Apple Inc. $AAPL Stock Acquired by Saxony Capital Management LLC

Key Points

• Saxony Capital Management increased its Apple stake by 18.5% in the third quarter to 17,378 shares valued at approximately $5.79 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also maintains a quarterly dividend of $0.27, representing a 0.3% yield.
• Apple’s outlook is mixed: strong demand for its foldable iPhone and premium iPhone models supports growth, but reported hinge-related defects, rising memory costs and shipment concerns prompted some analysts to downgrade the stock. Shares opened at $347.10, above the consensus price target of $340.12.

Saxony Capital Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 18.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,378 shares of the iPhone maker's stock after acquiring an additional 2,713 shares during the quarter. Apple comprises about 2.3% of Saxony Capital Management LLC's portfolio, making the stock its 10th biggest position. Saxony Capital Management LLC's holdings in Apple were worth $5,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Weaver Capital Management LLC raised its position in shares of Apple by 20.4% in the 3rd quarter. Weaver Capital Management LLC now owns 47,432 shares of the iPhone maker's stock worth $15,722,000 after acquiring an additional 8,042 shares in the last quarter. Triasima Portfolio Management inc. lifted its stake in shares of Apple by 0.9% during the 3rd quarter. Triasima Portfolio Management inc. now owns 37,151 shares of the iPhone maker's stock worth $12,372,000 after purchasing an additional 325 shares during the last quarter. Financial Harvest LLC boosted its position in Apple by 2.7% during the third quarter. Financial Harvest LLC now owns 9,881 shares of the iPhone maker's stock valued at $3,290,000 after purchasing an additional 259 shares in the last quarter. Brindle & Bay Financial Advisors LLC boosted its position in Apple by 51.2% during the third quarter. Brindle & Bay Financial Advisors LLC now owns 1,576 shares of the iPhone maker's stock valued at $525,000 after purchasing an additional 534 shares in the last quarter. Finally, Mystic Asset Management Inc. boosted its position in Apple by 6.9% during the third quarter. Mystic Asset Management Inc. now owns 107,630 shares of the iPhone maker's stock valued at $34,922,000 after purchasing an additional 6,948 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of AAPL stock opened at $347.10 on Wednesday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $351.73. The firm has a market capitalization of $5.07 trillion, a price-to-earnings ratio of 39.81 and a beta of 1.07. The stock's 50-day simple moving average is $331.06 and its 200-day simple moving average is $295.09.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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. The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. The business's revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 EPS. As a group, equities analysts forecast that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date 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 (DPR) is 12.39%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Demand for Apple’s first foldable iPhone Duo has substantially exceeded supply. The $1,999 device reportedly sold out within minutes, delivery estimates extend into January, and Apple is said to be seeking as much as 30% more production capacity. This supports hopes for a new high-margin growth category and a broader iPhone upgrade cycle. Apple's Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
• Positive Sentiment: Initial global sales of the iPhone 18 Pro were 3.1% above the prior-generation Pro models, including a 29% increase in China. Strong premium-phone demand could help Apple’s revenue and services ecosystem. Initial global sales of Apple iPhone 18 Pro higher than 17 series
• Positive Sentiment: Apple launched an M6-powered 24-inch iMac and 14-inch MacBook Pro, promoting faster performance and on-device AI capabilities. The refresh could lift Mac sales and support Apple’s longer-term AI hardware strategy. Apple introduces the new 14-inch MacBook Pro with M6
• Neutral Sentiment: Apple also released iOS 27.2 with expanded Siri AI language support, security improvements and new features for the iPhone Duo. These updates may strengthen the ecosystem, but their near-term financial impact is uncertain. Apple rolls out iOS 27.2 with new Siri AI languages and security fixes
• Negative Sentiment: Some iPhone Duo owners report cracks and bright lines near the hinge. Apple acknowledged the display issue and is offering replacements, while teardown reports point to a possible hinge-related design problem. Potential warranty costs and reputational damage threaten the new product’s momentum. Some iPhone Duo owners say Apple's foldable cracked within hours
• Negative Sentiment: Loop Capital downgraded Apple to Hold and cut its price target to $330, citing possible iPhone shipment reductions and rising memory costs. At nearly 40 times earnings, investors may require strong December-quarter guidance to justify the valuation. Loop Capital Lowers Apple Stock Price Target on iPhone Shipment Concerns

Insider Activity at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $339.62, for a total value of $814,748.38. Following the completion of the transaction, the senior vice president owned 34,795 shares of the company's stock, valued at approximately $11,817,077.90. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Ternus sold 25,412 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares of the company's stock, valued at approximately $19,832,236.98. This represents a 29.90% 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. Insiders have sold 286,853 shares of company stock worth $95,477,342 in the last 90 days. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AAPL shares. JPMorgan Chase & Co. lifted their target price on Apple from $340.00 to $360.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. Morgan Stanley reissued an "overweight" rating on shares of Apple in a research report on Wednesday, October 21st. Oppenheimer reissued a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. China Renaissance cut shares of Apple from a "buy" rating to a "hold" rating and lowered their price target for the company from $329.00 to $280.00 in a report on Tuesday, August 4th. Finally, Phillip Securities lifted their price objective on shares of Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $340.12.

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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.