Apple Inc. $AAPL Stock: Mystic Asset Management Inc. Increases Position

Mystic Asset Management Inc. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,630 shares of the iPhone maker’s stock after acquiring an additional 6,948 shares during the period. Apple accounts for 7.8% of Mystic Asset Management Inc.’s portfolio, making the stock its largest position. Mystic Asset Management Inc.’s holdings in Apple were worth $34,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AAPL. Sterling Wealth Management Inc. raised its holdings in Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after purchasing an additional 30 shares in the last quarter. Thor Investment Management Inc. OH ADV boosted its holdings in shares of 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 buying an additional 30 shares in the last quarter. Evansbrook LLC boosted its holdings in shares of 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 buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. boosted its holdings in shares of 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 buying an additional 35 shares in the last quarter. Finally, Wealth Forward LLC grew its position in shares of Apple by 0.3% in the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock worth $4,438,000 after buying an additional 35 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 0.9%

Shares of Apple stock opened at $347.10 on Wednesday. The firm has a market capitalization of $5.07 trillion, a P/E ratio of 39.81 and a beta of 1.07. The company has a 50 day moving average price of $331.06 and a 200 day moving average price of $295.09. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $351.73.

Apple (NASDAQ:AAPL) last released its 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 company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $1.57 earnings per share. As a group, research analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

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 Analyst Weigh In

AAPL has been the subject of several recent analyst reports. Yorkville Ives initiated coverage on shares of Apple in a research note on Tuesday, October 6th. They set an “outperform” rating and a $400.00 price objective for the company. Evercore reaffirmed an “outperform” rating on shares of Apple in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Apple in a research report on Wednesday, October 21st. DA Davidson reiterated a “neutral” rating and set a $270.00 price objective on shares of Apple in a report on Wednesday, September 2nd. Finally, Piper Sandler initiated coverage on Apple in a report on Monday, August 17th. They set an “overweight” rating for the company. 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 given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $340.12.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $339.62, for a total transaction of $814,748.38. Following the sale, the senior vice president directly owned 34,795 shares of the company’s stock, valued at $11,817,077.90. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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. The trade was a 25.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 286,853 shares of company stock valued at $95,477,342. Company insiders own 0.06% of the company’s stock.

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.