3,905 Apple Inc. $AAPL Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 67.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,897 shares of the iPhone maker’s stock after selling 3,905 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Apple were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AAPL. Avenir Tech Ltd acquired a new stake in shares of Apple in the 2nd quarter worth approximately $29,000. Ironwood Wealth Management Inc. acquired a new position in Apple during the third quarter worth $34,000. Longfellow Investment Management Co. LLC purchased a new stake in Apple during the second quarter worth $30,000. ABS Investment Management LLC purchased a new stake in Apple during the second quarter worth $376,168,000. Finally, Bamco Inc. NY purchased a new stake in Apple during the second quarter worth $118,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on AAPL. DZ Bank lowered Apple from a “hold” rating to a “sell” rating and set a $300.00 target price on the stock. in a report on Wednesday. Rosenblatt Securities reaffirmed a “neutral” rating and set a $303.00 price target on shares of Apple in a research note on Tuesday. Citigroup reiterated a “buy” rating on shares of Apple in a research report on Thursday, September 10th. TD Cowen lowered their price objective on shares of Apple from $400.00 to $390.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, CICC Research increased their price objective on shares of Apple from $310.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $343.74.

Apple Price Performance

AAPL stock traded down $1.80 on Friday, reaching $342.37. The company had a trading volume of 44,660,992 shares, compared to its average volume of 41,928,536. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $355.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company’s fifty day moving average is $336.01 and its 200 day moving average is $298.50. The company has a market cap of $5.00 trillion, a P/E ratio of 38.17, a PEG ratio of 2.82 and a beta of 1.07.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping 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 company had revenue of $114.48 billion during the quarter, compared to analysts’ expectations of $113.40 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts forecast that Apple Inc. will post 9.70 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. Investors of record on Thursday, November 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s payout ratio is presently 12.04%.

Insider Activity

In other Apple news, CEO John Ternus sold 25,412 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the sale, the insider directly owned 3,264,168 shares in the company, valued at $1,086,837,377.28. This represents a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 291,651 shares of company stock worth $97,082,537. Company insiders own 0.06% of the company’s stock.

Key Apple News

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

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.