2,675 Apple Inc. $AAPL Shares Acquired by Gilpin Wealth Management LLC

Key Points

• Gilpin Wealth Management increased its Apple position by 23.1% in the third quarter, acquiring 2,675 shares for a total holding of 14,261 shares valued at approximately $4.65 million. Institutional investors own 67.73% of Apple.
• Analysts maintain a generally positive outlook, with Apple holding a “Moderate Buy” consensus rating and an average price target of $340.12, although some firms have raised concerns about slowing iPhone demand and margin pressure.
• Apple recently reported quarterly earnings and revenue above analyst expectations, while its stock traded near its 52-week high at a valuation of roughly 38.9 times earnings. Insiders, however, sold 284,454 shares worth about $94.7 million over the past 90 days.

Gilpin Wealth Management LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 23.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,261 shares of the iPhone maker's stock after acquiring an additional 2,675 shares during the quarter. Apple makes up approximately 3.1% of Gilpin Wealth Management LLC's holdings, making the stock its 3rd biggest holding. Gilpin Wealth Management LLC's holdings in Apple were worth $4,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Avenir Tech Ltd bought a new stake in shares of Apple in the 2nd quarter worth approximately $29,000. Longfellow Investment Management Co. LLC acquired a new position in Apple during the 2nd quarter valued at approximately $30,000. Lifetime Wealth Management P.C. bought a new position in Apple during the 4th quarter worth $41,000. ABS Investment Management LLC bought a new position in Apple during the 2nd quarter worth $376,168,000. Finally, Bamco Inc. NY bought a new position in Apple during the 2nd quarter worth $118,000. Institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares of the company's stock, valued at approximately $14,116,870.56. This represents a 5.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction that occurred 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 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 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 sold a total of 284,454 shares of company stock worth $94,662,594 in the last 90 days. Corporate insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AAPL. Moffett Nathanson set a $283.00 target price on Apple and gave the company a "neutral" rating in a research note on Tuesday. Raymond James Financial reissued a "market perform" rating on shares of Apple in a report on Friday, July 31st. Arete Research upped their price target on shares of Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the stock a "buy" rating in a report on Monday, August 17th. Finally, Maxim Group increased their price objective on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $340.12.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Apple’s $1,999 foldable iPhone reportedly generated extraordinary preorders, with delivery estimates extending into January 2027. The response supports premium pricing and suggests the new product could become a meaningful growth catalyst. Apple’s $1,999 foldable phone is set to hit stores Friday
• Positive Sentiment: Upcoming Mac launch: Apple scheduled its “Pro and Tell” event for October 28, where analysts expect new Macs and potentially the company’s first touchscreen MacBook. The event could provide a near-term catalyst and demonstrate momentum under CEO John Ternus. Apple announces product launch event for Oct. 28
• Positive Sentiment: Supply-chain and ecosystem investments: Apple committed up to $100 million to a U.S. titanium supplier to support iPhone production. Apple Wallet car-key support is also expanding to select General Motors vehicles, strengthening the company’s hardware and services ecosystem. Apple commits up to $100 million for U.S. titanium
• Neutral Sentiment: Mixed analyst outlook: Bank of America and JPMorgan maintained bullish ratings, citing iPhone Duo demand and long-term AI potential, while other analysts have become more cautious.
• Negative Sentiment: Downgrades and demand concerns: Loop Capital downgraded AAPL to Hold and cut its price target from $370 to $330, citing risks that iPhone shipments may not recover as expected. KeyBanc also flagged weaker upgrade intentions among consumers. Apple gets a downgrade from Loop Capital on fears of slow iPhone sales
• Negative Sentiment: Margin and valuation risk: UBS expects higher memory and component costs to pressure gross margins while iPhone growth slows. With Apple trading at a premium earnings multiple, investors may require stronger earnings or a new catalyst to support further gains. Apple faces gross margin pressure as UBS flags slowing iPhone growth

Apple Trading Down 1.0%

NASDAQ:AAPL opened at $339.50 on Wednesday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $348.15. The stock has a market cap of $4.95 trillion, a price-to-earnings ratio of 38.93, a PEG ratio of 2.72 and a beta of 1.07. The business has a fifty day moving average of $327.22 and a 200-day moving average of $307.80. 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 (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. Equities analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio is currently 12.39%.

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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