9,868 Apple Inc. $AAPL Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co lessened its position in Apple Inc. (NASDAQ:AAPL) by 1.8% in the 3rd quarter, Holdings Channel reports. The fund owned 524,233 shares of the iPhone maker’s stock after selling 9,868 shares during the period. Apple makes up approximately 5.3% of WASHINGTON TRUST Co’s investment portfolio, making the stock its biggest holding. WASHINGTON TRUST Co’s holdings in Apple were worth $174,580,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Core Wealth Management Inc. increased its stake in shares of Apple by 7.6% in the third quarter. Core Wealth Management Inc. now owns 4,523 shares of the iPhone maker’s stock worth $1,506,000 after acquiring an additional 319 shares during the last quarter. XXI Wealth LLC boosted its position in Apple by 8.9% during the third quarter. XXI Wealth LLC now owns 37,673 shares of the iPhone maker’s stock valued at $12,546,000 after purchasing an additional 3,073 shares during the last quarter. BIP Wealth LLC boosted its position in Apple by 3.8% during the third quarter. BIP Wealth LLC now owns 125,602 shares of the iPhone maker’s stock valued at $41,828,000 after purchasing an additional 4,571 shares during the last quarter. River Street Advisors LLC grew its stake in Apple by 2.7% in the third quarter. River Street Advisors LLC now owns 33,220 shares of the iPhone maker’s stock valued at $11,063,000 after purchasing an additional 869 shares in the last quarter. Finally, MLP3 LLC grew its stake in Apple by 22.2% in the third quarter. MLP3 LLC now owns 11,567 shares of the iPhone maker’s stock valued at $3,852,000 after purchasing an additional 2,101 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AAPL. Melius Research set a $370.00 price target on Apple in a research note on Tuesday, November 3rd. Raymond James Financial reissued a “market perform” rating on shares of Apple in a research note on Tuesday, November 3rd. DZ Bank downgraded Apple from a “hold” rating to a “sell” rating and set a $300.00 price objective on the stock. in a report on Wednesday, November 4th. Yorkville Ives initiated coverage on shares of Apple in a research report on Tuesday, October 6th. They set an “outperform” rating and a $400.00 price objective on the stock. Finally, Citigroup reiterated a “buy” rating on shares of Apple in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $347.11.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 46,389 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the transaction, the senior vice president owned 136,810 shares of the company’s stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,392 shares of Apple stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 17,539 shares in the company, valued at approximately $6,051,831.95. This represents a 7.35% decrease in their position. 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. In the last quarter, insiders sold 292,611 shares of company stock worth $97,482,597. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

NASDAQ AAPL opened at $354.88 on Friday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $359.37. The stock’s 50-day moving average is $338.48 and its two-hundred day moving average is $300.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $5.16 trillion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. The company had revenue of $114.48 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.85 EPS. On average, analysts anticipate that Apple Inc. will post 9.45 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced 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. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple’s payout ratio is 12.04%.

Key Headlines Impacting Apple

Here are a few of the latest headlines about AAPL:

• Neutral Sentiment: Google is bringing its Gemini assistant to Apple CarPlay, adding a new AI feature for iPhone users. The partnership may improve CarPlay’s utility, though the assistant is Google’s service rather than Apple’s. Google Brings Gemini Live to Apple CarPlay
• Negative Sentiment: Higher memory-chip prices are a near-term margin risk. Apple’s December-quarter gross-margin outlook was reported below analyst expectations, despite record quarterly sales, raising concerns that component costs could weigh on profitability. Why Apple Stock Fell Despite a Record Quarter
• Negative Sentiment: Some analysts and investors view AAPL as expensive after its strong run, while recent coverage shows disagreement on the outlook, including a DZ Bank downgrade to Sell. Rich valuation leaves less room for disappointment. Apple Shares Look Expensive Heading into 2027

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.