5,047 Apple Inc. $AAPL Shares Purchased by Bank of New Hampshire

Key Points

• Bank of New Hampshire increased its Apple position by 7.4% in the third quarter, buying 5,047 shares for a total holding of 73,396 shares valued at approximately $24.1 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Wall Street maintains a generally positive view, with Apple receiving a consensus “Moderate Buy” rating and an average price target of $340.39, although analyst opinions include 14 Holds and two Sells.
• Apple shares were trading near record highs at $342.96, supporting a $5.01 trillion market capitalization, while insiders sold shares primarily to cover tax obligations related to vested equity awards. The stock’s valuation remains elevated, with a P/E ratio of 39.33.

Bank of New Hampshire boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,396 shares of the iPhone maker's stock after purchasing an additional 5,047 shares during the period. Apple comprises approximately 5.2% of Bank of New Hampshire's investment portfolio, making the stock its 2nd biggest holding. Bank of New Hampshire's holdings in Apple were worth $24,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. RVW Wealth LLC raised its holdings in shares of Apple by 5.2% during the third quarter. RVW Wealth LLC now owns 139,003 shares of the iPhone maker's stock valued at $46,085,000 after acquiring an additional 6,846 shares during the last quarter. Boyum Wealth Architects LLC raised its holdings in shares of Apple by 1.3% during the 3rd quarter. Boyum Wealth Architects LLC now owns 6,411 shares of the iPhone maker's stock worth $2,139,000 after acquiring an additional 80 shares during the period. Colton Groome Financial Advisors LLC raised its holdings in shares of Apple by 13.4% during the 3rd quarter. Colton Groome Financial Advisors LLC now owns 37,346 shares of the iPhone maker's stock worth $12,381,000 after acquiring an additional 4,423 shares during the period. Iowa State Bank raised its holdings in shares of Apple by 14.5% during the 3rd quarter. Iowa State Bank now owns 85,537 shares of the iPhone maker's stock worth $28,486,000 after acquiring an additional 10,803 shares during the period. Finally, Eleva Capital SAS acquired a new position in shares of Apple during the 3rd quarter valued at about $1,066,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AAPL shares. HSBC reissued a "buy" rating and issued a $366.00 price objective on shares of Apple in a report on Tuesday, September 8th. Maxim Group raised their price target on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Evercore set a $380.00 price objective on Apple and gave the company an "outperform" rating in a report on Friday, September 18th. Raymond James Financial reiterated a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Finally, Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus price target of $340.39.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $299 HomeView smart-home hub, along with new cameras, a doorbell, smart lock, thermostat and updated Apple TV and HomePod products, gives the company new hardware and ecosystem expansion opportunities. Analysts also see potential for recurring iCloud+ and other Services revenue. Apple releases HomeView smart home hub with screen as showcase for Siri AI
• Positive Sentiment: Apple reportedly plans to launch Apple Intelligence in mainland China in December, potentially improving access to AI features in a strategically important market. Apple to Release AI Platform in Mainland China
• Positive Sentiment: Apple benefited from news that GlobalFoundries will build two New York fabs with up to $21 billion in U.S.-Japan funding. Apple is expected to source chips from the expanded domestic capacity, supporting supply-chain diversification. GlobalFoundries Secures $21B for New York Fabs
• Positive Sentiment: Investor optimism was reinforced by Apple’s market value reclaiming the $5 trillion milestone, while analyst Dan Ives suggested a stronger AI strategy could support a $400 price target. Apple reaches new highs ahead of iPhone Duo preorders
• Neutral Sentiment: Apple’s iPhone Duo preorders begin October 16. Strong demand could provide a near-term catalyst, but reports of shorter iPhone 18 Pro delivery windows and reduced supplier production have raised questions about demand.
• Neutral Sentiment: Analysts estimate that a paid, more capable Siri could eventually generate substantial Services revenue, but Apple has not announced pricing or a launch date for expanded AI access.
• Negative Sentiment: OpenAI alleges that a former employee who joined Apple transferred more than 100 confidential files concerning an unreleased device. The case could create legal, reputational and product-development risks, although there is no indication Apple used the information. OpenAI alleges former employee took device files to Apple
• Negative Sentiment: Gene Munster warned Apple could lose the AI platform battle if users become loyal to rival assistants such as Meta’s Muse or Grok. Critics also questioned whether HomeView meaningfully addresses Apple’s AI shortcomings.
• Negative Sentiment: With Apple trading near record levels at a rich valuation, investors are concerned that slower growth, margin pressure and uncertain iPhone demand may limit further upside.

Insider Transactions at Apple

In related news, CEO John Ternus sold 25,412 shares of the firm's stock in a transaction dated 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 directly owned 59,567 shares in the company, valued at $19,832,236.98. This trade represents a 29.90% decrease in their position. The sale was disclosed in a legal 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, insider Timothy Cook sold 191,753 shares of Apple 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 transaction, the insider directly owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their ownership of the stock. 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 quarter, insiders have sold 279,383 shares of company stock valued at $92,912,517. Insiders own 0.06% of the company's stock.

Apple Stock Up 0.5%

NASDAQ:AAPL opened at $342.96 on Thursday. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $348.15. The stock's fifty day moving average is $324.64 and its two-hundred day moving average is $305.24. The stock has a market capitalization of $5.01 trillion, a price-to-earnings ratio of 39.33, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating 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 business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. Research analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid 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 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.

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