Apple Inc. $AAPL Shares Sold by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 175,047 shares of the iPhone maker’s stock after selling 2,954 shares during the period. Apple comprises about 6.5% of Culbertson A N & Co. Inc.’s holdings, making the stock its 2nd largest position. Culbertson A N & Co. Inc.’s holdings in Apple were worth $58,294,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Berkshire Hathaway Inc purchased a new stake in Apple in the second quarter worth about $65,950,297,000. Bank of America Corp DE bought a new stake in Apple during the 2nd quarter valued at approximately $36,986,090,000. Legal & General Group Plc purchased a new position in shares of Apple during the 2nd quarter worth approximately $30,443,242,000. Deutsche Bank AG purchased a new position in shares of Apple during the 2nd quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Apple during the 2nd quarter worth approximately $10,588,946,000. 67.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AAPL. Melius Research set a $370.00 target price on Apple in a research note on Tuesday, November 3rd. Guggenheim set a $400.00 price objective on Apple in a report on Tuesday, November 3rd. Citic Securities raised their price objective on Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a report on Wednesday, September 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $343.74.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple has held up better than many Big Tech peers and recently reached record territory, with investors appearing to favor its restrained AI infrastructure spending compared with peers’ heavy investment. That approach may help preserve cash and margins, though it also raises questions about its AI competitiveness. Apple Is Holding Strong While Big Tech Sells Off. Is It Next?
• Positive Sentiment: Apple Intelligence cleared a regulatory step for use on tablets and laptops in China, potentially expanding the service’s reach in a key market. Apple Intelligence registers with Chinese regulator
• Neutral Sentiment: Apple is reportedly holding capital spending steady while rivals accelerate AI infrastructure investment. This could support cash generation, but investors may also question whether the company is investing enough to keep pace in AI. Apple holds capex steady as peers accelerate AI infrastructure buildout
• Negative Sentiment: Binance warned that an iOS vulnerability could allow malicious apps to access data from other apps, potentially exposing crypto-wallet keys and credentials. Uncertainty over affected versions and whether updates resolve the flaw could create security and reputational concerns. Binance warns iOS flaw could expose crypto wallet keys
• Negative Sentiment: Reports of worker deaths at an Indian supplier and an ensuing investigation raise potential supply-chain, operational and reputational risks as Apple expands manufacturing in India. Apple faces major supplier investigation after 3 worker deaths
• Negative Sentiment: Valuation concerns and a reported memory-cost squeeze could pressure expectations. KeyCorp also cut its fiscal 2027 EPS forecast to $8.34 from $9.08 and maintains an Underweight rating with a $250 price target, well below the consensus forecast cited in the report. Apple Is Above $5 Trillion After Its First-Ever Close Above $350

Insider Activity at Apple

In other Apple news, CFO Kevan Parekh sold 1,392 shares of Apple stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the transaction, the chief financial officer directly owned 17,539 shares of the company’s stock, valued at approximately $6,051,831.95. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total transaction of $781,474.25. Following the completion of the transaction, the senior vice president owned 29,997 shares in the company, valued at approximately $9,771,522.75. This represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 290,212 shares of company stock worth $96,639,685 in the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Trading Down 0.6%

Apple stock opened at $348.56 on Wednesday. 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 business’s fifty day simple moving average is $337.27 and its two-hundred day simple moving average is $299.52. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.38. The company has a market capitalization of $5.07 trillion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 3.38 and a beta of 1.07.

Apple (NASDAQ:AAPL) last released its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS 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 firm had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities analysts predict that Apple Inc. will post 9.44 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be paid a $0.27 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple’s payout ratio is presently 12.04%.

Apple Company 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.