29,770 Apple Inc. $AAPL Shares Acquired by Cadinha & Co. LLC

Cadinha & Co. LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 102.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 58,917 shares of the iPhone maker’s stock after buying an additional 29,770 shares during the period. Apple comprises approximately 3.2% of Cadinha & Co. LLC’s holdings, making the stock its 15th largest position. Cadinha & Co. LLC’s holdings in Apple were worth $19,621,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Avenir Tech Ltd bought a new position in Apple during the 2nd quarter valued at $29,000. Ironwood Wealth Management Inc. bought a new stake in shares of Apple in the 3rd quarter worth $34,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Apple in the second quarter valued at $30,000. ABS Investment Management LLC acquired a new stake in shares of Apple in the second quarter valued at $376,168,000. Finally, Bamco Inc. NY bought a new position in Apple during the second quarter valued at about $118,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple has held up better than many Big Tech peers and recently reached record territory, with investors appearing to favor its restrained AI infrastructure spending compared with peers’ heavy investment. That approach may help preserve cash and margins, though it also raises questions about its AI competitiveness. Apple Is Holding Strong While Big Tech Sells Off. Is It Next?
• Positive Sentiment: Apple Intelligence cleared a regulatory step for use on tablets and laptops in China, potentially expanding the service’s reach in a key market. Apple Intelligence registers with Chinese regulator
• Neutral Sentiment: Apple is reportedly holding capital spending steady while rivals accelerate AI infrastructure investment. This could support cash generation, but investors may also question whether the company is investing enough to keep pace in AI. Apple holds capex steady as peers accelerate AI infrastructure buildout
• Negative Sentiment: Binance warned that an iOS vulnerability could allow malicious apps to access data from other apps, potentially exposing crypto-wallet keys and credentials. Uncertainty over affected versions and whether updates resolve the flaw could create security and reputational concerns. Binance warns iOS flaw could expose crypto wallet keys
• Negative Sentiment: Reports of worker deaths at an Indian supplier and an ensuing investigation raise potential supply-chain, operational and reputational risks as Apple expands manufacturing in India. Apple faces major supplier investigation after 3 worker deaths
• Negative Sentiment: Valuation concerns and a reported memory-cost squeeze could pressure expectations. KeyCorp also cut its fiscal 2027 EPS forecast to $8.34 from $9.08 and maintains an Underweight rating with a $250 price target, well below the consensus forecast cited in the report. Apple Is Above $5 Trillion After Its First-Ever Close Above $350

Analyst Ratings Changes

AAPL has been the topic of a number of research analyst reports. Weiss Ratings raised Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Guggenheim set a $400.00 price target on shares of Apple in a report on Tuesday, November 3rd. Wells Fargo & Company restated an “overweight” rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Thursday, October 1st. Finally, Daiwa Securities Group boosted their target price on shares of Apple from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $343.74.

Apple Trading Down 0.6%

Shares of NASDAQ AAPL opened at $348.56 on Wednesday. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.38. The company has a market cap of $5.07 trillion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 3.38 and a beta of 1.07. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $337.27 and a 200-day simple moving average of $299.52.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. The firm had revenue of $114.48 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. Sell-side analysts predict that Apple Inc. will post 9.44 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple’s dividend payout ratio (DPR) is 12.04%.

Insider Buying and Selling at Apple

In related news, CFO Kevan Parekh sold 1,392 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the transaction, the chief financial officer owned 17,539 shares of the company’s stock, valued at approximately $6,051,831.95. This trade represents a 7.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 business’s stock in a transaction 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 sale, the senior vice president directly owned 29,997 shares in the company, valued at approximately $9,771,522.75. This trade represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 290,212 shares of company stock valued at $96,639,685 over the last three months. 0.06% of the stock is owned by insiders.

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.