Sonata Capital Group Inc. Sells 2,899 Shares of Apple Inc. $AAPL

Sonata Capital Group Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,525 shares of the iPhone maker’s stock after selling 2,899 shares during the period. Apple accounts for 5.4% of Sonata Capital Group Inc.’s portfolio, making the stock its 2nd biggest position. Sonata Capital Group Inc.’s holdings in Apple were worth $16,826,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AAPL. State Street Corp lifted its holdings in Apple by 4.7% in the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock worth $182,897,769,000 after acquiring an additional 28,321,085 shares during the last quarter. Berkshire Hathaway Inc acquired a new position in Apple in 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 grew 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 purchasing an additional 13,780,080 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal fourth-quarter revenue of $114.48 billion, up 12% year over year and above the approximately $113.4 billion consensus estimate. Diluted EPS of $2.10 also exceeded expectations near $1.99. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Growth was led by early demand for the iPhone 18 Pro lineup, with iPhone revenue reaching $57.6 billion, up 17%, while Mac sales and Services also set records. Apple’s active installed base reached an all-time high, supporting its ecosystem and recurring-revenue outlook. Apple Q4 earnings call: Ternus breaks down excellent quarter
• Positive Sentiment: Relatively light quarterly capital spending of $2.24 billion, below the expected $3.33 billion, reinforces Apple’s cash-generation and capital-discipline story as other technology companies spend heavily on AI infrastructure. Big quarterly beats after the close
• Neutral Sentiment: The report was the first under CEO John Ternus. His defense of Apple’s measured AI strategy may appeal to investors seeking profitable, product-focused AI development, but it leaves the company with less visible AI investment than major rivals.
• Negative Sentiment: China revenue fell short of projections, while iPad and Wearables, Home and Accessories sales missed estimates. These weaknesses offset the iPhone and Mac strength and raised concerns about regional and product-line momentum. New CEO John Ternus delivers an Apple earnings beat
• Negative Sentiment: Memory-chip inflation and component shortages threaten future gross margins. Apple’s inventory rose from $11.09 billion to $14.54 billion during the quarter, suggesting the company is stockpiling components but also tying up more cash. Apple inventory surges as memory chip costs climb
• Negative Sentiment: EPS benefited from a roughly $0.05-per-share tariff refund, and gross margin received an approximately one-percentage-point boost. Investors may therefore view part of the earnings beat as one-time rather than purely operational. Apple reports fourth quarter results

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AAPL shares. Loop Capital cut Apple from a “buy” rating to a “hold” rating and dropped their price target for the stock from $370.00 to $330.00 in a research report on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft lowered Apple from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. DZ Bank cut Apple from a “buy” rating to a “hold” rating and set a $310.00 target price on the stock. in a research note on Tuesday, August 4th. DA Davidson reiterated a “neutral” rating and issued a $270.00 target price on shares of Apple in a research note on Wednesday, September 2nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Apple in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $340.49.

Insiders Place Their Bets

In related news, insider Timothy D. Cook sold 191,753 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider owned 3,264,168 shares of the company’s stock, valued at $1,086,837,377.28. This represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the transaction, the senior vice president owned 41,992 shares of the company’s stock, valued at $14,116,870.56. This represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 289,252 shares of company stock worth $96,301,063. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $338.32 on Tuesday. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $351.73. The company has a market cap of $4.94 trillion, a PE ratio of 38.80, a P/E/G ratio of 2.72 and a beta of 1.07. The stock has a 50 day simple moving average of $333.62 and a 200-day simple moving average of $296.77. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL) last posted its 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 firm had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $1.85 EPS. On average, equities research analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

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.