Apple Inc. $AAPL Shares Purchased by Plan A Wealth LLC

Plan A Wealth LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 426.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 54,846 shares of the iPhone maker’s stock after acquiring an additional 44,431 shares during the quarter. Apple makes up 6.2% of Plan A Wealth LLC’s portfolio, making the stock its 3rd biggest holding. Plan A Wealth LLC’s holdings in Apple were worth $18,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AAPL. Prospect Hill Management LLC acquired a new position in shares of Apple in the 2nd quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $168,646,000. Wealthfront Advisers LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $482,388,000. Satovsky Asset Management LLC purchased a new stake in Apple in the 2nd quarter valued at about $16,064,000. Finally, Saranac Partners Ltd purchased a new stake in Apple in the 2nd quarter valued at about $9,513,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other Apple news, insider Timothy Cook sold 191,753 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the sale, the insider directly owned 3,264,168 shares in the company, valued at $1,086,837,377.28. This represents a 5.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 that occurred on Tuesday, October 13th. The shares were sold at an average price of $345.00, for a total transaction of $827,655.00. Following the completion of the transaction, the senior vice president directly owned 37,194 shares of the company’s stock, valued at $12,831,930. This represents a 6.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 281,782 shares of company stock valued at $93,740,172 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. KGI Securities cut shares of Apple from an “outperform” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Monday, June 22nd. Citigroup reiterated a “buy” rating on shares of Apple in a research report on Thursday, September 10th. DA Davidson reissued a “neutral” rating and issued a $270.00 price target on shares of Apple in a research note on Wednesday, September 2nd. Moffett Nathanson reissued a “neutral” rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. Finally, Arete Research upped their price objective on shares of Apple from $305.00 to $335.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.39.

Apple Stock Up 0.4%

Shares of AAPL traded up $1.46 during mid-day trading on Friday, hitting $343.46. 59,879,121 shares of the company’s stock were exchanged, compared to its average volume of 38,324,512. The company has a market cap of $5.01 trillion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 2.71 and a beta of 1.07. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $348.15. 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 stock’s 50-day moving average is $325.83 and its 200-day moving average is $306.16.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s dividend payout ratio is presently 12.39%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $1,999 iPhone Duo reportedly sold out within minutes of preorders opening, with delivery estimates pushed into 2027. The response suggests strong pricing power and could establish a significant new premium product category. Apple blames extraordinary demand as foldable iPhones sell out
• Positive Sentiment: Evercore ISI said the iPhone Duo’s extended lead times support its Buy rating and $380 price target. Investors view the launch as a potential catalyst for higher average selling prices and iPhone revenue. Apple early iPhone demand supports Buy rating
• Positive Sentiment: Apple and Meta are collaborating to run Meta’s 816-billion-parameter Muse Spark Open AI model locally on high-end Macs. The partnership may strengthen Mac demand for AI workloads and improve Apple’s AI positioning without requiring a competing mega-scale model. Apple and Meta team up on AI
• Neutral Sentiment: UBS cautioned that iPhone demand could weaken, highlighting the risk that strong initial foldable-phone interest may not translate into sustained volume. Apple’s roughly $5 trillion valuation also leaves the stock dependent on continued execution.
• Negative Sentiment: UK regulators are preparing a legal fight that could require Apple to give competing payment providers access to technology behind Apple Pay’s tap-to-pay functionality. A forced opening could weaken the payments ecosystem and create compliance costs. Apple set for UK legal fight over tap-to-pay rules
• Negative Sentiment: Apple faces ongoing concerns about lagging rivals in AI infrastructure and advanced assistants. Reports that some iPhone 18 Pro component orders were reduced add to questions about future handset demand.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares worth approximately $828,000. The transaction is small relative to Apple’s size but represents another insider sale and may have modest signaling value.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.