Apple Inc. $AAPL Stock Sold by Yarbrough Capital LLC

Key Points

• Yarbrough Capital reduced its Apple stake by 2.7%, selling 47,855 shares in the third quarter. It still held 1,696,980 shares worth about $565 million, making Apple its second-largest holding at 15.7% of its portfolio.
• Apple reported quarterly revenue of $114.48 billion, up 11.7% year over year, and EPS of $2.10, beating analyst estimates. Analysts’ average rating was “Moderate Buy,” with an average price target of $343.28.
• Investors face concerns about profitability despite the earnings beat: Apple forecast lower holiday-quarter gross margins, citing higher memory costs and Siri AI spending, alongside worries about slower services growth and weaker-than-expected China revenue.

Yarbrough Capital LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,696,980 shares of the iPhone maker's stock after selling 47,855 shares during the quarter. Apple comprises approximately 15.7% of Yarbrough Capital LLC's portfolio, making the stock its 2nd biggest holding. Yarbrough Capital LLC's holdings in Apple were worth $565,128,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AAPL. State Street Corp lifted its holdings in 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 in the last quarter. Berkshire Hathaway Inc bought a new position in Apple in the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE bought a new position in Apple in the 2nd quarter worth about $36,986,090,000. Legal & General Group Plc purchased a new position in Apple during the 2nd quarter valued at about $30,443,242,000. Finally, Amundi grew its holdings in Apple by 23.2% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other news, CFO Kevan Parekh sold 1,392 shares of the business's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $345.05, for a total transaction of $480,309.60. Following the completion of the transaction, the chief financial officer owned 17,539 shares of the company's stock, valued at approximately $6,051,831.95. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O'brien sold 46,389 shares of the company's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the transaction, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 289,252 shares of company stock worth $96,301,063. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America reiterated a "buy" rating and set a $370.00 price target on shares of Apple in a research report on Wednesday, September 23rd. Yorkville Ives began coverage on shares of Apple in a report on Tuesday, October 6th. They issued an "outperform" rating and a $400.00 price target on the stock. Oppenheimer restated a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Tuesday, October 27th. Finally, BTIG Research initiated coverage on shares of Apple in a report on Monday, August 17th. They set a "neutral" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $343.28.

Apple Trading Down 1.9%

Shares of AAPL stock opened at $331.90 on Wednesday. The company has a market capitalization of $4.84 trillion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The business's fifty day moving average is $334.05 and its 200 day moving average is $297.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

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 return on equity of 128.88% and a net margin of 27.60%. The business had revenue of $114.48 billion during the quarter, compared to analysts' expectations of $113.40 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The firm's revenue was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 9.56 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is presently 12.39%.

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 Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.