11,151 Apple Inc. $AAPL Shares Purchased by Family Legacy Financial Solutions LLC

Key Points

• Family Legacy Financial Solutions LLC increased its Apple stake by 654.8% in the third quarter, purchasing 11,151 additional shares and bringing its total holdings to 12,854 shares valued at approximately $4.28 million.
• Apple reported quarterly EPS of $2.02, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also declared a quarterly dividend of $0.27 per share.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.39, though company insiders—including CEO Tim Cook—recently sold shares primarily to cover tax obligations related to vested equity awards.

Family Legacy Financial Solutions LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 654.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,854 shares of the iPhone maker's stock after buying an additional 11,151 shares during the period. Apple accounts for approximately 2.5% of Family Legacy Financial Solutions LLC's portfolio, making the stock its 11th biggest holding. Family Legacy Financial Solutions LLC's holdings in Apple were worth $4,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Canandaigua National Bank & Trust Co. lifted its holdings in shares of Apple by 4.6% during the third quarter. Canandaigua National Bank & Trust Co. now owns 115,574 shares of the iPhone maker's stock worth $38,096,000 after buying an additional 5,038 shares during the last quarter. Baring Financial LLC boosted its position in shares of Apple by 8.8% in the third quarter. Baring Financial LLC now owns 12,162 shares of the iPhone maker's stock valued at $4,050,000 after acquiring an additional 981 shares during the period. Bath Savings Trust Co boosted its position in shares of Apple by 37.5% in the third quarter. Bath Savings Trust Co now owns 365,525 shares of the iPhone maker's stock valued at $115,491,000 after acquiring an additional 99,601 shares during the period. Greenfield Savings Bank grew its stake in shares of Apple by 1.1% in the third quarter. Greenfield Savings Bank now owns 65,277 shares of the iPhone maker's stock worth $21,664,000 after acquiring an additional 702 shares during the last quarter. Finally, Cassilly Financial Group LLC grew its stake in shares of Apple by 58.7% in the third quarter. Cassilly Financial Group LLC now owns 2,324 shares of the iPhone maker's stock worth $774,000 after acquiring an additional 860 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ:AAPL opened at $342.00 on Friday. The firm has a 50 day moving average of $325.23 and a 200-day moving average of $305.90. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $348.15. The stock has a market capitalization of $4.99 trillion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the business posted $1.57 earnings per share. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal 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 $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 is 12.39%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Loop Capital set a $380.00 target price on Apple in a research report on Friday, September 18th. Phillip Securities boosted their price objective on Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a research report on Monday, September 14th. Deutsche Bank Aktiengesellschaft cut Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. DA Davidson restated a "neutral" rating and issued a $270.00 target price on shares of Apple in a research note on Wednesday, September 2nd. Finally, Raymond James Financial restated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.39.

Insider Buying and Selling

In other news, SVP Deirdre O'brien sold 46,389 shares of Apple 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 transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Timothy D. Cook sold 191,753 shares of Apple stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the transaction, the insider owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This represents a 5.55% 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. Insiders have sold 281,782 shares of company stock valued at $93,740,172 over the last 90 days. Company insiders own 0.06% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple and Meta Platforms are collaborating to let developers run Meta’s large Muse AI model locally on high-end Mac computers. The partnership could strengthen the Mac’s appeal for AI workloads while reducing reliance on cloud computing. Apple and Meta team up to make Muse AI model run on Mac computers
• Positive Sentiment: Apple’s first foldable iPhone, the 7.6-inch iPhone Duo, begins preorders Friday. A successful launch could open a new premium product category and support revenue growth, although its high price makes demand uncertain. iPhone Duo preorders begin Friday
• Positive Sentiment: Apple recently closed above a $5 trillion market capitalization, reinforcing investor confidence and highlighting the stock’s recent momentum. Reports also indicate Apple Intelligence may finally launch in mainland China in December, expanding the potential user base. Apple tops $5 trillion valuation
• Neutral Sentiment: The China AI rollout is reportedly limited and may exclude the upgraded Siri and Genmoji features, making the launch strategically important but less compelling than a full-featured release. Apple Intelligence in China
• Negative Sentiment: Analysts and commentators remain concerned that Apple is spending less on AI than rivals and could fall behind in advanced assistants, while the stock’s elevated valuation leaves less room for execution disappointments. Reported iPhone 18 Pro component-order reductions add to demand concerns. Apple reportedly cuts iPhone 18 orders
• Negative Sentiment: Apple is challenging a $5.7 billion damages ruling in a patent case, while OpenAI alleges that a former employee who joined Apple took confidential information about an unreleased device. Both matters create potential financial and reputational risk. Apple challenges Taction damages ruling
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 Apple shares for approximately $828,000. The transaction is relatively small compared with Apple’s market value, but insider selling can add modest short-term pressure.

About Apple

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.

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