Apple Inc. $AAPL Position Reduced by Intelligence Driven Advisers LLC

Key Points

• Intelligence Driven Advisers LLC reduced its Apple stake by 3.0% in the third quarter, selling 1,988 shares and retaining 65,345 shares valued at approximately $21.8 million. Apple remains the firm’s sixth-largest holding and represents 3.8% of its portfolio.
• Apple reported quarterly revenue of $109.42 billion, up 16.4% year over year, and earnings of $2.02 per share, exceeding analyst expectations. The stock trades near its 52-week high with a market capitalization of about $5 trillion and a P/E ratio of 39.33.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $340.62, while strong foldable-iPhone demand and upcoming product launches provide potential catalysts. However, weaker upgrade intentions, premium valuation, and regulatory pressure on Apple Pay remain risks.

Intelligence Driven Advisers LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,345 shares of the iPhone maker's stock after selling 1,988 shares during the quarter. Apple accounts for 3.8% of Intelligence Driven Advisers LLC's investment portfolio, making the stock its 6th biggest position. Intelligence Driven Advisers LLC's holdings in Apple were worth $21,761,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Wealth Management Inc. lifted its stake 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 valued at $3,351,000 after acquiring an additional 30 shares during the last quarter. Evansbrook LLC boosted its holdings in Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after acquiring an additional 34 shares during the period. JMG Financial Group Ltd. boosted its holdings in Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after acquiring an additional 35 shares during the period. Advocate Investing Services LLC boosted its holdings in Apple by 0.5% during the 2nd quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after acquiring an additional 39 shares during the period. Finally, Sugar Maple Asset Management LLC grew its position in Apple by 2.0% during the 1st quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock worth $515,000 after acquiring an additional 40 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Preorders for Apple’s $1,999 foldable iPhone reportedly sold out quickly, with delivery estimates extending into January 2027. The robust response supports near-term revenue expectations and strengthens the case for Apple’s foldable-device strategy. Apple’s iPhone Duo Demand Soars as Deliveries Stretch Into January 2027
• Positive Sentiment: New product event announced: Apple will host its “Pro and Tell” event on October 28. Analysts expect new Macs and potentially the company’s first touchscreen MacBook, which could provide a catalyst for Mac growth and investor sentiment. Apple announces product launch event for Oct. 28
• Positive Sentiment: Analyst support remains favorable: Bank of America reiterated a Buy rating with a $370 price target, while JPMorgan maintained its Overweight rating and $360 target, citing healthy demand trends and longer-term AI potential. Apple Maintained at Buy With Unchanged $370 Price Target
• Neutral Sentiment: Insider transactions: CFO Kevan Parekh and insider Ben Borders sold shares to cover tax withholding related to vested equity awards. The sales modestly reduced their holdings but do not appear to represent discretionary bearish bets.
• Negative Sentiment: Demand concerns and valuation risk: A KeyBanc survey indicated weaker consumer intentions to upgrade iPhones over the next year, despite better early iPhone 18 interest. With AAPL trading near its 52-week high at a premium earnings multiple, disappointment in future iPhone growth could pressure the stock. Apple Stock Escaped the AI Downturn
• Negative Sentiment: Regulatory pressure: UK regulators are reportedly preparing to push Apple to allow alternative default payment services on iPhones, potentially weakening Apple Pay’s ecosystem advantages and services revenue.

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 1,280 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.40, for a total value of $442,112.00. Following the completion of the sale, the insider owned 38,288 shares in the company, valued at approximately $13,224,675.20. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,392 shares of Apple stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the sale, the chief financial officer owned 17,539 shares in the company, valued at approximately $6,051,831.95. This represents a 7.35% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 284,454 shares of company stock worth $94,662,594. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Daiwa Securities Group lifted their price target on Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Evercore set a $380.00 price objective on Apple and gave the company an "outperform" rating in a research note on Friday, September 18th. Arete Research increased their price objective on Apple from $305.00 to $335.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Oppenheimer restated a "market perform" rating on shares of Apple in a report on Thursday, September 10th. Finally, Royal Bank Of Canada set a $365.00 target price on shares of Apple in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $340.62.

Apple Stock Performance

Apple stock opened at $342.94 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average of $326.53 and a 200-day moving average of $307.21. The firm has a market cap of $5.00 trillion, a P/E ratio of 39.33, a P/E/G ratio of 2.72 and a beta of 1.07. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $348.15.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $109.04 billion. During the same period last year, the firm earned $1.57 earnings per share. Apple's quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a $0.27 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio (DPR) is 12.39%.

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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