1,526 Apple Inc. $AAPL Shares Sold by Comprehensive Financial Consultants Institutional Inc.

Key Points

• Comprehensive Financial Consultants Institutional Inc. cut its Apple stake by 5.4% in the third quarter, selling 1,526 shares and retaining 26,618 shares valued at approximately $8.9 million. Apple remains the firm’s second-largest holding and represents about 2.4% of its portfolio.
• Institutional investors collectively own 67.73% of Apple, while analyst sentiment remains favorable: the stock has a consensus “Moderate Buy” rating and an average price target of $340.59.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding estimates, while shares traded near $343.83 with a market capitalization of roughly $5.02 trillion. Recent risks include premium product pricing, regulatory scrutiny and insider share sales made to cover tax obligations.

Comprehensive Financial Consultants Institutional Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,618 shares of the iPhone maker's stock after selling 1,526 shares during the quarter. Apple comprises approximately 2.4% of Comprehensive Financial Consultants Institutional Inc.'s investment portfolio, making the stock its 2nd largest position. Comprehensive Financial Consultants Institutional Inc.'s holdings in Apple were worth $8,865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock valued at $182,897,769,000 after acquiring an additional 28,321,085 shares during the last quarter. Berkshire Hathaway Inc acquired a new stake in Apple during the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE acquired a new stake in Apple during the 2nd quarter worth about $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple during the 2nd quarter worth about $30,443,242,000. Finally, Amundi raised its position in shares of Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AAPL shares. Yorkville Ives initiated coverage on Apple in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $400.00 price objective on the stock. Wells Fargo & Company restated an "overweight" rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research report on Friday, July 31st. HSBC reaffirmed a "buy" rating on shares of Apple in a research note on Tuesday. Rosenblatt Securities reaffirmed a "neutral" rating and set a $303.00 target price on shares of Apple in a research note on Thursday, September 10th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.59.

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 Transactions at Apple

In other Apple news, CEO John Ternus sold 25,412 shares of the business's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the sale, the chief executive officer owned 59,567 shares in the company, valued at approximately $19,832,236.98. The trade was a 29.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 the business's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the sale, the insider owned 3,264,168 shares of the company's stock, valued at $1,086,837,377.28. This trade represents a 5.55% 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 have sold 286,853 shares of company stock valued at $95,477,342 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 0.9%

Shares of NASDAQ:AAPL opened at $343.83 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The business's 50 day simple moving average is $331.73 and its two-hundred day simple moving average is $295.51. The firm has a market cap of $5.02 trillion, a P/E ratio of 39.43, a PEG ratio of 2.75 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS 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 company's quarterly revenue was up 16.4% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple 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.

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