Apple Inc. $AAPL Stock: Coastline Trust Co Lowers Position

Key Points

• Coastline Trust Co. reduced its Apple position by 5.5% in the third quarter, selling 10,291 shares and retaining 177,940 shares worth approximately $59.3 million. Apple remains the firm’s second-largest holding, while institutional investors own 67.73% of the stock.
• Analyst sentiment remains broadly positive, with Apple holding a “Moderate Buy” consensus rating and an average price target of $340.39, despite several firms recently downgrading the stock to “Hold” or assigning neutral ratings.
• Apple insiders sold roughly $92.9 million in shares during the latest quarter, including sales by senior executives attributed partly to tax obligations. The company’s latest earnings exceeded expectations, with $2.02 in EPS and $109.42 billion in revenue, up 16.4% year over year.

Coastline Trust Co trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,940 shares of the iPhone maker's stock after selling 10,291 shares during the period. Apple makes up about 5.5% of Coastline Trust Co's holdings, making the stock its 2nd biggest position. Coastline Trust Co's holdings in Apple were worth $59,258,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Prospect Hill Management LLC acquired a new stake in Apple during the second quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC acquired a new position in Apple in the 2nd quarter worth about $168,646,000. Wealthfront Advisers LLC acquired a new position in Apple in the 2nd quarter worth about $482,388,000. Satovsky Asset Management LLC purchased a new stake in shares of Apple during the 2nd quarter worth about $16,064,000. Finally, Saranac Partners Ltd purchased a new stake in shares of Apple during the 2nd quarter worth about $9,513,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAPL. China Renaissance lowered Apple from a "buy" rating to a "hold" rating and reduced their price target for the company from $329.00 to $280.00 in a report on Tuesday, August 4th. KeyCorp restated an "underweight" rating on shares of Apple in a report on Friday, September 4th. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. DZ Bank cut shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price for the company. in a research note on Tuesday, August 4th. Finally, BTIG Research assumed coverage on shares of Apple in a research note on Monday, August 17th. They issued a "neutral" rating for the company. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average target price of $340.39.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president owned 136,810 shares of the company's stock, valued at $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total value of $796,491.99. Following the transaction, the senior vice president owned 39,593 shares in the company, valued at approximately $13,145,271.93. This trade represents a 5.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 279,383 shares of company stock valued at $92,912,517 in the last quarter. Company insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $340.97 on Tuesday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The business has a 50-day moving average of $323.36 and a two-hundred day moving average of $303.99. The stock has a market capitalization of $4.98 trillion, a P/E ratio of 39.10, a P/E/G ratio of 2.68 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

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 (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 EPS. On average, equities research analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Dividend Announcement

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

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: JPMorgan raised its Apple price target from $340 to $360 and maintained an “Overweight” rating, citing improved iPhone 18 Pro demand. Bank of America reiterated its Buy rating and kept a $370 target, viewing potential Starlink competition as manageable. Apple Stock Climbs as JPMorgan Lifts Target, BofA Reiterates Buy
• Positive Sentiment: Apple reportedly reached a 22% share of the global smartphone market in the third quarter, supported by premium iPhone 18 Pro demand despite an overall industry shipment decline. Reports of strong orders for a new foldable iPhone also provided an additional growth narrative. Apple Stock Nears Record High as iPhone Market Share Hits 22%
• Positive Sentiment: Investors are anticipating Apple’s expanded smart-home strategy, including a rumored HomeView hub and updated Apple TV and HomePod mini. A successful launch could strengthen Apple’s ecosystem and open a new product category. Will the HomeView Be Apple’s First Smart Home Success?
• Neutral Sentiment: CEO succession is proceeding with John Ternus replacing Tim Cook, while Cook becomes executive chairman. Apple also met with Chinese officials, underscoring the importance of maintaining stable business and trade relations in its largest overseas market. Tim Cook Meets China’s Vice Premier
• Negative Sentiment: SpaceX’s planned Starlink mobile service could pressure wireless-carrier subsidies that support iPhone sales and eventually create a competing smartphone ecosystem. SpaceX’s Starlink Could Pose Risks to Apple
• Negative Sentiment: Reported supplier order reductions and rising memory costs are renewing concerns about iPhone 18 demand and margins. Google’s integration of wearable data with more than 160 lab tests also increases competition for Apple’s health-platform advantage. iPhone 18 Demand and Supplier Order Cuts

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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