3,005 Apple Inc. $AAPL Shares Sold by NORTHSTAR ASSET MANAGEMENT Co

NORTHSTAR ASSET MANAGEMENT Co decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,789 shares of the iPhone maker’s stock after selling 3,005 shares during the quarter. Apple comprises 9.4% of NORTHSTAR ASSET MANAGEMENT Co’s holdings, making the stock its 2nd biggest position. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Apple were worth $51,870,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AAPL shares. Maxim Group raised their price objective on Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. HSBC reiterated a “buy” rating on shares of Apple in a research report on Tuesday, October 27th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $355.00 price target on shares of Apple in a report on Wednesday, October 28th. Barclays raised their price target on shares of Apple from $245.00 to $261.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 3rd. Finally, Evercore restated an “outperform” rating on shares of Apple in a research note on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $347.11.

Apple Stock Performance

NASDAQ AAPL opened at $354.88 on Friday. The firm has a market capitalization of $5.16 trillion, a P/E ratio of 39.56, a PEG ratio of 3.42 and a beta of 1.07. The stock has a 50-day simple moving average of $338.48 and a two-hundred day simple moving average of $300.56. 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 Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $359.37.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS 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 the consensus estimate of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. On average, equities analysts forecast that Apple Inc. will post 9.45 earnings per share for the current year.

Apple Dividend Announcement

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

Key Apple News

Here’s some of the latest news about AAPL:

• Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and set a $425 price target, citing potential from the first foldable iPhone. Coverage also points to strong interest in the new iPhone lineup as a possible catalyst for continued growth. Apple stock gains as analyst sets a $425 target
• Neutral Sentiment: Google is bringing its Gemini assistant to Apple CarPlay, adding a new AI feature for iPhone users. The partnership may improve CarPlay’s utility, though the assistant is Google’s service rather than Apple’s. Google Brings Gemini Live to Apple CarPlay
• Negative Sentiment: Higher memory-chip prices are a near-term margin risk. Apple’s December-quarter gross-margin outlook was reported below analyst expectations, despite record quarterly sales, raising concerns that component costs could weigh on profitability. Why Apple Stock Fell Despite a Record Quarter

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total transaction of $796,491.99. Following the sale, the senior vice president owned 39,593 shares of the company’s stock, valued at $13,145,271.93. This trade represents a 5.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy D. Cook sold 191,753 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the transaction, the insider directly owned 3,264,168 shares of the company’s stock, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their ownership of the stock. 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 three months, insiders sold 292,611 shares of company stock valued at $97,482,597. Insiders own 0.06% of the company’s stock.

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.