Apple Inc. $AAPL Stock Sold by Net Worth Advisory Group

Net Worth Advisory Group decreased its position in Apple Inc. (NASDAQ:AAPL) by 12.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,998 shares of the iPhone maker’s stock after selling 2,580 shares during the quarter. Apple accounts for 1.5% of Net Worth Advisory Group’s portfolio, making the stock its 10th largest position. Net Worth Advisory Group’s holdings in Apple were worth $5,945,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Boyd Wealth Management LLC boosted its stake in Apple by 58.1% in the third quarter. Boyd Wealth Management LLC now owns 7,579 shares of the iPhone maker’s stock worth $2,524,000 after buying an additional 2,785 shares in the last quarter. tru Independence LLC raised its stake in shares of Apple by 0.5% during the third quarter. tru Independence LLC now owns 35,600 shares of the iPhone maker’s stock worth $11,856,000 after acquiring an additional 176 shares in the last quarter. Freedom Day Solutions LLC raised its stake in shares of Apple by 2.8% during the third quarter. Freedom Day Solutions LLC now owns 44,376 shares of the iPhone maker’s stock worth $14,778,000 after acquiring an additional 1,227 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Apple by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,406,363 shares of the iPhone maker’s stock worth $801,367,000 after acquiring an additional 38,186 shares during the last quarter. Finally, Midway Capital Research & Management lifted its holdings in shares of Apple by 3.5% in the 3rd quarter. Midway Capital Research & Management now owns 26,933 shares of the iPhone maker’s stock worth $8,969,000 after acquiring an additional 908 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Shares of Apple stock opened at $344.17 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.93. The business’s 50 day simple moving average is $335.46 and its two-hundred day simple moving average is $298.03. The stock has a market capitalization of $5.00 trillion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 3.30 and a beta of 1.07. Apple Inc. has a one year low of $243.42 and a one year high of $355.38.

Apple (NASDAQ:AAPL) last announced 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 firm had revenue of $114.48 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.85 earnings per share. Analysts forecast that Apple Inc. will post 9.64 EPS for the current year.

Apple Announces Dividend

The company also recently announced 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. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple’s payout ratio is presently 12.39%.

Insider Activity

In related news, SVP Deirdre O’brien sold 46,389 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the sale, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. This represents a 25.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares of the company’s stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 291,651 shares of company stock valued at $97,082,537 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research reports. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Barclays increased their target price on shares of Apple from $245.00 to $261.00 and gave the company an “underweight” rating in a report on Tuesday. Moffett Nathanson set a $283.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Tuesday, October 20th. China Renaissance downgraded shares of Apple from a “buy” rating to a “hold” rating and lowered their price target for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein boosted their price target on shares of Apple from $370.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $343.74.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue expectations, with revenue of $114.5 billion and solid iPhone and Mac demand. The results support the view that product demand remains healthy. Apple shares fell despite a double beat in Q4
• Positive Sentiment: Bernstein raised its price target to $380 and kept a Buy rating, citing potential upside from Apple’s business prospects. Bernstein rating and price target
• Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a bond offering. The borrowing adds financing flexibility, but the reports did not specify how proceeds would be used. Apple seeks about $7 billion from bond sale
• Negative Sentiment: Management flagged memory-chip costs that could keep rising, along with supply constraints ahead of the December quarter. These pressures may weigh on margins even as demand remains strong. Supply constraints and rising memory costs
• Negative Sentiment: Investors are also scrutinizing earnings quality: tariff refunds boosted reported profit metrics, making the underlying results less straightforward to assess. Investors revisit Apple earnings quality
• Negative Sentiment: Analyst caution and valuation concerns add to the headwinds. DZ Bank cut Apple to Sell, while coverage also points to slower Services growth and a premium share valuation. DZ Bank downgrades Apple

Apple Profile

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.