Apple Inc. $AAPL Shares Newly Purchased by Sawyer & Company Inc

Sawyer & Company Inc acquired a new stake in Apple Inc. (NASDAQ:AAPL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 49,321 shares of the iPhone maker’s stock, valued at approximately $16,425,000. Apple accounts for 5.5% of Sawyer & Company Inc’s portfolio, making the stock its 3rd biggest holding.

Several other hedge funds also recently bought and sold shares of AAPL. Prospect Hill Management LLC purchased a new position in shares of Apple during the second quarter worth about $146,370,000. Focus Partners Advisor Solutions LLC bought a new stake in Apple during the second quarter worth about $168,646,000. Wealthfront Advisers LLC bought a new stake in Apple during the second quarter worth about $482,388,000. Satovsky Asset Management LLC purchased a new position in shares of Apple in the 2nd quarter worth about $16,064,000. Finally, Gouws Capital LLC boosted its holdings in shares of Apple by 136.9% in the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock worth $12,490,000 after purchasing an additional 21,676 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Down 0.5%

Shares of AAPL stock opened at $342.37 on Friday. The stock has a market capitalization of $4.98 trillion, a PE ratio of 38.17, a P/E/G ratio of 3.21 and a beta of 1.07. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $355.38. The business has a 50-day moving average of $336.01 and a 200 day moving average of $298.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping 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 for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $1.85 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 9.68 earnings per share for the current year.

Apple Dividend Announcement

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 issued a $0.27 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is currently 12.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research report on Thursday, September 10th. Raymond James Financial reiterated a “market perform” rating on shares of Apple in a research report on Tuesday. UBS Group reissued a “neutral” rating and set a $340.00 price target (up from $296.00) on shares of Apple in a research note on Tuesday. Sanford C. Bernstein boosted their price objective on shares of Apple from $370.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Maxim Group boosted their price objective on shares of Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $343.74.

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president owned 41,992 shares of the company’s stock, valued at $14,116,870.56. This represents a 5.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 46,389 shares of the firm’s 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 completion of the sale, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their position. 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 sold 291,651 shares of company stock valued at $97,082,537 in the last three months. 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

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.