Apple Inc. $AAPL Stock: Integrated Advisors Network LLC Lowers Holdings

Integrated Advisors Network LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 227,264 shares of the iPhone maker’s stock after selling 10,909 shares during the quarter. Apple makes up about 3.5% of Integrated Advisors Network LLC’s investment portfolio, making the stock its 2nd biggest position. Integrated Advisors Network LLC’s holdings in Apple were worth $75,684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sterling Wealth Management Inc. grew its holdings in Apple by 0.3% in the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock valued at $3,351,000 after buying an additional 30 shares during the period. Thor Investment Management Inc. OH ADV boosted its stake in Apple by 1.6% during the third quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock worth $637,000 after acquiring an additional 30 shares in the last quarter. Evansbrook LLC raised its holdings in Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after buying an additional 34 shares during the last quarter. JMG Financial Group Ltd. increased its holdings in Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after acquiring an additional 35 shares in the last quarter. Finally, Wealth Forward LLC boosted its stake in Apple by 0.3% in the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock valued at $4,438,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Key Headlines Impacting Apple

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 Buying and Selling

In related news, CEO John Ternus sold 25,412 shares of the company’s 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 completion of the sale, the chief executive officer owned 59,567 shares in the company, valued at $19,832,236.98. This represents a 29.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,392 shares of the company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.05, for a total transaction of $480,309.60. Following the completion of the transaction, the chief financial officer owned 17,539 shares of the company’s stock, valued at $6,051,831.95. This trade represents a 7.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 291,651 shares of company stock worth $97,082,537 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on AAPL shares. Citic Securities boosted their price target on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Robert W. Baird set a $340.00 price objective on Apple and gave the company an “outperform” rating in a research note on Tuesday. Finally, Seaport Research Partners lowered Apple from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $343.74.

Apple Trading Down 0.5%

Shares of NASDAQ AAPL opened at $342.37 on Friday. The firm has a market cap of $5.00 trillion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. The business has a fifty day simple moving average of $336.01 and a two-hundred day simple moving average of $298.50. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $355.38. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. Apple had a return on equity of 128.88% and a net margin of 27.60%. The company had revenue of $114.48 billion during the quarter, compared to analysts’ expectations of $113.40 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts expect that Apple Inc. will post 9.70 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company 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 $0.27 dividend. 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 payout ratio is presently 12.04%.

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.