Apple Inc. $AAPL Holdings Lifted by XXI Wealth LLC

XXI Wealth LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 8.9% in the third quarter, Holdings Channel reports. The institutional investor owned 37,673 shares of the iPhone maker’s stock after acquiring an additional 3,073 shares during the period. Apple makes up about 4.8% of XXI Wealth LLC’s portfolio, making the stock its 2nd largest position. XXI Wealth LLC’s holdings in Apple were worth $12,546,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BIP Wealth LLC raised its stake in Apple by 3.8% in the third quarter. BIP Wealth LLC now owns 125,602 shares of the iPhone maker’s stock valued at $41,828,000 after purchasing an additional 4,571 shares in the last quarter. River Street Advisors LLC lifted its position in Apple by 2.7% during the third quarter. River Street Advisors LLC now owns 33,220 shares of the iPhone maker’s stock worth $11,063,000 after purchasing an additional 869 shares during the period. MLP3 LLC lifted its position in Apple by 22.2% during the third quarter. MLP3 LLC now owns 11,567 shares of the iPhone maker’s stock worth $3,852,000 after purchasing an additional 2,101 shares during the period. Andrew Hill Investment Advisors Inc. lifted its position in Apple by 58.6% during the third quarter. Andrew Hill Investment Advisors Inc. now owns 25,586 shares of the iPhone maker’s stock worth $8,521,000 after purchasing an additional 9,449 shares during the period. Finally, Darrow Company Inc. grew its stake in Apple by 30.7% during the third quarter. Darrow Company Inc. now owns 6,221 shares of the iPhone maker’s stock worth $2,072,000 after buying an additional 1,463 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of several recent analyst reports. The Goldman Sachs Group set a $380.00 target price on shares of Apple in a report on Wednesday, November 4th. Yorkville Ives initiated coverage on shares of Apple in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $400.00 target price for the company. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. UBS Group reaffirmed a “neutral” rating and set a $340.00 price target (up from $296.00) on shares of Apple in a report on Tuesday, November 3rd. Finally, Citic Securities increased their price target on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $347.11.

Apple Price Performance

Apple stock opened at $355.63 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 1.02. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $355.91. The stock has a market capitalization of $5.17 trillion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 3.35 and a beta of 1.07. The stock has a fifty day moving average of $337.88 and a 200-day moving average of $300.06.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 125.35% and a net margin of 27.60%. Apple’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 9.45 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Trending Headlines about Apple

Here are a few of the latest headlines about AAPL:

• Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and raised its price target to $425, citing growth potential from Apple’s first foldable iPhone. The bullish outlook helped support shares. Analyst raises Apple price target to $425
• Positive Sentiment: Reports point to strong iPhone demand and a record quarterly revenue result, while the foldable iPhone could provide a new growth opportunity. A faster Siri AI roadmap may also strengthen Apple’s longer-term product story.
• Neutral Sentiment: Google is rolling out Gemini Live on Apple CarPlay, bringing another conversational AI option to iPhone users’ cars. This adds functionality to the CarPlay platform, though it also highlights competition for Apple’s own assistant. Google brings Gemini Live to Apple CarPlay

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total value of $796,491.99. Following the completion of the transaction, the senior vice president owned 39,593 shares of the company’s stock, valued at approximately $13,145,271.93. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 46,389 shares of the firm’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 transaction of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. The trade was a 25.32% 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 290,212 shares of company stock worth $96,639,685 over the last three months. 0.06% of the stock is owned by insiders.

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.