SeaCrest Wealth Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 265,866 shares of the iPhone maker’s stock after selling 9,398 shares during the quarter. Apple makes up approximately 9.9% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its largest position. SeaCrest Wealth Management LLC’s holdings in Apple were worth $88,539,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Seros Financial LLC grew its holdings in Apple by 2.0% in the 3rd quarter. Seros Financial LLC now owns 4,633 shares of the iPhone maker’s stock valued at $1,543,000 after buying an additional 92 shares in the last quarter. NBT Bank N.A. acquired a new stake in shares of Apple in the 3rd quarter worth $83,149,000. Isthmus Partners LLC raised its holdings in shares of Apple by 1.5% during the 3rd quarter. Isthmus Partners LLC now owns 93,538 shares of the iPhone maker’s stock worth $31,150,000 after acquiring an additional 1,361 shares during the period. Root Financial Partners LLC raised its holdings in shares of Apple by 5.7% during the 3rd quarter. Root Financial Partners LLC now owns 133,250 shares of the iPhone maker’s stock worth $44,375,000 after acquiring an additional 7,151 shares during the period. Finally, Carter Financial Group INC. raised its holdings in shares of Apple by 0.3% during the 3rd quarter. Carter Financial Group INC. now owns 22,476 shares of the iPhone maker’s stock worth $7,485,000 after acquiring an additional 71 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.
Apple Trading Down 0.6%
NASDAQ AAPL opened at $348.56 on Wednesday. The firm’s 50-day moving average is $337.27 and its two-hundred day moving average is $299.52. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $5.07 trillion, a P/E ratio of 38.86, a PEG ratio of 3.38 and a beta of 1.07.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The company had revenue of $114.48 billion during the quarter, compared to analyst estimates of $113.40 billion. During the same quarter last year, the firm posted $1.85 earnings per share. Apple’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Apple Inc. will post 9.44 earnings per share for the current year.
Apple Announces Dividend
The business 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 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple’s dividend payout ratio is currently 12.04%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on AAPL shares. Robert W. Baird set a $340.00 price objective on shares of Apple and gave the company an “outperform” rating in a report on Tuesday, November 3rd. Piper Sandler initiated coverage on shares of Apple in a research report on Monday, August 17th. They set an “overweight” rating for the company. Morgan Stanley set a $350.00 target price on shares of Apple and gave the stock an “overweight” rating in a research note on Tuesday, November 3rd. Daiwa Securities Group boosted their target price on shares of Apple from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada set a $365.00 price target on shares of Apple in a research note on Wednesday, July 15th. Two investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.74.
Get Our Latest Analysis on Apple
Insider Activity at Apple
In other Apple news, 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 value of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction on 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 transaction, the chief executive officer owned 59,567 shares in the company, valued at $19,832,236.98. This trade represents a 29.90% 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. In the last quarter, insiders have sold 290,212 shares of company stock valued at $96,639,685. 0.06% of the stock is owned by insiders.
Key Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple has held up better than many Big Tech peers and recently reached record territory, with investors appearing to favor its restrained AI infrastructure spending compared with peers’ heavy investment. That approach may help preserve cash and margins, though it also raises questions about its AI competitiveness. Apple Is Holding Strong While Big Tech Sells Off. Is It Next?
- Positive Sentiment: Apple Intelligence cleared a regulatory step for use on tablets and laptops in China, potentially expanding the service’s reach in a key market. Apple Intelligence registers with Chinese regulator
- Neutral Sentiment: Apple is reportedly holding capital spending steady while rivals accelerate AI infrastructure investment. This could support cash generation, but investors may also question whether the company is investing enough to keep pace in AI. Apple holds capex steady as peers accelerate AI infrastructure buildout
- Negative Sentiment: Binance warned that an iOS vulnerability could allow malicious apps to access data from other apps, potentially exposing crypto-wallet keys and credentials. Uncertainty over affected versions and whether updates resolve the flaw could create security and reputational concerns. Binance warns iOS flaw could expose crypto wallet keys
- Negative Sentiment: Reports of worker deaths at an Indian supplier and an ensuing investigation raise potential supply-chain, operational and reputational risks as Apple expands manufacturing in India. Apple faces major supplier investigation after 3 worker deaths
- Negative Sentiment: Valuation concerns and a reported memory-cost squeeze could pressure expectations. KeyCorp also cut its fiscal 2027 EPS forecast to $8.34 from $9.08 and maintains an Underweight rating with a $250 price target, well below the consensus forecast cited in the report. Apple Is Above $5 Trillion After Its First-Ever Close Above $350
Apple Profile
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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