Apple Inc. $AAPL Stake Trimmed by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 12.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,073 shares of the iPhone maker’s stock after selling 2,234 shares during the quarter. Apple makes up approximately 1.4% of New Wave Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest position. New Wave Wealth Advisors LLC’s holdings in Apple were worth $5,485,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. State Street Corp grew its position in Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock valued at $182,897,769,000 after buying an additional 28,321,085 shares during the period. Berkshire Hathaway Inc purchased a new position in Apple in the second quarter valued at $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple in the second quarter worth about $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple in the second quarter worth about $30,443,242,000. Finally, Amundi raised its position in shares of Apple by 23.2% in the first 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. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal fourth-quarter revenue of $114.48 billion, up 12% year over year and above the approximately $113.4 billion consensus estimate. Diluted EPS of $2.10 also exceeded expectations near $1.99. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Growth was led by early demand for the iPhone 18 Pro lineup, with iPhone revenue reaching $57.6 billion, up 17%, while Mac sales and Services also set records. Apple’s active installed base reached an all-time high, supporting its ecosystem and recurring-revenue outlook. Apple Q4 earnings call: Ternus breaks down excellent quarter
• Positive Sentiment: Relatively light quarterly capital spending of $2.24 billion, below the expected $3.33 billion, reinforces Apple’s cash-generation and capital-discipline story as other technology companies spend heavily on AI infrastructure. Big quarterly beats after the close
• Neutral Sentiment: The report was the first under CEO John Ternus. His defense of Apple’s measured AI strategy may appeal to investors seeking profitable, product-focused AI development, but it leaves the company with less visible AI investment than major rivals.
• Negative Sentiment: China revenue fell short of projections, while iPad and Wearables, Home and Accessories sales missed estimates. These weaknesses offset the iPhone and Mac strength and raised concerns about regional and product-line momentum. New CEO John Ternus delivers an Apple earnings beat
• Negative Sentiment: Memory-chip inflation and component shortages threaten future gross margins. Apple’s inventory rose from $11.09 billion to $14.54 billion during the quarter, suggesting the company is stockpiling components but also tying up more cash. Apple inventory surges as memory chip costs climb
• Negative Sentiment: EPS benefited from a roughly $0.05-per-share tariff refund, and gross margin received an approximately one-percentage-point boost. Investors may therefore view part of the earnings beat as one-time rather than purely operational. Apple reports fourth quarter results

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AAPL shares. CICC Research raised their target price on Apple from $310.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Evercore restated an “outperform” rating on shares of Apple in a research note on Tuesday, October 27th. Phillip Securities upped their price target on Apple from $290.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. Citic Securities increased their price target on Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Finally, Seaport Research Partners lowered Apple from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $340.49.

Apple Trading Down 1.8%

Shares of AAPL opened at $338.32 on Tuesday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The stock has a market cap of $4.94 trillion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. The firm’s fifty day moving average is $333.62 and its two-hundred day moving average is $296.77. 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 issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating analysts’ consensus estimates 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 27.62% and a return on equity of 135.46%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 earnings per share. Research analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $343.36, for a total transaction of $823,720.64. Following the transaction, the senior vice president directly owned 32,396 shares in the company, valued at $11,123,490.56. The trade was a 6.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 46,389 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 289,252 shares of company stock worth $96,301,063 in the last 90 days. 0.06% of the stock is owned by insiders.

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.