Apple Inc. $AAPL Position Raised by William Allan Corp

William Allan Corp grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 20.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,012 shares of the iPhone maker’s stock after acquiring an additional 7,545 shares during the quarter. Apple accounts for 7.6% of William Allan Corp’s holdings, making the stock its 2nd biggest position. William Allan Corp’s holdings in Apple were worth $14,202,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. West Wealth Group LLC grew its stake in shares of Apple by 90.4% during the 3rd quarter. West Wealth Group LLC now owns 108,820 shares of the iPhone maker’s stock worth $36,239,000 after acquiring an additional 51,654 shares in the last quarter. Ironwood Wealth Management Inc. acquired a new stake in shares of Apple in the third quarter valued at approximately $34,000. Summit Financial Strategies Inc. lifted its position in shares of Apple by 0.3% in the third quarter. Summit Financial Strategies Inc. now owns 69,651 shares of the iPhone maker’s stock worth $23,195,000 after purchasing an additional 200 shares in the last quarter. Fortune 45 LLC lifted its position in shares of Apple by 4.4% in the third quarter. Fortune 45 LLC now owns 14,032 shares of the iPhone maker’s stock worth $4,673,000 after purchasing an additional 585 shares in the last quarter. Finally, Reliant Investment Management LLC bought a new stake in shares of Apple in the third quarter worth $14,554,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AAPL shares. China Renaissance cut shares of Apple from a “buy” rating to a “hold” rating and reduced their target price for the stock from $329.00 to $280.00 in a report on Tuesday, August 4th. Rothschild & Co Redburn set a $400.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Monday, August 17th. BTIG Research began coverage on shares of Apple in a research report on Monday, August 17th. They set a “neutral” rating on the stock. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.12.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Demand for Apple’s first foldable iPhone Duo appears exceptionally strong, with delivery estimates extending into January. Apple has reportedly asked suppliers to increase production by 30%, suggesting robust consumer interest and potential for a sizable upgrade cycle. Apple’s iPhone Duo Buyers Face a Wait That Could Stretch Into January
• Positive Sentiment: Apple introduced a redesigned iPad mini beginning at $699, featuring an OLED display, A20 Pro chip, improved AI performance, water resistance and Wi-Fi 7. The launch broadens Apple’s higher-end hardware lineup ahead of the holiday season. Apple Unveils $699 OLED iPad Mini
• Positive Sentiment: Apple expanded Siri’s AI language support, including Japanese, indicating continued progress in its artificial-intelligence rollout and global product integration. Apple Expands Siri AI Languages
• Neutral Sentiment: Investors are focused on Apple’s fiscal fourth-quarter results expected November 2. Analysts anticipate continued iPhone, Mac and Services growth, but the stock’s premium valuation leaves limited room for an earnings or outlook disappointment. Why Buying Apple Stock Before Q4 Earnings Could Be Risky
• Negative Sentiment: Users have reported cracks and bright lines near the hinge on some $1,999 iPhone Duo units. Apple acknowledged the issue and said affected devices would be replaced under AppleCare, but the defect creates reputational, warranty-cost and execution risks for an important new product. Apple Responds to Reports of Broken iPhone Duo Screens
• Negative Sentiment: The new iPad mini’s higher starting price may limit demand, while broader concerns about leadership succession, AI execution and rising component costs are adding to investor caution ahead of earnings. Apple Earnings Expected to Grow

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 46,389 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president directly 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 filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ben Borders sold 1,280 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.40, for a total value of $442,112.00. Following the transaction, the insider directly owned 38,288 shares in the company, valued at $13,224,675.20. The trade was a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 286,853 shares of company stock valued at $95,477,342. 0.06% of the stock is owned by company insiders.

Apple Trading Down 1.1%

Shares of Apple stock opened at $343.91 on Tuesday. The stock has a market cap of $5.02 trillion, a P/E ratio of 39.44, a P/E/G ratio of 2.75 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $351.73. The business’s 50 day moving average is $329.47 and its 200-day moving average is $294.25.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share 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 analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $1.57 earnings per share. Equities research analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Apple Company Profile

Apple Inc designs, develops and sells 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 applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.