Apple Inc. $AAPL Stock: Sax Wealth Advisors LLC Increases Holdings

Key Points

• Sax Wealth Advisors increased its Apple holdings by 164.3% in the third quarter, owning 329,445 shares valued at approximately $109.5 million. Institutional investors collectively own 67.73% of Apple’s stock.
• Analyst sentiment remains positive, with MarketBeat reporting a consensus rating of “Moderate Buy” and an average price target of $340.12, although some analysts cited iPhone shipment and valuation concerns.
• Apple recently exceeded quarterly earnings expectations, reporting $2.02 in EPS and $109.42 billion in revenue, while shares trade near their 52-week high at a valuation of roughly 39 times earnings.

Sax Wealth Advisors LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 164.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 329,445 shares of the iPhone maker's stock after purchasing an additional 204,784 shares during the period. Apple makes up about 3.1% of Sax Wealth Advisors LLC's holdings, making the stock its 6th biggest position. Sax Wealth Advisors LLC's holdings in Apple were worth $109,498,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fragasso Financial Advisors Inc raised its position in shares of Apple by 0.4% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 261,017 shares of the iPhone maker's stock worth $87,869,000 after purchasing an additional 1,129 shares during the last quarter. Terra Nova Asset Management LLC lifted its stake in Apple by 53.1% in the 3rd quarter. Terra Nova Asset Management LLC now owns 18,214 shares of the iPhone maker's stock valued at $5,755,000 after buying an additional 6,316 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Apple by 15.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 542,787 shares of the iPhone maker's stock valued at $182,216,000 after buying an additional 72,305 shares in the last quarter. Haven Capital Group Inc. lifted its stake in Apple by 0.4% in the 3rd quarter. Haven Capital Group Inc. now owns 41,123 shares of the iPhone maker's stock valued at $13,695,000 after buying an additional 147 shares in the last quarter. Finally, JGP Wealth Management LLC grew its holdings in Apple by 0.3% during the 3rd quarter. JGP Wealth Management LLC now owns 233,607 shares of the iPhone maker's stock valued at $77,796,000 after buying an additional 789 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of analyst reports. DA Davidson reissued a "neutral" rating and issued a $270.00 price target on shares of Apple in a report on Wednesday, September 2nd. Weiss Ratings upgraded Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Royal Bank Of Canada set a $365.00 price objective on Apple in a research note on Wednesday, July 15th. Morgan Stanley reiterated an "overweight" rating on shares of Apple in a research report on Wednesday. Finally, Arete Research boosted their target price on shares of Apple from $305.00 to $335.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $340.12.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Apple said only limited quantities of its $1,999 foldable iPhone Duo will be available for walk-in customers when it launches October 23. Online orders reportedly sold out within minutes, with some delivery estimates extending into January 2027. The demand signals support premium pricing and could make the new product a meaningful revenue catalyst. Apple will have limited iPhone Duo units available in stores
• Positive Sentiment: Upcoming product catalyst: Apple’s October 28 event is expected to feature new Pro Macs, potentially including a touchscreen MacBook Pro and M6-powered systems. A successful launch could strengthen expectations for renewed Mac growth and broaden Apple’s hardware lineup. Apple product event scheduled for October 28
• Positive Sentiment: Expansion and ecosystem support: Apple’s India business reportedly delivered 31% revenue growth and 66% profit growth in fiscal 2026. Separately, Apple Wallet car-key support is expanding to selected General Motors vehicles, extending the reach of Apple’s services ecosystem.
• Neutral Sentiment: Supply-chain investment: Apple plans to commit up to $100 million to a U.S. titanium supplier over three years. The move may improve domestic sourcing and support iPhone Duo production, but it also highlights manufacturing constraints and does not immediately change earnings expectations. Apple commits to U.S. titanium manufacturing
• Neutral Sentiment: Insider selling: Two Apple insiders sold shares, with at least one transaction identified as covering tax withholding on vested equity awards. The sales are relatively small and do not clearly indicate weakening confidence.
• Negative Sentiment: Downgrade and valuation concerns: Loop Capital cut AAPL to Hold and lowered its price target to $330, citing weaker iPhone shipment expectations. UBS also warned that rising memory and component costs could pressure gross margins ahead of the November 2 earnings report. With Apple trading at roughly 39 times earnings and near its annual high, investors may demand stronger growth to justify the premium valuation. Loop Capital downgrades Apple on iPhone concerns
• Negative Sentiment: Regulatory risk: UK competition regulators are proposing easier access for rival contactless payment services on the iPhone, which could increase competition for Apple Pay and modestly weaken the services ecosystem.

Apple Stock Performance

NASDAQ AAPL opened at $343.99 on Thursday. The business's 50-day moving average price is $328.05 and its 200 day moving average price is $308.42. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $348.15. The company has a market capitalization of $5.02 trillion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same period 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. On average, research analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Buying and Selling at Apple

In other news, CEO John Ternus sold 25,412 shares of Apple stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares of the company's stock, 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 can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,392 shares of Apple stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.05, for a total value of $480,309.60. Following the sale, the chief financial officer owned 17,539 shares in the company, valued at $6,051,831.95. This represents a 7.35% 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. In the last quarter, insiders sold 284,454 shares of company stock worth $94,662,594. Insiders own 0.06% of the company's stock.

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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