NovaPoint Capital LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,655 shares of the iPhone maker’s stock after selling 1,496 shares during the quarter. Apple comprises 4.2% of NovaPoint Capital LLC’s portfolio, making the stock its largest holding. NovaPoint Capital LLC’s holdings in Apple were worth $19,200,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avenir Tech Ltd bought a new stake in Apple during the 2nd quarter worth approximately $29,000. Ironwood Wealth Management Inc. bought a new position in Apple in the 3rd quarter valued at $34,000. Longfellow Investment Management Co. LLC bought a new position in Apple in the 2nd quarter valued at $30,000. ABS Investment Management LLC purchased a new position in shares of Apple during the 2nd quarter valued at $376,168,000. Finally, Bamco Inc. NY purchased a new position in shares of Apple during the 2nd quarter valued at $118,000. 67.73% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Apple from $245.00 to $261.00 and gave the stock an “underweight” rating in a report on Tuesday, November 3rd. Melius Research set a $370.00 price objective on Apple in a research note on Tuesday, November 3rd. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research report on Wednesday, September 9th. Argus upped their target price on Apple from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Finally, Moffett Nathanson set a $283.00 target price on Apple and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $347.11.
Check Out Our Latest Stock Report on AAPL
Apple News Summary
These are some of the AAPL news items that stood out recently:
- Positive Sentiment: Reports point to strong iPhone demand and a record quarterly revenue result, while the foldable iPhone could provide a new growth opportunity. A faster Siri AI roadmap may also strengthen Apple’s longer-term product story.
- Negative Sentiment: Memory-chip prices are creating a margin headwind. Apple’s December-quarter gross-margin outlook of 45%–46% was reported below analysts’ 46.3% expectation, tempering the positive impact of strong sales. Apple faces memory-cost pressure despite record quarter
- 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
Insider Buying and Selling at Apple
In other Apple news, insider Timothy 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O’brien sold 46,389 shares of the business’s 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 completion of the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. The trade was a 25.32% 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. Insiders have sold 290,212 shares of company stock valued at $96,639,685 over the last ninety days. Insiders own 0.06% of the company’s stock.
Apple Price Performance
Shares of Apple stock opened at $355.63 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $5.17 trillion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 3.35 and a beta of 1.07. The business’s 50-day moving average price is $337.88 and its 200-day moving average price is $300.06. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.91.
Apple (NASDAQ:AAPL – Get Free Report) last released its 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. The company had revenue of $114.48 billion during 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%. Apple’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS. Sell-side analysts forecast that Apple Inc. will post 9.45 EPS for the current fiscal year.
Apple Dividend Announcement
The firm also recently declared 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple’s dividend payout ratio (DPR) is presently 12.04%.
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.
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