Apple Inc. $AAPL Shares Sold by Grandview Asset Management LLC

Grandview Asset Management LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 35.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,545 shares of the iPhone maker’s stock after selling 24,390 shares during the period. Apple accounts for about 4.1% of Grandview Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Grandview Asset Management LLC’s holdings in Apple were worth $14,834,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Investment Research Partners LLC lifted its holdings in Apple by 0.7% during the third quarter. Investment Research Partners LLC now owns 29,618 shares of the iPhone maker’s stock valued at $9,863,000 after purchasing an additional 219 shares in the last quarter. Smithbridge Asset Management Inc. DE boosted its position in shares of Apple by 1.0% in the third quarter. Smithbridge Asset Management Inc. DE now owns 126,419 shares of the iPhone maker’s stock worth $42,100,000 after purchasing an additional 1,231 shares during the period. Retirement Planning Group LLC boosted its position in shares of Apple by 556.2% in the third quarter. Retirement Planning Group LLC now owns 1,056,547 shares of the iPhone maker’s stock worth $351,851,000 after purchasing an additional 895,540 shares during the period. Secure Asset Management LLC increased its stake in shares of Apple by 11.7% in the third quarter. Secure Asset Management LLC now owns 66,699 shares of the iPhone maker’s stock worth $22,212,000 after purchasing an additional 6,977 shares in the last quarter. Finally, Worth Financial Advisory Group LLC increased its stake in shares of Apple by 0.3% in the third quarter. Worth Financial Advisory Group LLC now owns 28,668 shares of the iPhone maker’s stock worth $9,547,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Up 5.3%

Shares of AAPL opened at $349.51 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.93. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $354.50. The company has a 50 day simple moving average of $334.84 and a two-hundred day simple moving average of $297.58. The firm has a market cap of $5.10 trillion, a P/E ratio of 38.96, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The firm had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. During the same quarter last year, the business posted $1.85 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts expect that Apple Inc. will post 9.61 earnings per share for the current fiscal year.

Apple Announces Dividend

The business 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 dividend of $0.27 per share. 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 (DPR) is presently 12.39%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AAPL shares. DZ Bank downgraded shares of Apple from a “hold” rating to a “sell” rating and set a $300.00 price objective on the stock. in a research report on Wednesday. The Goldman Sachs Group set a $380.00 target price on shares of Apple in a report on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research note on Thursday, October 29th. Melius Research set a $370.00 price target on Apple in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut Apple from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $343.51.

Insider Buying and Selling

In other Apple news, CEO John Ternus sold 25,412 shares of Apple stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. The trade was a 29.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O’brien sold 46,389 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was 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 owned 136,810 shares in the company, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 289,252 shares of company stock worth $96,301,063 in the last 90 days. 0.06% of the stock is owned by company insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Post-election relief helped lift major technology stocks, including Apple, as investors saw reduced near-term uncertainty. CNBC article
• Positive Sentiment: Apple reached a record high amid signs of renewed demand. Investors are also weighing the rollout of Apple Intelligence in China, which could help close a competitive gap in a major market. Invezz article
• Neutral Sentiment: Apple is reducing employee budgets for AI tools as it seeks to manage expenses, while reported research costs have climbed 32%. Cost control may help, but the spending trend underscores the expense of competing in AI. Reuters article
• Negative Sentiment: Rising memory prices remain a key risk to profitability: Apple expects higher component costs to pressure holiday-quarter gross margins, and its manufacturing purchase commitments have increased. MarketBeat article
• Negative Sentiment: Valuation and margin concerns persist despite the rally; DZ Bank downgraded Apple to sell, citing a $300 price target. MarketBeat ratings

About Apple

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.