8,042 Apple Inc. $AAPL Shares Bought by Weaver Capital Management LLC

Key Points

• Weaver Capital Management increased its Apple stake by 20.4% in the third quarter, buying 8,042 shares to hold 47,432 shares worth approximately $15.7 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported strong recent operating results, with quarterly revenue up 16.4% year over year and EPS beating estimates. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.12, though the stock’s valuation near 40 times earnings remains a concern.
• Investor sentiment is mixed: strong demand for Apple’s new premium and foldable iPhones supports growth prospects, but reported foldable-screen defects, potential shipment cuts, rising memory costs and insider selling present risks.

Weaver Capital Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 20.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,432 shares of the iPhone maker's stock after buying an additional 8,042 shares during the quarter. Apple makes up about 3.0% of Weaver Capital Management LLC's holdings, making the stock its 7th biggest holding. Weaver Capital Management LLC's holdings in Apple were worth $15,722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Triasima Portfolio Management inc. boosted its holdings in Apple by 0.9% in the third quarter. Triasima Portfolio Management inc. now owns 37,151 shares of the iPhone maker's stock valued at $12,372,000 after acquiring an additional 325 shares in the last quarter. Financial Harvest LLC increased its position in Apple by 2.7% during the 3rd quarter. Financial Harvest LLC now owns 9,881 shares of the iPhone maker's stock valued at $3,290,000 after purchasing an additional 259 shares during the period. Brindle & Bay Financial Advisors LLC raised its holdings in Apple by 51.2% in the 3rd quarter. Brindle & Bay Financial Advisors LLC now owns 1,576 shares of the iPhone maker's stock worth $525,000 after purchasing an additional 534 shares in the last quarter. Mystic Asset Management Inc. raised its holdings in Apple by 6.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 107,630 shares of the iPhone maker's stock worth $34,922,000 after purchasing an additional 6,948 shares in the last quarter. Finally, TT Capital Management LLC raised its holdings in Apple by 63.3% in the 3rd quarter. TT Capital Management LLC now owns 1,212 shares of the iPhone maker's stock worth $404,000 after purchasing an additional 470 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

More Apple News

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 at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the transaction, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. This trade represents a 5.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Deirdre O'brien sold 46,389 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the sale, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. The trade was a 25.32% 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. Insiders have sold 286,853 shares of company stock valued at $95,477,342 in the last quarter. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research report on Friday, September 25th. Yorkville Ives began coverage on shares of Apple in a research report on Tuesday, October 6th. They set an "outperform" rating and a $400.00 price target on the stock. Piper Sandler initiated coverage on shares of Apple in a research note on Monday, August 17th. They issued an "overweight" rating for the company. Citigroup reissued a "buy" rating on shares of Apple in a research note on Thursday, September 10th. Finally, Maxim Group raised their price objective on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $340.12.

Apple Trading Up 0.9%

AAPL opened at $347.10 on Wednesday. The company has a market cap of $5.07 trillion, a price-to-earnings ratio of 39.81 and a beta of 1.07. The stock has a fifty day simple moving average of $331.06 and a two-hundred day simple moving average of $295.09. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the firm posted $1.57 EPS. The business's quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts predict that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) 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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