595,146 Apple Inc. $AAPL Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners LLC sold 595,146 Apple shares in the third quarter, reducing its position by 86.8% to 90,222 shares valued at approximately $30 million. Apple remains the fund’s fifth-largest holding and represents 2.5% of its portfolio.
• Institutional ownership remains substantial at 67.73%, with State Street increasing its stake and Berkshire Hathaway, Bank of America, and Legal & General reporting major positions. Apple insiders have also sold shares recently, including sales by executives Jennifer Newstead and Ben Borders.
• Apple faces a mixed outlook: strong demand for its foldable iPhone Duo and iPhone 18 Pro supports growth prospects, while reported hinge-related display issues, possible shipment cuts, rising memory costs, and valuation concerns create risks. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.12.

Curated Wealth Partners LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 86.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,222 shares of the iPhone maker's stock after selling 595,146 shares during the period. Apple accounts for 2.5% of Curated Wealth Partners LLC's portfolio, making the stock its 5th largest holding. Curated Wealth Partners LLC's holdings in Apple were worth $29,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp increased its position in Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock worth $182,897,769,000 after buying an additional 28,321,085 shares during the last quarter. Berkshire Hathaway Inc bought a new stake in Apple in the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple in the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc acquired a new stake in shares of Apple in the second quarter valued at approximately $30,443,242,000. Finally, Amundi lifted its position in shares of 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 buying an additional 13,780,080 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Demand for Apple’s first foldable iPhone Duo has substantially exceeded supply. The $1,999 device reportedly sold out within minutes, delivery estimates extend into January, and Apple is said to be seeking as much as 30% more production capacity. This supports hopes for a new high-margin growth category and a broader iPhone upgrade cycle. Apple's Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
• Positive Sentiment: Initial global sales of the iPhone 18 Pro were 3.1% above the prior-generation Pro models, including a 29% increase in China. Strong premium-phone demand could help Apple’s revenue and services ecosystem. Initial global sales of Apple iPhone 18 Pro higher than 17 series
• Positive Sentiment: Apple launched an M6-powered 24-inch iMac and 14-inch MacBook Pro, promoting faster performance and on-device AI capabilities. The refresh could lift Mac sales and support Apple’s longer-term AI hardware strategy. Apple introduces the new 14-inch MacBook Pro with M6
• Neutral Sentiment: Apple also released iOS 27.2 with expanded Siri AI language support, security improvements and new features for the iPhone Duo. These updates may strengthen the ecosystem, but their near-term financial impact is uncertain. Apple rolls out iOS 27.2 with new Siri AI languages and security fixes
• Negative Sentiment: Some iPhone Duo owners report cracks and bright lines near the hinge. Apple acknowledged the display issue and is offering replacements, while teardown reports point to a possible hinge-related design problem. Potential warranty costs and reputational damage threaten the new product’s momentum. Some iPhone Duo owners say Apple's foldable cracked within hours
• Negative Sentiment: Loop Capital downgraded Apple to Hold and cut its price target to $330, citing possible iPhone shipment reductions and rising memory costs. At nearly 40 times earnings, investors may require strong December-quarter guidance to justify the valuation. Loop Capital Lowers Apple Stock Price Target on iPhone Shipment Concerns

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $339.62, for a total value of $814,748.38. Following the completion of the sale, the senior vice president owned 34,795 shares in the company, valued at $11,817,077.90. The trade was a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ben Borders sold 1,280 shares of Apple stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the sale, the insider owned 38,288 shares of the company's stock, valued at $13,224,675.20. This trade represents a 3.23% 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 have sold a total of 286,853 shares of company stock valued at $95,477,342 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AAPL. China Renaissance downgraded Apple from a "buy" rating to a "hold" rating and reduced their target price for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research note on Friday, September 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Thursday, October 1st. Bank of America reaffirmed a "buy" rating and set a $370.00 price objective on shares of Apple in a research report on Wednesday, September 23rd. Finally, Seaport Research Partners cut shares of Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average target price of $340.12.

Apple Price Performance

AAPL opened at $347.10 on Wednesday. The business has a fifty day simple moving average of $331.06 and a 200 day simple moving average of $295.09. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $351.73. The company has a market capitalization of $5.07 trillion, a PE ratio of 39.81 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 EPS. Equities analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given 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 of this dividend was Monday, August 10th. Apple's payout ratio is presently 12.39%.

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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