66,482 Apple Inc. $AAPL Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,785,878 shares of the iPhone maker’s stock after selling 66,482 shares during the quarter. Apple makes up 3.6% of Nisa Investment Advisors LLC’s holdings, making the stock its 3rd biggest position. Nisa Investment Advisors LLC’s holdings in Apple were worth $1,260,773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Avenir Tech Ltd acquired a new position in shares of Apple during the 2nd quarter worth about $29,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Apple in the 2nd quarter valued at about $30,000. Ironwood Wealth Management Inc. acquired a new stake in Apple in the 3rd quarter valued at about $34,000. Ascentis Wealth Management LLC lifted its stake in Apple by 822.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker’s stock valued at $85,000 after purchasing an additional 260,792 shares during the last quarter. Finally, Bamco Inc. NY bought a new position in Apple during the second quarter worth about $118,000. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of AAPL stock traded down $1.80 during midday trading on Friday, hitting $342.37. 44,660,992 shares of the company were exchanged, compared to its average volume of 41,928,536. The firm has a market capitalization of $5.00 trillion, a P/E ratio of 38.17, a PEG ratio of 2.82 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm’s 50 day moving average price is $336.01 and its two-hundred day moving average price is $298.50. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $355.38.

Apple (NASDAQ:AAPL) last announced its quarterly 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 for the quarter, compared to analyst estimates of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 128.88%. Apple’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 EPS. As a group, equities research analysts anticipate that Apple Inc. will post 9.70 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared 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 yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple’s dividend payout ratio (DPR) is presently 12.04%.

Trending Headlines about 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 at Apple

In other Apple news, SVP Deirdre O’brien sold 46,389 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the transaction, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. The transaction was disclosed in a 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, CEO John Ternus sold 25,412 shares of Apple stock in a transaction 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 sale, the chief executive officer directly owned 59,567 shares of the company’s stock, valued at $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. Insiders sold a total of 291,651 shares of company stock worth $97,082,537 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of Apple in a research report on Thursday, September 10th. Evercore reaffirmed an “outperform” rating on shares of Apple in a research report on Tuesday, October 27th. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the company a “buy” rating in a research report on Monday, August 17th. CICC Research lifted their target price on Apple from $310.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a report on Friday, July 31st. Two 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $343.74.

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.