Apple Inc. $AAPL Stock Sold by Maryland Capital Advisors Inc.

Maryland Capital Advisors Inc. cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,490 shares of the iPhone maker’s stock after selling 2,772 shares during the quarter. Apple accounts for about 4.3% of Maryland Capital Advisors Inc.’s portfolio, making the stock its 6th biggest holding. Maryland Capital Advisors Inc.’s holdings in Apple were worth $13,816,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mystic Asset Management Inc. increased its position in shares of Apple by 6.9% during the 3rd quarter. Mystic Asset Management Inc. now owns 107,630 shares of the iPhone maker’s stock worth $34,922,000 after purchasing an additional 6,948 shares during the last quarter. TT Capital Management LLC boosted its holdings in shares of Apple by 63.3% in the 3rd quarter. TT Capital Management LLC now owns 1,212 shares of the iPhone maker’s stock valued at $404,000 after buying an additional 470 shares during the last quarter. Charles Schwab Trust Co boosted its holdings in shares of Apple by 4.0% in the 3rd quarter. Charles Schwab Trust Co now owns 56,435 shares of the iPhone maker’s stock valued at $18,794,000 after buying an additional 2,177 shares during the last quarter. Gunderson Capital Management LLC boosted its holdings in shares of Apple by 14.9% in the 3rd quarter. Gunderson Capital Management LLC now owns 10,739 shares of the iPhone maker’s stock valued at $3,576,000 after buying an additional 1,394 shares during the last quarter. Finally, SBE LLC DBA Cedar Cove Wealth Partners grew its stake in shares of Apple by 1.8% in the third quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 6,376 shares of the iPhone maker’s stock valued at $2,123,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Demand for Apple’s first foldable iPhone Duo has substantially exceeded supply. The $1,999 device reportedly sold out within minutes, delivery estimates extend into January, and Apple is said to be seeking as much as 30% more production capacity. This supports hopes for a new high-margin growth category and a broader iPhone upgrade cycle. Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
• Positive Sentiment: Initial global sales of the iPhone 18 Pro were 3.1% above the prior-generation Pro models, including a 29% increase in China. Strong premium-phone demand could help Apple’s revenue and services ecosystem. Initial global sales of Apple iPhone 18 Pro higher than 17 series
• Positive Sentiment: Apple launched an M6-powered 24-inch iMac and 14-inch MacBook Pro, promoting faster performance and on-device AI capabilities. The refresh could lift Mac sales and support Apple’s longer-term AI hardware strategy. Apple introduces the new 14-inch MacBook Pro with M6
• Neutral Sentiment: Apple also released iOS 27.2 with expanded Siri AI language support, security improvements and new features for the iPhone Duo. These updates may strengthen the ecosystem, but their near-term financial impact is uncertain. Apple rolls out iOS 27.2 with new Siri AI languages and security fixes
• Negative Sentiment: Some iPhone Duo owners report cracks and bright lines near the hinge. Apple acknowledged the display issue and is offering replacements, while teardown reports point to a possible hinge-related design problem. Potential warranty costs and reputational damage threaten the new product’s momentum. Some iPhone Duo owners say Apple’s foldable cracked within hours
• Negative Sentiment: Loop Capital downgraded Apple to Hold and cut its price target to $330, citing possible iPhone shipment reductions and rising memory costs. At nearly 40 times earnings, investors may require strong December-quarter guidance to justify the valuation. Loop Capital Lowers Apple Stock Price Target on iPhone Shipment Concerns

Wall Street Analysts Forecast Growth

AAPL has been the topic of several analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Seaport Research Partners downgraded shares of Apple from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Oppenheimer restated a “market perform” rating on shares of Apple in a research note on Thursday, September 10th. Finally, Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $340.12.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 46,389 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the transaction, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the transaction, the chief executive officer owned 59,567 shares in the company, valued at $19,832,236.98. The trade was a 29.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 286,853 shares of company stock worth $95,477,342 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 0.9%

Shares of AAPL stock opened at $347.10 on Wednesday. The firm has a 50 day moving average price of $331.06 and a two-hundred day moving average price of $295.09. The company has a market capitalization of $5.07 trillion, a PE ratio of 39.81 and a beta of 1.07. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $351.73.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The company’s revenue was up 16.4% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued 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 (DPR) is presently 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.