Apple Inc. $AAPL Stock Purchased by Maia Wealth LLC

Key Points

• Maia Wealth increased its Apple stake by 9.7% in the third quarter, adding 3,120 shares to hold 35,220 shares valued at about $11.7 million.
• Apple reported quarterly revenue of $114.48 billion, up 11.7% year over year, and EPS of $2.10, beating analyst estimates.
• Despite the earnings beat, investors face margin concerns: Apple forecast a 45%–46% holiday-quarter gross margin, down from 47.9%, citing higher memory-chip costs and Siri AI spending.

Maia Wealth LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 9.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 35,220 shares of the iPhone maker's stock after buying an additional 3,120 shares during the quarter. Apple comprises about 1.6% of Maia Wealth LLC's portfolio, making the stock its 6th largest holding. Maia Wealth LLC's holdings in Apple were worth $11,729,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tanager Wealth Management LLP increased its position in shares of Apple by 3.4% in the third quarter. Tanager Wealth Management LLP now owns 69,765 shares of the iPhone maker's stock worth $23,233,000 after purchasing an additional 2,281 shares during the period. Highland Financial Advisors LLC grew its stake in shares of Apple by 5.2% during the third quarter. Highland Financial Advisors LLC now owns 8,079 shares of the iPhone maker's stock worth $2,691,000 after buying an additional 400 shares during the last quarter. Value Partners Investments Inc. raised its position in Apple by 10.3% in the third quarter. Value Partners Investments Inc. now owns 1,931 shares of the iPhone maker's stock valued at $645,000 after purchasing an additional 180 shares during the last quarter. Fairvoy Private Wealth LLC boosted its position in Apple by 2.4% during the 3rd quarter. Fairvoy Private Wealth LLC now owns 44,576 shares of the iPhone maker's stock worth $14,845,000 after buying an additional 1,025 shares during the period. Finally, Clark Financial Services Group Inc. BD grew its position in shares of Apple by 1.1% in the 3rd quarter. Clark Financial Services Group Inc. BD now owns 27,189 shares of the iPhone maker's stock valued at $9,055,000 after buying an additional 289 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record September-quarter revenue of $114.48 billion, up 11.7% year over year, and EPS of $2.10, beating analyst estimates. Strong iPhone demand—iPhone revenue rose 17.5%—and Mac sales helped drive the results. Apple Q4 Earnings Beat Estimates, iPhone Drives Top-Line Growth
• Positive Sentiment: Bank of America reiterated its Buy rating, arguing that investors should look beyond near-term margin pressure to Apple’s longer-term opportunity. Buy Apple Stock After Earnings, Says Bank of America
• Negative Sentiment: The main pressure is Apple’s forecast for a 45%–46% gross margin in the holiday quarter, below the recent quarter’s 47.9%. Management cited sharply higher memory-chip costs and spending tied to Siri AI; investors worry these expenses will limit profit growth even with strong sales. Apple Shares Slide as Higher Memory Costs Fuel Margin Concerns
• Negative Sentiment: Investors also saw softer signals beneath the headline beat: services growth is expected to slow, China revenue missed expectations, and higher component costs are being accompanied by increased inventory and supplier commitments. The stock’s premium valuation may make it more vulnerable if growth or margins disappoint. Apple Growth, Margins Likely Face Pressure in 2027, UBS Says

Apple Stock Down 1.9%

Apple stock opened at $331.90 on Wednesday. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $351.73. The firm has a market capitalization of $4.84 trillion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. The firm's fifty day moving average price is $334.05 and its two-hundred day moving average price is $297.13. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 128.88%. The company had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts predict that Apple Inc. will post 9.56 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's payout ratio is 12.39%.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares of the company's stock, valued at approximately $14,116,870.56. The trade was a 5.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 289,252 shares of company stock worth $96,301,063 over the last 90 days. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Tuesday, October 27th. Yorkville Ives assumed coverage on shares of Apple in a research note on Tuesday, October 6th. They set an "outperform" rating and a $400.00 target price for the company. Monness Crespi & Hardt restated a "buy" rating and issued a $355.00 target price on shares of Apple in a report on Wednesday, October 28th. BTIG Research started coverage on shares of Apple in a research report on Monday, August 17th. They set a "neutral" rating on the stock. Finally, Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $343.28.

About Apple

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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