Apple Inc. $AAPL Stock: Investment House LLC Cuts Holdings

Investment House LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 38.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,278 shares of the iPhone maker’s stock after selling 197,481 shares during the quarter. Apple comprises approximately 4.6% of Investment House LLC’s portfolio, making the stock its 2nd largest holding. Investment House LLC’s holdings in Apple were worth $104,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Apple by 4.7% during the second 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 in the last quarter. Berkshire Hathaway Inc purchased a new stake in Apple in the 2nd quarter valued at $65,950,297,000. Bank of America Corp DE purchased a new stake in Apple in the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple in the 2nd quarter valued at $30,443,242,000. Finally, Amundi increased its stake in shares of Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $348.56 on Wednesday. The business has a fifty day moving average of $337.27 and a two-hundred day moving average of $299.52. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The stock has a market cap 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 Inc. has a 52-week low of $243.42 and a 52-week high of $355.38.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS 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 analyst estimates of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.85 EPS. As a group, research analysts anticipate that Apple Inc. will post 9.44 earnings per share for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on AAPL. Morgan Stanley set a $350.00 price target on Apple and gave the stock an “overweight” rating in a report on Tuesday, November 3rd. Argus upped their price objective on shares of Apple from $375.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Barclays upped their price objective on shares of Apple from $245.00 to $261.00 and gave the company an “underweight” rating in a report on Tuesday, November 3rd. Sanford C. Bernstein raised their price objective on shares of Apple from $370.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Finally, Royal Bank Of Canada set a $365.00 target price on shares of Apple in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently 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 Transactions at Apple

In other Apple news, CFO Kevan Parekh sold 1,392 shares of the stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.05, for a total transaction of $480,309.60. Following the completion of the transaction, the chief financial officer owned 17,539 shares of the company’s stock, valued at $6,051,831.95. This trade represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 Apple stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $325.75, for a total transaction of $781,474.25. Following the sale, the senior vice president owned 29,997 shares of the company’s stock, valued at approximately $9,771,522.75. This represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 290,212 shares of company stock worth $96,639,685 in the last 90 days. Insiders own 0.06% of the company’s stock.

About Apple

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.