Apple Inc. $AAPL Stock Holdings Lowered by Skylands Capital LLC

Skylands Capital LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 87,815 shares of the iPhone maker’s stock after selling 3,925 shares during the quarter. Apple makes up approximately 3.8% of Skylands Capital LLC’s investment portfolio, making the stock its 5th biggest holding. Skylands Capital LLC’s holdings in Apple were worth $29,244,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Kings Path Partners LLC bought a new position in shares of Apple in the third quarter worth about $706,000. Trifecta Capital Advisors LLC lifted its holdings in Apple by 1.2% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 124,350 shares of the iPhone maker’s stock valued at $41,411,000 after buying an additional 1,491 shares in the last quarter. Income Insurance Ltd boosted its position in Apple by 0.3% in the 3rd quarter. Income Insurance Ltd now owns 45,737 shares of the iPhone maker’s stock valued at $15,231,000 after buying an additional 120 shares during the period. Wavvest Wealth LLC purchased a new stake in Apple in the 3rd quarter valued at about $1,629,000. Finally, Albion Financial Group UT grew its stake in Apple by 0.7% in the 3rd quarter. Albion Financial Group UT now owns 331,866 shares of the iPhone maker’s stock worth $110,518,000 after acquiring an additional 2,175 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Trending Headlines about Apple

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

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 1,392 shares of the business’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the transaction, the chief financial officer directly owned 17,539 shares of the company’s stock, valued at approximately $6,051,831.95. The trade was a 7.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ben Borders sold 1,280 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.40, for a total value of $442,112.00. Following the sale, the insider owned 38,288 shares of the company’s stock, valued at $13,224,675.20. This trade represents a 3.23% 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. In the last three months, insiders have sold 291,651 shares of company stock worth $97,082,537. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

Shares of AAPL opened at $342.37 on Monday. The company has a 50 day moving average price of $336.01 and a 200-day moving average price of $298.50. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $355.38. The stock has a market capitalization of $4.98 trillion, a PE ratio of 38.17, a PEG ratio of 3.22 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 data 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. The firm had revenue of $114.48 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $1.85 earnings per share. Equities analysts predict that Apple Inc. will post 9.68 earnings per share for the current fiscal year.

Apple Dividend Announcement

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 issued a dividend of $0.27 per share. The ex-dividend date 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 currently 12.04%.

Analyst Ratings Changes

Several analysts have recently weighed in on AAPL shares. Yorkville Ives started coverage on shares of Apple in a research note on Tuesday, October 6th. They set an “outperform” rating and a $400.00 price target for the company. Melius Research set a $370.00 price objective on Apple in a report on Tuesday, November 3rd. UBS Group reaffirmed a “neutral” rating and set a $340.00 target price (up from $296.00) on shares of Apple in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. lowered their target price on Apple from $360.00 to $355.00 and set an “overweight” rating for the company in a report on Tuesday, November 3rd. Finally, Seaport Research Partners downgraded Apple from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.74.

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.