Apple Inc. $AAPL Shares Sold by Weil Company Inc.

Key Points

• Weil Company Inc. reduced its Apple stake by 2.7% in the third quarter, selling 2,891 shares and retaining 103,833 shares worth approximately $34.6 million. Apple remains about 6.1% of the fund’s portfolio and its third-largest holding.
• Several other institutional investors increased their Apple positions, while hedge funds and institutions collectively own 67.73% of the company’s stock. Analysts maintain a “Moderate Buy” consensus, with an average price target of $340.12.
• Apple’s growth outlook is supported by strong iPhone Duo demand and its expanding services ecosystem, but investors face execution and valuation risks. The stock trades near 40 times earnings ahead of the company’s expected November 2 results, while reported foldable-screen issues and insider selling add caution.

Weil Company Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 103,833 shares of the iPhone maker's stock after selling 2,891 shares during the period. Apple accounts for approximately 6.1% of Weil Company Inc.'s holdings, making the stock its 3rd largest holding. Weil Company Inc.'s holdings in Apple were worth $34,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Western Financial Corp CA increased its stake in shares of Apple by 244.3% during the 3rd quarter. Western Financial Corp CA now owns 21,209 shares of the iPhone maker's stock valued at $7,063,000 after acquiring an additional 15,049 shares during the last quarter. Finward Bancorp lifted its holdings in shares of Apple by 1.7% during the 3rd quarter. Finward Bancorp now owns 18,127 shares of the iPhone maker's stock worth $6,037,000 after acquiring an additional 301 shares during the period. Financial Planning Navigators CORP lifted its holdings in shares of Apple by 2.5% during the 3rd quarter. Financial Planning Navigators CORP now owns 8,420 shares of the iPhone maker's stock worth $2,804,000 after acquiring an additional 203 shares during the period. Tenon Financial LLC boosted its position in shares of Apple by 19.5% in the third quarter. Tenon Financial LLC now owns 16,726 shares of the iPhone maker's stock worth $5,570,000 after acquiring an additional 2,724 shares during the last quarter. Finally, Tempus Wealth Planning LLC boosted its position in shares of Apple by 10.8% in the third quarter. Tempus Wealth Planning LLC now owns 39,534 shares of the iPhone maker's stock worth $13,165,000 after acquiring an additional 3,855 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Key Stories Impacting Apple

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 Stock Performance

NASDAQ AAPL opened at $347.73 on Monday. The firm has a market capitalization of $5.07 trillion, a P/E ratio of 39.88, a P/E/G ratio of 2.75 and a beta of 1.07. Apple Inc. has a 1-year low of $243.42 and a 1-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 business's 50-day simple moving average is $329.75 and its 200-day simple moving average is $309.70.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 EPS. Equities analysts predict that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

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

Insider Buying and Selling at Apple

In other news, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares of the company's stock, valued at $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the transaction, the senior vice president directly owned 41,992 shares in the company, valued at approximately $14,116,870.56. This represents a 5.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 286,853 shares of company stock valued at $95,477,342. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Apple in a report on Monday, August 17th. They issued a "buy" rating for the company. Seaport Research Partners downgraded shares of Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. Wells Fargo & Company reiterated 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. BTIG Research started coverage on shares of Apple in a report on Monday, August 17th. They issued a "neutral" rating on the stock. Finally, KeyCorp reissued an "underweight" rating on shares of Apple in a research note on Thursday, October 15th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $340.12.

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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