Apple Inc. $AAPL Shares Acquired by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. raised its position in Apple Inc. (NASDAQ:AAPL) by 12.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,056 shares of the iPhone maker’s stock after buying an additional 4,395 shares during the period. Apple makes up about 7.3% of RWQ Financial Management Services Inc.’s holdings, making the stock its biggest holding. RWQ Financial Management Services Inc.’s holdings in Apple were worth $13,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. James Hambro & Partners LLP grew its position in shares of Apple by 90.0% during the third quarter. James Hambro & Partners LLP now owns 4,878 shares of the iPhone maker’s stock worth $1,625,000 after acquiring an additional 2,310 shares during the last quarter. Kondo Wealth Advisors Inc. lifted its position in Apple by 0.4% in the 3rd quarter. Kondo Wealth Advisors Inc. now owns 13,224 shares of the iPhone maker’s stock valued at $4,405,000 after purchasing an additional 53 shares during the last quarter. Washburn Capital Management Inc. boosted its stake in Apple by 17.5% during the 3rd quarter. Washburn Capital Management Inc. now owns 13,800 shares of the iPhone maker’s stock valued at $4,596,000 after purchasing an additional 2,055 shares during the period. Gimbal Financial grew its position in Apple by 760.7% in the 3rd quarter. Gimbal Financial now owns 31,106 shares of the iPhone maker’s stock worth $10,359,000 after purchasing an additional 27,492 shares during the last quarter. Finally, Prairie Advisory LLC increased its stake in shares of Apple by 97.7% in the third quarter. Prairie Advisory LLC now owns 81,316 shares of the iPhone maker’s stock valued at $27,080,000 after purchasing an additional 40,190 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

AAPL opened at $331.90 on Wednesday. The company has a market cap of $4.84 trillion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. The stock has a 50-day moving average of $334.05 and a 200-day moving average of $297.13. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. Apple had a return on equity of 128.88% and a net margin of 27.60%. The business had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. During the same quarter in the prior year, the firm posted $1.85 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 9.56 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.27 per share. 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 dividend payout ratio is presently 12.39%.

Insider Activity

In other Apple news, SVP Deirdre O’brien sold 46,389 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 Apple stock in a transaction that occurred on 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 in the company, valued at approximately $19,832,236.98. This represents a 29.90% 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. Over the last ninety days, insiders have sold 289,252 shares of company stock valued at $96,301,063. Insiders own 0.06% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record September-quarter revenue of $114.48 billion, up 11.7% year over year, and EPS of $2.10, beating analyst estimates. Strong iPhone demand—iPhone revenue rose 17.5%—and Mac sales helped drive the results. Apple Q4 Earnings Beat Estimates, iPhone Drives Top-Line Growth
• Positive Sentiment: Bank of America reiterated its Buy rating, arguing that investors should look beyond near-term margin pressure to Apple’s longer-term opportunity. Buy Apple Stock After Earnings, Says Bank of America
• Negative Sentiment: The main pressure is Apple’s forecast for a 45%–46% gross margin in the holiday quarter, below the recent quarter’s 47.9%. Management cited sharply higher memory-chip costs and spending tied to Siri AI; investors worry these expenses will limit profit growth even with strong sales. Apple Shares Slide as Higher Memory Costs Fuel Margin Concerns
• Negative Sentiment: Investors also saw softer signals beneath the headline beat: services growth is expected to slow, China revenue missed expectations, and higher component costs are being accompanied by increased inventory and supplier commitments. The stock’s premium valuation may make it more vulnerable if growth or margins disappoint. Apple Growth, Margins Likely Face Pressure in 2027, UBS Says

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Apple in a research note on Monday, August 17th. They issued a “buy” rating for the company. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the stock a “buy” rating in a report on Monday, August 17th. China Renaissance cut Apple from a “buy” rating to a “hold” rating and decreased their target price for the stock from $329.00 to $280.00 in a research report on Tuesday, August 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a research report on Tuesday. Finally, Robert W. Baird set a $340.00 price objective on Apple and gave the stock an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $343.28.

About Apple

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.