Quattro Financial Advisors LLC Sells 6,015 Shares of Apple Inc. $AAPL

Quattro Financial Advisors LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 35.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,047 shares of the iPhone maker’s stock after selling 6,015 shares during the quarter. Apple makes up approximately 0.8% of Quattro Financial Advisors LLC’s holdings, making the stock its 28th largest holding. Quattro Financial Advisors LLC’s holdings in Apple were worth $3,679,000 at the end of the most recent quarter.

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

Apple Stock Down 0.9%

Shares of NASDAQ:AAPL opened at $343.83 on Thursday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The firm has a market capitalization of $5.02 trillion, a P/E ratio of 39.43, a P/E/G ratio of 2.75 and a beta of 1.07. The stock has a 50 day moving average price of $331.73 and a 200-day moving average price of $295.51. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled its first touchscreen MacBook Pro, featuring tandem OLED technology, up to 2,000-nit brightness, 120Hz refresh rates, and higher-end M5 Pro and M5 Max chips. The launch could support Mac revenue, premium pricing and a broader hardware upgrade cycle. Apple Stock: Slip Despite MacBook Pro Launch With Tandem OLED Display
• Positive Sentiment: Analyst support remains a modest tailwind. Monness, Crespi, Hardt raised its Apple price target to $355, while early iPhone 18 Pro sales were reportedly 3.1% above the prior model, including particularly strong growth in China. Wall Street Analyst Updates Apple Stock Target Ahead of Earnings
• Neutral Sentiment: Apple is approaching its November 2 earnings report after a lengthy run of earnings beats. Investors are looking for evidence that iPhone demand, services growth and artificial-intelligence initiatives can justify a valuation near 40 times earnings. Seeking Clues to Apple Q4 Earnings
• Negative Sentiment: The touchscreen MacBook Pro starts at approximately $2,899, raising concerns that premium pricing could limit adoption. Investors also face broader pressure from rising memory costs, expensive technology valuations and potentially higher interest rates. Apple’s Touchscreen MacBook Pro Pushes Laptop Pricing Higher
• Negative Sentiment: Apple is offering replacements after reports that screens on its $1,999 foldable iPhone Duo cracked near the hinge. The issue threatens customer confidence and could increase warranty or recall costs just as the company launches a major new product category. Apple Shows First Touchscreen Laptops Amid Product Blitz
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million for allegedly forcing developers toward their payment systems and delaying app reviews, adding to regulatory risks around Apple’s services business. South Korea Fines Google and Apple Over App Market Practices

Analysts Set New Price Targets

Several research firms recently weighed in on AAPL. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a report on Friday, September 25th. JPMorgan Chase & Co. boosted their price objective on shares of Apple from $340.00 to $360.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Evercore restated an “outperform” rating on shares of Apple in a report on Tuesday. Phillip Securities raised their target price on shares of Apple from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, September 14th. Finally, Seaport Research Partners cut shares of Apple from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $340.59.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 46,389 shares of the firm’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 completion of the transaction, the senior vice president owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale 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, CFO Kevan Parekh sold 1,392 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.05, for a total transaction of $480,309.60. Following the sale, the chief financial officer owned 17,539 shares in the company, valued at approximately $6,051,831.95. This trade represents a 7.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 286,853 shares of company stock valued at $95,477,342 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

About Apple

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.