Boomfish Wealth Group LLC Sells 1,773 Shares of Apple Inc. $AAPL

Key Points

• Boomfish Wealth Group reduced its Apple stake by 7%: It sold 1,773 shares in the third quarter and ended the period with 23,720 shares worth about $7.9 million, Apple’s fourth-largest portfolio holding.
• Apple reported quarterly earnings of $2.10 per share, above the $1.99 consensus estimate, and revenue of $114.48 billion, up 11.7% year over year.
• Analyst views were mixed, but the consensus rating remained “Moderate Buy”, with an average price target of $347.11.

Boomfish Wealth Group LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 23,720 shares of the iPhone maker's stock after selling 1,773 shares during the quarter. Apple accounts for 3.4% of Boomfish Wealth Group LLC's portfolio, making the stock its 4th largest position. Boomfish Wealth Group LLC's holdings in Apple were worth $7,899,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Avenir Tech Ltd bought a new position in shares of Apple during the 2nd quarter valued at about $29,000. Ironwood Wealth Management Inc. acquired a new stake in shares of Apple during the third quarter worth $34,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Apple during the second quarter worth $30,000. ABS Investment Management LLC acquired a new stake in shares of Apple during the second quarter worth $376,168,000. Finally, Bamco Inc. NY purchased a new stake in shares of Apple during the second quarter valued at $118,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total transaction of $796,491.99. Following the transaction, the senior vice president directly owned 39,593 shares of the company's stock, valued at $13,145,271.93. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This represents a 25.32% 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 ninety days, insiders sold 290,212 shares of company stock valued at $96,639,685. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. DZ Bank lowered Apple from a "hold" rating to a "sell" rating and set a $300.00 price target for the company. in a research report on Wednesday, November 4th. Barclays boosted their price objective on Apple from $245.00 to $261.00 and gave the stock an "underweight" rating in a report on Tuesday, November 3rd. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a research note on Wednesday, July 15th. Deutsche Bank lowered shares of Apple from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. Finally, CICC Research raised their target price on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Two investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus price target of $347.11.

Apple Price Performance

NASDAQ AAPL opened at $355.63 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The stock has a market capitalization 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. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $355.91. The company has a 50 day moving average price of $337.88 and a two-hundred day moving average price of $300.06.

Apple (NASDAQ:AAPL - Get Free Report) last announced 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. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. Apple's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.85 EPS. As a group, equities analysts predict that Apple Inc. will post 9.45 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be issued a $0.27 dividend. 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 dividend payout ratio is currently 12.04%.

Key Apple News

These are some of the AAPL news items that stood out recently:

• Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and raised its price target to $425, citing growth potential from Apple’s first foldable iPhone. The bullish outlook helped support shares. Analyst raises Apple price target to $425
• 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

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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