Apple Inc. $AAPL Stock Holdings Reduced by Mitchell & Pahl Private Wealth LLC

Key Points

• Mitchell & Pahl Private Wealth reduced its Apple stake by 5.5% in the third quarter, selling 1,549 shares and retaining 26,476 shares worth approximately $8.8 million. Apple remains the firm’s third-largest holding and represents about 3% of its portfolio.
• Analysts remain broadly positive, with Apple receiving a consensus “Moderate Buy” rating and an average price target of $340.12. Recent earnings exceeded expectations, with revenue rising 16.4% year over year.
• Apple shares traded near their 52-week high at $347.73, while insiders sold shares primarily to cover tax obligations related to equity awards. The stock’s elevated valuation—about 40 times earnings—remains a key risk despite strong product demand and growth prospects.

Mitchell & Pahl Private Wealth LLC cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,476 shares of the iPhone maker's stock after selling 1,549 shares during the period. Apple accounts for about 3.0% of Mitchell & Pahl Private Wealth LLC's portfolio, making the stock its 3rd largest holding. Mitchell & Pahl Private Wealth LLC's holdings in Apple were worth $8,817,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Avenir Tech Ltd acquired a new position in shares of Apple in the 2nd quarter valued at $29,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Apple during the 2nd quarter worth $30,000. ABS Investment Management LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $376,168,000. Bamco Inc. NY acquired a new stake in shares of Apple during the 2nd quarter worth about $118,000. Finally, Bard Associates Inc. acquired a new stake in shares of Apple during the 2nd quarter worth about $161,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AAPL. Maxim Group boosted their price objective on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 31st. KeyCorp reaffirmed an "underweight" rating on shares of Apple in a research note on Thursday, October 15th. Evercore set a $380.00 price target on shares of Apple and gave the company an "outperform" rating in a research report on Friday, September 18th. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a research note on Wednesday, July 15th. Finally, Citigroup reissued a "buy" rating on shares of Apple in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus price target of $340.12.

Insider Activity at Apple

In other news, CFO Kevan Parekh sold 1,392 shares of the firm's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the transaction, the chief financial officer owned 17,539 shares of the company's stock, valued at approximately $6,051,831.95. This trade represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ben Borders sold 1,280 shares of the firm's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the transaction, the insider directly owned 38,288 shares of the company's stock, valued at approximately $13,224,675.20. The trade was a 3.23% decrease in their position. 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. Over the last three months, insiders sold 286,853 shares of company stock valued at $95,477,342. 0.06% of the stock is owned by company insiders.

Apple Trading Down 0.1%

Shares of NASDAQ AAPL opened at $347.73 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5.07 trillion, a PE ratio of 39.88, a PEG ratio of 2.75 and a beta of 1.07. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $351.73. The stock has a fifty day simple moving average of $329.75 and a 200-day simple moving average of $309.34.

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

Apple Dividend Announcement

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

More 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.

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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