BIP Wealth LLC Buys 4,571 Shares of Apple Inc. $AAPL

Key Points

• BIP Wealth increased its Apple stake by 3.8% in the third quarter, buying 4,571 shares to hold 125,602 shares valued at about $41.8 million.
• 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.
• Analyst sentiment is generally positive, with a MarketBeat average rating of “Moderate Buy” and an average price target of $347.11, though ratings include both holds and sells.

BIP Wealth LLC boosted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,602 shares of the iPhone maker's stock after purchasing an additional 4,571 shares during the quarter. Apple makes up approximately 1.1% of BIP Wealth LLC's investment portfolio, making the stock its 13th largest holding. BIP Wealth LLC's holdings in Apple were worth $41,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prospect Hill Management LLC purchased a new stake in Apple in the second quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC acquired a new position in Apple in the second quarter valued at approximately $168,646,000. Wealthfront Advisers LLC acquired a new position in Apple in the second quarter valued at approximately $482,388,000. Satovsky Asset Management LLC purchased a new stake in Apple in the 2nd quarter worth approximately $16,064,000. Finally, Gouws Capital LLC boosted its position in Apple by 136.9% in the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker's stock worth $12,490,000 after purchasing an additional 21,676 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a $340.00 target price (up from $296.00) on shares of Apple in a report on Tuesday, November 3rd. Melius Research set a $370.00 target price on shares of Apple in a research note on Tuesday, November 3rd. DZ Bank cut Apple from a "hold" rating to a "sell" rating and set a $300.00 price objective for the company. in a research report on Wednesday, November 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research note on Thursday, October 1st. Finally, Weiss Ratings upgraded Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average target price of $347.11.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $355.63 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. The business's 50 day moving average price is $337.88 and its 200-day moving average price is $300.06. The firm has a market capitalization of $5.17 trillion, a PE ratio of 39.65, a P/E/G ratio of 3.35 and a beta of 1.07. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $355.91.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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 firm 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 for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 9.45 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors 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 yield of 0.3%. Apple's payout ratio is presently 12.04%.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $332.01, for a total value of $796,491.99. Following the completion of the sale, the senior vice president owned 39,593 shares of the company's stock, valued at approximately $13,145,271.93. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy D. Cook sold 191,753 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares of the company's stock, valued at $1,086,837,377.28. This trade represents a 5.55% 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. Over the last ninety days, insiders have sold 290,212 shares of company stock valued at $96,639,685. Insiders own 0.06% of the company's stock.

Key Stories Impacting Apple

These are some of the AAPL stories that stood out recently:

• 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

About Apple

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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