4,189 Apple Inc. $AAPL Shares Bought by Shelton Wealth Management LLC

Key Points

• Shelton Wealth Management increased its Apple stake by 61.6% in the third quarter, purchasing 4,189 additional shares and bringing its holdings to 10,991 shares worth approximately $3.42 million.
• Other institutional investors also added to Apple positions, and institutions and hedge funds collectively own 67.73% of the company. However, Apple insiders sold roughly $96.3 million in stock over the past three months, primarily to cover tax obligations on vested equity awards.
• Apple shares opened at $348.91, near their 52-week high, while analysts maintain a “Moderate Buy” consensus with an average price target of $340.59. The company recently exceeded earnings and revenue expectations, though elevated valuation and rising component costs remain risks.

Shelton Wealth Management LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 61.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,991 shares of the iPhone maker's stock after purchasing an additional 4,189 shares during the quarter. Apple comprises about 1.3% of Shelton Wealth Management LLC's investment portfolio, making the stock its 19th biggest position. Shelton Wealth Management LLC's holdings in Apple were worth $3,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pension & Wealth Management Advisors Inc. raised its holdings in Apple by 48.7% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 24,804 shares of the iPhone maker's stock worth $8,252,000 after acquiring an additional 8,121 shares during the period. Annex Advisory Services LLC boosted its holdings in Apple by 20.5% during the third quarter. Annex Advisory Services LLC now owns 547,098 shares of the iPhone maker's stock valued at $182,098,000 after acquiring an additional 93,191 shares during the period. Vanguard Capital Wealth Advisors grew its position in shares of Apple by 1.1% in the third quarter. Vanguard Capital Wealth Advisors now owns 54,493 shares of the iPhone maker's stock valued at $18,147,000 after purchasing an additional 569 shares during the last quarter. BFI Infinity Ltd. acquired a new stake in shares of Apple in the third quarter valued at about $5,295,000. Finally, BostonPremier Wealth LLC grew its position in shares of Apple by 1.1% in the third quarter. BostonPremier Wealth LLC now owns 31,416 shares of the iPhone maker's stock valued at $10,462,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Apple stock in a transaction that occurred 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 sale, the insider directly owned 3,264,168 shares in the company, valued at $1,086,837,377.28. The trade was a 5.55% 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 three months, insiders have sold 289,252 shares of company stock valued at $96,301,063. 0.06% of the stock is currently owned by insiders.

Apple Stock Up 1.5%

Shares of AAPL opened at $348.91 on Friday. The company has a 50-day simple moving average of $332.37 and a 200-day simple moving average of $295.96. The firm has a market capitalization of $5.09 trillion, a P/E ratio of 40.01, a P/E/G ratio of 2.72 and a beta of 1.07. 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 Inc. has a 52 week low of $243.42 and a 52 week high of $351.73.

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

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain optimistic ahead of earnings, citing strong demand for Apple’s new iPhone Duo, continued Services growth and potential AI-related momentum. Options activity also points to expectations for a post-earnings rally. Apple's Q4 Earnings Loom
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating, while Monness raised its price target to $355. Apple is also attracting attention as it approaches Nvidia in market capitalization, with revenue growth described as its fastest in about five years. Apple Stock Heads Toward All-Time High
• Positive Sentiment: Apple launched its first touchscreen MacBook Pro, featuring OLED displays and M5 Pro and M5 Max chips. The move expands the Mac product cycle and could support higher average selling prices, despite the premium starting price. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Forty-seven exchange-traded funds added to their Apple holdings, indicating continued institutional demand, although the purchases do not necessarily signal near-term changes in fundamentals. 47 ETFs Add to Apple Holdings
• Negative Sentiment: Investors face margin and valuation concerns. AI-driven flash-memory demand has sharply increased component costs, while Apple’s roughly 40-times earnings multiple leaves limited room for disappointing guidance. AI Has Made Flash Memory More Expensive
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million over alleged unfair app-payment practices. Early reports of cracked iPhone Duo screens and an executive stock sale add smaller sources of investor caution. South Korea Fines Google and Apple

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AAPL. Daiwa Securities Group lifted their price objective on Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Seaport Research Partners downgraded Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. KeyCorp reaffirmed an "underweight" rating on shares of Apple in a report on Thursday, October 15th. Citigroup reaffirmed a "buy" rating on shares of Apple in a research report on Thursday, September 10th. Finally, Maxim Group upped their price target on 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 assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $340.59.

About Apple

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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