Apple Inc. $AAPL Stock Sold by LifeWealth Investments LLC

LifeWealth Investments LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 10.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,373 shares of the iPhone maker’s stock after selling 4,212 shares during the period. Apple makes up about 3.3% of LifeWealth Investments LLC’s holdings, making the stock its 9th largest position. LifeWealth Investments LLC’s holdings in Apple were worth $11,780,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Apple

In other news, CEO John Ternus sold 25,412 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 59,567 shares of the company’s stock, valued at $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $325.75, for a total transaction of $781,474.25. Following the transaction, the senior vice president directly owned 29,997 shares in the company, valued at $9,771,522.75. The trade was a 7.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 291,651 shares of company stock valued at $97,082,537. Corporate insiders own 0.06% of the company’s stock.

Apple News Summary

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

Apple Stock Performance

NASDAQ AAPL opened at $342.37 on Friday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $355.38. The stock has a market cap of $4.98 trillion, a price-to-earnings ratio of 38.17, a price-to-earnings-growth ratio of 3.21 and a beta of 1.07. The business has a fifty day moving average of $336.01 and a 200-day moving average of $298.50. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.61.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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 return on equity of 125.35% and a net margin of 27.60%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 earnings per share. As a group, analysts predict that Apple Inc. will post 9.68 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s payout ratio is 12.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AAPL. Monness Crespi & Hardt restated a “buy” rating and issued a $355.00 price target on shares of Apple in a research report on Wednesday, October 28th. Piper Sandler began coverage on shares of Apple in a research note on Monday, August 17th. They issued an “overweight” rating on the stock. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and lowered their price objective for the company from $370.00 to $330.00 in a research note on Tuesday, October 20th. Argus raised their target price on shares of Apple from $375.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Finally, BTIG Research began coverage on shares of Apple in a research report on Monday, August 17th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $343.74.

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.