Apple Inc. $AAPL Stock Sold by Denver PWM LLC

Key Points

• Denver PWM LLC cut its Apple position by 33.8% in the second quarter, selling 5,966 shares and retaining 11,696 shares worth approximately $3.58 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst estimates, while revenue increased 16.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.02.
• Key factors affecting Apple include its positive fall product cycle and new AI-security safeguards, offset by a $5.7 billion patent verdict, potential pressure on its services business from rival AI agents, and modest insider selling.

Denver PWM LLC reduced its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 33.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,696 shares of the iPhone maker's stock after selling 5,966 shares during the period. Apple comprises about 1.0% of Denver PWM LLC's portfolio, making the stock its 20th biggest holding. Denver PWM LLC's holdings in Apple were worth $3,578,000 at the end of the most recent reporting period.

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

Insider Transactions at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the transaction, the senior vice president directly owned 41,992 shares of the company's stock, valued at approximately $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 13,430 shares of company stock valued at $4,342,255. 0.06% of the stock is owned by company insiders.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Apple Stock Performance

Shares of AAPL stock opened at $333.69 on Friday. 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 $345.34. The stock has a market capitalization of $4.87 trillion, a PE ratio of 38.27, a P/E/G ratio of 2.63 and a beta of 1.07. The firm has a 50 day moving average of $322.16 and a two-hundred day moving average of $300.01.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during 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 company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.57 earnings per share. On average, research analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given 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 currently 12.39%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AAPL. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research report on Friday, September 25th. Oppenheimer reissued a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. Weiss Ratings cut Apple from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 18th. Loop Capital set a $380.00 target price on Apple in a research note on Friday, September 18th. Finally, Royal Bank Of Canada set a $365.00 price target on Apple in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.02.

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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