2,899 Apple Inc. $AAPL Shares Sold by Tudor Financial Inc.

Key Points

• Tudor Financial reduced its Apple stake by 21.6%, selling 2,899 shares and retaining 10,552 shares valued at approximately $3.05 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations; revenue increased 16.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.02.
• Apple insiders sold shares recently, including transactions for tax-withholding obligations tied to vested equity awards. The company also declared a quarterly dividend of $0.27 per share, equal to a 0.3% annualized yield.

Tudor Financial Inc. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 21.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,552 shares of the iPhone maker's stock after selling 2,899 shares during the quarter. Apple makes up approximately 1.4% of Tudor Financial Inc.'s investment portfolio, making the stock its 16th largest position. Tudor Financial Inc.'s holdings in Apple were worth $3,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AAPL. Berkshire Hathaway Inc bought a new position in Apple in the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple during the second quarter worth approximately $36,986,090,000. Legal & General Group Plc bought a new stake in shares of Apple during the second quarter valued at approximately $30,443,242,000. Nuveen LLC raised its stake in shares of Apple by 3.8% during the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock valued at $20,389,750,000 after acquiring an additional 2,725,121 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $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.

Insider Buying and Selling

In related news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares in the company, valued at $14,116,870.56. This represents a 5.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the sale, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 276,984 shares of company stock valued at $92,116,025. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research analyst reports. The Goldman Sachs Group started coverage on Apple in a research note on Monday, August 17th. They issued a "buy" rating on the stock. HSBC reaffirmed a "buy" rating and set a $366.00 target price on shares of Apple in a research report on Tuesday, September 8th. KeyCorp reiterated an "underweight" rating on shares of Apple in a report on Friday, September 4th. Daiwa Securities Group increased their price target on Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Finally, Rothschild & Co Redburn set a $400.00 price target on Apple and gave the company a "buy" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $340.02.

Apple Stock Performance

Shares of AAPL stock opened at $332.89 on Tuesday. The firm has a market cap of $4.86 trillion, a price-to-earnings ratio of 38.18, a PEG ratio of 2.66 and a beta of 1.07. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34. 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's 50 day moving average is $322.08 and its 200 day moving average is $300.90.

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 analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Dividend Announcement

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

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned Siri overhaul could help restore investor confidence in its AI capabilities. The bullish case also rests on record Services revenue, a strong iPhone cycle and recent fiscal third-quarter revenue of $109.4 billion, up 16% year over year, with EPS rising 29%. Will Siri Overhaul Help Apple Restore Its AI Credibility?
• Positive Sentiment: Apple is tightening Mac full-disk access controls to make AI-agent data requests more visible to users. The move may strengthen the company’s privacy differentiation as concerns grow about autonomous AI tools accessing personal information. Apple Makes It Tougher for AI Agents to Access Macs
• Neutral Sentiment: CEO John Ternus, SVP Deirdre O’Brien and insider Timothy Cook collectively sold approximately $87.8 million of AAPL shares. Each filing said the transactions covered tax-withholding obligations tied to vested equity awards, making them less indicative of a negative outlook, although the sales may add short-term headline pressure. Apple Insider Filing
• Neutral Sentiment: Counterpoint expects roughly 6 million sales of Apple’s high-priced iPhone Duo this year, potentially representing at least $12 billion in hardware revenue. However, the late launch window and limited volume are not expected to materially change the broader AAPL investment case. Analyst Sees 6 Million iPhone Duo Sales
• Negative Sentiment: Investors remain concerned that Apple is behind rivals in AI monetization and execution. Comparisons suggesting Microsoft could surpass Apple in market value by 2027 reinforce worries that AAPL’s premium valuation requires substantial AI progress. Microsoft Could Become More Valuable Than Apple
• Negative Sentiment: More restrictive Mac permissions could reduce the usefulness of AI agents or create friction for developers, potentially complicating Apple’s effort to make its ecosystem a leading AI platform. With AAPL trading at a relatively high earnings multiple, execution concerns may weigh more heavily on the stock.

Apple Company 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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