Apple Inc. $AAPL Stock Holdings Raised by New England Research & Management Inc.

Key Points

• New England Research & Management increased its Apple position by 7.5% in the third quarter, adding 3,135 shares to hold 44,774 shares worth approximately $14.75 million. Apple now represents 5.6% of the firm’s portfolio, while institutions and hedge funds collectively own 67.73% of the stock.
• Apple shares opened at $344.63, near their 12-month high, with a market capitalization of roughly $5.03 trillion and a P/E ratio of 39.52. The company’s latest quarterly results exceeded expectations, including $2.02 in EPS and $109.42 billion in revenue, with revenue up 16.4% year over year.
• Apple’s outlook includes potential AI, hardware and demand catalysts, but investors are also monitoring rising memory costs, possible margin pressure and slowing iPhone growth. Analyst sentiment remains a “Moderate Buy,” with an average price target of $340.49, while insiders sold shares primarily to cover tax obligations related to equity awards.

New England Research & Management Inc. lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,774 shares of the iPhone maker's stock after buying an additional 3,135 shares during the quarter. Apple comprises approximately 5.6% of New England Research & Management Inc.'s holdings, making the stock its 2nd biggest position. New England Research & Management Inc.'s holdings in Apple were worth $14,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Sterling Wealth Management Inc. increased its stake in shares of Apple by 0.3% during the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock worth $3,351,000 after purchasing an additional 30 shares during the last quarter. Thor Investment Management Inc. OH ADV lifted its stake in Apple by 1.6% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker's stock valued at $637,000 after purchasing an additional 30 shares during the last quarter. Evansbrook LLC lifted its stake in Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after purchasing an additional 34 shares during the last quarter. JMG Financial Group Ltd. grew its holdings in Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after purchasing an additional 35 shares during the period. Finally, Wealth Forward LLC grew its holdings in Apple by 0.3% during the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker's stock worth $4,438,000 after purchasing an additional 35 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 1.2%

Shares of NASDAQ:AAPL opened at $344.63 on Friday. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $351.73. The stock has a market cap of $5.03 trillion, a PE ratio of 39.52, a P/E/G ratio of 2.73 and a beta of 1.07. The business has a 50 day moving average of $333.04 and a 200-day moving average of $296.38. 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 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for 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 for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. As a group, equities research analysts forecast that Apple Inc. will post 8.75 earnings per share for the current year.

Key Headlines Impacting Apple

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

Insider Buying and Selling at Apple

In related news, CEO John Ternus sold 25,412 shares of the business'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 completion of the sale, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. The trade was a 29.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Deirdre O'brien sold 46,389 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value 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 approximately $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 289,252 shares of company stock worth $96,301,063 in the last 90 days. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Seaport Research Partners downgraded Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. Evercore reaffirmed an "outperform" rating on shares of Apple in a research report on Tuesday. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. Royal Bank Of Canada set a $365.00 target price on Apple in a research note on Wednesday, July 15th. Finally, Raymond James Financial reissued a "market perform" rating on shares of Apple in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average target price of $340.49.

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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