Olstein Capital Management L.P. Sells 10,000 Shares of Apple Inc. $AAPL

Olstein Capital Management L.P. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 38.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,000 shares of the iPhone maker’s stock after selling 10,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Apple were worth $4,074,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ryan Investment Management Inc. purchased a new stake in shares of Apple during the second quarter worth $31,000. ROSS JOHNSON & Associates LLC raised its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares during the period. Nexus Investment Management ULC lifted its holdings in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares in the last quarter. LSV Asset Management bought a new position in Apple in the 4th quarter worth about $65,000. Finally, Morgan Dempsey Capital Management LLC boosted its stake in Apple by 41.0% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker’s stock worth $88,000 after purchasing an additional 125 shares during the period. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TD Cowen upped their price target on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Loop Capital reaffirmed a “buy” rating and set a $325.00 target price (up previously from $315.00) on shares of Apple in a report on Tuesday, December 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research note on Wednesday, December 3rd. Melius Research set a $345.00 price target on shares of Apple in a research report on Friday, October 31st. Finally, CLSA upped their price target on shares of Apple from $265.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $284.07.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $255.53 on Tuesday. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The firm has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 34.21, a PEG ratio of 2.39 and a beta of 1.09. The company’s fifty day moving average price is $271.51 and its 200-day moving average price is $249.32.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a net margin of 26.92% and a return on equity of 164.05%. The company had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given a dividend of $0.26 per share. The ex-dividend date was Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is 13.92%.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 3,752 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the sale, the insider owned 15,098 shares in the company, valued at $4,095,030.54. The trade was a 19.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Holiday-quarter strength in China: iPhone 17 shipments rebounded and Apple reclaimed the top spot in China’s smartphone market, supporting revenue durability in a key region. Apple tops China smartphone sales as iPhone 17 defies chip shortage
• Positive Sentiment: Profitability improvement: Reports highlight Apple achieved ~+13% adjusted EPS growth, reinforcing that earnings momentum remains intact even as investors debate valuation. Apple (AAPL) Achieved an Adjusted EPS Growth of +13%
• Positive Sentiment: Apple Card shift to JPMorgan: JPMorgan Chase taking over the Apple Card from Goldman Sachs signals a strategic partner move that may stabilize the card program and payments revenue. JPMorgan Chase Is About to Take Over the Apple Card Business From Goldman Sachs. Here’s What Investors Need to Know.
• Neutral Sentiment: Siri AI collaboration with Google: Apple’s move to integrate Google’s Gemini into Siri could boost AI capabilities but raises strategic questions about Google reliance and long-term differentiation. Impact depends on execution and regulatory optics. As Apple Teams Up with Google on Siri AI Upgrades, Should You Buy AAPL Stock?
• Neutral Sentiment: App ecosystem signal: New Apple Watch apps (e.g., MOJO KING) show continued third‑party innovation leveraging Apple’s wearables, a modest positive for Services/Hardware attach but not a material driver alone. 6Letters Launches “MOJO KING,” an Apple Watch-Based iOS App for Non-Invasive Testosterone Monitoring
• Negative Sentiment: Regulatory risk in India: A key antitrust hearing is set for Jan. 27, adding near-term legal and market-access uncertainty in a large growth market. Traders may be marking down risk exposure ahead of the date. Dear Apple Stock Fans, Mark Your Calendars for January 27
• Negative Sentiment: Sentiment and positioning: Jim Cramer said it “worries” him that buyers haven’t stepped in, reflecting cautious retail/institutional appetite and contributing to short‑term selling pressure. Jim Cramer on Apple: “It worries me that the buyers haven’t figured out to buy it yet”
• Negative Sentiment: Macro/sector rotation: Coverage notes the “Magnificent Seven” are diverging as the AI trade cools; that group-level rotation is pressuring Apple alongside some hedge fund stake trimming. The Magnificent Seven Drove Markets. Now They’re Pulling in Different Directions.

Apple Profile

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.