Apple Inc. $AAPL Shares Sold by Arnold Financial Planning LLC

Arnold Financial Planning LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 12.0% during the 3rd quarter, Holdings Channel reports. The firm owned 15,739 shares of the iPhone maker’s stock after selling 2,146 shares during the quarter. Apple makes up approximately 3.6% of Arnold Financial Planning LLC’s holdings, making the stock its 11th largest holding. Arnold Financial Planning LLC’s holdings in Apple were worth $5,241,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Apple by 4.7% during the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock worth $182,897,769,000 after purchasing an additional 28,321,085 shares during the period. Berkshire Hathaway Inc purchased a new stake in shares of Apple during the 2nd quarter worth $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple during the second quarter worth $36,986,090,000. Legal & General Group Plc purchased a new stake in shares of Apple during the second quarter worth about $30,443,242,000. Finally, Amundi boosted its position in Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue estimates, with solid iPhone and Mac demand. Apple also says more apps optimized for its new foldable iPhone are coming, potentially improving the product’s appeal. Apple earnings beat
• Positive Sentiment: Apple has held up better than many chipmakers amid the AI-stock sell-off, and Bernstein raised its price target to $380 while maintaining a Buy rating. This relative strength may support investor sentiment. Apple holds up amid market weakness
• Neutral Sentiment: Apple is reportedly seeking about $7.5 billion through a bond offering. The financing provides flexibility, though the reports do not specify its use. The company is also limiting some employees’ AI-tool budgets, a move that could help control costs but raises questions about its internal AI investment. Apple bond sale report
• Negative Sentiment: Management warned of unprecedented memory-chip costs and supply constraints heading into the holiday quarter, putting gross margins at risk despite healthy demand. Investors are also weighing slower Services growth and Apple’s premium valuation. Memory costs and supply constraints

Insider Activity

In other news, CEO John Ternus sold 25,412 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was 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 $19,832,236.98. This trade represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the sale, the insider directly owned 3,264,168 shares of the company’s stock, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 291,651 shares of company stock worth $97,082,537. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $342.37 on Friday. The firm has a market capitalization of $5.00 trillion, a price-to-earnings ratio of 38.17, a PEG ratio of 2.82 and a beta of 1.07. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.38. The business’s 50-day moving average price is $336.01 and its 200-day moving average price is $298.50. 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 released its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a return on equity of 128.88% and a net margin of 27.60%. The firm had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 9.70 EPS for the current year.

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AAPL shares. KeyCorp reiterated an “underweight” rating and issued a $250.00 target price on shares of Apple in a research note on Tuesday. Bank of America reiterated a “buy” rating and set a $370.00 price objective on shares of Apple in a research report on Wednesday, September 23rd. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and reduced their target price for the company from $370.00 to $330.00 in a report on Tuesday, October 20th. UBS Group restated a “neutral” rating and set a $340.00 target price (up from $296.00) on shares of Apple in a report on Tuesday. Finally, Robert W. Baird set a $340.00 price target on Apple and gave the company an “outperform” rating in a research report on Tuesday. Two 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $343.74.

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.