2,543 Apple Inc. $AAPL Shares Acquired by Talon Private Wealth LLC

Key Points

• Talon Private Wealth increased its Apple stake by 11.5% in the second quarter, acquiring 2,543 shares and bringing its holdings to 24,561 shares valued at approximately $7.1 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share, exceeding 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, representing a 0.3% yield.
• Analyst sentiment remains broadly positive, with Apple carrying a “Moderate Buy” consensus rating and an average price target of $340.39, though potential risks include Starlink competition, supplier order reductions and rising memory costs.

Talon Private Wealth LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 11.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,561 shares of the iPhone maker's stock after buying an additional 2,543 shares during the period. Apple comprises about 0.8% of Talon Private Wealth LLC's portfolio, making the stock its 29th biggest position. Talon Private Wealth LLC's holdings in Apple were worth $7,107,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AAPL. Sterling Wealth Management Inc. lifted its position in shares of Apple by 0.3% during the 2nd 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 during the last quarter. Evansbrook LLC increased its holdings in Apple by 0.4% in the first 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 during the last quarter. JMG Financial Group Ltd. increased its holdings in Apple by 0.7% in the first 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 during the last quarter. Advocate Investing Services LLC increased its holdings in Apple by 0.5% in the second quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after buying an additional 39 shares during the last quarter. Finally, Sugar Maple Asset Management LLC raised its stake in Apple by 2.0% in the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock valued at $515,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In related news, CEO John Ternus sold 25,412 shares of the stock in a transaction on Friday, October 2nd. The stock was 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 directly owned 59,567 shares of the company's stock, valued at $19,832,236.98. This trade represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 completion of the transaction, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 279,383 shares of company stock valued at $92,912,517 in the last ninety days. Company insiders own 0.06% of the company's stock.

Apple Stock Up 1.3%

AAPL opened at $340.97 on Tuesday. The business has a 50 day moving average price of $323.36 and a two-hundred day moving average price of $303.99. 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 company has a market cap of $4.98 trillion, a PE ratio of 39.10, a P/E/G ratio of 2.68 and a beta of 1.07. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping 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 company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same period last year, the firm earned $1.57 EPS. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, research analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors 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 annualized dividend 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: JPMorgan raised its Apple price target from $340 to $360 and maintained an “Overweight” rating, citing improved iPhone 18 Pro demand. Bank of America reiterated its Buy rating and kept a $370 target, viewing potential Starlink competition as manageable. Apple Stock Climbs as JPMorgan Lifts Target, BofA Reiterates Buy
• Positive Sentiment: Apple reportedly reached a 22% share of the global smartphone market in the third quarter, supported by premium iPhone 18 Pro demand despite an overall industry shipment decline. Reports of strong orders for a new foldable iPhone also provided an additional growth narrative. Apple Stock Nears Record High as iPhone Market Share Hits 22%
• Positive Sentiment: Investors are anticipating Apple’s expanded smart-home strategy, including a rumored HomeView hub and updated Apple TV and HomePod mini. A successful launch could strengthen Apple’s ecosystem and open a new product category. Will the HomeView Be Apple’s First Smart Home Success?
• Neutral Sentiment: CEO succession is proceeding with John Ternus replacing Tim Cook, while Cook becomes executive chairman. Apple also met with Chinese officials, underscoring the importance of maintaining stable business and trade relations in its largest overseas market. Tim Cook Meets China’s Vice Premier
• Negative Sentiment: SpaceX’s planned Starlink mobile service could pressure wireless-carrier subsidies that support iPhone sales and eventually create a competing smartphone ecosystem. SpaceX’s Starlink Could Pose Risks to Apple
• Negative Sentiment: Reported supplier order reductions and rising memory costs are renewing concerns about iPhone 18 demand and margins. Google’s integration of wearable data with more than 160 lab tests also increases competition for Apple’s health-platform advantage. iPhone 18 Demand and Supplier Order Cuts

Analysts Set New Price Targets

A number of brokerages have issued reports on AAPL. Robert W. Baird lifted their price target on Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Citigroup reiterated a "buy" rating on shares of Apple in a report on Thursday, September 10th. Citic Securities raised their target price on Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. UBS Group restated a "neutral" rating on shares of Apple in a research note on Tuesday, October 6th. Finally, Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $340.39.

Apple Profile

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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