Five Oceans Advisors Sells 3,744 Shares of Apple Inc. $AAPL

Key Points

• Five Oceans Advisors cut its Apple stake by 13% in the third quarter, selling 3,744 shares and retaining 25,018 shares valued at about $8.33 million.
• Apple insiders sold 290,212 shares worth approximately $96.6 million over the past 90 days; one disclosed sale covered tax withholding on vested equity awards.
• Apple beat quarterly expectations, reporting $2.10 in earnings per share and $114.48 billion in revenue, up 11.7% year over year.

Five Oceans Advisors lowered its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,018 shares of the iPhone maker's stock after selling 3,744 shares during the period. Apple accounts for 3.1% of Five Oceans Advisors' holdings, making the stock its 9th biggest position. Five Oceans Advisors' holdings in Apple were worth $8,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avenir Tech Ltd acquired a new stake in Apple during the 2nd quarter worth about $29,000. Ironwood Wealth Management Inc. purchased a new position in shares of Apple in the third quarter worth about $34,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Apple during the second quarter worth about $30,000. ABS Investment Management LLC acquired a new stake in shares of Apple during the second quarter worth about $376,168,000. Finally, Bamco Inc. NY purchased a new stake in Apple in the second quarter valued at approximately $118,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total transaction of $796,491.99. Following the completion of the sale, the senior vice president owned 39,593 shares in the company, valued at approximately $13,145,271.93. This trade represents a 5.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 290,212 shares of company stock valued at $96,639,685. Corporate insiders own 0.06% of the company's stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple has held up better than many Big Tech peers and recently reached record territory, with investors appearing to favor its restrained AI infrastructure spending compared with peers’ heavy investment. That approach may help preserve cash and margins, though it also raises questions about its AI competitiveness. Apple Is Holding Strong While Big Tech Sells Off. Is It Next?
• Positive Sentiment: Apple Intelligence cleared a regulatory step for use on tablets and laptops in China, potentially expanding the service’s reach in a key market. Apple Intelligence registers with Chinese regulator
• Neutral Sentiment: Apple is reportedly holding capital spending steady while rivals accelerate AI infrastructure investment. This could support cash generation, but investors may also question whether the company is investing enough to keep pace in AI. Apple holds capex steady as peers accelerate AI infrastructure buildout
• Negative Sentiment: Binance warned that an iOS vulnerability could allow malicious apps to access data from other apps, potentially exposing crypto-wallet keys and credentials. Uncertainty over affected versions and whether updates resolve the flaw could create security and reputational concerns. Binance warns iOS flaw could expose crypto wallet keys
• Negative Sentiment: Reports of worker deaths at an Indian supplier and an ensuing investigation raise potential supply-chain, operational and reputational risks as Apple expands manufacturing in India. Apple faces major supplier investigation after 3 worker deaths
• Negative Sentiment: Valuation concerns and a reported memory-cost squeeze could pressure expectations. KeyCorp also cut its fiscal 2027 EPS forecast to $8.34 from $9.08 and maintains an Underweight rating with a $250 price target, well below the consensus forecast cited in the report. Apple Is Above $5 Trillion After Its First-Ever Close Above $350

Apple Stock Performance

AAPL opened at $348.56 on Wednesday. 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 firm has a fifty day moving average price of $337.27 and a 200 day moving average price of $299.52. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $355.38. The stock has a market cap of $5.07 trillion, a P/E ratio of 38.86, a P/E/G ratio of 3.38 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The business had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. During the same period in the prior year, the company posted $1.85 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 9.44 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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple's dividend payout ratio is presently 12.04%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. Daiwa Securities Group increased their price target on shares of Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. Seaport Research Partners downgraded shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the company a "buy" rating in a report on Monday, August 17th. Citigroup reiterated a "buy" rating on shares of Apple in a research note on Thursday, September 10th. Finally, Monness Crespi & Hardt reissued a "buy" rating and set a $355.00 target price on shares of Apple in a report on Wednesday, October 28th. Two 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 stock. Based on data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average target price of $343.74.

Apple Company 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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