Apple Inc. $AAPL Shares Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Apple stake by 1% in the second quarter, adding 43,545 shares to own 4.25 million shares valued at approximately $1.25 billion. Apple represents 3.3% of the firm’s portfolio.
• Apple insiders sold shares worth approximately $92.1 million over the past quarter, including Tim Cook’s $63.8 million sale, which was made to cover tax obligations tied to vested equity awards.
• Apple reported quarterly earnings and revenue above analyst expectations, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.02. The company also pays a $0.27 quarterly dividend, yielding about 0.3%.

TD Waterhouse Canada Inc. boosted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,248,696 shares of the iPhone maker's stock after buying an additional 43,545 shares during the period. Apple accounts for 3.3% of TD Waterhouse Canada Inc.'s portfolio, making the stock its 3rd biggest holding. TD Waterhouse Canada Inc.'s holdings in Apple were worth $1,250,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of AAPL. Evansbrook LLC boosted its holdings in shares of Apple by 0.4% in the first 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 in the last quarter. JMG Financial Group Ltd. lifted its position in Apple by 0.7% in 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 during the period. Interactive Financial Advisors Inc. lifted its position in Apple by 4.0% in the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after purchasing an additional 40 shares during the period. Sugar Maple Asset Management LLC boosted its stake 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 valued at $515,000 after purchasing an additional 40 shares in the last quarter. Finally, Sfam LLC boosted its stake in Apple by 1.0% during the 1st quarter. Sfam LLC now owns 4,709 shares of the iPhone maker's stock valued at $1,195,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insiders Place Their Bets

In related news, insider Timothy D. Cook sold 191,753 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the transaction, the insider directly owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president owned 41,992 shares of the company's stock, valued at approximately $14,116,870.56. The trade was a 5.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 276,984 shares of company stock worth $92,116,025 over the last quarter. Company insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $332.89 on Tuesday. The company's fifty day moving average is $322.08 and its two-hundred day moving average is $300.90. The company has a market cap of $4.86 trillion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 2.66 and a beta of 1.07. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last issued its 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 business 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%.Apple's revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 earnings per share. Equities analysts expect that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.3%. Apple's dividend payout ratio is currently 12.39%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley set a $355.00 price target on shares of Apple and gave the stock an "overweight" rating in a research report on Thursday. Citigroup reiterated a "buy" rating on shares of Apple in a report on Thursday, September 10th. KeyCorp reissued an "underweight" rating on shares of Apple in a research note on Friday, September 4th. Piper Sandler started coverage on shares of Apple in a research report on Monday, August 17th. They issued an "overweight" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $340.02.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned Siri overhaul could help restore investor confidence in its AI capabilities. The bullish case also rests on record Services revenue, a strong iPhone cycle and recent fiscal third-quarter revenue of $109.4 billion, up 16% year over year, with EPS rising 29%. Will Siri Overhaul Help Apple Restore Its AI Credibility?
• Positive Sentiment: Apple is tightening Mac full-disk access controls to make AI-agent data requests more visible to users. The move may strengthen the company’s privacy differentiation as concerns grow about autonomous AI tools accessing personal information. Apple Makes It Tougher for AI Agents to Access Macs
• Neutral Sentiment: CEO John Ternus, SVP Deirdre O’Brien and insider Timothy Cook collectively sold approximately $87.8 million of AAPL shares. Each filing said the transactions covered tax-withholding obligations tied to vested equity awards, making them less indicative of a negative outlook, although the sales may add short-term headline pressure. Apple Insider Filing
• Neutral Sentiment: Counterpoint expects roughly 6 million sales of Apple’s high-priced iPhone Duo this year, potentially representing at least $12 billion in hardware revenue. However, the late launch window and limited volume are not expected to materially change the broader AAPL investment case. Analyst Sees 6 Million iPhone Duo Sales
• Negative Sentiment: Investors remain concerned that Apple is behind rivals in AI monetization and execution. Comparisons suggesting Microsoft could surpass Apple in market value by 2027 reinforce worries that AAPL’s premium valuation requires substantial AI progress. Microsoft Could Become More Valuable Than Apple
• Negative Sentiment: More restrictive Mac permissions could reduce the usefulness of AI agents or create friction for developers, potentially complicating Apple’s effort to make its ecosystem a leading AI platform. With AAPL trading at a relatively high earnings multiple, execution concerns may weigh more heavily on the stock.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets 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 software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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