Apple (NASDAQ:AAPL) Cut to Sell at DZ Bank

Posted by Brian Himes on Nov 7th, 2026

DZ Bank downgraded shares of Apple (NASDAQ:AAPL – Free Report) from a hold rating to a sell rating in a report published on Wednesday, Marketbeat reports. The brokerage currently has $300.00 price objective on the iPhone maker’s stock.

A number of other brokerages have also recently commented on AAPL. KeyCorp reiterated an “underweight” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday. Citigroup reaffirmed a “buy” rating on shares of Apple in a research report on Thursday, September 10th. Melius Research set a $370.00 price objective on shares of Apple in a research note on Tuesday. Guggenheim set a $400.00 target price on shares of Apple in a report on Tuesday. Finally, CICC Research boosted their target price on Apple from $310.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $343.74.

Get Our Latest Stock Analysis on AAPL

Apple Stock Down 0.5%

Shares of NASDAQ AAPL opened at $342.37 on Wednesday. Apple has a 1 year low of $243.42 and a 1 year high of $355.38. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average is $336.01 and its 200-day moving average is $298.50. The firm has a market capitalization of $5.00 trillion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07.

Apple (NASDAQ:AAPL – Get Free Report) last issued 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. Apple had a net margin of 27.60% and a return on equity of 128.88%. The business had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that Apple will post 9.70 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple’s dividend payout ratio (DPR) is 12.04%.

Insider Activity at Apple

In related news, CEO John Ternus sold 25,412 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the sale, the chief executive officer directly owned 59,567 shares of the company’s stock, valued at approximately $19,832,236.98. This represents a 29.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 dated 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 transaction, the senior vice president directly owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 291,651 shares of company stock worth $97,082,537. 0.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Apple

A number of large investors have recently made changes to their positions in AAPL. State Street Corp lifted its holdings in shares of Apple by 4.7% in 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 buying an additional 28,321,085 shares during the period. Berkshire Hathaway Inc acquired a new position in Apple in the 2nd quarter worth $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple during the second quarter valued at $36,986,090,000. Legal & General Group Plc bought a new stake in shares of Apple during the 2nd quarter worth $30,443,242,000. Finally, Amundi increased its position in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after buying an additional 13,780,080 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Key Stories Impacting 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

Apple Company Profile

(Get Free Report)

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.