Apple Inc. $AAPL Shares Bought by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA increased its Apple stake by 2.2% in the third quarter, adding 5,136 shares for a total of 239,202 shares valued at approximately $79.7 million. Apple now represents 7.1% of the fund’s portfolio and is its largest holding.
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, exceeding analyst expectations, while revenue rose 16.4% year over year. The company also maintains a quarterly dividend of $0.27 per share.
• Analysts hold a consensus “Moderate Buy” rating with an average price target of $340.12, though the outlook is mixed; insiders sold roughly $94.7 million of stock over the past three months, and concerns remain around valuation, slowing iPhone growth and margin pressure.

Jacobs & Co. CA boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,202 shares of the iPhone maker's stock after purchasing an additional 5,136 shares during the period. Apple makes up 7.1% of Jacobs & Co. CA's portfolio, making the stock its largest position. Jacobs & Co. CA's holdings in Apple were worth $79,659,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc bought a new stake in shares of Apple in the 2nd quarter valued at about $65,950,297,000. Bank of America Corp DE bought a new position in Apple during the 2nd quarter worth approximately $36,986,090,000. Legal & General Group Plc bought a new position in Apple during the 2nd quarter worth approximately $30,443,242,000. Deutsche Bank AG purchased a new position in Apple in the 2nd quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Apple in the 2nd quarter worth approximately $10,588,946,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 1.0%

Shares of NASDAQ:AAPL opened at $339.50 on Wednesday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $348.15. The company has a market cap of $4.95 trillion, a PE ratio of 38.93, a P/E/G ratio of 2.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The stock's 50-day moving average is $327.22 and its 200 day moving average is $307.80.

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, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the company posted $1.57 EPS. Apple's quarterly revenue was up 16.4% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's payout ratio is 12.39%.

Insiders Place Their Bets

In related news, SVP Deirdre O'brien sold 46,389 shares of the company's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the transaction, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 firm's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 284,454 shares of company stock valued at $94,662,594 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the subject of several recent research reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research report on Friday, September 25th. Morgan Stanley set a $355.00 target price on shares of Apple and gave the stock an "overweight" rating in a report on Thursday, October 1st. Yorkville Ives began coverage on shares of Apple in a report on Tuesday, October 6th. They issued an "outperform" rating and a $400.00 target price on the stock. China Renaissance downgraded shares of Apple from a "buy" rating to a "hold" rating and decreased their target price for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Apple in a report on Thursday, October 1st. One research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $340.12.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Apple’s $1,999 foldable iPhone reportedly generated extraordinary preorders, with delivery estimates extending into January 2027. The response supports premium pricing and suggests the new product could become a meaningful growth catalyst. Apple’s $1,999 foldable phone is set to hit stores Friday
• Positive Sentiment: Upcoming Mac launch: Apple scheduled its “Pro and Tell” event for October 28, where analysts expect new Macs and potentially the company’s first touchscreen MacBook. The event could provide a near-term catalyst and demonstrate momentum under CEO John Ternus. Apple announces product launch event for Oct. 28
• Positive Sentiment: Supply-chain and ecosystem investments: Apple committed up to $100 million to a U.S. titanium supplier to support iPhone production. Apple Wallet car-key support is also expanding to select General Motors vehicles, strengthening the company’s hardware and services ecosystem. Apple commits up to $100 million for U.S. titanium
• Neutral Sentiment: Mixed analyst outlook: Bank of America and JPMorgan maintained bullish ratings, citing iPhone Duo demand and long-term AI potential, while other analysts have become more cautious.
• Negative Sentiment: Downgrades and demand concerns: Loop Capital downgraded AAPL to Hold and cut its price target from $370 to $330, citing risks that iPhone shipments may not recover as expected. KeyBanc also flagged weaker upgrade intentions among consumers. Apple gets a downgrade from Loop Capital on fears of slow iPhone sales
• Negative Sentiment: Margin and valuation risk: UBS expects higher memory and component costs to pressure gross margins while iPhone growth slows. With Apple trading at a premium earnings multiple, investors may require stronger earnings or a new catalyst to support further gains. Apple faces gross margin pressure as UBS flags slowing iPhone growth

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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