Apple Inc. $AAPL Shares Bought by Stone Summit Wealth LLC

Stone Summit Wealth LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 46.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,368 shares of the iPhone maker’s stock after buying an additional 8,410 shares during the period. Apple makes up about 2.3% of Stone Summit Wealth LLC’s portfolio, making the stock its 12th biggest holding. Stone Summit Wealth LLC’s holdings in Apple were worth $8,287,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MFA Wealth Services boosted its holdings in shares of Apple by 6.6% in the 3rd quarter. MFA Wealth Services now owns 11,583 shares of the iPhone maker’s stock worth $3,807,000 after purchasing an additional 714 shares during the period. XY Planning Network Inc. raised its holdings in Apple by 27.4% during the 3rd quarter. XY Planning Network Inc. now owns 23,712 shares of the iPhone maker’s stock valued at $7,897,000 after buying an additional 5,099 shares during the period. Define Financial LLC raised its holdings in Apple by 105.0% during the 3rd quarter. Define Financial LLC now owns 13,001 shares of the iPhone maker’s stock valued at $4,133,000 after buying an additional 6,659 shares during the period. Red Crane Wealth Management LLC raised its holdings in Apple by 2.8% during the 3rd quarter. Red Crane Wealth Management LLC now owns 12,276 shares of the iPhone maker’s stock valued at $4,088,000 after buying an additional 331 shares during the period. Finally, Signal Advisors Wealth LLC lifted its position in Apple by 14.0% in the third quarter. Signal Advisors Wealth LLC now owns 211,321 shares of the iPhone maker’s stock worth $69,775,000 after buying an additional 25,907 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AAPL. Daiwa Securities Group boosted their price target on shares of Apple from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Yorkville Ives began coverage on shares of Apple in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $400.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Apple from $340.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. TD Cowen reissued a “buy” rating and set a $400.00 price objective on shares of Apple in a report on Thursday, September 10th. Finally, Citigroup reissued a “buy” rating on shares of Apple in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $340.12.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 46,389 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.40, for a total transaction of $442,112.00. Following the transaction, the insider owned 38,288 shares in the company, valued at approximately $13,224,675.20. This trade represents a 3.23% 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 286,853 shares of company stock valued at $95,477,342. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

Shares of AAPL opened at $347.73 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.07 trillion, a PE ratio of 39.88, a P/E/G ratio of 2.75 and a beta of 1.07. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73. The stock has a fifty day moving average price of $329.75 and a 200-day moving average price of $309.34.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the previous year, the business earned $1.57 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm 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 12.39%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand is the primary catalyst. The foldable phone launched globally Friday amid long lines, limited store inventory and reports that preorders are backordered into 2027. Supply-chain reports indicate Apple raised its first-year shipment target by 44%, to roughly 14 million units. The premium product could expand Apple’s addressable market and support revenue growth. Apple fans react as iPhone Duo hits stores
• Positive Sentiment: The launch strengthens Apple’s broader hardware and services roadmap. Analysts are evaluating whether the Duo can drive accessory, software and services revenue, while potential touchscreen Macs, smart-home products and an Apple-Schneider Electric energy-management partnership provide additional growth opportunities. Will Apple take over the smart home
• Positive Sentiment: Apple briefly reclaimed the title of world’s most valuable public company. AAPL approached or surpassed Nvidia’s approximately $5 trillion valuation as Nvidia shares weakened during a broader AI-stock selloff. Investors are treating Apple’s substantial cash generation and lower AI infrastructure spending as a relative safe haven. Apple tops Nvidia in market value
• Neutral Sentiment: The next major test is earnings. Apple’s fiscal fourth-quarter results are expected November 2, with investors looking for evidence that iPhone Duo demand, holiday sales and margins justify a stock trading near 40 times earnings. Analysts remain broadly constructive, but the average price target is close to recent trading levels.
• Negative Sentiment: Execution and valuation risks remain significant. Some early users have reported cracked foldable screens, while reviews cite first-generation glitches, a $2,000 price and limitations involving the camera and apps. These issues could affect returns, customer satisfaction and adoption.
• Negative Sentiment: Insider selling adds a modest cautionary signal. Senior Vice President Jennifer Newstead sold approximately $815,000 of AAPL shares, following several similar sales. The transaction is small relative to Apple’s size but may reinforce concerns that the stock has become expensive.

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.