Apple Inc. $AAPL Stock Sold by Fairfield Financial Advisors LTD

Key Points

• Fairfield Financial Advisors reduced its Apple stake by 7.4% in the third quarter, selling 3,400 shares and retaining 42,356 shares valued at approximately $14.1 million. Apple remains 5.1% of the firm’s portfolio and its fifth-largest holding.
• Apple shares opened at $347.73, giving the company a market capitalization of about $5.07 trillion and a price-to-earnings ratio near 40. Institutional investors own 67.73% of the stock.
• Investor focus is on strong demand for Apple’s foldable iPhone Duo and the upcoming earnings report, though first-generation product issues and the stock’s elevated valuation remain key risks. Analysts maintain a “Moderate Buy” consensus with an average price target of $340.12.

Fairfield Financial Advisors LTD lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,356 shares of the iPhone maker's stock after selling 3,400 shares during the quarter. Apple comprises approximately 5.1% of Fairfield Financial Advisors LTD's holdings, making the stock its 5th largest position. Fairfield Financial Advisors LTD's holdings in Apple were worth $14,105,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Sterling Wealth Management Inc. grew its holdings in Apple by 0.3% during the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock valued at $3,351,000 after purchasing an additional 30 shares during the last quarter. Thor Investment Management Inc. OH ADV raised its position in shares of Apple by 1.6% in the third quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker's stock valued at $637,000 after purchasing an additional 30 shares during the period. Evansbrook LLC raised its position in shares of Apple by 0.4% in the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after purchasing an additional 34 shares during the period. JMG Financial Group Ltd. lifted its stake in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after buying an additional 35 shares during the last quarter. Finally, Wealth Forward LLC lifted its stake in shares of Apple by 0.3% in the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker's stock worth $4,438,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

More Apple News

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 Stock Down 0.1%

Shares of AAPL stock opened at $347.73 on Friday. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.07 trillion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The stock has a 50 day moving average of $329.75 and a 200-day moving average of $309.34.

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, topping 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 business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the company posted $1.57 earnings per share. Apple's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 8.75 EPS for the current 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. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. Yorkville Ives began coverage on shares of Apple in a report on Tuesday, October 6th. They set an "outperform" rating and a $400.00 price objective for the company. TD Cowen reiterated a "buy" rating and issued a $400.00 target price on shares of Apple in a report on Thursday, September 10th. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and cut their target price for the stock from $370.00 to $330.00 in a research report on Tuesday, October 20th. Maxim Group boosted their target price on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Robert W. Baird upped their price target on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus target price of $340.12.

Insider Buying and Selling

In other news, SVP Deirdre O'brien sold 46,389 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the transaction, the senior vice president owned 136,810 shares of the company's stock, valued at approximately $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a 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, insider Ben Borders sold 1,280 shares of the company's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.40, for a total transaction of $442,112.00. Following the transaction, the insider directly owned 38,288 shares of the company's stock, valued at $13,224,675.20. This represents a 3.23% 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. Over the last ninety days, insiders sold 286,853 shares of company stock worth $95,477,342. 0.06% of the stock is currently owned by corporate insiders.

Apple Company 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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