Apple Inc. $AAPL Stock Sold by Parthenon LLC

Key Points

• Parthenon LLC trimmed its Apple stake by 1.1%, selling 1,425 shares in the third quarter. It held 125,595 shares worth about $41.8 million at the time of its latest filing; Apple remained its fifth-largest portfolio position.
• Apple reported quarterly earnings of $2.10 per share and revenue of $114.48 billion, beating analyst estimates; revenue rose 11.7% year over year.
• CEO John Ternus and insider Timothy Cook sold shares, with both transactions disclosed as covering tax withholding on vested equity awards. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $347.11.

Parthenon LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,595 shares of the iPhone maker's stock after selling 1,425 shares during the period. Apple comprises approximately 4.4% of Parthenon LLC's portfolio, making the stock its 5th largest position. Parthenon LLC's holdings in Apple were worth $41,826,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Berkshire Hathaway Inc acquired a new stake in Apple in the 2nd quarter valued at about $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple in the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple during the second quarter worth about $30,443,242,000. Deutsche Bank AG acquired a new position in shares of Apple during the second quarter worth about $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Apple during the second quarter worth about $10,588,946,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

More Apple News

Investors following AAPL have been watching these news items:

• Positive Sentiment: Reports point to strong iPhone demand and a record quarterly revenue result, while the foldable iPhone could provide a new growth opportunity. A faster Siri AI roadmap may also strengthen Apple’s longer-term product story.
• Neutral Sentiment: Google is rolling out Gemini Live on Apple CarPlay, bringing another conversational AI option to iPhone users’ cars. This adds functionality to the CarPlay platform, though it also highlights competition for Apple’s own assistant. Google brings Gemini Live to Apple CarPlay
• Negative Sentiment: Some analysts and commentators argue the shares look expensive after a strong run, raising the risk that high expectations could limit further gains if growth or margins disappoint. Apple shares look expensive heading into 2027

Insider Buying and Selling at Apple

In other news, CEO John Ternus sold 25,412 shares of Apple stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the transaction, the chief executive officer directly owned 59,567 shares of the company's stock, valued at $19,832,236.98. The trade was a 29.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the completion of the sale, the insider owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 290,212 shares of company stock valued at $96,639,685. Insiders own 0.06% of the company's stock.

Apple Stock Up 2.0%

Shares of NASDAQ AAPL opened at $355.63 on Thursday. The stock has a market cap of $5.17 trillion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 3.35 and a beta of 1.07. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $355.91. The business has a 50-day moving average price of $337.88 and a 200 day moving average price of $300.06.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly 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 return on equity of 125.35% and a net margin of 27.60%. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The firm's revenue was up 11.7% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 9.45 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be given 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 dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is 12.04%.

Analyst Ratings Changes

Several analysts recently weighed in on AAPL shares. KeyCorp reaffirmed an "underweight" rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, November 3rd. Melius Research set a $370.00 price target on shares of Apple in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. lowered their price target on shares of Apple from $360.00 to $355.00 and set an "overweight" rating for the company in a report on Tuesday, November 3rd. Barclays increased their price objective on shares of Apple from $245.00 to $261.00 and gave the company an "underweight" rating in a research report on Tuesday, November 3rd. Finally, BTIG Research began coverage on shares of Apple in a report on Monday, August 17th. They issued a "neutral" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $347.11.

Apple Profile

Apple Inc. designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS. The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple's devices and are sold to consumers, businesses and institutions around the world. Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.

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