Wallace Advisory Group LLC Sells 4,325 Shares of Apple Inc. $AAPL

Wallace Advisory Group LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 30.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,106 shares of the iPhone maker’s stock after selling 4,325 shares during the quarter. Apple makes up about 2.0% of Wallace Advisory Group LLC’s investment portfolio, making the stock its 8th largest holding. Wallace Advisory Group LLC’s holdings in Apple were worth $2,573,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Virginia Wealth Management Group Inc. increased its stake in shares of Apple by 0.5% in the third quarter. Virginia Wealth Management Group Inc. now owns 21,041 shares of the iPhone maker’s stock valued at $5,358,000 after purchasing an additional 95 shares during the period. Borer Denton & Associates Inc. grew its holdings in Apple by 0.7% in the 3rd quarter. Borer Denton & Associates Inc. now owns 69,886 shares of the iPhone maker’s stock worth $17,795,000 after buying an additional 520 shares in the last quarter. Fortress Wealth Management Inc. increased its position in Apple by 1.2% in the 3rd quarter. Fortress Wealth Management Inc. now owns 6,340 shares of the iPhone maker’s stock valued at $1,614,000 after acquiring an additional 77 shares during the period. BCU Wealth Advisors LLC bought a new stake in Apple during the 3rd quarter valued at $242,000. Finally, V. M. Manning & CO. Inc. acquired a new position in shares of Apple during the third quarter valued at $12,168,000. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. Melius upped their price objective on shares of Apple from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Apple in a research note on Monday, December 29th. Rosenblatt Securities increased their price objective on shares of Apple from $241.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Evercore ISI reissued an “outperform” rating and set a $325.00 target price (up previously from $300.00) on shares of Apple in a report on Monday, December 8th. Finally, Monness Crespi & Hardt increased their price target on Apple from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $283.92.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 3,752 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the sale, the insider owned 15,098 shares in the company, valued at $4,095,030.54. The trade was a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the sale, the chief financial officer owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. This trade represents a 32.39% decrease in their position. The SEC filing for this sale provides additional information. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Down 1.4%

Apple stock opened at $267.26 on Tuesday. The firm has a market cap of $3.95 trillion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.09. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $288.62. The firm’s 50 day moving average price is $273.62 and its two-hundred day moving average price is $245.47. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.86 and a current ratio of 0.89.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. The business had revenue of $102.47 billion for the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a return on equity of 164.05% and a net margin of 26.92%.The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 EPS. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s payout ratio is presently 13.92%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reaffirmed a Buy on AAPL and keeps a $325 price target, citing resilient Services growth, edge-AI optionality and strong capital returns that support a premium multiple. TipRanks: Buy Rating Reaffirmed
• Positive Sentiment: Foxconn reported record Q4 revenue (driven by AI server demand); analysts view the beat as a constructive read-through for iPhone demand and supply-chain health for Apple. Benzinga: Foxconn Q4 Beat
• Positive Sentiment: Multiple Wall Street firms maintain Buy ratings and high price targets (median ~ $305), providing upside support versus current levels and underpinning long-term conviction. QuiverQuant: Analyst Ratings & Targets
• Neutral Sentiment: Apple appears on long-term dividend/quality stock lists and investor round-ups, signaling continued buy-and-hold interest even amid near-term noise. Fool: Dividend Stocks
• Neutral Sentiment: Social and search buzz around recent iPhone launches (iPhone 17) is high — useful for sentiment but mixed on near-term monetization. QuiverQuant: iPhone 17 Buzz
• Negative Sentiment: Raymond James resumed coverage with a downgrade/Market Perform, citing valuation concerns and limited upside — a primary catalyst for selling pressure today. MSN/Broadcast: Raymond James Downgrade
• Negative Sentiment: Apple has scaled back Vision Pro production after weak demand; coverage pieces flag poor early adoption, which pressures the narrative around Apple’s new-hardware growth. Benzinga: Vision Pro Production Plans
• Negative Sentiment: Broader valuation debate and mixed signal on AI rollout/returns — recent write-ups highlight stretched multiples and delayed Apple Intelligence execution as reasons investors may trim exposure. Yahoo Finance: Valuation Assessment
• Negative Sentiment: Competitive/AI pressure stories (e.g., Samsung AI push) and visible insider selling noted in data feeds add to near-term risk perceptions among momentum and institutional traders. 24/7 Wall St.: Samsung Competition

Apple Company Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.