Apple Inc. $AAPL Shares Purchased by Selective Wealth Management Inc.

Selective Wealth Management Inc. lifted its position in Apple Inc. (NASDAQ:AAPL) by 11.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,090 shares of the iPhone maker’s stock after purchasing an additional 3,258 shares during the quarter. Apple accounts for about 2.5% of Selective Wealth Management Inc.’s holdings, making the stock its 6th largest holding. Selective Wealth Management Inc.’s holdings in Apple were worth $10,975,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of AAPL. Avenir Tech Ltd bought a new position in Apple during the second quarter valued at approximately $29,000. Ironwood Wealth Management Inc. purchased a new position in shares of Apple during the third quarter worth approximately $34,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Apple during the second quarter worth approximately $30,000. ABS Investment Management LLC bought a new stake in shares of Apple in the 2nd quarter worth approximately $376,168,000. Finally, Bamco Inc. NY bought a new stake in shares of Apple in the 2nd quarter worth approximately $118,000. 67.73% of the stock is currently owned by institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

Insider Activity

In related news, CEO John Ternus sold 25,412 shares of Apple stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the transaction, the chief executive officer directly owned 59,567 shares of the company’s stock, valued at $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. The sale 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 Deirdre O’brien sold 46,389 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. 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 289,252 shares of company stock valued at $96,301,063. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AAPL shares. Citigroup reaffirmed a “buy” rating on shares of Apple in a research note on Thursday, September 10th. Seaport Research Partners lowered shares of Apple from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. The Goldman Sachs Group began coverage on shares of Apple in a research report on Monday, August 17th. They issued a “buy” rating on the stock. UBS Group reissued a “neutral” rating on shares of Apple in a research note on Tuesday, October 6th. Finally, China Renaissance downgraded shares of Apple from a “buy” rating to a “hold” rating and lowered their price target for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $340.49.

Apple Price Performance

AAPL opened at $344.63 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $333.04 and its 200 day simple moving average is $296.38. The firm has a market cap of $5.03 trillion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.76 and a beta of 1.07. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $351.73.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. As a group, analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

About Apple

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.