1,837 Apple Inc. $AAPL Shares Sold by Green Ridge Wealth Planning LLC

Key Points

• Green Ridge Wealth Planning reduced its Apple stake by 5.7%, selling 1,837 shares and retaining 30,252 shares valued at approximately $10.1 million. Institutional investors collectively own 67.73% of Apple.
• Analysts remain broadly positive, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $340.39. The company also exceeded quarterly earnings and revenue expectations, reporting $2.02 in EPS and $109.42 billion in revenue.
• Apple shares opened at $343.46, near their 52-week high, while recent developments present both opportunities and risks: strong premium iPhone demand and AI partnerships contrast with regulatory pressure, concerns about AI competitiveness, and potential weakening iPhone demand.

Green Ridge Wealth Planning LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,252 shares of the iPhone maker's stock after selling 1,837 shares during the period. Apple comprises about 4.1% of Green Ridge Wealth Planning LLC's portfolio, making the stock its 8th biggest position. Green Ridge Wealth Planning LLC's holdings in Apple were worth $10,074,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Berkshire Hathaway Inc acquired a new stake in Apple in the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE purchased a new position in Apple in the second quarter worth approximately $36,986,090,000. Legal & General Group Plc purchased a new position in Apple in the second quarter worth approximately $30,443,242,000. Deutsche Bank AG acquired a new position in Apple during the 2nd quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Apple during the 2nd quarter worth approximately $10,588,946,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Apple

In other news, CEO John Ternus sold 25,412 shares of the business's stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $345.00, for a total transaction of $827,655.00. Following the sale, the senior vice president owned 37,194 shares of the company's stock, valued at $12,831,930. This represents a 6.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 281,782 shares of company stock worth $93,740,172 in the last ninety days. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AAPL shares. Bank of America reissued a "buy" rating and issued a $370.00 price objective on shares of Apple in a research report on Wednesday, September 23rd. Morgan Stanley set a $355.00 price objective on shares of Apple and gave the stock an "overweight" rating in a research report on Thursday, October 1st. KeyCorp reaffirmed an "underweight" rating on shares of Apple in a research report on Thursday. TD Cowen reiterated a "buy" rating and set a $400.00 target price on shares of Apple in a research note on Thursday, September 10th. Finally, DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price for the company. in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $340.39.

Apple Price Performance

Shares of NASDAQ AAPL opened at $343.46 on Friday. 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 fifty-two week low of $243.42 and a fifty-two week high of $348.15. The firm has a market capitalization of $5.01 trillion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. The stock's 50-day simple moving average is $325.83 and its 200-day simple moving average is $306.16.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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. The firm had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 earnings per share. As a group, equities research analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend 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 presently 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $1,999 iPhone Duo reportedly sold out within minutes of preorders opening, with delivery estimates pushed into 2027. The response suggests strong pricing power and could establish a significant new premium product category. Apple blames extraordinary demand as foldable iPhones sell out
• Positive Sentiment: Evercore ISI said the iPhone Duo’s extended lead times support its Buy rating and $380 price target. Investors view the launch as a potential catalyst for higher average selling prices and iPhone revenue. Apple early iPhone demand supports Buy rating
• Positive Sentiment: Apple and Meta are collaborating to run Meta’s 816-billion-parameter Muse Spark Open AI model locally on high-end Macs. The partnership may strengthen Mac demand for AI workloads and improve Apple’s AI positioning without requiring a competing mega-scale model. Apple and Meta team up on AI
• Neutral Sentiment: UBS cautioned that iPhone demand could weaken, highlighting the risk that strong initial foldable-phone interest may not translate into sustained volume. Apple’s roughly $5 trillion valuation also leaves the stock dependent on continued execution.
• Negative Sentiment: UK regulators are preparing a legal fight that could require Apple to give competing payment providers access to technology behind Apple Pay’s tap-to-pay functionality. A forced opening could weaken the payments ecosystem and create compliance costs. Apple set for UK legal fight over tap-to-pay rules
• Negative Sentiment: Apple faces ongoing concerns about lagging rivals in AI infrastructure and advanced assistants. Reports that some iPhone 18 Pro component orders were reduced add to questions about future handset demand.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares worth approximately $828,000. The transaction is small relative to Apple’s size but represents another insider sale and may have modest signaling value.

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.

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