Apple Inc. $AAPL Holdings Cut by Lazari Capital Management Inc.

Lazari Capital Management Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% in the third quarter, Holdings Channel reports. The institutional investor owned 146,480 shares of the iPhone maker’s stock after selling 2,537 shares during the quarter. Apple comprises approximately 11.6% of Lazari Capital Management Inc.’s holdings, making the stock its 2nd largest position. Lazari Capital Management Inc.’s holdings in Apple were worth $48,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Ballast Inc. boosted its position in shares of Apple by 0.3% during the third quarter. Ballast Inc. now owns 51,028 shares of the iPhone maker’s stock worth $16,993,000 after buying an additional 161 shares during the period. Boyd Wealth Management LLC increased its stake in Apple by 58.1% during the 3rd quarter. Boyd Wealth Management LLC now owns 7,579 shares of the iPhone maker’s stock worth $2,524,000 after buying an additional 2,785 shares during the period. tru Independence LLC lifted its holdings in Apple by 0.5% during the 3rd quarter. tru Independence LLC now owns 35,600 shares of the iPhone maker’s stock worth $11,856,000 after buying an additional 176 shares in the last quarter. Freedom Day Solutions LLC lifted its holdings in Apple by 2.8% during the 3rd quarter. Freedom Day Solutions LLC now owns 44,376 shares of the iPhone maker’s stock worth $14,778,000 after buying an additional 1,227 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Apple by 1.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,406,363 shares of the iPhone maker’s stock worth $801,367,000 after buying an additional 38,186 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

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

Insider Activity at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president owned 41,992 shares of the company’s stock, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy Cook sold 191,753 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the sale, the insider owned 3,264,168 shares of the company’s stock, valued at $1,086,837,377.28. This represents a 5.55% decrease in their position. 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. Over the last three months, insiders have sold 291,651 shares of company stock valued at $97,082,537. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 1.5%

AAPL opened at $344.17 on Friday. Apple Inc. has a one year low of $243.42 and a one year high of $355.38. The company has a market cap of $5.00 trillion, a P/E ratio of 38.37, a PEG ratio of 3.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.02. The business’s 50-day simple moving average is $335.46 and its 200-day simple moving average is $298.03.

Apple (NASDAQ:AAPL) last posted its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.11. The firm had revenue of $114.48 billion during the quarter, compared to analysts’ expectations of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 earnings per share. As a group, equities research analysts expect that Apple Inc. will post 9.64 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. Shareholders of record on Thursday, November 12th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple’s dividend payout ratio is currently 12.39%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Melius Research set a $370.00 price target on shares of Apple in a research note on Tuesday. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and cut their price objective for the stock from $370.00 to $330.00 in a research report on Tuesday, October 20th. Argus increased their price objective on Apple from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday. Moffett Nathanson set a $283.00 target price on Apple and gave the company a “neutral” rating in a report on Tuesday, October 20th. Finally, China Renaissance cut Apple from a “buy” rating to a “hold” rating and lowered their target price for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $343.74.

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.