Cannell & Spears LLC Sells 13,332 Shares of Apple Inc. $AAPL

Cannell & Spears LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 764,917 shares of the iPhone maker’s stock after selling 13,332 shares during the period. Apple comprises approximately 3.7% of Cannell & Spears LLC’s holdings, making the stock its 3rd largest holding. Cannell & Spears LLC’s holdings in Apple were worth $194,771,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Circle Wealth Management LLC grew its holdings in shares of Apple by 9.8% in the 3rd quarter. Circle Wealth Management LLC now owns 6,637,298 shares of the iPhone maker’s stock valued at $1,690,055,000 after acquiring an additional 592,404 shares in the last quarter. Clark Capital Management Group Inc. raised its holdings in Apple by 7.6% during the third quarter. Clark Capital Management Group Inc. now owns 1,507,195 shares of the iPhone maker’s stock worth $383,777,000 after acquiring an additional 106,350 shares in the last quarter. Clearline Capital LP bought a new stake in Apple during the third quarter worth about $11,458,000. Ausdal Financial Partners Inc. boosted its position in Apple by 18.4% during the third quarter. Ausdal Financial Partners Inc. now owns 220,060 shares of the iPhone maker’s stock valued at $56,034,000 after purchasing an additional 34,133 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its position in Apple by 5.0% during the third quarter. Azimuth Capital Investment Management LLC now owns 394,561 shares of the iPhone maker’s stock valued at $100,467,000 after purchasing an additional 18,930 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Apple stock opened at $250.12 on Monday. The company has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 31.62, a PEG ratio of 2.23 and a beta of 1.10. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The stock’s 50 day moving average is $262.08 and its 200-day moving average is $261.74.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.17. The business had revenue of $143.76 billion during the quarter, compared to analysts’ expectations of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $2.40 EPS. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 13.15%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new low-cost devices (MacBook Neo, iPhone 17e) broaden addressable market and could win share versus cheaper Windows/Chromebooks — a strategic growth lever even if it pressures near-term margins. How Apple’s new low-cost MacBook Neo may shake up the market
• Positive Sentiment: Early Formula 1 ratings for AppleTV’s exclusive U.S. stream were strong, supporting the thesis that exclusive sports/content deals can grow Services subscriptions and engagement over time. Apple Gets Early Formula 1 Ratings Win
• Positive Sentiment: India’s plan to roll fresh smartphone manufacturing incentives could help Apple expand local production and improve margin/market access over the medium term. India plans fresh incentives for phone production
• Neutral Sentiment: Analyst views are mixed: a few firms raised targets or reiterated buys while others stay cautious/neutral; median price targets remain above the market, keeping a longer-term bullish backdrop but no unanimous near-term catalyst. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Apple cut its mainland China App Store commission to 25% (and mini-app fees to 12%) after regulator talks — good for developer relations but a direct hit to Services take-rate and near-term revenue in its second‑largest market. Apple cuts China App Store commission fees after government pressure
• Negative Sentiment: Strong insider selling and social/board chatter about a tech pullback and China demand risks are weighing on sentiment — traders are highlighting technical weakness and short-term bearish views. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Macro and supply‑chain risks (memory/storage cost inflation and geopolitical disruption tied to the Iran war) could raise component costs and compress device margins if Apple absorbs price moves to hold consumer prices. The Iran War Could Upend AI. Here’s How.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. Stifel Nicolaus set a $330.00 price target on Apple in a research report on Monday, March 2nd. Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Friday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Apple from $315.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. DA Davidson restated a “neutral” rating and set a $270.00 target price on shares of Apple in a report on Friday, January 30th. Finally, Loop Capital reaffirmed a “buy” rating and set a $325.00 price target (up from $315.00) on shares of Apple in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $297.58.

Apple Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.