Apple Inc. $AAPL Shares Acquired by Mills Wealth Advisors LLC

Mills Wealth Advisors LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 141.4% in the third quarter, HoldingsChannel.com reports. The firm owned 2,638 shares of the iPhone maker’s stock after acquiring an additional 1,545 shares during the quarter. Mills Wealth Advisors LLC’s holdings in Apple were worth $879,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AAPL. Berkshire Hathaway Inc purchased a new position in Apple during the second quarter worth about $65,950,297,000. Bank of America Corp DE purchased a new stake in shares of Apple in the 2nd quarter valued at approximately $36,986,090,000. Legal & General Group Plc purchased a new stake in shares of Apple in the 2nd quarter valued at approximately $30,443,242,000. Deutsche Bank AG purchased a new stake in shares of Apple in the 2nd quarter valued at approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Apple in the 2nd quarter worth approximately $10,588,946,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,280 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $345.40, for a total value of $442,112.00. Following the sale, the insider owned 38,288 shares of the company’s stock, valued at $13,224,675.20. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Apple 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 completion of the transaction, 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 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. Insiders have sold 290,212 shares of company stock worth $96,639,685 over the last ninety days. Company insiders own 0.06% of the company’s stock.

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.
  • Neutral Sentiment: Google is rolling out Gemini Live on Apple CarPlay, bringing another conversational AI option to iPhone users’ cars. This adds functionality to the CarPlay platform, though it also highlights competition for Apple’s own assistant. Google brings Gemini Live to Apple CarPlay
  • 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

Apple Stock Performance

Shares of AAPL stock opened at $355.63 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $355.91. The stock has a market capitalization of $5.17 trillion, a PE ratio of 39.65, a P/E/G ratio of 3.35 and a beta of 1.07. The firm has a 50 day moving average of $337.88 and a two-hundred day moving average of $300.06.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data 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 company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $1.85 earnings per share. On average, research analysts predict that Apple Inc. will post 9.45 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s dividend payout ratio is 12.04%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Moffett Nathanson set a $283.00 price objective on shares of Apple and gave the stock a “neutral” rating in a research report on Tuesday, October 20th. Barclays boosted their target price on Apple from $245.00 to $261.00 and gave the company an “underweight” rating in a research report on Tuesday, November 3rd. Phillip Securities lowered Apple from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 6th. Argus lifted their price objective on Apple from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Finally, The Goldman Sachs Group set a $380.00 price objective on Apple in a report on Wednesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $347.11.

Check Out Our Latest Research Report on Apple

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.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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