Apple Inc. $AAPL Stock Sold by Cliftonlarsonallen Wealth Advisors LLC

Key Points

• Cliftonlarsonallen Wealth Advisors reduced its Apple stake by 18.4% in the third quarter, selling 32,373 shares and retaining 143,324 shares valued at approximately $47.7 million.
• Institutional investors own 67.73% of Apple, while the stock recently traded at $347.73 with a market capitalization of about $5.07 trillion and a price-to-earnings ratio near 40.
• Apple exceeded quarterly earnings and revenue expectations, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.12; the company also pays a quarterly dividend of $0.27 per share.

Cliftonlarsonallen Wealth Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 18.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 143,324 shares of the iPhone maker's stock after selling 32,373 shares during the quarter. Apple comprises about 0.6% of Cliftonlarsonallen Wealth Advisors LLC's portfolio, making the stock its 27th largest holding. Cliftonlarsonallen Wealth Advisors LLC's holdings in Apple were worth $47,730,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AAPL. State Street Corp boosted its stake in Apple by 4.7% in the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock valued at $182,897,769,000 after purchasing an additional 28,321,085 shares during the period. Berkshire Hathaway Inc acquired a new position in Apple in the 2nd quarter valued at $65,950,297,000. Bank of America Corp DE acquired a new position in Apple in the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc bought a new position in Apple during the 2nd quarter worth $30,443,242,000. Finally, Amundi increased its position in Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after buying an additional 13,780,080 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $347.73 on Monday. The firm has a 50 day moving average of $329.75 and a 200-day moving average of $309.70. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73. 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 (NASDAQ:AAPL - Get Free Report) last posted its quarterly 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. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. On average, equities research analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

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

Insider Activity

In other Apple news, insider Timothy D. Cook sold 191,753 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the sale, the insider owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their position. The sale 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, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction on Tuesday, September 29th. The shares were 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. The trade was a 5.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 286,853 shares of company stock valued at $95,477,342 in the last three months. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a research note on Wednesday, July 15th. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. DA Davidson reaffirmed a "neutral" rating and set a $270.00 price target on shares of Apple in a research report on Wednesday, September 2nd. Finally, Yorkville Ives initiated coverage on shares of Apple in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $400.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.12.

Apple News Summary

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.

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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