Apple Inc. $AAPL Stock Purchased by Prairie Advisory LLC

Prairie Advisory LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 97.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,316 shares of the iPhone maker’s stock after purchasing an additional 40,190 shares during the quarter. Apple accounts for about 3.1% of Prairie Advisory LLC’s portfolio, making the stock its 10th largest position. Prairie Advisory LLC’s holdings in Apple were worth $27,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AAPL. Investment Research & Advisory Group Inc. boosted its position in Apple by 0.6% in the third quarter. Investment Research & Advisory Group Inc. now owns 76,205 shares of the iPhone maker’s stock valued at $25,784,000 after buying an additional 425 shares in the last quarter. OceanIQ Capital LLC grew its stake in shares of Apple by 32.0% during the third quarter. OceanIQ Capital LLC now owns 32,067 shares of the iPhone maker’s stock worth $10,943,000 after buying an additional 7,770 shares during the last quarter. Jackson Square Capital LLC increased its holdings in shares of Apple by 8.0% during the third quarter. Jackson Square Capital LLC now owns 125,045 shares of the iPhone maker’s stock worth $41,642,000 after buying an additional 9,278 shares in the last quarter. Quantum Financial Partners LLC increased its holdings in shares of Apple by 23.1% during the third quarter. Quantum Financial Partners LLC now owns 17,131 shares of the iPhone maker’s stock worth $5,705,000 after buying an additional 3,215 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC increased its holdings in shares of Apple by 25.9% during the third quarter. Kaufman Rossin Wealth LLC now owns 16,043 shares of the iPhone maker’s stock worth $5,343,000 after buying an additional 3,300 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Timothy Cook sold 191,753 shares of Apple stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider owned 3,264,168 shares in the company, valued at $1,086,837,377.28. The trade was a 5.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. This represents 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 have sold a total of 289,252 shares of company stock valued at $96,301,063 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. Phillip Securities raised their price objective on Apple from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Robert W. Baird upped their target price on Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Maxim Group increased their target price on Apple from $350.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, July 31st. BTIG Research started coverage on Apple in a research note on Monday, August 17th. They set a “neutral” rating on the stock. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $355.00 price target on shares of Apple in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $340.49.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal fourth-quarter revenue of $114.48 billion, up 12% year over year and above the approximately $113.4 billion consensus estimate. Diluted EPS of $2.10 also exceeded expectations near $1.99. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Growth was led by early demand for the iPhone 18 Pro lineup, with iPhone revenue reaching $57.6 billion, up 17%, while Mac sales and Services also set records. Apple’s active installed base reached an all-time high, supporting its ecosystem and recurring-revenue outlook. Apple Q4 earnings call: Ternus breaks down excellent quarter
• Positive Sentiment: Relatively light quarterly capital spending of $2.24 billion, below the expected $3.33 billion, reinforces Apple’s cash-generation and capital-discipline story as other technology companies spend heavily on AI infrastructure. Big quarterly beats after the close
• Neutral Sentiment: The report was the first under CEO John Ternus. His defense of Apple’s measured AI strategy may appeal to investors seeking profitable, product-focused AI development, but it leaves the company with less visible AI investment than major rivals.
• Negative Sentiment: China revenue fell short of projections, while iPad and Wearables, Home and Accessories sales missed estimates. These weaknesses offset the iPhone and Mac strength and raised concerns about regional and product-line momentum. New CEO John Ternus delivers an Apple earnings beat
• Negative Sentiment: Memory-chip inflation and component shortages threaten future gross margins. Apple’s inventory rose from $11.09 billion to $14.54 billion during the quarter, suggesting the company is stockpiling components but also tying up more cash. Apple inventory surges as memory chip costs climb
• Negative Sentiment: EPS benefited from a roughly $0.05-per-share tariff refund, and gross margin received an approximately one-percentage-point boost. Investors may therefore view part of the earnings beat as one-time rather than purely operational. Apple reports fourth quarter results

Apple Trading Down 1.8%

NASDAQ:AAPL opened at $338.32 on Tuesday. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $351.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm’s fifty day moving average is $333.62 and its 200-day moving average is $296.77. The firm has a market cap of $4.94 trillion, a P/E ratio of 38.80, a P/E/G ratio of 2.72 and a beta of 1.07.

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. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. During the same quarter in the prior year, the firm posted $1.85 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Company Profile

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.