Sterling Manor Financial LLC Buys 11,913 Shares of Apple Inc. $AAPL

Posted by Geri Gentry on Nov 8th, 2026

Sterling Manor Financial LLC bought a new position in Apple Inc. (NASDAQ:AAPL – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund bought 11,913 shares of the iPhone maker’s stock, valued at approximately $3,967,000. Apple accounts for about 2.3% of Sterling Manor Financial LLC’s holdings, making the stock its 17th biggest holding.

Several other large investors have also made changes to their positions in AAPL. State Street Corp grew its stake in Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock worth $182,897,769,000 after buying an additional 28,321,085 shares during the last quarter. Berkshire Hathaway Inc acquired a new stake in shares of Apple during the second quarter worth approximately $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple during the second quarter worth approximately $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple in the 2nd quarter worth approximately $30,443,242,000. Finally, Amundi boosted its holdings in shares of Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares in the last quarter. Institutional investors own 67.73% 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 Trading Down 0.5%

Shares of AAPL opened at $342.37 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $355.38. The firm has a market capitalization of $4.98 trillion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 3.21 and a beta of 1.07. The stock’s fifty day simple moving average is $336.01 and its 200-day simple moving average is $298.50.

Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.85 earnings per share. As a group, research analysts predict that Apple Inc. will post 9.68 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced 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. 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 presently 12.04%.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 46,389 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the transaction, the senior vice president 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Apple stock in a transaction that occurred on 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 owned 3,264,168 shares of the company’s stock, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their position. 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 90 days, insiders have sold 291,651 shares of company stock valued at $97,082,537. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AAPL shares. Robert W. Baird set a $340.00 price target on Apple and gave the stock an “outperform” rating in a research report on Tuesday. China Renaissance downgraded Apple from a “buy” rating to a “hold” rating and cut their price objective for the company from $329.00 to $280.00 in a research report on Tuesday, August 4th. Melius Research set a $370.00 price objective on Apple in a research report on Tuesday. Raymond James Financial reissued a “market perform” rating on shares of Apple in a research note on Tuesday. Finally, Yorkville Ives initiated coverage on Apple in a report on Tuesday, October 6th. They set an “outperform” rating and a $400.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $343.74.

Check Out Our Latest Analysis on AAPL

Apple Profile

(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.