4,539 Apple Inc. $AAPL Shares Sold by Tompkins Financial Corp

Key Points

• Tompkins Financial reduced its Apple position by 2.6%, selling 4,539 shares in the third quarter and retaining 172,419 shares valued at approximately $57.4 million. Apple remains the firm’s fifth-largest holding and represents about 4% of its portfolio.
• Apple is expanding its smart-home ecosystem with the $299 HomeView hub and related devices, while partnerships with LG Electronics and Schneider Electric could support future hardware and services growth.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $340.39, though Apple’s high valuation, supplier production cuts and intensifying competition pose risks.

Tompkins Financial Corp decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,419 shares of the iPhone maker's stock after selling 4,539 shares during the quarter. Apple accounts for approximately 4.0% of Tompkins Financial Corp's investment portfolio, making the stock its 5th largest position. Tompkins Financial Corp's holdings in Apple were worth $57,419,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AAPL. Prospect Hill Management LLC acquired a new position in shares of Apple during the 2nd quarter worth $146,370,000. Focus Partners Advisor Solutions LLC acquired a new stake in Apple in the second quarter valued at about $168,646,000. Wealthfront Advisers LLC acquired a new stake in Apple in the second quarter valued at about $482,388,000. Satovsky Asset Management LLC bought a new position in Apple in the second quarter valued at about $16,064,000. Finally, Saranac Partners Ltd bought a new position in Apple in the second quarter valued at about $9,513,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple launched the $299 HomeView smart-home hub, featuring an upgraded Siri AI assistant, along with a new Apple TV 4K, HomePod mini 2, cameras, a video doorbell, smart lock, thermostat and other accessories. The products expand Apple’s ecosystem into the home and provide a potential new source of hardware and services revenue. Apple releases HomeView smart home hub with screen as showcase for Siri AI
• Positive Sentiment: Partnerships with LG Electronics and Schneider Electric broaden the Apple Home Collection, including security, energy-management and access-control products that could increase engagement with iPhones, Apple Watches and other Apple devices. LG announces smart-home accessories developed with Apple
• Positive Sentiment: Analyst support remains favorable. Bernstein reiterated a Buy rating with a $370 target, while JPMorgan raised its target to $360. Reports also indicate Apple’s iPhone market share reached 22% in the latest quarter, and iPhone 18 Pro demand may be stronger than last year. Bernstein reiterates Buy rating on Apple
• Positive Sentiment: A federal judge ordered OpenAI to provide hiring records and other materials in Apple’s trade-secrets lawsuit, potentially helping Apple investigate the recruitment of former employees and its claims against OpenAI. Judge orders OpenAI to turn over hiring records
• Neutral Sentiment: Investors are awaiting iPhone Duo preorders on October 16. Strong purchase intent could support the stock, but pricing and delivery trends will be closely watched.
• Negative Sentiment: Some suppliers are reportedly cutting production of newer iPhone models, while shorter delivery windows for Pro models raise questions about demand. Apple’s shares also trade at a demanding valuation, leaving less room for disappointing December-quarter guidance.
• Negative Sentiment: Analysts warn that SpaceX’s potential Starlink smartphone and Google’s expanding health-data platform could intensify competition in wireless services, wearables and ecosystem engagement over time.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $332.01, for a total value of $796,491.99. Following the sale, the senior vice president owned 39,593 shares in the company, valued at approximately $13,145,271.93. The trade was a 5.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy D. Cook sold 191,753 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their position. 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. Over the last three months, insiders have sold 279,383 shares of company stock valued at $92,912,517. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on AAPL shares. Deutsche Bank Aktiengesellschaft downgraded Apple from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a report on Friday, July 31st. Seaport Research Partners cut shares of Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research report on Friday, September 25th. Finally, Citic Securities increased their price objective on shares of Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.39.

Apple Stock Performance

Apple stock opened at $341.27 on Wednesday. The business has a 50 day moving average of $324.00 and a 200-day moving average of $304.61. The company has a market capitalization of $4.98 trillion, a P/E ratio of 39.14, a P/E/G ratio of 2.72 and a beta of 1.07. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $348.15. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $109.04 billion. During the same period last year, the company earned $1.57 EPS. The firm's revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued 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 presently 12.39%.

Apple 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.