Apple Inc. $AAPL Position Increased by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

Key Points

• Prosperity Capital Advisors increased its Apple position by 4.1% in the third quarter, purchasing 4,367 additional shares. Its 110,712 shares were valued at approximately $36.9 million and represented 1.8% of its portfolio.
• Institutional investors own 67.73% of Apple, while insiders sold 286,853 shares worth roughly $95.5 million during the latest quarter, primarily to cover tax obligations related to equity awards.
• Apple’s latest quarterly results exceeded expectations, with revenue rising 16.4% year over year and EPS reaching $2.02. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.12.

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,712 shares of the iPhone maker's stock after buying an additional 4,367 shares during the period. Apple comprises 1.8% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' portfolio, making the stock its 13th largest position. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in Apple were worth $36,869,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Sterling Wealth Management Inc. boosted its holdings in Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock worth $3,351,000 after purchasing an additional 30 shares during the period. Thor Investment Management Inc. OH ADV raised its holdings in shares of 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 period. Evansbrook LLC raised its holdings in shares of 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 period. JMG Financial Group Ltd. lifted its position in shares of Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after buying an additional 35 shares during the last quarter. Finally, Wealth Forward LLC lifted its position in shares of Apple by 0.3% in the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker's stock worth $4,438,000 after buying an additional 35 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Activity

In other Apple news, insider Timothy Cook sold 191,753 shares of the company's 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 owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. The trade was a 25.32% decrease in their position. 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. Insiders have sold a total of 286,853 shares of company stock worth $95,477,342 in the last quarter. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

Shares of AAPL opened at $347.10 on Wednesday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $351.73. 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 firm has a fifty day moving average of $331.06 and a 200-day moving average of $295.09.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS 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. During the same quarter in the prior year, the company posted $1.57 EPS. The firm's revenue was up 16.4% on a year-over-year basis. Analysts predict 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. Shareholders of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's payout ratio is presently 12.39%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AAPL. Bank of America reaffirmed a "buy" rating and issued a $370.00 price target on shares of Apple in a report on Wednesday, September 23rd. Phillip Securities increased their price objective on shares of Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a research note on Monday, September 14th. Robert W. Baird raised their target price on shares of Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the stock a "buy" rating in a report on Monday, August 17th. Finally, Jefferies Financial Group restated an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.12.

Trending Headlines about Apple

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

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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