Apple Inc. $AAPL Stock Purchased by RVW Wealth LLC

Key Points

• RVW Wealth LLC increased its Apple position by 5.2% in the third quarter, adding 6,846 shares to hold 139,003 shares worth approximately $46.1 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations, with revenue up 16.4% year over year.
• Insiders sold $92.9 million of Apple shares over the last quarter, including CEO John Ternus’s $8.46 million sale to cover tax obligations. Analysts maintain a “Moderate Buy” consensus with an average price target of $340.39.

RVW Wealth LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 139,003 shares of the iPhone maker's stock after acquiring an additional 6,846 shares during the quarter. Apple makes up 3.0% of RVW Wealth LLC's investment portfolio, making the stock its 10th largest position. RVW Wealth LLC's holdings in Apple were worth $46,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Prospect Hill Management LLC bought a new position in shares of Apple in the second quarter valued at approximately $146,370,000. Focus Partners Advisor Solutions LLC purchased a new position in Apple during the second quarter valued at approximately $168,646,000. Wealthfront Advisers LLC purchased a new position in Apple during the second quarter valued at approximately $482,388,000. Satovsky Asset Management LLC bought a new stake in Apple during the 2nd quarter worth approximately $16,064,000. Finally, Saranac Partners Ltd bought a new stake in Apple during the 2nd quarter worth approximately $9,513,000. Institutional investors own 67.73% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $299 HomeView smart-home hub, along with new cameras, a doorbell, smart lock, thermostat and updated Apple TV and HomePod products, gives the company new hardware and ecosystem expansion opportunities. Analysts also see potential for recurring iCloud+ and other Services revenue. Apple releases HomeView smart home hub with screen as showcase for Siri AI
• Positive Sentiment: Apple reportedly plans to launch Apple Intelligence in mainland China in December, potentially improving access to AI features in a strategically important market. Apple to Release AI Platform in Mainland China
• Positive Sentiment: Apple benefited from news that GlobalFoundries will build two New York fabs with up to $21 billion in U.S.-Japan funding. Apple is expected to source chips from the expanded domestic capacity, supporting supply-chain diversification. GlobalFoundries Secures $21B for New York Fabs
• Positive Sentiment: Investor optimism was reinforced by Apple’s market value reclaiming the $5 trillion milestone, while analyst Dan Ives suggested a stronger AI strategy could support a $400 price target. Apple reaches new highs ahead of iPhone Duo preorders
• Neutral Sentiment: Apple’s iPhone Duo preorders begin October 16. Strong demand could provide a near-term catalyst, but reports of shorter iPhone 18 Pro delivery windows and reduced supplier production have raised questions about demand.
• Neutral Sentiment: Analysts estimate that a paid, more capable Siri could eventually generate substantial Services revenue, but Apple has not announced pricing or a launch date for expanded AI access.
• Negative Sentiment: OpenAI alleges that a former employee who joined Apple transferred more than 100 confidential files concerning an unreleased device. The case could create legal, reputational and product-development risks, although there is no indication Apple used the information. OpenAI alleges former employee took device files to Apple
• Negative Sentiment: Gene Munster warned Apple could lose the AI platform battle if users become loyal to rival assistants such as Meta’s Muse or Grok. Critics also questioned whether HomeView meaningfully addresses Apple’s AI shortcomings.
• Negative Sentiment: With Apple trading near record levels at a rich valuation, investors are concerned that slower growth, margin pressure and uncertain iPhone demand may limit further upside.

Insider Activity at Apple

In related news, CEO John Ternus sold 25,412 shares of the company'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 transaction, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total value of $796,491.99. Following the completion of the transaction, the senior vice president directly owned 39,593 shares in the company, valued at approximately $13,145,271.93. This represents a 5.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 279,383 shares of company stock valued at $92,912,517. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 0.5%

Shares of AAPL opened at $342.96 on Thursday. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $348.15. The company has a market capitalization of $5.01 trillion, a P/E ratio of 39.33, a P/E/G ratio of 2.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm's 50 day simple moving average is $324.64 and its 200 day simple moving average is $305.24.

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

Apple Announces Dividend

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

Analysts Set New Price Targets

AAPL has been the topic of several recent analyst reports. CICC Research increased their target price on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Needham & Company LLC reissued a "hold" rating on shares of Apple in a report on Thursday, October 1st. Citic Securities boosted their price target on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Bank of America reaffirmed a "buy" rating and issued a $370.00 price target on shares of Apple in a report on Wednesday, September 23rd. Finally, DZ Bank downgraded Apple from a "buy" rating to a "hold" rating and set a $310.00 price objective on the stock. in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $340.39.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets 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 software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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