LifeWealth Investments LLC Sells 4,212 Shares of Apple Inc. $AAPL

Key Points

• LifeWealth Investments cut its Apple stake by 10.6%, selling 4,212 shares in the third quarter. It retained 35,373 shares worth about $11.78 million, with Apple its ninth-largest holding.
• Apple beat quarterly estimates, reporting earnings of $2.10 per share and revenue of $114.48 billion, up 11.7% year over year. Analysts’ consensus rating was “Moderate Buy,” with a $343.74 average price target.
• Despite strong results and demand, Apple flagged rising memory-chip costs and supply constraints that could pressure holiday-quarter margins.

LifeWealth Investments LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,373 shares of the iPhone maker's stock after selling 4,212 shares during the quarter. Apple makes up about 3.3% of LifeWealth Investments LLC's holdings, making the stock its 9th biggest position. LifeWealth Investments LLC's holdings in Apple were worth $11,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Berkshire Hathaway Inc purchased a new stake in Apple in the second quarter valued at $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple during the second quarter worth about $36,986,090,000. Legal & General Group Plc purchased a new position in shares of Apple during the second quarter worth about $30,443,242,000. Deutsche Bank AG acquired a new stake in shares of Apple during the second quarter worth about $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Apple during the second quarter worth about $10,588,946,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AAPL shares. Monness Crespi & Hardt reissued a "buy" rating and issued a $355.00 target price on shares of Apple in a research report on Wednesday, October 28th. Seaport Research Partners lowered Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. Bank of America reiterated a "buy" rating and issued a $370.00 price objective on shares of Apple in a research note on Wednesday, September 23rd. BTIG Research initiated coverage on Apple in a report on Monday, August 17th. They issued a "neutral" rating for the company. Finally, Needham & Company LLC restated a "hold" rating on shares of Apple in a research report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $343.74.

Insider Activity

In other Apple news, insider Ben Borders sold 1,280 shares of the business's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.40, for a total value of $442,112.00. Following the transaction, the insider directly owned 38,288 shares of the company's stock, valued at approximately $13,224,675.20. The trade was a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, 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 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 transaction, the senior vice president owned 136,810 shares of the company's stock, valued at approximately $45,615,190.20. The trade was 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 quarter, insiders sold 291,651 shares of company stock valued at $97,082,537. 0.06% of the stock is currently owned by company insiders.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue estimates, with solid iPhone and Mac demand. Apple also says more apps optimized for its new foldable iPhone are coming, potentially improving the product’s appeal. Apple earnings beat
• Positive Sentiment: Apple has held up better than many chipmakers amid the AI-stock sell-off, and Bernstein raised its price target to $380 while maintaining a Buy rating. This relative strength may support investor sentiment. Apple holds up amid market weakness
• Neutral Sentiment: Apple is reportedly seeking about $7.5 billion through a bond offering. The financing provides flexibility, though the reports do not specify its use. The company is also limiting some employees’ AI-tool budgets, a move that could help control costs but raises questions about its internal AI investment. Apple bond sale report
• Negative Sentiment: Management warned of unprecedented memory-chip costs and supply constraints heading into the holiday quarter, putting gross margins at risk despite healthy demand. Investors are also weighing slower Services growth and Apple’s premium valuation. Memory costs and supply constraints

Apple Stock Performance

Shares of AAPL stock opened at $342.37 on Friday. The stock has a market capitalization of $4.98 trillion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 3.21 and a beta of 1.07. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $355.38. The stock's 50-day moving average price is $336.01 and its 200 day moving average price is $298.50. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.61.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company had revenue of $114.48 billion during the quarter, compared to analysts' expectations of $113.40 billion. During the same period last year, the firm earned $1.85 EPS. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 9.68 EPS for the current year.

Apple Announces Dividend

The business also recently declared 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 is Thursday, November 12th. Apple's dividend payout ratio is 12.04%.

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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