1,486 Apple Inc. $AAPL Shares Sold by North Capital Inc.

North Capital Inc. lessened its position in Apple Inc. (NASDAQ:AAPL) by 8.5% during the third quarter, Holdings Channel reports. The fund owned 15,918 shares of the iPhone maker’s stock after selling 1,486 shares during the period. Apple comprises 3.9% of North Capital Inc.’s holdings, making the stock its 7th biggest holding. North Capital Inc.’s holdings in Apple were worth $5,432,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Prospect Hill Management LLC bought a new stake in Apple in the second quarter worth $146,370,000. Focus Partners Advisor Solutions LLC purchased a new stake in Apple during the second quarter valued at about $168,646,000. Wealthfront Advisers LLC purchased a new stake in Apple during the second quarter valued at about $482,388,000. Satovsky Asset Management LLC bought a new position in shares of Apple during the second quarter valued at about $16,064,000. Finally, Gouws Capital LLC grew its stake in shares of Apple by 136.9% during the third quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock valued at $12,490,000 after buying an additional 21,676 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

AAPL stock opened at $348.91 on Friday. The firm’s 50-day moving average price is $332.37 and its two-hundred day moving average price is $295.96. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $351.73. The stock has a market capitalization of $5.09 trillion, a price-to-earnings ratio of 40.01, a PEG ratio of 2.72 and a beta of 1.07. 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 issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain optimistic ahead of earnings, citing strong demand for Apple’s new iPhone Duo, continued Services growth and potential AI-related momentum. Options activity also points to expectations for a post-earnings rally. Apple’s Q4 Earnings Loom
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating, while Monness raised its price target to $355. Apple is also attracting attention as it approaches Nvidia in market capitalization, with revenue growth described as its fastest in about five years. Apple Stock Heads Toward All-Time High
• Positive Sentiment: Apple launched its first touchscreen MacBook Pro, featuring OLED displays and M5 Pro and M5 Max chips. The move expands the Mac product cycle and could support higher average selling prices, despite the premium starting price. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Forty-seven exchange-traded funds added to their Apple holdings, indicating continued institutional demand, although the purchases do not necessarily signal near-term changes in fundamentals. 47 ETFs Add to Apple Holdings
• Negative Sentiment: Investors face margin and valuation concerns. AI-driven flash-memory demand has sharply increased component costs, while Apple’s roughly 40-times earnings multiple leaves limited room for disappointing guidance. AI Has Made Flash Memory More Expensive
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million over alleged unfair app-payment practices. Early reports of cracked iPhone Duo screens and an executive stock sale add smaller sources of investor caution. South Korea Fines Google and Apple

Wall Street Analyst Weigh In

Several research analysts have recently commented on AAPL shares. Citic Securities lifted their price objective on Apple from $300.00 to $349.00 in a report on Thursday, August 6th. Monness Crespi & Hardt restated a “buy” rating and set a $355.00 target price on shares of Apple in a report on Wednesday. DZ Bank lowered Apple from a “buy” rating to a “hold” rating and set a $310.00 price target on the stock. in a research report on Tuesday, August 4th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apple in a research note on Thursday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $340.59.

Insiders Place Their Bets

In other news, insider Ben Borders sold 1,280 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the transaction, the insider directly owned 38,288 shares of the company’s stock, valued at approximately $13,224,675.20. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $343.36, for a total value of $823,720.64. Following the transaction, the senior vice president owned 32,396 shares of the company’s stock, valued at approximately $11,123,490.56. This represents a 6.89% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 289,252 shares of company stock worth $96,301,063. Insiders own 0.06% of the company’s stock.

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.