Apple Inc. $AAPL Stock: Yousif Capital Management LLC Trims Stake

Yousif Capital Management LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,462,052 shares of the iPhone maker’s stock after selling 11,550 shares during the quarter. Apple accounts for approximately 5.3% of Yousif Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Yousif Capital Management LLC’s holdings in Apple were worth $486,893,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp increased its holdings in Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock worth $182,897,769,000 after buying an additional 28,321,085 shares during the last quarter. Berkshire Hathaway Inc purchased a new position in Apple in the second quarter valued at about $65,950,297,000. Bank of America Corp DE purchased a new position in Apple in the second quarter valued at about $36,986,090,000. Legal & General Group Plc purchased a new position in Apple in the second quarter valued at about $30,443,242,000. Finally, Amundi boosted its stake in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

AAPL opened at $355.63 on Thursday. The company has a market capitalization of $5.17 trillion, a price-to-earnings ratio of 39.65, a PEG ratio of 3.35 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 firm has a 50-day moving average price of $337.88 and a 200-day moving average price of $300.06. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $355.91.

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, beating the consensus estimate of $1.99 by $0.11. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 earnings per share. Equities analysts expect that Apple Inc. will post 9.45 EPS for the current year.

Apple Dividend Announcement

The business 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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis 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 presently 12.04%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AAPL shares. TD Cowen decreased their price target on shares of Apple from $400.00 to $390.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Thursday, October 1st. Sanford C. Bernstein upped their price objective on Apple from $370.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. China Renaissance raised Apple from a “hold” rating to a “buy” rating and set a $425.00 price objective for the company in a report on Wednesday. Finally, UBS Group reissued a “neutral” rating and issued a $340.00 target price (up from $296.00) on shares of Apple in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $347.11.

Insider Buying and Selling

In other news, insider Timothy Cook sold 191,753 shares of Apple stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the transaction, the insider directly owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction on 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 trade represents a 5.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 290,212 shares of company stock valued at $96,639,685 over the last three months. Insiders own 0.06% of the company’s stock.

Apple News Summary

Here’s some of the latest news 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
• 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
• 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

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.