Apple Inc. $AAPL Position Increased by Johnson Bixby & Associates LLC

Key Points

• Johnson Bixby & Associates increased its Apple position by 46.4% in the third quarter, bringing its holdings to 61,277 shares worth approximately $20.4 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02, exceeding estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also pays a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with Apple holding a “Moderate Buy” consensus rating and an average price target of $340.12, though the stock’s valuation near 40 times earnings and recent insider selling present cautionary signals.

Johnson Bixby & Associates LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 46.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,277 shares of the iPhone maker's stock after acquiring an additional 19,431 shares during the quarter. Apple accounts for 2.2% of Johnson Bixby & Associates LLC's portfolio, making the stock its 13th biggest holding. Johnson Bixby & Associates LLC's holdings in Apple were worth $20,407,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Western Financial Corp CA grew its holdings in Apple by 244.3% during the third quarter. Western Financial Corp CA now owns 21,209 shares of the iPhone maker's stock valued at $7,063,000 after purchasing an additional 15,049 shares during the period. Finward Bancorp increased its position in Apple by 1.7% in the third quarter. Finward Bancorp now owns 18,127 shares of the iPhone maker's stock worth $6,037,000 after buying an additional 301 shares in the last quarter. Financial Planning Navigators CORP increased its position in Apple by 2.5% in the third quarter. Financial Planning Navigators CORP now owns 8,420 shares of the iPhone maker's stock worth $2,804,000 after buying an additional 203 shares in the last quarter. Tenon Financial LLC increased its position in Apple by 19.5% in the third quarter. Tenon Financial LLC now owns 16,726 shares of the iPhone maker's stock worth $5,570,000 after buying an additional 2,724 shares in the last quarter. Finally, Tempus Wealth Planning LLC raised its stake in shares of Apple by 10.8% in the third quarter. Tempus Wealth Planning LLC now owns 39,534 shares of the iPhone maker's stock worth $13,165,000 after buying an additional 3,855 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ AAPL opened at $347.73 on Monday. The firm has a market cap of $5.07 trillion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. 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 business has a 50-day moving average price of $329.75 and a 200-day moving average price of $309.70. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company 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 company earned $1.57 EPS. The firm's quarterly revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued 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 dividend payout ratio (DPR) is 12.39%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AAPL shares. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Phillip Securities increased their target price on shares of Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, September 14th. Piper Sandler initiated coverage on shares of Apple in a research note on Monday, August 17th. They set an "overweight" rating on the stock. Needham & Company LLC restated a "hold" rating on shares of Apple in a research note on Thursday, October 1st. Finally, KeyCorp reaffirmed an "underweight" rating on shares of Apple in a report on Thursday, October 15th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $340.12.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand is the primary catalyst. The foldable phone launched globally Friday amid long lines, limited store inventory and reports that preorders are backordered into 2027. Supply-chain reports indicate Apple raised its first-year shipment target by 44%, to roughly 14 million units. The premium product could expand Apple’s addressable market and support revenue growth. Apple fans react as iPhone Duo hits stores
• Positive Sentiment: The launch strengthens Apple’s broader hardware and services roadmap. Analysts are evaluating whether the Duo can drive accessory, software and services revenue, while potential touchscreen Macs, smart-home products and an Apple-Schneider Electric energy-management partnership provide additional growth opportunities. Will Apple take over the smart home
• Positive Sentiment: Apple briefly reclaimed the title of world’s most valuable public company. AAPL approached or surpassed Nvidia’s approximately $5 trillion valuation as Nvidia shares weakened during a broader AI-stock selloff. Investors are treating Apple’s substantial cash generation and lower AI infrastructure spending as a relative safe haven. Apple tops Nvidia in market value
• Neutral Sentiment: The next major test is earnings. Apple’s fiscal fourth-quarter results are expected November 2, with investors looking for evidence that iPhone Duo demand, holiday sales and margins justify a stock trading near 40 times earnings. Analysts remain broadly constructive, but the average price target is close to recent trading levels.
• Negative Sentiment: Execution and valuation risks remain significant. Some early users have reported cracked foldable screens, while reviews cite first-generation glitches, a $2,000 price and limitations involving the camera and apps. These issues could affect returns, customer satisfaction and adoption.
• Negative Sentiment: Insider selling adds a modest cautionary signal. Senior Vice President Jennifer Newstead sold approximately $815,000 of AAPL shares, following several similar sales. The transaction is small relative to Apple’s size but may reinforce concerns that the stock has become expensive.

Insider Buying and Selling at Apple

In other news, insider Ben Borders sold 1,280 shares of Apple stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $345.40, for a total transaction of $442,112.00. Following the sale, the insider owned 38,288 shares in the company, valued at $13,224,675.20. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 Apple stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $339.62, for a total transaction of $814,748.38. Following the sale, the senior vice president owned 34,795 shares in the company, valued at approximately $11,817,077.90. The trade was a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 286,853 shares of company stock worth $95,477,342. Insiders own 0.06% of the company's stock.

About Apple

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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