Apple Inc. $AAPL Stock Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 464,200 shares of the iPhone maker's stock after selling 5,719 shares during the period. Apple makes up about 3.5% of SBI Securities Co. Ltd.'s holdings, making the stock its 4th biggest holding. SBI Securities Co. Ltd.'s holdings in Apple were worth $154,588,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. State Street Corp grew its holdings in shares of Apple by 4.7% during the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock worth $182,897,769,000 after purchasing an additional 28,321,085 shares during the period. Berkshire Hathaway Inc acquired a new stake in Apple during the 2nd quarter worth approximately $65,950,297,000. Bank of America Corp DE purchased a new position in Apple in the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc purchased a new position in Apple in the second quarter valued at approximately $30,443,242,000. Finally, Amundi raised its holdings in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after buying an additional 13,780,080 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $325.75, for a total transaction of $781,474.25. Following the transaction, the senior vice president directly owned 29,997 shares of the company's stock, valued at approximately $9,771,522.75. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ben Borders sold 1,280 shares of the company's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the transaction, the insider owned 38,288 shares of the company's stock, valued at $13,224,675.20. This trade represents a 3.23% decrease in their ownership of the stock. 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. Insiders have sold 290,212 shares of company stock valued at $96,639,685 over the last three months. Company insiders own 0.06% of the company's stock.

Apple Price Performance

AAPL stock opened at $350.69 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.02. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $355.38. The firm has a market cap of $5.10 trillion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 3.30 and a beta of 1.07. The stock has a 50-day simple moving average of $336.63 and a 200-day simple moving average of $299.02.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company's revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. On average, equities analysts predict that Apple Inc. will post 9.68 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio (DPR) is 12.04%.

Analyst Ratings Changes

A number of brokerages have weighed in on AAPL. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research report on Tuesday, November 3rd. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. dropped their price objective on shares of Apple from $360.00 to $355.00 and set an "overweight" rating for the company in a research report on Tuesday, November 3rd. Wells Fargo & Company reissued an "overweight" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Finally, Royal Bank Of Canada set a $365.00 target price on shares of Apple in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $343.74.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported quarterly revenue of $114.48 billion and EPS of $2.10, topping estimates, with double-digit growth in hardware and services. Article
• Positive Sentiment: Apple Intelligence cleared a Chinese regulatory step for use on tablets and laptops, potentially expanding the service’s reach in a major market. Article
• Positive Sentiment: Apple has begun offering $49.99 add-on packs for extra AI usage in Creator Studio, a potential new revenue stream from its AI features. Article
• Positive Sentiment: Commentary points to resilient iPhone demand and Apple’s comparatively restrained AI spending as advantages amid investor concerns about heavy AI investment elsewhere. Article
• Neutral Sentiment: Apple issued $7.5 billion in senior unsecured notes. The financing provides capital but also adds debt; the announcement does not specify a direct operating catalyst. Article
• Negative Sentiment: Reports warn that rising memory-chip costs could pressure margins, while some analysts question whether Apple’s valuation leaves limited room for further gains. Article

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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