Gibson Capital LLC Sells 11,787 Shares of Apple Inc. $AAPL

Key Points

• Gibson Capital cut its Apple position by 69.3% in the third quarter, selling 11,787 shares and retaining 5,213 shares valued at about $1.74 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 opinion is mixed: MarketBeat’s consensus rating is “Moderate Buy” with an average price target of $347.11, while DZ Bank downgraded the stock to Sell.

Gibson Capital LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 69.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,213 shares of the iPhone maker's stock after selling 11,787 shares during the period. Apple makes up about 0.3% of Gibson Capital LLC's portfolio, making the stock its 18th biggest holding. Gibson Capital LLC's holdings in Apple were worth $1,736,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AAPL. Berkshire Hathaway Inc bought a new stake in shares of Apple in the second quarter valued at about $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple in the second quarter valued at about $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple in the second quarter valued at about $30,443,242,000. Deutsche Bank AG bought a new position in Apple during the second quarter worth about $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Apple during the second quarter worth about $10,588,946,000. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

AAPL stock opened at $354.88 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $359.37. The firm has a market cap of $5.16 trillion, a P/E ratio of 39.56, a P/E/G ratio of 3.42 and a beta of 1.07. The company's 50-day moving average price is $338.48 and its two-hundred day moving average price is $300.56.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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. Apple had a net margin of 27.60% and a return on equity of 125.35%. The company 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 company earned $1.85 EPS. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 9.45 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 39,593 shares in the company, valued at $13,145,271.93. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Ternus sold 25,412 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the transaction, the chief executive officer owned 59,567 shares of the company's stock, valued at approximately $19,832,236.98. This represents a 29.90% 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 sold 292,611 shares of company stock valued at $97,482,597. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Guggenheim set a $400.00 price objective on shares of Apple in a research note on Tuesday, November 3rd. Moffett Nathanson set a $283.00 target price on shares of Apple and gave the stock a "neutral" rating in a research report on Tuesday, October 20th. Piper Sandler assumed coverage on shares of Apple in a research report on Monday, August 17th. They set an "overweight" rating on the stock. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a report on Thursday, September 10th. Finally, DZ Bank downgraded shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $347.11.

Apple News Roundup

Investors following AAPL have been watching these news items:

• Positive Sentiment: Apple recently reached a record high, with one analyst describing the stock as a “safe haven” amid market turmoil. CIBC also included AAPL among its post-election stock picks. Apple Stock Called 'Safe Haven,' Hits Record High
• Neutral Sentiment: Google is bringing its Gemini assistant to Apple CarPlay, adding a new AI feature for iPhone users. The partnership may improve CarPlay’s utility, though the assistant is Google’s service rather than Apple’s. Google Brings Gemini Live to Apple CarPlay
• Negative Sentiment: Some analysts and investors view AAPL as expensive after its strong run, while recent coverage shows disagreement on the outlook, including a DZ Bank downgrade to Sell. Rich valuation leaves less room for disappointment. 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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