Apple Inc. $AAPL Shares Purchased by CoreCap Advisors LLC

Key Points

• CoreCap Advisors increased its Apple position by 8.7% in the third quarter, holding 206,627 shares valued at approximately $68.2 million. Institutional investors collectively own 67.73% of Apple.
• Apple insiders sold shares primarily to cover tax withholding obligations, including Tim Cook’s $63.8 million sale and Deirdre O’Brien’s $15.5 million sale. Insiders sold 281,782 shares worth about $93.7 million over the past three months.
• Apple reported quarterly earnings and revenue above analyst expectations, while analysts maintain a consensus “Moderate Buy” rating with a $340.39 price target. The stock opened at $343.46 and recently declared a quarterly dividend of $0.27 per share.

CoreCap Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,627 shares of the iPhone maker's stock after acquiring an additional 16,459 shares during the period. Apple accounts for approximately 2.0% of CoreCap Advisors LLC's investment portfolio, making the stock its 9th biggest holding. CoreCap Advisors LLC's holdings in Apple were worth $68,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Kure Advisory LLC lifted its position in Apple by 0.6% during the 3rd quarter. Kure Advisory LLC now owns 6,635 shares of the iPhone maker's stock worth $2,210,000 after acquiring an additional 42 shares during the period. Fenimore Asset Management Inc grew its stake in Apple by 4,140.8% during the 3rd quarter. Fenimore Asset Management Inc now owns 563,854 shares of the iPhone maker's stock valued at $187,775,000 after purchasing an additional 550,558 shares during the last quarter. Artemis Investment Management LLP increased its holdings in shares of Apple by 54.4% in the third quarter. Artemis Investment Management LLP now owns 380,103 shares of the iPhone maker's stock valued at $126,582,000 after purchasing an additional 133,966 shares during the period. Aletheian Wealth Advisors LLC increased its holdings in shares of Apple by 0.7% in the third quarter. Aletheian Wealth Advisors LLC now owns 17,243 shares of the iPhone maker's stock valued at $5,742,000 after purchasing an additional 124 shares during the period. Finally, YHB Investment Advisors Inc. increased its holdings in shares of Apple by 13.2% in the third quarter. YHB Investment Advisors Inc. now owns 374,085 shares of the iPhone maker's stock valued at $121,738,000 after purchasing an additional 43,526 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity

In related news, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of Apple stock in a transaction 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 completion of the transaction, the insider directly owned 3,264,168 shares of the company's stock, valued at $1,086,837,377.28. The trade was a 5.55% 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 sold 281,782 shares of company stock valued at $93,740,172. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 0.4%

Apple stock opened at $343.46 on Friday. The firm has a market cap of $5.01 trillion, a PE ratio of 39.39, a P/E/G ratio of 2.72 and a beta of 1.07. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $348.15. The stock's 50 day simple moving average is $325.83 and its two-hundred day simple moving average is $306.16. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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. The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. Analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AAPL. DA Davidson restated a "neutral" rating and issued a $270.00 price objective on shares of Apple in a research note on Wednesday, September 2nd. Phillip Securities upped their target price on Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a research report on Monday, September 14th. Evercore set a $380.00 price target on shares of Apple and gave the stock an "outperform" rating in a report on Friday, September 18th. China Renaissance lowered shares of Apple from a "buy" rating to a "hold" rating and reduced their price target for the stock from $329.00 to $280.00 in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $340.39.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $1,999 iPhone Duo reportedly sold out within minutes of preorders opening, with delivery estimates pushed into 2027. The response suggests strong pricing power and could establish a significant new premium product category. Apple blames extraordinary demand as foldable iPhones sell out
• Positive Sentiment: Evercore ISI said the iPhone Duo’s extended lead times support its Buy rating and $380 price target. Investors view the launch as a potential catalyst for higher average selling prices and iPhone revenue. Apple early iPhone demand supports Buy rating
• Positive Sentiment: Apple and Meta are collaborating to run Meta’s 816-billion-parameter Muse Spark Open AI model locally on high-end Macs. The partnership may strengthen Mac demand for AI workloads and improve Apple’s AI positioning without requiring a competing mega-scale model. Apple and Meta team up on AI
• Neutral Sentiment: UBS cautioned that iPhone demand could weaken, highlighting the risk that strong initial foldable-phone interest may not translate into sustained volume. Apple’s roughly $5 trillion valuation also leaves the stock dependent on continued execution.
• Negative Sentiment: UK regulators are preparing a legal fight that could require Apple to give competing payment providers access to technology behind Apple Pay’s tap-to-pay functionality. A forced opening could weaken the payments ecosystem and create compliance costs. Apple set for UK legal fight over tap-to-pay rules
• Negative Sentiment: Apple faces ongoing concerns about lagging rivals in AI infrastructure and advanced assistants. Reports that some iPhone 18 Pro component orders were reduced add to questions about future handset demand.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares worth approximately $828,000. The transaction is small relative to Apple’s size but represents another insider sale and may have modest signaling value.

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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