Apple Inc. $AAPL Shares Sold by Revisor Wealth Management LLC

Revisor Wealth Management LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,132 shares of the iPhone maker’s stock after selling 2,494 shares during the quarter. Apple accounts for 4.1% of Revisor Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Revisor Wealth Management LLC’s holdings in Apple were worth $17,119,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AAPL. Sterling Wealth Management Inc. increased its holdings in shares of Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after buying an additional 30 shares during the period. Thor Investment Management Inc. OH ADV boosted its holdings in Apple by 1.6% during the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock valued at $637,000 after acquiring an additional 30 shares during the period. Evansbrook LLC boosted its holdings in Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after acquiring an additional 34 shares during the period. JMG Financial Group Ltd. boosted its holdings in Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock valued at $1,295,000 after acquiring an additional 35 shares during the period. Finally, Wealth Forward LLC grew its position in Apple by 0.3% during the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock worth $4,438,000 after acquiring an additional 35 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Apple news, CFO Kevan Parekh sold 1,392 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.05, for a total transaction of $480,309.60. Following the transaction, the chief financial officer directly owned 17,539 shares of the company’s stock, valued at approximately $6,051,831.95. The trade was a 7.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total transaction of $781,474.25. Following the completion of the transaction, the senior vice president owned 29,997 shares of the company’s stock, valued at $9,771,522.75. This trade represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 291,651 shares of company stock valued at $97,082,537 over the last quarter. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Evercore reaffirmed an “outperform” rating on shares of Apple in a research note on Tuesday, October 27th. Royal Bank Of Canada set a $365.00 target price on shares of Apple in a report on Wednesday, July 15th. JPMorgan Chase & Co. decreased their target price on shares of Apple from $360.00 to $355.00 and set an “overweight” rating on the stock in a research note on Tuesday. Maxim Group upped their price target on shares of Apple from $350.00 to $380.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Morgan Stanley set a $350.00 price target on shares of Apple and gave the company an “overweight” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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 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%

NASDAQ AAPL traded down $1.80 on Friday, hitting $342.37. The company’s stock had a trading volume of 44,660,992 shares, compared to its average volume of 41,928,536. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $355.38. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company’s 50-day simple moving average is $336.01 and its 200 day simple moving average is $298.50. The firm has a market cap of $5.00 trillion, a P/E ratio of 38.17, a PEG ratio of 2.82 and a beta of 1.07.

Apple (NASDAQ:AAPL) last posted its 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. Apple had a return on equity of 128.88% and a net margin of 27.60%. The firm had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. During the same period in the previous year, the firm earned $1.85 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Research analysts predict that Apple Inc. will post 9.70 EPS for the current fiscal year.

Apple Announces Dividend

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

About Apple

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.