ANB Bank Acquires 6,737 Shares of Apple Inc. $AAPL

ANB Bank grew its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 17.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,670 shares of the iPhone maker's stock after buying an additional 6,737 shares during the quarter. Apple accounts for approximately 5.5% of ANB Bank's portfolio, making the stock its 4th largest holding. ANB Bank's holdings in Apple were worth $14,442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Argus Investors Counsel Inc. increased its holdings in Apple by 4.7% during the 3rd quarter. Argus Investors Counsel Inc. now owns 16,561 shares of the iPhone maker's stock valued at $5,472,000 after purchasing an additional 748 shares during the period. Freestate Advisors LLC grew its position in shares of Apple by 2.4% in the 3rd quarter. Freestate Advisors LLC now owns 4,505 shares of the iPhone maker's stock worth $1,500,000 after buying an additional 104 shares during the last quarter. Castleview Partners LLC grew its position in shares of Apple by 50.1% in the 3rd quarter. Castleview Partners LLC now owns 36,018 shares of the iPhone maker's stock worth $11,309,000 after buying an additional 12,027 shares during the last quarter. Stokes Capital Advisors LLC increased its stake in shares of Apple by 25.8% during the third quarter. Stokes Capital Advisors LLC now owns 57,932 shares of the iPhone maker's stock valued at $18,584,000 after buying an additional 11,885 shares during the period. Finally, Mirador Capital Partners LP increased its stake in shares of Apple by 1.2% during the third quarter. Mirador Capital Partners LP now owns 125,280 shares of the iPhone maker's stock valued at $41,721,000 after buying an additional 1,481 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Transactions at Apple

In other news, CEO John Ternus sold 25,412 shares of the business's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the sale, the chief executive officer owned 59,567 shares in the company, valued at approximately $19,832,236.98. The trade was a 29.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 business's stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president owned 41,992 shares in the company, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 284,454 shares of company stock worth $94,662,594 in the last ninety days. 0.06% of the stock is owned by company insiders.

Apple Stock Down 1.0%

Shares of NASDAQ:AAPL opened at $339.50 on Wednesday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $348.15. The firm has a market capitalization of $4.95 trillion, a P/E ratio of 39.83, a P/E/G ratio of 2.72 and a beta of 1.07. The stock has a 50 day moving average price of $327.22 and a 200-day moving average price of $307.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last released 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 company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. As a group, equities research analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

The company 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 yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Apple’s $1,999 foldable iPhone reportedly generated extraordinary preorders, with delivery estimates extending into January 2027. The response supports premium pricing and suggests the new product could become a meaningful growth catalyst. Apple’s $1,999 foldable phone is set to hit stores Friday
• Positive Sentiment: Upcoming Mac launch: Apple scheduled its “Pro and Tell” event for October 28, where analysts expect new Macs and potentially the company’s first touchscreen MacBook. The event could provide a near-term catalyst and demonstrate momentum under CEO John Ternus. Apple announces product launch event for Oct. 28
• Positive Sentiment: Supply-chain and ecosystem investments: Apple committed up to $100 million to a U.S. titanium supplier to support iPhone production. Apple Wallet car-key support is also expanding to select General Motors vehicles, strengthening the company’s hardware and services ecosystem. Apple commits up to $100 million for U.S. titanium
• Neutral Sentiment: Mixed analyst outlook: Bank of America and JPMorgan maintained bullish ratings, citing iPhone Duo demand and long-term AI potential, while other analysts have become more cautious.
• Negative Sentiment: Downgrades and demand concerns: Loop Capital downgraded AAPL to Hold and cut its price target from $370 to $330, citing risks that iPhone shipments may not recover as expected. KeyBanc also flagged weaker upgrade intentions among consumers. Apple gets a downgrade from Loop Capital on fears of slow iPhone sales
• Negative Sentiment: Margin and valuation risk: UBS expects higher memory and component costs to pressure gross margins while iPhone growth slows. With Apple trading at a premium earnings multiple, investors may require stronger earnings or a new catalyst to support further gains. Apple faces gross margin pressure as UBS flags slowing iPhone growth

Analyst Ratings Changes

A number of equities analysts recently commented on the company. DZ Bank downgraded Apple from a "buy" rating to a "hold" rating and set a $310.00 target price for the company. in a report on Tuesday, August 4th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Friday, September 25th. Moffett Nathanson set a $283.00 price objective on shares of Apple and gave the company a "neutral" rating in a research report on Tuesday. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and reduced their price objective for the company from $370.00 to $330.00 in a research report on Tuesday. Finally, Oppenheimer restated a "market perform" rating on shares of Apple in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $340.12.

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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