Apple Inc. $AAPL Stock Holdings Boosted by Shore Point Advisors LLC

Key Points

• Shore Point Advisors increased its Apple position by 36% in the third quarter, holding 5,588 shares worth approximately $1.81 million. Institutional investors collectively own 67.73% of Apple’s outstanding stock.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, surpassing analyst expectations, while revenue grew 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $340.12 price target, although Apple’s roughly 40 P/E ratio, insider selling and execution risks surrounding its new foldable iPhone remain notable concerns.

Shore Point Advisors LLC grew its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 36.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,588 shares of the iPhone maker's stock after acquiring an additional 1,479 shares during the quarter. Shore Point Advisors LLC's holdings in Apple were worth $1,810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Berkshire Hathaway Inc purchased a new stake in shares of Apple in the second quarter valued at about $65,950,297,000. Bank of America Corp DE purchased a new position in Apple during the second quarter worth about $36,986,090,000. Legal & General Group Plc purchased a new position in Apple during the second quarter worth about $30,443,242,000. Deutsche Bank AG acquired a new stake in Apple in the second quarter valued at about $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Apple in the second quarter valued at about $10,588,946,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $339.62, for a total transaction of $814,748.38. Following the transaction, the senior vice president directly owned 34,795 shares of the company's stock, valued at approximately $11,817,077.90. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ben Borders sold 1,280 shares of the business's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the transaction, the insider directly owned 38,288 shares in the company, valued at approximately $13,224,675.20. The trade was a 3.23% 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. Company insiders own 0.06% of the company's stock.

Apple Price Performance

AAPL opened at $347.73 on Friday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The company has a 50 day moving average of $329.75 and a two-hundred day moving average of $309.34. The company has a market cap of $5.07 trillion, a P/E ratio of 39.88, a P/E/G ratio of 2.75 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 posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. On average, analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a $0.27 dividend. 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 currently 12.39%.

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. CICC Research raised their price target on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. 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 note on Friday, July 31st. Seaport Research Partners lowered Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Rosenblatt Securities reiterated a "neutral" rating and issued a $303.00 price objective on shares of Apple in a research report on Thursday, September 10th. Finally, BTIG Research assumed coverage on Apple in a report on Monday, August 17th. They issued a "neutral" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $340.12.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand is the primary catalyst. The foldable phone launched globally Friday amid long lines, limited store inventory and reports that preorders are backordered into 2027. Supply-chain reports indicate Apple raised its first-year shipment target by 44%, to roughly 14 million units. The premium product could expand Apple’s addressable market and support revenue growth. Apple fans react as iPhone Duo hits stores
• Positive Sentiment: The launch strengthens Apple’s broader hardware and services roadmap. Analysts are evaluating whether the Duo can drive accessory, software and services revenue, while potential touchscreen Macs, smart-home products and an Apple-Schneider Electric energy-management partnership provide additional growth opportunities. Will Apple take over the smart home
• Positive Sentiment: Apple briefly reclaimed the title of world’s most valuable public company. AAPL approached or surpassed Nvidia’s approximately $5 trillion valuation as Nvidia shares weakened during a broader AI-stock selloff. Investors are treating Apple’s substantial cash generation and lower AI infrastructure spending as a relative safe haven. Apple tops Nvidia in market value
• Neutral Sentiment: The next major test is earnings. Apple’s fiscal fourth-quarter results are expected November 2, with investors looking for evidence that iPhone Duo demand, holiday sales and margins justify a stock trading near 40 times earnings. Analysts remain broadly constructive, but the average price target is close to recent trading levels.
• Negative Sentiment: Execution and valuation risks remain significant. Some early users have reported cracked foldable screens, while reviews cite first-generation glitches, a $2,000 price and limitations involving the camera and apps. These issues could affect returns, customer satisfaction and adoption.
• Negative Sentiment: Insider selling adds a modest cautionary signal. Senior Vice President Jennifer Newstead sold approximately $815,000 of AAPL shares, following several similar sales. The transaction is small relative to Apple’s size but may reinforce concerns that the stock has become expensive.

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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