8,121 Apple Inc. $AAPL Shares Purchased by Pension & Wealth Management Advisors Inc.

Key Points

• Pension & Wealth Management Advisors increased its Apple stake by 48.7%, purchasing 8,121 shares to hold 24,804 shares valued at approximately $8.25 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple shares opened at $348.91, near their 52-week high, after the company reported quarterly earnings and revenue above expectations, with revenue rising 16.4% year over year.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $340.59, though Apple’s roughly 40 P/E ratio, rising component costs, regulatory penalties and recent insider selling present risks.

Pension & Wealth Management Advisors Inc. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 48.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,804 shares of the iPhone maker's stock after buying an additional 8,121 shares during the quarter. Apple accounts for approximately 1.9% of Pension & Wealth Management Advisors Inc.'s portfolio, making the stock its 9th largest holding. Pension & Wealth Management Advisors Inc.'s holdings in Apple were worth $8,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Sterling Wealth Management Inc. grew its holdings in shares of Apple by 0.3% in the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock worth $3,351,000 after acquiring an additional 30 shares during the period. Thor Investment Management Inc. OH ADV raised its holdings in Apple by 1.6% during the third quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker's stock worth $637,000 after purchasing an additional 30 shares during the last quarter. Evansbrook LLC raised its holdings in Apple by 0.4% during the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after purchasing an additional 34 shares during the last quarter. JMG Financial Group Ltd. boosted its position in Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after purchasing an additional 35 shares in the last quarter. Finally, Wealth Forward LLC boosted its position in Apple by 0.3% during the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker's stock worth $4,438,000 after purchasing an additional 35 shares in the last quarter. 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: Analysts remain optimistic ahead of earnings, citing strong demand for Apple’s new iPhone Duo, continued Services growth and potential AI-related momentum. Options activity also points to expectations for a post-earnings rally. Apple's Q4 Earnings Loom
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating, while Monness raised its price target to $355. Apple is also attracting attention as it approaches Nvidia in market capitalization, with revenue growth described as its fastest in about five years. Apple Stock Heads Toward All-Time High
• Positive Sentiment: Apple launched its first touchscreen MacBook Pro, featuring OLED displays and M5 Pro and M5 Max chips. The move expands the Mac product cycle and could support higher average selling prices, despite the premium starting price. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Forty-seven exchange-traded funds added to their Apple holdings, indicating continued institutional demand, although the purchases do not necessarily signal near-term changes in fundamentals. 47 ETFs Add to Apple Holdings
• Negative Sentiment: Investors face margin and valuation concerns. AI-driven flash-memory demand has sharply increased component costs, while Apple’s roughly 40-times earnings multiple leaves limited room for disappointing guidance. AI Has Made Flash Memory More Expensive
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million over alleged unfair app-payment practices. Early reports of cracked iPhone Duo screens and an executive stock sale add smaller sources of investor caution. South Korea Fines Google and Apple

Apple Stock Up 1.5%

Shares of NASDAQ:AAPL opened at $348.91 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $5.09 trillion, a P/E ratio of 40.01, a P/E/G ratio of 2.72 and a beta of 1.07. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The stock's fifty day simple moving average is $332.37 and its 200-day simple moving average is $295.96.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 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 last year, the business posted $1.57 EPS. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AAPL has been the topic of several research reports. Citic Securities upped their target price on Apple from $300.00 to $349.00 in a report on Thursday, August 6th. The Goldman Sachs Group began coverage on Apple in a research note on Monday, August 17th. They set a "buy" rating for the company. Monness Crespi & Hardt reiterated a "buy" rating and issued a $355.00 price objective on shares of Apple in a research report on Wednesday. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and dropped their target price for the company from $370.00 to $330.00 in a report on Tuesday, October 20th. Finally, Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the stock a "buy" rating in a research report on Monday, August 17th. One research 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 stock. According to data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average price target of $340.59.

Insider Activity

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction dated Friday, October 2nd. The shares were 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 of the company's stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares in the company, valued at $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 289,252 shares of company stock valued at $96,301,063 in the last 90 days. Company insiders own 0.06% of the company's stock.

Apple Company 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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