Apple Inc. $AAPL Stock Sold by Navigate Wealth Management LLC

Key Points

• Navigate Wealth Management reduced its Apple position by 26.6% in the third quarter, selling 3,927 shares and retaining 10,862 shares valued at approximately $3.66 million. Apple represents about 2.2% of the firm’s portfolio.
• Apple’s institutional ownership stands at 67.73%, while several other investment firms recently initiated or increased positions in the stock.
• Apple shares were trading near their 52-week high at $347.73, with a $5.07 trillion market capitalization and a nearly 40 price-to-earnings ratio. Analysts maintain a “Moderate Buy” consensus, though Loop Capital downgraded the stock to “Hold” amid valuation concerns.

Navigate Wealth Management LLC cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 26.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,862 shares of the iPhone maker's stock after selling 3,927 shares during the period. Apple comprises approximately 2.2% of Navigate Wealth Management LLC's portfolio, making the stock its 13th biggest holding. Navigate Wealth Management LLC's holdings in Apple were worth $3,657,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AAPL. Avenir Tech Ltd bought a new position in Apple in the 2nd quarter valued at $29,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Apple during the 2nd quarter valued at $30,000. Ascentis Wealth Management LLC increased its position in shares of Apple by 822.7% during the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock valued at $85,000 after purchasing an additional 260,792 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of Apple during the 2nd quarter valued at $118,000. Finally, Bard Associates Inc. bought a new stake in shares of Apple during the 2nd quarter worth $161,000. 67.73% of the stock is owned by institutional investors.

Trending Headlines about Apple

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.

Insider Buying and Selling

In other Apple 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 sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 the company's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.05, for a total transaction of $480,309.60. Following the sale, the chief financial officer directly owned 17,539 shares in the company, valued at approximately $6,051,831.95. This trade represents a 7.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 286,853 shares of company stock worth $95,477,342 in the last quarter. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $347.73 on Friday. 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 fifty day simple moving average of $329.75 and a two-hundred day simple moving average of $309.34. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $351.73. The firm has a market cap of $5.07 trillion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results 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. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business's revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. Analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Loop Capital cut Apple from a "buy" rating to a "hold" rating and lowered their target price for the stock from $370.00 to $330.00 in a research note on Tuesday, October 20th. Evercore set a $380.00 price target on shares of Apple and gave the company an "outperform" rating in a research report on Friday, September 18th. 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. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a report on Wednesday, July 15th. Finally, Moffett Nathanson set a $283.00 price objective on shares of Apple and gave the stock a "neutral" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $340.12.

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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