Apple Inc. $AAPL Shares Sold by Studio Investment Management LLC

Studio Investment Management LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,370 shares of the iPhone maker’s stock after selling 3,512 shares during the quarter. Apple makes up 1.8% of Studio Investment Management LLC’s portfolio, making the stock its 12th biggest holding. Studio Investment Management LLC’s holdings in Apple were worth $10,447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sterling Wealth Management Inc. raised its position in shares of Apple by 0.3% during the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock valued at $3,351,000 after buying an additional 30 shares during the last quarter. Thor Investment Management Inc. OH ADV lifted its holdings in shares of Apple by 1.6% in the third quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock worth $637,000 after buying an additional 30 shares in the last quarter. Evansbrook LLC lifted its holdings in shares of Apple by 0.4% in the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. boosted its position in shares of Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after acquiring an additional 35 shares during the last quarter. Finally, Wealth Forward LLC boosted its position in shares of Apple by 0.3% during the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock worth $4,438,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other news, CFO Kevan Parekh sold 1,392 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.05, for a total transaction of $480,309.60. Following the sale, the chief financial officer directly owned 17,539 shares in the company, valued at approximately $6,051,831.95. This represents a 7.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares of the company’s stock, valued at approximately $19,832,236.98. The trade was a 29.90% decrease in their position. 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. Over the last 90 days, insiders sold 290,212 shares of company stock worth $96,639,685. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 2.0%

AAPL stock opened at $355.63 on Thursday. The firm has a fifty day moving average price of $337.88 and a 200 day moving average price of $300.06. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $355.91. The firm has a market cap of $5.17 trillion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 3.35 and a beta of 1.07. 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 (NASDAQ:AAPL) last released its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The company had revenue of $114.48 billion for the quarter, compared to the consensus estimate of $113.40 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. Apple’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 9.45 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s payout ratio is 12.04%.

Key Stories Impacting Apple

Investors following AAPL have been watching these stories:

• 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.
• Negative Sentiment: Some analysts and commentators argue the shares look expensive after a strong run, raising the risk that high expectations could limit further gains if growth or margins disappoint. Apple shares look expensive heading into 2027

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. Oppenheimer reaffirmed a “market perform” rating on shares of Apple in a research note on Thursday, September 10th. Bank of America reiterated a “buy” rating and issued a $370.00 price target on shares of Apple in a report on Wednesday, September 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Moffett Nathanson set a $283.00 price objective on shares of Apple and gave the company a “neutral” rating in a report on Tuesday, October 20th. Finally, Daiwa Securities Group raised their price objective on Apple from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $347.11.

Apple 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.