Apple Inc. $AAPL Shares Bought by Ashurst Perkins Coie Trust Co

Key Points

• Ashurst Perkins Coie Trust Co increased its Apple stake by 9.3% in the third quarter, purchasing 9,523 additional shares for a total of 112,181 shares valued at approximately $36.8 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.12; individual views range from “Strong Buy” to “Underperform.” Apple shares opened at $343.91, near their 52-week high of $351.73.
• Apple’s latest quarter exceeded expectations, with adjusted EPS of $2.02 and revenue of $109.42 billion, while investors are watching upcoming earnings and product developments—including strong foldable iPhone demand—alongside concerns about premium valuation and reported hinge-screen defects.

Ashurst Perkins Coie Trust Co raised its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,181 shares of the iPhone maker's stock after purchasing an additional 9,523 shares during the quarter. Apple accounts for approximately 6.0% of Ashurst Perkins Coie Trust Co's investment portfolio, making the stock its 5th biggest holding. Ashurst Perkins Coie Trust Co's holdings in Apple were worth $36,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Wealth Management Inc. raised its holdings in Apple by 0.3% in the 2nd 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 stake in shares of Apple by 1.6% during the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker's stock worth $637,000 after buying an additional 30 shares during the period. Evansbrook LLC raised its stake in shares of Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after buying an additional 34 shares during the period. JMG Financial Group Ltd. raised its stake in shares of Apple by 0.7% during 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 period. Finally, Wealth Forward LLC lifted its position in shares of Apple by 0.3% during the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker's stock valued at $4,438,000 after buying an additional 35 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AAPL. UBS Group reissued a "neutral" rating on shares of Apple in a research note on Tuesday, October 6th. Wells Fargo & Company reissued an "overweight" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a report on Friday, July 31st. Bank of America restated a "buy" rating and set a $370.00 price objective on shares of Apple in a research report on Wednesday, September 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Thursday, October 1st. Finally, Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a research report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $340.12.

Apple Stock Performance

Shares of Apple stock opened at $343.91 on Tuesday. Apple Inc. has a one year low of $243.42 and a one year high of $351.73. The company has a market cap of $5.02 trillion, a price-to-earnings ratio of 40.39, a PEG ratio of 2.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The business's 50 day moving average price is $329.47 and its 200 day moving average price is $294.25.

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 during the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the prior year, the business earned $1.57 EPS. The firm's quarterly revenue was up 16.4% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. The ex-dividend date of this dividend 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%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Demand for Apple’s first foldable iPhone Duo appears exceptionally strong, with delivery estimates extending into January. Apple has reportedly asked suppliers to increase production by 30%, suggesting robust consumer interest and potential for a sizable upgrade cycle. Apple’s iPhone Duo Buyers Face a Wait That Could Stretch Into January
• Positive Sentiment: Apple introduced a redesigned iPad mini beginning at $699, featuring an OLED display, A20 Pro chip, improved AI performance, water resistance and Wi-Fi 7. The launch broadens Apple’s higher-end hardware lineup ahead of the holiday season. Apple Unveils $699 OLED iPad Mini
• Positive Sentiment: Apple expanded Siri’s AI language support, including Japanese, indicating continued progress in its artificial-intelligence rollout and global product integration. Apple Expands Siri AI Languages
• Neutral Sentiment: Investors are focused on Apple’s fiscal fourth-quarter results expected November 2. Analysts anticipate continued iPhone, Mac and Services growth, but the stock’s premium valuation leaves limited room for an earnings or outlook disappointment. Why Buying Apple Stock Before Q4 Earnings Could Be Risky
• Negative Sentiment: Users have reported cracks and bright lines near the hinge on some $1,999 iPhone Duo units. Apple acknowledged the issue and said affected devices would be replaced under AppleCare, but the defect creates reputational, warranty-cost and execution risks for an important new product. Apple Responds to Reports of Broken iPhone Duo Screens
• Negative Sentiment: The new iPad mini’s higher starting price may limit demand, while broader concerns about leadership succession, AI execution and rising component costs are adding to investor caution ahead of earnings. Apple Earnings Expected to Grow

Insider Activity

In related news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $339.62, for a total transaction of $814,748.38. Following the completion of the sale, the senior vice president directly owned 34,795 shares in the company, valued at approximately $11,817,077.90. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevan Parekh sold 1,392 shares of Apple stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $345.05, for a total transaction of $480,309.60. Following the transaction, the chief financial officer directly owned 17,539 shares in the company, valued at $6,051,831.95. This trade represents a 7.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 286,853 shares of company stock valued at $95,477,342 in the last quarter. 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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