4,981 Apple Inc. $AAPL Shares Sold by Graves Light Lenhart Wealth Inc.

Key Points

• Graves Light Lenhart Wealth reduced its Apple stake by 4.7%, selling 4,981 shares and retaining 101,590 shares worth approximately $33.8 million. Apple remains 3.1% of the firm’s portfolio and its seventh-largest holding.
• Institutional investors own 67.73% of Apple, while insiders sold 281,782 shares valued at $93.7 million last quarter, primarily to cover tax obligations tied to equity awards.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus, with an average price target of $340.39.

Graves Light Lenhart Wealth Inc. cut its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,590 shares of the iPhone maker's stock after selling 4,981 shares during the quarter. Apple makes up 3.1% of Graves Light Lenhart Wealth Inc.'s portfolio, making the stock its 7th biggest holding. Graves Light Lenhart Wealth Inc.'s holdings in Apple were worth $33,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew 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 valued at $182,897,769,000 after buying an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc bought a new position in Apple during the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE bought a new position in Apple during the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc bought a new position in Apple during the second quarter valued at approximately $30,443,242,000. Finally, Amundi lifted its stake in 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 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 Activity

In related news, insider Timothy 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 value of $63,846,078.88. Following the transaction, the insider directly owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of Apple stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the transaction, the chief executive officer owned 59,567 shares in the company, valued at $19,832,236.98. This trade represents a 29.90% decrease in their position. 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. Insiders sold a total of 281,782 shares of company stock valued at $93,740,172 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

AAPL opened at $343.46 on Monday. The business has a 50 day moving average price of $325.83 and a 200 day moving average price of $306.58. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $348.15. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market cap of $5.01 trillion, a P/E ratio of 39.39, a price-to-earnings-growth ratio of 2.72 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, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have commented on AAPL. UBS Group reissued a "neutral" rating on shares of Apple in a research report on Tuesday, October 6th. JPMorgan Chase & Co. raised their price target on shares of Apple from $340.00 to $360.00 and gave the company an "overweight" rating in a report on Monday, October 12th. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a report on Wednesday, July 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research note on Thursday, October 1st. Finally, Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the stock a "buy" rating in a report on Monday, August 17th. One investment 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $340.39.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $1,999 iPhone Duo reportedly sold out within minutes of preorders opening, with delivery estimates pushed into 2027. The response suggests strong pricing power and could establish a significant new premium product category. Apple blames extraordinary demand as foldable iPhones sell out
• Positive Sentiment: Evercore ISI said the iPhone Duo’s extended lead times support its Buy rating and $380 price target. Investors view the launch as a potential catalyst for higher average selling prices and iPhone revenue. Apple early iPhone demand supports Buy rating
• Positive Sentiment: Apple and Meta are collaborating to run Meta’s 816-billion-parameter Muse Spark Open AI model locally on high-end Macs. The partnership may strengthen Mac demand for AI workloads and improve Apple’s AI positioning without requiring a competing mega-scale model. Apple and Meta team up on AI
• Neutral Sentiment: UBS cautioned that iPhone demand could weaken, highlighting the risk that strong initial foldable-phone interest may not translate into sustained volume. Apple’s roughly $5 trillion valuation also leaves the stock dependent on continued execution.
• Negative Sentiment: UK regulators are preparing a legal fight that could require Apple to give competing payment providers access to technology behind Apple Pay’s tap-to-pay functionality. A forced opening could weaken the payments ecosystem and create compliance costs. Apple set for UK legal fight over tap-to-pay rules
• Negative Sentiment: Apple faces ongoing concerns about lagging rivals in AI infrastructure and advanced assistants. Reports that some iPhone 18 Pro component orders were reduced add to questions about future handset demand.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares worth approximately $828,000. The transaction is small relative to Apple’s size but represents another insider sale and may have modest signaling value.

Apple 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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