Apple Inc. $AAPL Stock Bought by Barlow Wealth Partners LLC

Key Points

• Barlow Wealth Partners increased its Apple stake by 3.8% in the third quarter to 122,065 shares valued at approximately $40.6 million, making Apple its fifth-largest holding. Institutional investors collectively own 67.73% of Apple.
• Apple reported strong quarterly results, with earnings of $2.02 per share and revenue of $109.42 billion, up 16.4% year over year. The stock opened at $347.10, near its 52-week high, with a market capitalization of about $5.07 trillion.
• Investor sentiment is mixed: strong iPhone and foldable-device demand supports growth prospects, while reported foldable-screen defects, elevated valuation, shipment concerns and rising memory costs have led some analysts to downgrade the stock. Apple has a consensus “Moderate Buy” rating and an average price target of $340.12.

Barlow Wealth Partners LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 122,065 shares of the iPhone maker's stock after acquiring an additional 4,419 shares during the period. Apple makes up about 4.3% of Barlow Wealth Partners LLC's portfolio, making the stock its 5th largest holding. Barlow Wealth Partners LLC's holdings in Apple were worth $40,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Berkshire Hathaway Inc acquired a new stake in Apple in the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple during the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple during the second quarter valued at approximately $30,443,242,000. Deutsche Bank AG purchased a new position in Apple in the 2nd quarter valued at $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Apple in the 2nd quarter valued at $10,588,946,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

More Apple News

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

Apple Stock Up 0.9%

AAPL stock opened at $347.10 on Wednesday. The business has a fifty day moving average of $331.06 and a two-hundred day moving average of $295.09. The stock has a market cap of $5.07 trillion, a price-to-earnings ratio of 39.81 and a beta of 1.07. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $109.04 billion. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid 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 was Monday, August 10th. Apple's dividend payout ratio is 12.39%.

Insider Transactions at Apple

In other 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 in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. 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, CEO John Ternus sold 25,412 shares of Apple stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the sale, the chief executive officer directly owned 59,567 shares of the company's stock, valued at $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $95,477,342 over the last three months. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAPL. Daiwa Securities Group raised their price target on shares of Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Wells Fargo & Company restated an "overweight" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. KeyCorp reiterated an "underweight" rating on shares of Apple in a research report on Thursday, October 15th. Raymond James Financial reissued a "market perform" rating on shares of Apple in a research note on Friday, July 31st. Finally, China Renaissance cut Apple from a "buy" rating to a "hold" rating and dropped their target price for the company from $329.00 to $280.00 in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus target price 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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