Apple Inc. $AAPL Holdings Reduced by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 67.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,897 shares of the iPhone maker’s stock after selling 3,905 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Apple were worth $632,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AAPL. State Street Corp raised its stake in Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock worth $182,897,769,000 after purchasing an additional 28,321,085 shares during the period. Berkshire Hathaway Inc purchased a new stake in shares of Apple during the 2nd quarter valued at $65,950,297,000. Bank of America Corp DE purchased a new stake in shares of Apple during the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc acquired a new stake in shares of Apple during the 2nd quarter worth $30,443,242,000. Finally, Amundi increased its holdings in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after buying an additional 13,780,080 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on AAPL shares. Phillip Securities lowered Apple from a “hold” rating to a “moderate sell” rating in a research report on Friday. Barclays raised their price objective on Apple from $245.00 to $261.00 and gave the stock an “underweight” rating in a report on Tuesday. Royal Bank Of Canada set a $365.00 price objective on Apple in a research note on Wednesday, July 15th. Guggenheim set a $400.00 target price on Apple in a report on Tuesday. Finally, CICC Research boosted their target price on Apple from $310.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $343.74.

Key Stories Impacting Apple

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

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total value of $781,474.25. Following the completion of the sale, the senior vice president owned 29,997 shares in the company, valued at approximately $9,771,522.75. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Ternus sold 25,412 shares of the firm’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 sale, the chief executive officer owned 59,567 shares in the company, valued at approximately $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. 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. 0.06% of the stock is owned by insiders.

Apple Stock Down 0.5%

Shares of NASDAQ:AAPL traded down $1.80 during midday trading on Friday, hitting $342.37. 44,660,992 shares of the company’s stock traded hands, compared to its average volume of 41,928,536. 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 company has a market cap of $5.00 trillion, a PE ratio of 38.17, a P/E/G ratio of 2.82 and a beta of 1.07. The firm’s fifty day moving average price is $336.01 and its two-hundred day moving average price is $298.50. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $355.38.

Apple (NASDAQ:AAPL) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $113.40 billion. During the same period in the prior year, the firm earned $1.85 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 9.70 EPS for the current fiscal year.

Apple Dividend Announcement

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

Apple Company 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.