Apple Inc. $AAPL Stock Sold by NORTHSTAR ASSET MANAGEMENT Co

NORTHSTAR ASSET MANAGEMENT Co decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,789 shares of the iPhone maker’s stock after selling 3,005 shares during the quarter. Apple accounts for about 9.4% of NORTHSTAR ASSET MANAGEMENT Co’s holdings, making the stock its 2nd largest holding. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Apple were worth $51,870,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Sterling Wealth Management Inc. lifted its position in shares of Apple by 0.3% during the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock valued at $3,351,000 after buying an additional 30 shares in the last quarter. Thor Investment Management Inc. OH ADV increased its holdings in Apple by 1.6% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock worth $637,000 after acquiring an additional 30 shares in the last quarter. Evansbrook LLC increased its holdings in Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. raised its position in Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after acquiring an additional 35 shares during the period. Finally, Wealth Forward LLC raised its position in Apple by 0.3% during the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock worth $4,438,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Recent Apple Headlines

These are some of the AAPL headlines that stood out recently:

• Positive Sentiment: Apple recently reached a record high, with one analyst describing the stock as a “safe haven” amid market turmoil. CIBC also included AAPL among its post-election stock picks. Apple Stock Called ‘Safe Haven,’ Hits Record High
• 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: 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

Insider Buying and Selling

In related news, insider Timothy D. Cook sold 191,753 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $332.01, for a total transaction of $796,491.99. Following the sale, the senior vice president owned 39,593 shares of the company’s stock, valued at approximately $13,145,271.93. The trade was a 5.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 292,611 shares of company stock worth $97,482,597 in the last quarter. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

NASDAQ:AAPL opened at $354.88 on Friday. Apple Inc. has a one year low of $243.42 and a one year high of $359.37. The stock has a market cap of $5.16 trillion, a PE ratio of 39.56, a P/E/G ratio of 3.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a 50 day moving average price of $338.48 and a 200 day moving average price of $300.56.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. Equities research analysts expect that Apple Inc. will post 9.45 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. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple’s payout ratio is currently 12.04%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. DZ Bank downgraded shares of 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. Melius Research set a $370.00 price target on shares of Apple in a research report on Tuesday, November 3rd. Citic Securities upped their price target on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Barclays raised their price target on shares of Apple from $245.00 to $261.00 and gave the company an “underweight” rating in a research note on Tuesday, November 3rd. Finally, Evercore reiterated an “outperform” rating on shares of Apple in a research note on Tuesday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $347.11.

Apple 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.