2,987 Apple Inc. $AAPL Shares Sold by Baldwin Wealth Partners LLC MA

Key Points

• Baldwin Wealth Partners reduced its Apple position by 2,987 shares during the third quarter, but still held 348,842 shares worth approximately $115.9 million. Apple remained the firm’s largest holding, representing 7.8% of its portfolio.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 67.73% of Apple’s shares. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $340.12.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations, while shares traded near their 12-month high. However, valuation, potential margin pressure, weaker iPhone shipments and regulatory risks remain concerns.

Baldwin Wealth Partners LLC MA decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 348,842 shares of the iPhone maker's stock after selling 2,987 shares during the quarter. Apple makes up 7.8% of Baldwin Wealth Partners LLC MA's portfolio, making the stock its biggest holding. Baldwin Wealth Partners LLC MA's holdings in Apple were worth $115,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake 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 purchasing an additional 28,321,085 shares during the period. Berkshire Hathaway Inc bought a new stake in Apple during the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE bought a new stake in Apple during the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc bought a new stake in Apple during the second quarter valued at approximately $30,443,242,000. Finally, Amundi increased its holdings in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after buying an additional 13,780,080 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AAPL. DA Davidson reaffirmed a "neutral" rating and set a $270.00 target price on shares of Apple in a report on Wednesday, September 2nd. Bank of America reiterated a "buy" rating and set a $370.00 price target on shares of Apple in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Apple from $340.00 to $360.00 and gave the company an "overweight" rating in a research report on Monday, October 12th. UBS Group reissued a "neutral" rating on shares of Apple in a research report on Tuesday, October 6th. Finally, Oppenheimer restated a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $340.12.

Apple Trading Up 1.3%

Shares of NASDAQ:AAPL opened at $343.99 on Thursday. The stock has a 50 day moving average of $328.05 and a 200 day moving average of $308.42. The company has a market cap of $5.02 trillion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $348.15.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 27.62% and a return on equity of 135.46%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 EPS. As a group, equities research analysts expect that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.3%. Apple's payout ratio is currently 12.39%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Apple said only limited quantities of its $1,999 foldable iPhone Duo will be available for walk-in customers when it launches October 23. Online orders reportedly sold out within minutes, with some delivery estimates extending into January 2027. The demand signals support premium pricing and could make the new product a meaningful revenue catalyst. Apple will have limited iPhone Duo units available in stores
• Positive Sentiment: Upcoming product catalyst: Apple’s October 28 event is expected to feature new Pro Macs, potentially including a touchscreen MacBook Pro and M6-powered systems. A successful launch could strengthen expectations for renewed Mac growth and broaden Apple’s hardware lineup. Apple product event scheduled for October 28
• Positive Sentiment: Expansion and ecosystem support: Apple’s India business reportedly delivered 31% revenue growth and 66% profit growth in fiscal 2026. Separately, Apple Wallet car-key support is expanding to selected General Motors vehicles, extending the reach of Apple’s services ecosystem.
• Neutral Sentiment: Supply-chain investment: Apple plans to commit up to $100 million to a U.S. titanium supplier over three years. The move may improve domestic sourcing and support iPhone Duo production, but it also highlights manufacturing constraints and does not immediately change earnings expectations. Apple commits to U.S. titanium manufacturing
• Neutral Sentiment: Insider selling: Two Apple insiders sold shares, with at least one transaction identified as covering tax withholding on vested equity awards. The sales are relatively small and do not clearly indicate weakening confidence.
• Negative Sentiment: Downgrade and valuation concerns: Loop Capital cut AAPL to Hold and lowered its price target to $330, citing weaker iPhone shipment expectations. UBS also warned that rising memory and component costs could pressure gross margins ahead of the November 2 earnings report. With Apple trading at roughly 39 times earnings and near its annual high, investors may demand stronger growth to justify the premium valuation. Loop Capital downgrades Apple on iPhone concerns
• Negative Sentiment: Regulatory risk: UK competition regulators are proposing easier access for rival contactless payment services on the iPhone, which could increase competition for Apple Pay and modestly weaken the services ecosystem.

Insider Activity

In other news, CEO John Ternus sold 25,412 shares of the stock in a transaction on Friday, October 2nd. The shares were 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 directly owned 59,567 shares of the company's stock, valued at $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy D. Cook sold 191,753 shares of the firm's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the sale, the insider owned 3,264,168 shares in the company, valued at $1,086,837,377.28. The trade was a 5.55% 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. In the last three months, insiders have sold 284,454 shares of company stock valued at $94,662,594. Company insiders own 0.06% of the company's stock.

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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