3,188 Shares in Apple Inc. $AAPL Bought by Montgomery Financial Services LLC

Key Points

• Montgomery Financial Services LLC acquired 3,188 Apple shares worth approximately $922,000 during the second quarter, making Apple its 13th-largest portfolio holding and representing about 0.8% of its portfolio.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 67.73% of Apple’s outstanding shares. Major investors including Berkshire Hathaway, Bank of America and Legal & General also reported large Apple positions.
• Apple reported stronger-than-expected quarterly results, with revenue rising 16.4% year over year to $109.42 billion and EPS of $2.02. Analysts’ average rating is “Moderate Buy”, with an average price target of $340.02, while insiders sold shares primarily to cover tax obligations on vested equity awards.

Montgomery Financial Services LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,188 shares of the iPhone maker's stock, valued at approximately $922,000. Apple makes up about 0.8% of Montgomery Financial Services LLC's portfolio, making the stock its 13th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc purchased a new stake in shares of Apple during the second quarter valued at $65,950,297,000. Bank of America Corp DE purchased a new position in Apple in the 2nd quarter worth 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. Nuveen LLC lifted its stake in Apple by 3.8% during the 4th 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 during the period. Finally, Amundi boosted its holdings in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other news, CEO John Ternus sold 25,412 shares of the company'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 directly owned 59,567 shares in the company, valued at $19,832,236.98. This represents a 29.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the transaction, the insider directly owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This represents a 5.55% 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. In the last 90 days, insiders sold 276,984 shares of company stock worth $92,116,025. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $333.63 on Wednesday. The firm's 50 day moving average price is $321.95 and its 200-day moving average price is $301.49. Apple Inc. has a twelve month low of $243.42 and a twelve month 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 stock has a market capitalization of $4.87 trillion, a PE ratio of 38.26, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the previous year, the business posted $1.57 earnings per share. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. Equities research analysts expect that Apple Inc. will post 8.75 EPS for the current 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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research note on Thursday, October 1st. Wells Fargo & Company restated an "overweight" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Friday, July 31st. KeyCorp restated an "underweight" rating on shares of Apple in a report on Friday, September 4th. China Renaissance downgraded shares of Apple from a "buy" rating to a "hold" rating and cut their target price for the stock from $329.00 to $280.00 in a research report on Tuesday, August 4th. Finally, Citic Securities boosted their target price on shares of Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $340.02.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly partnering with LG to develop smart-home products including a smart lock, thermostat and doorbell. Expanding into connected-home hardware could deepen the Apple ecosystem and create additional long-term revenue opportunities. Apple smart home partnership
• Positive Sentiment: App Store revenue growth rebounded to approximately 5% in September after a weaker August, suggesting improving momentum for Apple’s high-margin Services business. The recovery is supportive, although UBS remains cautious about the durability of the growth. App Store growth rebounds
• Positive Sentiment: Apple’s latest reported quarter remains a fundamental support: revenue rose 16.4% year over year to $109.42 billion and earnings exceeded analyst expectations. Investor optimism is also tied to a potential Siri overhaul and stronger AI capabilities.
• Neutral Sentiment: Apple is trading above many analyst price targets, while its roughly 38-times earnings valuation leaves limited room for execution disappointments. Investors are watching whether a possible $1,999 foldable iPhone can justify premium pricing and sustain the current market multiple. Apple valuation and memory costs
• Neutral Sentiment: Apple’s weighting in major index and technology ETFs remains substantial as Apple, Microsoft and Nvidia together account for about 21% of the S&P 500. This supports demand through passive investing but also increases concentration and valuation risk. Apple ETF exposure
• Negative Sentiment: Memory-cost inflation could pressure gross margins, while analysts expect earnings growth to slow to roughly 8.5% in 2027. Concerns that Apple remains behind rivals in AI monetization make the premium valuation more difficult to defend. Apple earnings multiple concerns
• Negative Sentiment: CEO John Ternus, Timothy Cook and SVP Deirdre O’Brien sold shares worth roughly $87.8 million in total. The filings cited tax withholding related to vested equity awards, reducing the signal of bearish intent, but the insider selling may still create short-term headline pressure. Apple insider sales

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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