Apple Inc. $AAPL Shares Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,387,665 shares of the iPhone maker's stock after buying an additional 23,100 shares during the quarter. Apple comprises about 4.9% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 3rd largest position. Ferguson Wellman Capital Management Inc.'s holdings in Apple were worth $401,535,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Roffman Miller Associates Inc. PA boosted its holdings in Apple by 1.9% during the second quarter. Roffman Miller Associates Inc. PA now owns 456,155 shares of the iPhone maker's stock worth $131,993,000 after buying an additional 8,537 shares in the last quarter. Braun Stacey Associates Inc. increased its holdings in Apple by 1.9% in the second quarter. Braun Stacey Associates Inc. now owns 664,904 shares of the iPhone maker's stock valued at $192,397,000 after buying an additional 12,398 shares in the last quarter. Navellier & Associates Inc. increased its holdings in Apple by 2.5% in the second quarter. Navellier & Associates Inc. now owns 47,780 shares of the iPhone maker's stock valued at $13,826,000 after buying an additional 1,170 shares in the last quarter. Tandem Capital Management Corp ADV lifted its position in shares of Apple by 1.9% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 19,802 shares of the iPhone maker's stock valued at $5,730,000 after acquiring an additional 368 shares during the period. Finally, Field & Main Bank acquired a new stake in shares of Apple during the 2nd quarter valued at approximately $21,901,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the completion of the sale, the senior vice president owned 44,391 shares in the company, valued at $15,095,603.46. The trade was a 5.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 11,031 shares of company stock valued at $3,535,759. 0.06% of the stock is owned by insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Analyst Ratings Changes

Several equities analysts recently weighed in on AAPL shares. Citic Securities raised their price objective on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research report on Friday, September 25th. Citigroup reissued a "buy" rating on shares of Apple in a report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft cut Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Finally, DA Davidson restated a "neutral" rating and set a $270.00 target price on shares of Apple in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average price target of $340.14.

Apple Trading Up 1.1%

Shares of AAPL stock opened at $333.02 on Thursday. The company has a market capitalization of $4.86 trillion, a price-to-earnings ratio of 38.19, a PEG ratio of 2.86 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $321.97 and a 200 day moving average price of $299.21. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 EPS. Research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Apple 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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