Apple Inc. $AAPL Stock Sold by Grant Private Wealth Management Inc

Key Points

• Grant Private Wealth Management cut its Apple position by 18.9% in the third quarter, selling 9,493 shares and retaining 40,815 shares valued at $13.6 million. Apple remains the fund’s third-largest holding and represents 5.9% of its portfolio.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations, while revenue rose 16.4% year over year. The stock opened at $344.63, near its 52-week high, with a market capitalization of approximately $5.03 trillion.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $340.49. However, elevated valuation, insider stock sales, rising component costs and potential margin pressure from higher memory prices remain key risks.

Grant Private Wealth Management Inc cut its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 18.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,815 shares of the iPhone maker's stock after selling 9,493 shares during the quarter. Apple makes up about 5.9% of Grant Private Wealth Management Inc's investment portfolio, making the stock its 3rd largest position. Grant Private Wealth Management Inc's holdings in Apple were worth $13,592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signature Resources Capital Management LLC raised its holdings in shares of Apple by 16.0% in the 3rd quarter. Signature Resources Capital Management LLC now owns 5,121 shares of the iPhone maker's stock valued at $1,706,000 after purchasing an additional 708 shares in the last quarter. BFI Wealth Solutions LLC grew its position in shares of Apple by 4.6% in the third quarter. BFI Wealth Solutions LLC now owns 1,220 shares of the iPhone maker's stock valued at $407,000 after purchasing an additional 54 shares in the last quarter. Ardent Capital Management Inc. increased its position in shares of Apple by 62.9% during the 3rd quarter. Ardent Capital Management Inc. now owns 88,235 shares of the iPhone maker's stock worth $27,382,000 after purchasing an additional 34,057 shares during the last quarter. FIDELIS iM LLC boosted its position in Apple by 605.5% in the 3rd quarter. FIDELIS iM LLC now owns 8,445 shares of the iPhone maker's stock valued at $2,812,000 after buying an additional 7,248 shares during the period. Finally, Ariston Services Group grew its stake in shares of Apple by 101.5% during the third quarter. Ariston Services Group now owns 3,328 shares of the iPhone maker's stock worth $1,108,000 after purchasing an additional 1,676 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

Apple stock opened at $344.63 on Monday. The company's 50 day moving average price is $333.04 and its two-hundred day moving average price is $296.38. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $351.73. The stock has a market cap of $5.03 trillion, a P/E ratio of 39.52, a P/E/G ratio of 2.74 and a beta of 1.07. 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 (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share 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 for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. Apple's revenue was up 16.4% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research reports. Evercore restated an "outperform" rating on shares of Apple in a research note on Tuesday, October 27th. Barclays reissued an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research note on Friday, July 31st. HSBC restated a "buy" rating on shares of Apple in a report on Tuesday, October 27th. Maxim Group raised their target price on Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Citic Securities lifted their price target on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $340.49.

Insider Buying and Selling at Apple

In related 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 transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This represents a 25.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the transaction, 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. 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. Insiders sold a total of 289,252 shares of company stock worth $96,301,063 in the last 90 days. 0.06% of the stock is currently owned by insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

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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