Firethorn Wealth Partners LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 11.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,730 shares of the iPhone maker’s stock after purchasing an additional 2,836 shares during the quarter. Apple makes up 2.9% of Firethorn Wealth Partners LLC’s holdings, making the stock its 7th biggest holding. Firethorn Wealth Partners LLC’s holdings in Apple were worth $7,315,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Baker Boyer National Bank raised its stake in shares of Apple by 0.3% during the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock valued at $3,695,000 after acquiring an additional 47 shares during the last quarter. Beddow Capital Management Inc. raised its position in Apple by 1.8% during the 2nd quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker’s stock worth $533,000 after purchasing an additional 47 shares during the last quarter. Red Tortoise LLC lifted its holdings in Apple by 0.9% during the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after buying an additional 49 shares during the period. SigFig Wealth Management LLC grew its position in shares of Apple by 2.8% in the 2nd quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after buying an additional 50 shares during the last quarter. Finally, Shariaportfolio Inc. grew its position in shares of Apple by 1.3% in the 2nd quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock valued at $820,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
Apple Trading Down 1.0%
Shares of Apple stock opened at $270.92 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.86 and a current ratio of 0.89. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62. The stock has a 50 day moving average price of $270.62 and a two-hundred day moving average price of $240.31. The stock has a market capitalization of $4.00 trillion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.56 and a beta of 1.10.
Apple Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s dividend payout ratio is currently 13.92%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on AAPL shares. Wedbush set a $350.00 price objective on Apple and gave the stock an “outperform” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. lifted their target price on shares of Apple from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Sanford C. Bernstein set a $325.00 price target on Apple in a report on Monday, November 3rd. Cowen reissued a “buy” rating on shares of Apple in a research note on Monday, October 27th. Finally, Wells Fargo & Company set a $300.00 target price on Apple and gave the stock an “overweight” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $283.92.
View Our Latest Stock Analysis on Apple
Insider Buying and Selling at Apple
In other Apple news, CFO Kevan Parekh sold 4,199 shares of Apple stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the transaction, the chief financial officer owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. This represents a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is currently owned by corporate insiders.
Apple News Summary
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Wall Street bullishness: multiple firms raised targets and highlighted upside tied to AI initiatives and iPhone strength — Morgan Stanley raised its target and analysts (including Wedbush) see material upside into 2026. Morgan Stanley Lifts Apple Inc. (AAPL) Price Target on Earnings Growth Expectations Apple (AAPL) Stock: Wall Street Analysts See Major Upside as AI Plans Unfold
- Positive Sentiment: iPhone demand momentum: Jefferies raised its target after stronger-than-expected iPhone sales/seasonality, supporting near-term revenue and Services leverage. Apple (AAPL) Target Raised as Jefferies Sees Stronger iPhone Demand
- Positive Sentiment: Product / AI runway: reports say Apple is targeting 2026 launches for AI smart glasses and camera-equipped AirPods — potential new hardware + AI services revenue streams. Apple Targets 2026 Launch For AI Smart Glasses, Camera-Equipped AirPods
- Neutral Sentiment: Investor flows & positioning: commentary anticipates year‑end rotation and a potential Q1 shift out of overbought mega‑cap tech into cyclical names, which could pressure AAPL temporarily even if fundamentals remain solid. Tech Rotation to Follow Santa Claus Rally, AAPL 2026 “Favorite”
- Neutral Sentiment: Berkshire chatter: pieces predicting Berkshire may stop selling AAPL in 2026 are supportive of long-term holder confidence but are speculative and may have limited immediate flow impact. Prediction: Berkshire Hathaway Will Stop Selling Apple Stock in 2026
- Negative Sentiment: Regulatory hit in Europe: Italy’s antitrust authority fined Apple ~€98.6M for alleged App Store abuse tied to a privacy feature — a small direct cost but a reminder of regulatory risk and potential for follow‑on actions. Italy’s antitrust fines Apple for alleged abuse of dominant position with App Store
- Negative Sentiment: Input‑cost and margin pressure risk: commentators warn rising memory prices (Micron) could squeeze iPhone component costs and margins if not offset by pricing or mix. Jim Cramer Says “Apple Might Be Hurt By Higher Memory Prices From Micron”
About Apple
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
Further Reading
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