Apple Inc. $AAPL Stock: Adelphi Trust Co Decreases Holdings

Key Points

• Adelphi Trust Co. reduced its Apple stake by 6.6% in the third quarter, selling 1,785 shares and retaining 25,157 shares valued at approximately $8.27 million. Apple remains 5.6% of the firm’s portfolio and its third-largest holding.
• Institutional investors own 67.73% of Apple, while several other funds modestly increased their positions. Apple’s analyst consensus remains “Moderate Buy”, with an average price target of $340.39.
• Apple shares opened at $341.27, near their 52-week high, with a market capitalization of roughly $4.98 trillion and a P/E ratio of 39.60. The company recently exceeded quarterly earnings and revenue estimates, though insider selling and the stock’s demanding valuation remain considerations.

Adelphi Trust Co reduced its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,157 shares of the iPhone maker's stock after selling 1,785 shares during the quarter. Apple accounts for 5.6% of Adelphi Trust Co's investment portfolio, making the stock its 3rd biggest holding. Adelphi Trust Co's holdings in Apple were worth $8,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of AAPL. Sterling Wealth Management Inc. raised its holdings in shares of Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock worth $3,351,000 after acquiring an additional 30 shares during the last quarter. Evansbrook LLC lifted its position in shares of Apple by 0.4% in the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. lifted its position in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after acquiring an additional 35 shares in the last quarter. Advocate Investing Services LLC boosted its stake in shares of Apple by 0.5% during the second quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after acquiring an additional 39 shares during the last quarter. Finally, Sugar Maple Asset Management LLC boosted its stake in shares of Apple by 2.0% during the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock valued at $515,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple launched the $299 HomeView smart-home hub, featuring an upgraded Siri AI assistant, along with a new Apple TV 4K, HomePod mini 2, cameras, a video doorbell, smart lock, thermostat and other accessories. The products expand Apple’s ecosystem into the home and provide a potential new source of hardware and services revenue. Apple releases HomeView smart home hub with screen as showcase for Siri AI
• Positive Sentiment: Partnerships with LG Electronics and Schneider Electric broaden the Apple Home Collection, including security, energy-management and access-control products that could increase engagement with iPhones, Apple Watches and other Apple devices. LG announces smart-home accessories developed with Apple
• Positive Sentiment: Analyst support remains favorable. Bernstein reiterated a Buy rating with a $370 target, while JPMorgan raised its target to $360. Reports also indicate Apple’s iPhone market share reached 22% in the latest quarter, and iPhone 18 Pro demand may be stronger than last year. Bernstein reiterates Buy rating on Apple
• Positive Sentiment: A federal judge ordered OpenAI to provide hiring records and other materials in Apple’s trade-secrets lawsuit, potentially helping Apple investigate the recruitment of former employees and its claims against OpenAI. Judge orders OpenAI to turn over hiring records
• Neutral Sentiment: Investors are awaiting iPhone Duo preorders on October 16. Strong purchase intent could support the stock, but pricing and delivery trends will be closely watched.
• Negative Sentiment: Some suppliers are reportedly cutting production of newer iPhone models, while shorter delivery windows for Pro models raise questions about demand. Apple’s shares also trade at a demanding valuation, leaving less room for disappointing December-quarter guidance.
• Negative Sentiment: Analysts warn that SpaceX’s potential Starlink smartphone and Google’s expanding health-data platform could intensify competition in wireless services, wearables and ecosystem engagement over time.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AAPL shares. CICC Research upped their target price on shares of Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $303.00 price target on shares of Apple in a research note on Thursday, September 10th. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Friday, September 25th. Finally, Barclays reissued an "underweight" rating and issued a $245.00 price objective (down from $253.00) on shares of Apple in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average price target of $340.39.

Insider Activity

In other Apple news, insider Timothy Cook sold 191,753 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value 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. This represents a 5.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 company's stock in a transaction dated 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 of the company's stock, valued at approximately $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 279,383 shares of company stock worth $92,912,517. 0.06% of the stock is owned by corporate insiders.

Apple Stock Up 0.1%

Shares of AAPL opened at $341.27 on Wednesday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $348.15. The company's fifty day moving average is $324.00 and its two-hundred day moving average is $304.61. The firm has a market cap of $4.98 trillion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same period last year, the business posted $1.57 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. Analysts forecast that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

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

About Apple

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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