Apple Inc. $AAPL Stock: Bath Savings Trust Co Increases Stake

Key Points

• Bath Savings Trust Co. increased its Apple stake by 37.5% in the third quarter, adding 99,601 shares for a total of 365,525 shares valued at approximately $115.5 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. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.39.
• Apple shares opened at $342, near their 52-week high, but insiders—including Tim Cook and John Ternus—sold shares primarily to cover tax obligations. Investors are also weighing potential growth from AI partnerships and new products against concerns about valuation, AI competition and reported iPhone order reductions.

Bath Savings Trust Co lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 37.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,525 shares of the iPhone maker's stock after purchasing an additional 99,601 shares during the quarter. Apple makes up about 12.0% of Bath Savings Trust Co's investment portfolio, making the stock its largest position. Bath Savings Trust Co's holdings in Apple were worth $115,491,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Greenfield Savings Bank grew its holdings in shares of Apple by 1.1% in the 3rd quarter. Greenfield Savings Bank now owns 65,277 shares of the iPhone maker's stock worth $21,664,000 after purchasing an additional 702 shares during the last quarter. Cassilly Financial Group LLC lifted its holdings in Apple by 58.7% during the 3rd quarter. Cassilly Financial Group LLC now owns 2,324 shares of the iPhone maker's stock valued at $774,000 after purchasing an additional 860 shares during the last quarter. Rhodes Investment Advisors Inc. ADV lifted its holdings in Apple by 0.3% during the 3rd quarter. Rhodes Investment Advisors Inc. ADV now owns 11,943 shares of the iPhone maker's stock valued at $3,977,000 after purchasing an additional 41 shares during the last quarter. Wealth Enhancement Trust Services Inc. lifted its holdings in Apple by 6.1% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 113,125 shares of the iPhone maker's stock valued at $37,673,000 after purchasing an additional 6,491 shares during the last quarter. Finally, Echo45 Advisors LLC boosted its position in Apple by 78.0% in the third quarter. Echo45 Advisors LLC now owns 16,391 shares of the iPhone maker's stock valued at $5,459,000 after buying an additional 7,180 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

Shares of Apple stock opened at $342.00 on Friday. 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 $4.99 trillion, a P/E ratio of 39.22, a P/E/G ratio of 2.73 and a beta of 1.07. The firm has a 50 day simple moving average of $325.23 and a 200 day simple moving average of $305.90. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $348.15.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $109.42 billion for 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 firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share. Sell-side analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AAPL shares. Wells Fargo & Company reaffirmed 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. Weiss Ratings upgraded shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Rosenblatt Securities reissued a "neutral" rating and issued a $303.00 target price on shares of Apple in a report on Thursday, September 10th. HSBC reissued a "buy" rating and issued a $366.00 target price on shares of Apple in a report on Tuesday, September 8th. Finally, Piper Sandler initiated coverage on Apple in a research report on Monday, August 17th. They set an "overweight" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $340.39.

Insider Activity

In related news, insider Timothy D. Cook sold 191,753 shares of the business's stock in a transaction on 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 sale, the insider directly owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. The trade was a 5.55% 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, CEO John Ternus sold 25,412 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the transaction, the chief executive officer owned 59,567 shares of the company's stock, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 281,782 shares of company stock worth $93,740,172 in the last 90 days. Corporate insiders own 0.06% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple and Meta Platforms are collaborating to let developers run Meta’s large Muse AI model locally on high-end Mac computers. The partnership could strengthen the Mac’s appeal for AI workloads while reducing reliance on cloud computing. Apple and Meta team up to make Muse AI model run on Mac computers
• Positive Sentiment: Apple’s first foldable iPhone, the 7.6-inch iPhone Duo, begins preorders Friday. A successful launch could open a new premium product category and support revenue growth, although its high price makes demand uncertain. iPhone Duo preorders begin Friday
• Positive Sentiment: Apple recently closed above a $5 trillion market capitalization, reinforcing investor confidence and highlighting the stock’s recent momentum. Reports also indicate Apple Intelligence may finally launch in mainland China in December, expanding the potential user base. Apple tops $5 trillion valuation
• Neutral Sentiment: The China AI rollout is reportedly limited and may exclude the upgraded Siri and Genmoji features, making the launch strategically important but less compelling than a full-featured release. Apple Intelligence in China
• Negative Sentiment: Analysts and commentators remain concerned that Apple is spending less on AI than rivals and could fall behind in advanced assistants, while the stock’s elevated valuation leaves less room for execution disappointments. Reported iPhone 18 Pro component-order reductions add to demand concerns. Apple reportedly cuts iPhone 18 orders
• Negative Sentiment: Apple is challenging a $5.7 billion damages ruling in a patent case, while OpenAI alleges that a former employee who joined Apple took confidential information about an unreleased device. Both matters create potential financial and reputational risk. Apple challenges Taction damages ruling
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 Apple shares for approximately $828,000. The transaction is relatively small compared with Apple’s market value, but insider selling can add modest short-term pressure.

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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