Yousif Capital Management LLC Sells 11,550 Shares of Apple Inc. $AAPL

Key Points

• Yousif Capital Management cut its Apple stake by 0.8%, selling 11,550 shares in the third quarter. It retained 1.46 million shares valued at about $486.9 million, making Apple its second-largest holding.
• Other institutional investors reported increasing their positions, while institutions collectively owned 67.73% of Apple shares. Recent insider sales included transactions by Apple’s CFO and another insider, both to cover tax withholding on vested equity awards.
• Apple beat quarterly earnings and revenue expectations, reporting $2.10 per share and $114.48 billion in revenue. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $347.11.

Yousif Capital Management LLC decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,462,052 shares of the iPhone maker's stock after selling 11,550 shares during the period. Apple makes up 5.3% of Yousif Capital Management LLC's holdings, making the stock its 2nd biggest holding. Yousif Capital Management LLC's holdings in Apple were worth $486,893,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BIP Wealth LLC boosted its position in shares of Apple by 3.8% during the 3rd quarter. BIP Wealth LLC now owns 125,602 shares of the iPhone maker's stock worth $41,828,000 after purchasing an additional 4,571 shares in the last quarter. River Street Advisors LLC grew its stake in shares of Apple by 2.7% in the 3rd quarter. River Street Advisors LLC now owns 33,220 shares of the iPhone maker's stock valued at $11,063,000 after buying an additional 869 shares during the period. MLP3 LLC increased its position in Apple by 22.2% in the 3rd quarter. MLP3 LLC now owns 11,567 shares of the iPhone maker's stock valued at $3,852,000 after buying an additional 2,101 shares in the last quarter. Andrew Hill Investment Advisors Inc. increased its position in Apple by 58.6% in the 3rd quarter. Andrew Hill Investment Advisors Inc. now owns 25,586 shares of the iPhone maker's stock valued at $8,521,000 after buying an additional 9,449 shares in the last quarter. Finally, Darrow Company Inc. increased its position in Apple by 30.7% in the 3rd quarter. Darrow Company Inc. now owns 6,221 shares of the iPhone maker's stock valued at $2,072,000 after buying an additional 1,463 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In related news, insider Ben Borders sold 1,280 shares of the business's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.40, for a total transaction of $442,112.00. Following the transaction, the insider directly owned 38,288 shares in the company, valued at approximately $13,224,675.20. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,392 shares of the company's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $345.05, for a total transaction of $480,309.60. Following the completion of the sale, the chief financial officer directly owned 17,539 shares of the company's stock, valued at $6,051,831.95. The trade was a 7.35% 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. Insiders have sold a total of 290,212 shares of company stock valued at $96,639,685 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Latest Apple News

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

• Positive Sentiment: Reports point to strong iPhone demand and a record quarterly revenue result, while the foldable iPhone could provide a new growth opportunity. A faster Siri AI roadmap may also strengthen Apple’s longer-term product story.
• 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 Trading Up 2.0%

Shares of Apple stock opened at $355.63 on Thursday. The company has a market capitalization of $5.17 trillion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 3.35 and a beta of 1.07. The stock has a fifty day simple moving average of $337.88 and a 200 day simple moving average of $300.06. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $355.91. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion for the quarter, compared to analysts' expectations of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The business's revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $1.85 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 9.45 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio is currently 12.04%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AAPL. Monness Crespi & Hardt reaffirmed a "buy" rating and set a $355.00 price target on shares of Apple in a research note on Wednesday, October 28th. Evercore reissued an "outperform" rating on shares of Apple in a research note on Tuesday, October 27th. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research note on Thursday, October 1st. Moffett Nathanson set a $283.00 price objective on Apple and gave the company a "neutral" rating in a report on Tuesday, October 20th. Finally, China Renaissance raised Apple from a "hold" rating to a "buy" rating and set a $425.00 target price on the stock in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $347.11.

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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