Root Financial Partners LLC Purchases 7,151 Shares of Apple Inc. $AAPL

Root Financial Partners LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 133,250 shares of the iPhone maker’s stock after purchasing an additional 7,151 shares during the quarter. Apple comprises 1.5% of Root Financial Partners LLC’s holdings, making the stock its 17th biggest position. Root Financial Partners LLC’s holdings in Apple were worth $44,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Carter Financial Group INC. lifted its position in Apple by 0.3% during the 3rd quarter. Carter Financial Group INC. now owns 22,476 shares of the iPhone maker’s stock valued at $7,485,000 after purchasing an additional 71 shares during the period. Precedent Wealth Partners LLC boosted its stake in shares of Apple by 11.5% in the 3rd quarter. Precedent Wealth Partners LLC now owns 29,907 shares of the iPhone maker’s stock valued at $9,960,000 after purchasing an additional 3,076 shares during the last quarter. Cadinha & Co. LLC grew its position in shares of Apple by 102.1% during the 3rd quarter. Cadinha & Co. LLC now owns 58,917 shares of the iPhone maker’s stock worth $19,621,000 after buying an additional 29,770 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of Apple by 0.6% during the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 113,757 shares of the iPhone maker’s stock worth $37,883,000 after buying an additional 635 shares during the last quarter. Finally, JSF Financial LLC raised its stake in shares of Apple by 2.0% during the third quarter. JSF Financial LLC now owns 84,132 shares of the iPhone maker’s stock worth $28,018,000 after buying an additional 1,635 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Kevan Parekh sold 1,392 shares of Apple 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 transaction, the chief financial officer directly 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 document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ben Borders sold 1,280 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the transaction, the insider directly owned 38,288 shares of the company’s stock, valued at $13,224,675.20. This trade represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 290,212 shares of company stock valued at $96,639,685. 0.06% of the stock is owned by company insiders.

Key Stories Impacting Apple

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. DZ Bank lowered shares of Apple from a “hold” rating to a “sell” rating and set a $300.00 price objective on the stock. in a report on Wednesday, November 4th. Piper Sandler started coverage on shares of Apple in a research note on Monday, August 17th. They issued an “overweight” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Apple in a report on Thursday, September 10th. The Goldman Sachs Group set a $380.00 target price on shares of Apple in a research report on Wednesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft downgraded Apple from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $343.74.

Apple Stock Performance

Shares of AAPL stock opened at $348.56 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market cap of $5.07 trillion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 3.38 and a beta of 1.07. The stock has a 50-day moving average of $337.27 and a 200-day moving average of $299.52. 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 results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The business had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. During the same period last year, the company posted $1.85 EPS. Apple’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that Apple Inc. will post 9.44 earnings per share for the current year.

Apple Announces Dividend

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

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.