13,603 Apple Inc. $AAPL Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 595,439 shares of the iPhone maker’s stock after selling 13,603 shares during the period. Apple comprises 1.9% of Brookstone Capital Management’s investment portfolio, making the stock its 6th largest holding. Brookstone Capital Management’s holdings in Apple were worth $198,293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Avenir Tech Ltd acquired a new stake in Apple during the 2nd quarter valued at approximately $29,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Apple during the second quarter worth $30,000. Ironwood Wealth Management Inc. acquired a new stake in shares of Apple during the third quarter worth $34,000. Ascentis Wealth Management LLC increased its position in shares of Apple by 822.7% during the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker’s stock worth $85,000 after buying an additional 260,792 shares during the period. Finally, Bamco Inc. NY bought a new position in Apple during the second quarter worth $118,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on AAPL. Guggenheim set a $400.00 target price on shares of Apple in a report on Tuesday, November 3rd. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. TD Cowen decreased their price target on Apple from $400.00 to $390.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Deutsche Bank Aktiengesellschaft lowered Apple from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, China Renaissance downgraded Apple from a “buy” rating to a “hold” rating and dropped their price objective for the company from $329.00 to $280.00 in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $343.74.

Insider Activity at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $332.01, for a total value of $796,491.99. Following the completion of the sale, the senior vice president directly owned 39,593 shares of the company’s stock, valued at $13,145,271.93. The trade was a 5.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Ternus sold 25,412 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were 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 $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 290,212 shares of company stock worth $96,639,685 over the last quarter. Company insiders own 0.06% of the company’s stock.

Apple News Summary

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 Stock Down 0.6%

Apple stock opened at $348.56 on Wednesday. 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 12-month low of $243.42 and a 12-month high of $355.38. The firm’s fifty day moving average is $337.27 and its 200 day moving average is $299.52. The company has a market capitalization of $5.07 trillion, a PE ratio of 38.86, a PEG ratio of 3.38 and a beta of 1.07.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. Apple’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 earnings per share. As a group, sell-side analysts predict that Apple Inc. will post 9.44 EPS for the current fiscal year.

Apple Dividend Announcement

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 dividend of $0.27 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s dividend payout ratio is currently 12.04%.

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.