Apple Inc. $AAPL Shares Purchased by William Allan Corp

Key Points

• William Allan Corp increased its Apple stake by 20.7% in the third quarter, purchasing 7,545 additional shares for a total of 44,012 shares valued at approximately $14.2 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Analyst sentiment remains positive overall, with Apple carrying a consensus “Moderate Buy” rating and an average price target of $340.12, despite ratings ranging from Sell to Strong Buy.
• Apple faces a mixed outlook ahead of its expected November 2 earnings report: strong demand for its foldable iPhone and continued AI expansion are positives, while reported hinge-screen defects, premium valuation, and execution concerns pose risks.

William Allan Corp grew its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 20.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,012 shares of the iPhone maker's stock after buying an additional 7,545 shares during the period. Apple makes up 7.6% of William Allan Corp's portfolio, making the stock its 2nd biggest position. William Allan Corp's holdings in Apple were worth $14,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. West Wealth Group LLC grew its position in shares of Apple by 90.4% during the 3rd quarter. West Wealth Group LLC now owns 108,820 shares of the iPhone maker's stock worth $36,239,000 after buying an additional 51,654 shares during the period. Ironwood Wealth Management Inc. bought a new stake in shares of Apple in the 3rd quarter valued at about $34,000. Summit Financial Strategies Inc. raised its position in shares of Apple by 0.3% in the 3rd quarter. Summit Financial Strategies Inc. now owns 69,651 shares of the iPhone maker's stock valued at $23,195,000 after acquiring an additional 200 shares during the period. Fortune 45 LLC raised its position in shares of Apple by 4.4% in the 3rd quarter. Fortune 45 LLC now owns 14,032 shares of the iPhone maker's stock valued at $4,673,000 after acquiring an additional 585 shares during the period. Finally, Reliant Investment Management LLC acquired a new stake in shares of Apple in the 3rd quarter valued at approximately $14,554,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Friday, July 31st. DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price for the company. in a research note on Tuesday, August 4th. The Goldman Sachs Group began coverage on shares of Apple in a report on Monday, August 17th. They issued a "buy" rating on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Apple in a report on Wednesday, October 21st. Finally, Evercore set a $380.00 price target on shares of Apple and gave the stock an "outperform" rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.12.

Key Stories Impacting Apple

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 at Apple

In related news, insider Ben Borders sold 1,280 shares of the business's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.40, for a total value of $442,112.00. Following the sale, the insider directly owned 38,288 shares of the company's stock, valued at approximately $13,224,675.20. The trade was a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,392 shares of the company's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.05, for a total transaction of $480,309.60. Following the completion of the transaction, the chief financial officer directly owned 17,539 shares of the company's stock, valued at approximately $6,051,831.95. The trade was a 7.35% decrease in their ownership of the stock. 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. Insiders have sold 286,853 shares of company stock valued at $95,477,342 over the last three months. Insiders own 0.06% of the company's stock.

Apple Trading Down 1.1%

NASDAQ AAPL 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 debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market cap of $5.02 trillion, a P/E ratio of 39.44, a P/E/G ratio of 2.75 and a beta of 1.07. The stock's 50-day moving average is $329.47 and its 200-day moving average is $294.25.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the previous year, the firm earned $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 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Apple 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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