Apple Inc. $AAPL Shares Bought by Western Financial Corp CA

Key Points

• Western Financial Corp CA increased its Apple stake by 244.3% in the third quarter, bringing its holdings to 21,209 shares valued at approximately $7.1 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations, while revenue grew 16.4% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.12.
• Insiders have sold approximately 286,853 Apple shares worth $95.5 million over the past three months, including sales by senior executives. Apple shares recently traded near their 52-week high, at a valuation of roughly 40 times earnings.

Western Financial Corp CA raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 244.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,209 shares of the iPhone maker's stock after purchasing an additional 15,049 shares during the quarter. Apple accounts for approximately 2.3% of Western Financial Corp CA's holdings, making the stock its 5th biggest holding. Western Financial Corp CA's holdings in Apple were worth $7,063,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAPL. Finward Bancorp boosted its stake in shares of Apple by 1.7% during the third quarter. Finward Bancorp now owns 18,127 shares of the iPhone maker's stock valued at $6,037,000 after purchasing an additional 301 shares during the period. Financial Planning Navigators CORP grew its holdings in shares of 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 purchasing an additional 203 shares during the last quarter. Tenon Financial LLC increased its stake in Apple by 19.5% in the 3rd 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 during the period. Tempus Wealth Planning LLC increased its stake in Apple by 10.8% in the 3rd 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. Finally, Fortress Financial Solutions LLC bought a new stake in Apple during the 3rd quarter valued at about $5,303,000. Institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company's 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 transaction, the senior vice president owned 34,795 shares in the company, valued at approximately $11,817,077.90. This represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ben Borders sold 1,280 shares of the company's 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 transaction, the insider owned 38,288 shares in the company, valued at $13,224,675.20. The trade was a 3.23% decrease in their position. 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. Over the last three months, insiders have sold 286,853 shares of company stock worth $95,477,342. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

NASDAQ AAPL opened at $347.73 on Monday. 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 firm has a market cap of $5.07 trillion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The company has a 50 day moving average price of $329.75 and a 200 day moving average price of $309.70. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period last year, the firm earned $1.57 earnings per share. Apple's revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given 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 (DPR) is presently 12.39%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research note on Friday, September 25th. UBS Group restated a "neutral" rating on shares of Apple in a report on Tuesday, October 6th. KeyCorp reaffirmed an "underweight" rating on shares of Apple in a research report on Thursday, October 15th. Barclays reaffirmed an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Finally, Wells Fargo & Company restated 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. One 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 given a Sell rating to the company's stock. According to MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $340.12.

Apple News Roundup

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.

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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