XXI Wealth LLC Purchases 3,073 Shares of Apple Inc. $AAPL

Key Points

• XXI Wealth increased its Apple stake by 8.9%, buying 3,073 shares in the third quarter to reach 37,673 shares valued at about $12.55 million. Apple is the firm’s second-largest holding, representing 4.8% of its portfolio.
• Apple reported quarterly EPS of $2.10, topping the $1.99 consensus estimate, while revenue of $114.48 billion beat expectations and rose 11.7% year over year.
• Institutional investors own 67.73% of Apple’s shares. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $347.11.

XXI Wealth LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,673 shares of the iPhone maker's stock after buying an additional 3,073 shares during the period. Apple comprises about 4.8% of XXI Wealth LLC's investment portfolio, making the stock its 2nd largest holding. XXI Wealth LLC's holdings in Apple were worth $12,546,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its stake in shares of Apple by 4.7% during the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock worth $182,897,769,000 after acquiring an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in shares of Apple in the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple in the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc bought a new stake in shares of Apple in the second quarter worth $30,443,242,000. Finally, Amundi lifted its position in shares of Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple News Roundup

Here's some of the latest news about AAPL:

• 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: Memory-chip prices are creating a margin headwind. Apple’s December-quarter gross-margin outlook of 45%–46% was reported below analysts’ 46.3% expectation, tempering the positive impact of strong sales. Apple faces memory-cost pressure despite record quarter
• 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 Stock Performance

Shares of NASDAQ AAPL opened at $355.63 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $5.17 trillion, a P/E ratio of 39.65, a P/E/G 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 stock has a 50 day moving average of $337.88 and a 200-day moving average 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 earnings per share (EPS) for the quarter, beating 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 business had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. During the same quarter last year, the firm posted $1.85 EPS. The company's quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts predict that Apple Inc. will post 9.45 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio is presently 12.04%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AAPL. DA Davidson increased their target price on shares of Apple from $270.00 to $295.00 and gave the stock a "neutral" rating in a report on Tuesday, November 3rd. TD Cowen lowered their price target on shares of Apple from $400.00 to $390.00 and set a "buy" rating on the stock in a research note on Tuesday, November 3rd. Evercore reissued an "outperform" rating on shares of Apple in a research report on Tuesday, October 27th. HSBC restated a "buy" rating on shares of Apple in a research note on Tuesday, October 27th. Finally, Yorkville Ives assumed coverage on shares of Apple in a research note on Tuesday, October 6th. They set an "outperform" rating and a $400.00 price objective for the company. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $347.11.

Insider Activity at Apple

In other news, CEO John Ternus sold 25,412 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 59,567 shares in the company, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the sale, the insider owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 290,212 shares of company stock valued at $96,639,685 over the last three months. Company insiders own 0.06% of the company's stock.

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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