Apple Inc. $AAPL Shares Newly Bought by Neumann Capital Management LLC

Neumann Capital Management LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 72,745 shares of the iPhone maker’s stock, valued at approximately $24,226,000. Apple accounts for 6.1% of Neumann Capital Management LLC’s holdings, making the stock its 3rd largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Wealth Management Inc. increased its holdings in Apple by 0.3% during the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after acquiring an additional 30 shares during the period. Thor Investment Management Inc. OH ADV boosted its holdings in Apple by 1.6% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock valued at $637,000 after purchasing an additional 30 shares during the period. Evansbrook LLC boosted its holdings in Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after purchasing an additional 34 shares during the period. JMG Financial Group Ltd. boosted its holdings in Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock valued at $1,295,000 after purchasing an additional 35 shares during the period. Finally, Wealth Forward LLC boosted its holdings in Apple by 0.3% in the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock valued at $4,438,000 after purchasing an additional 35 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Down 0.9%

Shares of Apple stock opened at $343.83 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $351.73. The firm has a market cap of $5.02 trillion, a PE ratio of 39.43, a PEG ratio of 2.75 and a beta of 1.07. The company has a 50 day simple moving average of $331.73 and a two-hundred day simple moving average of $295.51.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 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 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 in the prior year, the firm earned $1.57 EPS. Analysts expect that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled its first touchscreen MacBook Pro, featuring tandem OLED technology, up to 2,000-nit brightness, 120Hz refresh rates, and higher-end M5 Pro and M5 Max chips. The launch could support Mac revenue, premium pricing and a broader hardware upgrade cycle. Apple Stock: Slip Despite MacBook Pro Launch With Tandem OLED Display
• Positive Sentiment: Analyst support remains a modest tailwind. Monness, Crespi, Hardt raised its Apple price target to $355, while early iPhone 18 Pro sales were reportedly 3.1% above the prior model, including particularly strong growth in China. Wall Street Analyst Updates Apple Stock Target Ahead of Earnings
• Neutral Sentiment: Apple is approaching its November 2 earnings report after a lengthy run of earnings beats. Investors are looking for evidence that iPhone demand, services growth and artificial-intelligence initiatives can justify a valuation near 40 times earnings. Seeking Clues to Apple Q4 Earnings
• Negative Sentiment: The touchscreen MacBook Pro starts at approximately $2,899, raising concerns that premium pricing could limit adoption. Investors also face broader pressure from rising memory costs, expensive technology valuations and potentially higher interest rates. Apple’s Touchscreen MacBook Pro Pushes Laptop Pricing Higher
• Negative Sentiment: Apple is offering replacements after reports that screens on its $1,999 foldable iPhone Duo cracked near the hinge. The issue threatens customer confidence and could increase warranty or recall costs just as the company launches a major new product category. Apple Shows First Touchscreen Laptops Amid Product Blitz
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million for allegedly forcing developers toward their payment systems and delaying app reviews, adding to regulatory risks around Apple’s services business. South Korea Fines Google and Apple Over App Market Practices

Insider Activity at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $339.62, for a total value of $814,748.38. Following the transaction, the senior vice president owned 34,795 shares of the company’s stock, valued at $11,817,077.90. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 46,389 shares of the stock in a transaction 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 completion of the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This represents a 25.32% 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. Insiders sold a total of 286,853 shares of company stock worth $95,477,342 in the last three months. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen restated a “buy” rating and set a $400.00 price target on shares of Apple in a research report on Thursday, September 10th. BTIG Research initiated coverage on Apple in a research report on Monday, August 17th. They issued a “neutral” rating on the stock. Yorkville Ives started coverage on Apple in a research note on Tuesday, October 6th. They set an “outperform” rating and a $400.00 price objective for the company. China Renaissance cut 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 research report on Tuesday, August 4th. Finally, Phillip Securities upped their target price on Apple from $290.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $340.59.

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.