Apple Inc. $AAPL Stake Raised by Yardley Wealth Management LLC

Yardley Wealth Management LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 151.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,080 shares of the iPhone maker’s stock after acquiring an additional 2,458 shares during the period. Apple accounts for about 0.6% of Yardley Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding. Yardley Wealth Management LLC’s holdings in Apple were worth $1,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolff Financial Management LLC raised its position in shares of Apple by 1.2% in the 3rd quarter. Wolff Financial Management LLC now owns 17,660 shares of the iPhone maker’s stock worth $5,881,000 after buying an additional 215 shares during the period. Code Waechter LLC boosted its holdings in Apple by 8.0% in the third quarter. Code Waechter LLC now owns 9,554 shares of the iPhone maker’s stock valued at $3,182,000 after acquiring an additional 704 shares during the last quarter. Bernardo Wealth Planning LLC boosted its holdings in Apple by 97.2% in the third quarter. Bernardo Wealth Planning LLC now owns 82,330 shares of the iPhone maker’s stock valued at $27,418,000 after acquiring an additional 40,581 shares during the last quarter. MN Wealth Advisors LLC grew its position in Apple by 3.2% during the third quarter. MN Wealth Advisors LLC now owns 14,965 shares of the iPhone maker’s stock valued at $4,984,000 after acquiring an additional 459 shares during the period. Finally, Tarbox Family Office Inc. grew its position in Apple by 2.8% during the third quarter. Tarbox Family Office Inc. now owns 23,477 shares of the iPhone maker’s stock valued at $7,818,000 after acquiring an additional 631 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In related 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the transaction, the chief executive officer owned 59,567 shares of the company’s stock, valued at approximately $19,832,236.98. This represents a 29.90% 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. In the last quarter, insiders sold 292,611 shares of company stock worth $97,482,597. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on AAPL. Guggenheim set a $400.00 price target on Apple in a research note on Tuesday, November 3rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Daiwa Securities Group boosted their target price on Apple from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Citigroup reissued a “buy” rating on shares of Apple in a research report on Thursday, September 10th. Finally, Citic Securities increased their target price on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $347.11.

Apple Stock Up 0.4%

Apple stock traded up $1.39 during trading on Friday, reaching $356.27. 39,967,159 shares of the company’s stock were exchanged, compared to its average volume of 48,203,272. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $360.83. The firm has a market cap of $5.18 trillion, a price-to-earnings ratio of 39.72, a PEG ratio of 3.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 1.02. The company’s 50-day moving average is $339.04 and its two-hundred day moving average is $301.05.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.99 by $0.11. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $1.85 earnings per share. On average, analysts predict that Apple Inc. will post 9.45 earnings per share for the current 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 issued 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 is Thursday, November 12th. Apple’s dividend payout ratio (DPR) is presently 12.04%.

Top Apple Stories

Here are a few of the latest stories about AAPL:

• Positive Sentiment: Bernstein cited Apple’s relatively defensive business as a safe haven amid an AI-sector selloff, helping attract investors as Nvidia weakness put pressure on technology stocks. Apple stock gains as Bernstein highlights safe-haven appeal
• Neutral Sentiment: HomeView is not launching in the EU because Siri AI is unavailable there, and early coverage has questioned Siri’s readiness. This could constrain the device’s initial reach and reception. HomeView launch coverage
• Negative Sentiment: Valuation remains a key risk: analysts have warned Apple trades at a premium, and views are divided, including a DZ Bank downgrade to Sell. A senior vice president also continued a pattern of scheduled share sales, a modest potential overhang. Apple valuation analysis

Apple Company Profile

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.