Strategic Planning Group LLC Sells 10,171 Shares of Apple Inc. $AAPL

Strategic Planning Group LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 7.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 130,525 shares of the iPhone maker’s stock after selling 10,171 shares during the quarter. Apple accounts for about 4.5% of Strategic Planning Group LLC’s holdings, making the stock its 4th largest holding. Strategic Planning Group LLC’s holdings in Apple were worth $43,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Avenir Tech Ltd bought a new stake in shares of Apple in the 2nd quarter worth approximately $29,000. Ironwood Wealth Management Inc. purchased a new stake in shares of Apple in the 3rd quarter valued at $34,000. Longfellow Investment Management Co. LLC bought a new position in shares of Apple during the 2nd quarter valued at $30,000. ABS Investment Management LLC bought a new position in shares of Apple during the 2nd quarter valued at $376,168,000. Finally, Bamco Inc. NY purchased a new position in Apple in the 2nd quarter worth $118,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.6%

Shares of NASDAQ AAPL opened at $348.56 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $355.38. The firm’s fifty day moving average is $337.27 and its 200 day moving average is $299.52. The company has a market cap of $5.07 trillion, a price-to-earnings ratio of 38.86, a PEG ratio of 3.38 and a beta of 1.07.

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 the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion during the quarter, compared to analysts’ expectations of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 EPS. On average, equities research analysts expect that Apple Inc. will post 9.44 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders 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 dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple’s dividend payout ratio is 12.04%.

Insider Activity

In other news, CEO John Ternus sold 25,412 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the sale, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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, October 6th. The stock was sold at an average price of $332.01, for a total transaction of $796,491.99. Following the sale, the senior vice president owned 39,593 shares of the company’s stock, valued at approximately $13,145,271.93. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 290,212 shares of company stock valued at $96,639,685. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. 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, November 4th. The Goldman Sachs Group set a $380.00 price objective on Apple in a research note on Wednesday, November 4th. Maxim Group lifted their price objective on Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the stock a “buy” rating in a report on Monday, August 17th. Finally, HSBC reissued a “buy” rating on shares of Apple in a research note on Tuesday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $343.74.

Key Apple News

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

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.