Apple Inc. $AAPL Shares Acquired by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 6.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 27,788 shares of the iPhone maker’s stock after acquiring an additional 1,710 shares during the period. Apple comprises 1.7% of MBM Wealth Consultants LLC’s portfolio, making the stock its 14th biggest holding. MBM Wealth Consultants LLC’s holdings in Apple were worth $9,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 55 North Private Wealth LLC increased its position in shares of Apple by 8.4% in the third quarter. 55 North Private Wealth LLC now owns 28,347 shares of the iPhone maker’s stock worth $9,440,000 after purchasing an additional 2,199 shares during the last quarter. Dagco Inc. raised its stake in Apple by 0.6% in the third quarter. Dagco Inc. now owns 51,542 shares of the iPhone maker’s stock valued at $17,165,000 after purchasing an additional 304 shares in the last quarter. Stewardship Advisors LLC lifted its position in Apple by 3.3% during the third quarter. Stewardship Advisors LLC now owns 8,390 shares of the iPhone maker’s stock valued at $2,794,000 after purchasing an additional 268 shares during the last quarter. Climber Capital SA lifted its position in Apple by 25.2% during the third quarter. Climber Capital SA now owns 10,638 shares of the iPhone maker’s stock valued at $3,359,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Ballast Inc. lifted its position in Apple by 0.3% during the third quarter. Ballast Inc. now owns 51,028 shares of the iPhone maker’s stock valued at $16,993,000 after purchasing an additional 161 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research reports. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a research note on Wednesday, July 15th. Citigroup restated a “buy” rating on shares of Apple in a research report on Thursday, September 10th. China Renaissance downgraded shares of Apple from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $329.00 to $280.00 in a report on Tuesday, August 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Thursday, October 1st. Finally, BTIG Research started coverage on shares of Apple in a research report on Monday, August 17th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $343.74.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue expectations, with revenue of $114.5 billion and solid iPhone and Mac demand. The results support the view that product demand remains healthy. Apple shares fell despite a double beat in Q4
• Positive Sentiment: Bernstein raised its price target to $380 and kept a Buy rating, citing potential upside from Apple’s business prospects. Bernstein rating and price target
• Neutral Sentiment: Apple is reportedly seeking up to $7 billion through a bond offering. The borrowing adds financing flexibility, but the reports did not specify how proceeds would be used. Apple seeks about $7 billion from bond sale
• Negative Sentiment: Management flagged memory-chip costs that could keep rising, along with supply constraints ahead of the December quarter. These pressures may weigh on margins even as demand remains strong. Supply constraints and rising memory costs
• Negative Sentiment: Investors are also scrutinizing earnings quality: tariff refunds boosted reported profit metrics, making the underlying results less straightforward to assess. Investors revisit Apple earnings quality
• Negative Sentiment: Analyst caution and valuation concerns add to the headwinds. DZ Bank cut Apple to Sell, while coverage also points to slower Services growth and a premium share valuation. DZ Bank downgrades Apple

Apple Stock Down 1.5%

Shares of AAPL opened at $344.17 on Friday. The firm has a market cap of $5.00 trillion, a P/E ratio of 38.37, a P/E/G ratio of 3.30 and a beta of 1.07. The stock has a 50 day simple moving average of $335.46 and a two-hundred day simple moving average of $298.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.93. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $355.38.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 27.60% and a return on equity of 125.35%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $1.85 earnings per share. On average, analysts forecast that Apple Inc. will post 9.64 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio is 12.39%.

Insider Buying and Selling at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares of the company’s stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 46,389 shares of the business’s stock in a transaction 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 $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. Insiders sold a total of 291,651 shares of company stock worth $97,082,537 in the last quarter. 0.06% of the stock is currently owned by company insiders.

About Apple

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.