Apple Inc. $AAPL Stock Position Raised by Avaii Wealth Management LLC

Key Points

• Avaii Wealth Management increased its Apple stake by 9.7% in the third quarter, bringing its holdings to 22,229 shares valued at approximately $7.4 million. Institutional investors collectively own 67.73% of Apple’s stock.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations, while revenue grew 16.4% year over year.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $340.62, though concerns include Apple’s premium valuation, potential weaker iPhone upgrade demand and regulatory pressure on Apple Pay.

Avaii Wealth Management LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,229 shares of the iPhone maker's stock after purchasing an additional 1,968 shares during the quarter. Apple accounts for approximately 2.0% of Avaii Wealth Management LLC's holdings, making the stock its 20th biggest position. Avaii Wealth Management LLC's holdings in Apple were worth $7,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avenir Tech Ltd purchased a new stake in shares of Apple in the second quarter valued at about $29,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Apple during the second quarter worth about $30,000. Lifetime Wealth Management P.C. acquired a new position in shares of Apple during the fourth quarter worth about $41,000. ABS Investment Management LLC acquired a new position in shares of Apple during the second quarter worth about $376,168,000. Finally, Bamco Inc. NY purchased a new position in Apple during the second quarter worth about $118,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Preorders for Apple’s $1,999 foldable iPhone reportedly sold out quickly, with delivery estimates extending into January 2027. The robust response supports near-term revenue expectations and strengthens the case for Apple’s foldable-device strategy. Apple’s iPhone Duo Demand Soars as Deliveries Stretch Into January 2027
• Positive Sentiment: New product event announced: Apple will host its “Pro and Tell” event on October 28. Analysts expect new Macs and potentially the company’s first touchscreen MacBook, which could provide a catalyst for Mac growth and investor sentiment. Apple announces product launch event for Oct. 28
• Positive Sentiment: Analyst support remains favorable: Bank of America reiterated a Buy rating with a $370 price target, while JPMorgan maintained its Overweight rating and $360 target, citing healthy demand trends and longer-term AI potential. Apple Maintained at Buy With Unchanged $370 Price Target
• Neutral Sentiment: Insider transactions: CFO Kevan Parekh and insider Ben Borders sold shares to cover tax withholding related to vested equity awards. The sales modestly reduced their holdings but do not appear to represent discretionary bearish bets.
• Negative Sentiment: Demand concerns and valuation risk: A KeyBanc survey indicated weaker consumer intentions to upgrade iPhones over the next year, despite better early iPhone 18 interest. With AAPL trading near its 52-week high at a premium earnings multiple, disappointment in future iPhone growth could pressure the stock. Apple Stock Escaped the AI Downturn
• Negative Sentiment: Regulatory pressure: UK regulators are reportedly preparing to push Apple to allow alternative default payment services on iPhones, potentially weakening Apple Pay’s ecosystem advantages and services revenue.

Apple Stock Performance

Shares of AAPL opened at $342.94 on Tuesday. 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 Inc. has a 52-week low of $243.42 and a 52-week high of $348.15. The company has a 50-day simple moving average of $326.53 and a 200-day simple moving average of $307.21. The company has a market capitalization of $5.00 trillion, a PE ratio of 39.33, a P/E/G ratio of 2.72 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. Equities research analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Robert W. Baird lifted their price objective on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. DA Davidson reiterated a "neutral" rating and set a $270.00 target price on shares of Apple in a research report on Wednesday, September 2nd. Sanford C. Bernstein reissued an "outperform" rating on shares of Apple in a research note on Friday, September 25th. Finally, DZ Bank downgraded 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $340.62.

Insider Activity at Apple

In related news, CEO John Ternus sold 25,412 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer owned 59,567 shares in the company, valued at $19,832,236.98. This represents a 29.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. This represents a 25.32% 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. In the last 90 days, insiders sold 284,454 shares of company stock worth $94,662,594. 0.06% of the stock is currently owned by company insiders.

Apple 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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