Apple Inc. $AAPL Stock Bought by Alpine Bank Wealth Management

Key Points

• Alpine Bank Wealth Management increased its Apple holdings by 14.6% in the third quarter, adding 3,350 shares for a total of 26,361 shares worth approximately $8.6 million. Institutional investors now own 67.73% of Apple.
• Analysts maintain a generally positive outlook, with Apple carrying a consensus “Moderate Buy” rating and an average price target of $340.49, though ratings range from Strong Buy to Sell.
• Apple shares opened at $344.63, near their 12-month high, while upcoming earnings face scrutiny over Services and AI growth, rising component costs, and potential margin pressure.

Alpine Bank Wealth Management lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 14.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,361 shares of the iPhone maker's stock after acquiring an additional 3,350 shares during the quarter. Apple makes up about 1.1% of Alpine Bank Wealth Management's portfolio, making the stock its 16th biggest holding. Alpine Bank Wealth Management's holdings in Apple were worth $8,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of Apple in the third quarter worth $1,111,000. CWS Financial Advisors LLC raised its position in shares of Apple by 377.4% in the 3rd quarter. CWS Financial Advisors LLC now owns 304,867 shares of the iPhone maker's stock valued at $101,527,000 after buying an additional 241,009 shares in the last quarter. Fiduciary Advisors Inc. raised its position in shares of Apple by 11.9% in the 3rd quarter. Fiduciary Advisors Inc. now owns 762 shares of the iPhone maker's stock valued at $254,000 after buying an additional 81 shares in the last quarter. Kintegral Advisory LLC raised its position in shares of Apple by 2.2% in the 3rd quarter. Kintegral Advisory LLC now owns 177,317 shares of the iPhone maker's stock valued at $58,889,000 after buying an additional 3,830 shares in the last quarter. Finally, AWM Capital LLC lifted its holdings in shares of Apple by 30.9% during the 3rd quarter. AWM Capital LLC now owns 9,852 shares of the iPhone maker's stock worth $3,281,000 after acquiring an additional 2,327 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD Cowen restated a "buy" rating and set a $400.00 price objective on shares of Apple in a research report on Thursday, September 10th. UBS Group reaffirmed a "neutral" rating on shares of Apple in a report on Tuesday, October 6th. Phillip Securities lifted their price target on Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a research note on Monday, September 14th. Bank of America reiterated a "buy" rating and issued a $370.00 price target on shares of Apple in a research note on Wednesday, September 23rd. Finally, Citic Securities boosted their price target on Apple from $300.00 to $349.00 in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.49.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

Apple Stock Performance

Shares of AAPL stock opened at $344.63 on Friday. The business's 50-day moving average price is $333.04 and its 200-day moving average price is $296.38. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73. The firm has a market capitalization of $5.03 trillion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.73 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. The company 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 business's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.57 earnings per share. Equities research analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. The sale was disclosed in a document filed 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, 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 value of $8,460,671.28. Following 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 ownership of the stock. 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 a total of 289,252 shares of company stock valued at $96,301,063 over the last quarter. 0.06% of the stock is currently owned by company insiders.

About Apple

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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