Apple Inc. $AAPL Stock: Iams Wealth Management LLC Grows Holdings

Key Points

• Iams Wealth Management increased its Apple stake by 61.6% in the third quarter, bringing its holdings to 30,908 shares valued at approximately $10.1 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share, exceeding the $1.89 analyst consensus, while revenue rose 16.4% year over year to $109.42 billion.
• Apple shares were trading near $343.83, close to their 12-month high, and analysts maintained a “Moderate Buy” consensus with an average price target of $340.59; however, the company faces valuation, regulatory and product-launch risks.

Iams Wealth Management LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 61.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,908 shares of the iPhone maker's stock after purchasing an additional 11,787 shares during the quarter. Apple makes up about 2.9% of Iams Wealth Management LLC's holdings, making the stock its 3rd largest position. Iams Wealth Management LLC's holdings in Apple were worth $10,091,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. NFSG Corp boosted its stake in shares of Apple by 3.4% during the third quarter. NFSG Corp now owns 95,279 shares of the iPhone maker's stock worth $31,728,000 after buying an additional 3,141 shares during the period. Activest Wealth Management increased its position in Apple by 1.2% in the 3rd quarter. Activest Wealth Management now owns 85,573 shares of the iPhone maker's stock valued at $28,497,000 after acquiring an additional 1,027 shares during the period. Guyasuta Investment Advisors Inc. increased its position in Apple by 1.3% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 92,553 shares of the iPhone maker's stock valued at $30,735,000 after acquiring an additional 1,170 shares during the period. Summit Financial Consulting LLC increased its position in Apple by 26.5% in the 3rd quarter. Summit Financial Consulting LLC now owns 3,596 shares of the iPhone maker's stock valued at $1,198,000 after acquiring an additional 753 shares during the period. Finally, Davidson Capital Management Inc. raised its stake in Apple by 125.5% during the 3rd quarter. Davidson Capital Management Inc. now owns 11,799 shares of the iPhone maker's stock valued at $3,929,000 after acquiring an additional 6,567 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

Shares of AAPL stock opened at $343.83 on Thursday. 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 50 day simple moving average of $331.73 and a 200-day simple moving average of $295.51. The company has a market cap of $5.02 trillion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $109.04 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the transaction, the senior vice president owned 41,992 shares in the company, valued at approximately $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Ternus sold 25,412 shares of the firm's 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 approximately $19,832,236.98. This trade represents a 29.90% 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 have sold 286,853 shares of company stock worth $95,477,342. 0.06% of the stock is owned by insiders.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled its first touchscreen MacBook Pro, featuring tandem OLED technology, up to 2,000-nit brightness, 120Hz refresh rates, and higher-end M5 Pro and M5 Max chips. The launch could support Mac revenue, premium pricing and a broader hardware upgrade cycle. Apple Stock: Slip Despite MacBook Pro Launch With Tandem OLED Display
• Positive Sentiment: Analyst support remains a modest tailwind. Monness, Crespi, Hardt raised its Apple price target to $355, while early iPhone 18 Pro sales were reportedly 3.1% above the prior model, including particularly strong growth in China. Wall Street Analyst Updates Apple Stock Target Ahead of Earnings
• Neutral Sentiment: Apple is approaching its November 2 earnings report after a lengthy run of earnings beats. Investors are looking for evidence that iPhone demand, services growth and artificial-intelligence initiatives can justify a valuation near 40 times earnings. Seeking Clues to Apple Q4 Earnings
• Negative Sentiment: The touchscreen MacBook Pro starts at approximately $2,899, raising concerns that premium pricing could limit adoption. Investors also face broader pressure from rising memory costs, expensive technology valuations and potentially higher interest rates. Apple's Touchscreen MacBook Pro Pushes Laptop Pricing Higher
• Negative Sentiment: Apple is offering replacements after reports that screens on its $1,999 foldable iPhone Duo cracked near the hinge. The issue threatens customer confidence and could increase warranty or recall costs just as the company launches a major new product category. Apple Shows First Touchscreen Laptops Amid Product Blitz
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million for allegedly forcing developers toward their payment systems and delaying app reviews, adding to regulatory risks around Apple’s services business. South Korea Fines Google and Apple Over App Market Practices

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent research reports. Yorkville Ives assumed coverage on Apple in a research report on Tuesday, October 6th. They set an "outperform" rating and a $400.00 price objective for the company. Daiwa Securities Group boosted their target price on Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. Piper Sandler initiated coverage on Apple in a research note on Monday, August 17th. They set an "overweight" rating for the company. Monness Crespi & Hardt reaffirmed a "buy" rating and set a $355.00 price target on shares of Apple in a report on Wednesday. Finally, BTIG Research began coverage on shares of Apple in a research report on Monday, August 17th. They issued a "neutral" rating on the stock. One equities research 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $340.59.

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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