19,053 Apple Inc. $AAPL Shares Purchased by Boyce & Associates Wealth Consulting Inc.

Key Points

• Boyce & Associates Wealth Consulting increased its Apple stake by 198.9% in the third quarter, purchasing 19,053 additional shares for a total of 28,630 shares valued at approximately $9.5 million. Apple now represents about 5.8% of the firm’s portfolio.
• Institutional investors own 67.73% of Apple’s stock, with major holders including State Street, Berkshire Hathaway, Bank of America and Amundi increasing or establishing positions.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $340.12. Apple recently exceeded earnings expectations, but executives have sold shares and the stock trades at a relatively high price-to-earnings ratio near 40.

Boyce & Associates Wealth Consulting Inc. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 198.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,630 shares of the iPhone maker's stock after buying an additional 19,053 shares during the period. Apple makes up approximately 5.8% of Boyce & Associates Wealth Consulting Inc.'s holdings, making the stock its 2nd largest holding. Boyce & Associates Wealth Consulting Inc.'s holdings in Apple were worth $9,534,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Apple by 4.7% in the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock worth $182,897,769,000 after acquiring an additional 28,321,085 shares during the last quarter. Berkshire Hathaway Inc purchased a new position in shares of Apple during the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE bought a new position in Apple during the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc bought a new position in Apple during the 2nd quarter valued at about $30,443,242,000. Finally, Amundi raised its position in 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 purchasing an additional 13,780,080 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO John Ternus sold 25,412 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the sale, the chief executive officer owned 59,567 shares of the company's stock, valued at $19,832,236.98. This trade represents a 29.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the transaction, the senior vice president owned 41,992 shares in the company, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. CICC Research raised their price objective on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. BTIG Research initiated coverage on Apple in a research note on Monday, August 17th. They set a "neutral" rating on the stock. Rosenblatt Securities reiterated a "neutral" rating and issued a $303.00 price target on shares of Apple in a report on Thursday, September 10th. China Renaissance lowered Apple from a "buy" rating to a "hold" rating and decreased their price target for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada set a $365.00 price objective on Apple in a report on Wednesday, July 15th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $340.12.

Apple Trading Down 0.1%

NASDAQ AAPL opened at $347.73 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.00 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 price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The company has a 50 day moving average price of $329.75 and a 200 day moving average price of $309.34. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $351.73.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given 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 dividend yield of 0.3%. Apple's dividend payout ratio is presently 12.39%.

Apple News Summary

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 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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