Sumitomo Mitsui DS Asset Management Company Ltd Purchases 38,186 Shares of Apple Inc. $AAPL

Posted by Stanley Muller on Nov 5th, 2026

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.6% in the third quarter, HoldingsChannel reports. The fund owned 2,406,363 shares of the iPhone maker’s stock after purchasing an additional 38,186 shares during the quarter. Apple makes up approximately 5.3% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 2nd largest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Apple were worth $801,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its stake in Apple by 4.7% during the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock valued at $182,897,769,000 after purchasing an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in Apple during the second quarter worth $65,950,297,000. Bank of America Corp DE bought a new position in shares of Apple in the second quarter valued at $36,986,090,000. Legal & General Group Plc bought a new position in shares of Apple in the second quarter valued at $30,443,242,000. Finally, Amundi grew its holdings in shares of Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after buying an additional 13,780,080 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In related 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 completion of the sale, the senior vice president directly owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 59,567 shares of the company’s stock, valued at $19,832,236.98. The trade was a 29.90% 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 sold 289,252 shares of company stock valued at $96,301,063. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several recent research reports. Melius Research set a $370.00 target price on shares of Apple in a research report on Tuesday. Bank of America reaffirmed a “buy” rating and issued a $370.00 price target on shares of Apple in a research report on Wednesday, September 23rd. Citigroup reaffirmed a “buy” rating on shares of Apple in a research report on Thursday, September 10th. Daiwa Securities Group lifted their price target on Apple from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, BTIG Research initiated coverage on Apple in a report on Monday, August 17th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $343.51.

Get Our Latest Research Report on Apple

Apple News Summary

Here are the key news stories impacting Apple this week:

Positive Sentiment: Post-election relief helped lift major technology stocks, including Apple, as investors saw reduced near-term uncertainty. CNBC article
Positive Sentiment: Apple reached a record high amid signs of renewed demand. Investors are also weighing the rollout of Apple Intelligence in China, which could help close a competitive gap in a major market. Invezz article
Neutral Sentiment: Apple is reducing employee budgets for AI tools as it seeks to manage expenses, while reported research costs have climbed 32%. Cost control may help, but the spending trend underscores the expense of competing in AI. Reuters article
Negative Sentiment: Rising memory prices remain a key risk to profitability: Apple expects higher component costs to pressure holiday-quarter gross margins, and its manufacturing purchase commitments have increased. MarketBeat article
Negative Sentiment: Valuation and margin concerns persist despite the rally; DZ Bank downgraded Apple to sell, citing a $300 price target. MarketBeat ratings

Apple Stock Up 5.3%

Apple stock opened at $349.51 on Thursday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $354.50. The stock has a market cap of $5.10 trillion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The firm’s 50-day simple moving average is $334.84 and its 200 day simple moving average is $297.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.02.

Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.99 by $0.11. The firm had revenue of $114.48 billion during the quarter, compared to analyst estimates of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. Research analysts predict that Apple Inc. will post 9.61 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Apple’s dividend payout ratio is currently 12.39%.

About Apple

(Free Report)

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.