3,459 Apple Inc. $AAPL Shares Bought by Titleist Asset Management LLC

Titleist Asset Management LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,632 shares of the iPhone maker’s stock after acquiring an additional 3,459 shares during the period. Apple comprises 1.7% of Titleist Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. Titleist Asset Management LLC’s holdings in Apple were worth $25,853,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Prospect Hill Management LLC bought a new stake in shares of Apple in the 2nd quarter worth $146,370,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Apple in the second quarter valued at about $168,646,000. Wealthfront Advisers LLC purchased a new stake in shares of Apple in the second quarter valued at about $482,388,000. Satovsky Asset Management LLC bought a new position in shares of Apple during the second quarter valued at about $16,064,000. Finally, Saranac Partners Ltd bought a new position in shares of Apple during the second quarter valued at about $9,513,000. Institutional investors own 67.73% of the company’s stock.

Trending Headlines about 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.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AAPL. Piper Sandler began coverage on shares of Apple in a report on Monday, August 17th. They set an “overweight” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Apple in a research note on Monday, August 17th. They issued a “buy” rating for the company. Phillip Securities increased their price objective on shares of Apple from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. DA Davidson reissued a “neutral” rating and set a $270.00 target price on shares of Apple in a research report on Wednesday, September 2nd. Finally, Rothschild & Co Redburn set a $400.00 target price on Apple and gave the stock a “buy” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $340.39.

Apple Stock Performance

NASDAQ AAPL traded up $1.46 during trading hours on Friday, reaching $343.46. 59,879,121 shares of the company were exchanged, compared to its average volume of 38,324,512. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $348.15. The business’s 50 day simple moving average is $325.83 and its 200-day simple moving average is $306.16. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5.01 trillion, a P/E ratio of 39.39, a P/E/G ratio of 2.71 and a beta of 1.07.

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

Apple Dividend Announcement

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

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 46,389 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 Apple stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the sale, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. This trade represents a 29.90% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 281,782 shares of company stock worth $93,740,172. 0.06% of the stock is currently owned by company insiders.

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.