Avidian Wealth Enterprises LLC Sells 17,440 Shares of Apple Inc. $AAPL

Key Points

• Avidian Wealth Enterprises reduced its Apple position by 8.3%, selling 17,440 shares in the third quarter, but still held 193,480 shares valued at approximately $64.1 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also declared a quarterly dividend of $0.27 per share.
• Apple shares opened at $343.46, near their 12-month high, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.39. Insiders, including CEO Tim Cook, sold shares recently, though Cook’s sale was described as covering tax obligations tied to equity awards.

Avidian Wealth Enterprises LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 8.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,480 shares of the iPhone maker's stock after selling 17,440 shares during the period. Apple accounts for about 1.8% of Avidian Wealth Enterprises LLC's investment portfolio, making the stock its 10th largest holding. Avidian Wealth Enterprises LLC's holdings in Apple were worth $64,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Wealth Management Inc. grew its position in Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock worth $3,351,000 after buying an additional 30 shares during the last quarter. Evansbrook LLC lifted its holdings in shares of Apple by 0.4% during 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 last quarter. JMG Financial Group Ltd. lifted its holdings in shares of Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after purchasing an additional 35 shares during the last quarter. Advocate Investing Services LLC boosted its position in shares of Apple by 0.5% in the 2nd quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after purchasing an additional 39 shares during the period. Finally, Sugar Maple Asset Management LLC boosted its position in shares of Apple by 2.0% in the 1st quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock valued at $515,000 after purchasing an additional 40 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Up 0.4%

AAPL stock opened at $343.46 on Friday. The company has a 50 day moving average of $325.83 and a two-hundred day moving average of $306.16. The company has a market cap of $5.01 trillion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.71 and a beta of 1.07. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $348.15. 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 quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating 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 analysts' expectations of $109.04 billion. During the same period in the previous year, the company posted $1.57 EPS. Apple's revenue was up 16.4% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal 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 of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is 12.39%.

Insider Transactions at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $345.00, for a total value of $827,655.00. Following the completion of the sale, the senior vice president owned 37,194 shares of the company's stock, valued at approximately $12,831,930. The trade was a 6.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timothy D. Cook sold 191,753 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their position. 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 sold 281,782 shares of company stock valued at $93,740,172 over the last 90 days. Company insiders own 0.06% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $1,999 iPhone Duo reportedly sold out within minutes of preorders opening, with delivery estimates pushed into 2027. The response suggests strong pricing power and could establish a significant new premium product category. Apple blames extraordinary demand as foldable iPhones sell out
• Positive Sentiment: Evercore ISI said the iPhone Duo’s extended lead times support its Buy rating and $380 price target. Investors view the launch as a potential catalyst for higher average selling prices and iPhone revenue. Apple early iPhone demand supports Buy rating
• Positive Sentiment: Apple and Meta are collaborating to run Meta’s 816-billion-parameter Muse Spark Open AI model locally on high-end Macs. The partnership may strengthen Mac demand for AI workloads and improve Apple’s AI positioning without requiring a competing mega-scale model. Apple and Meta team up on AI
• Neutral Sentiment: UBS cautioned that iPhone demand could weaken, highlighting the risk that strong initial foldable-phone interest may not translate into sustained volume. Apple’s roughly $5 trillion valuation also leaves the stock dependent on continued execution.
• Negative Sentiment: UK regulators are preparing a legal fight that could require Apple to give competing payment providers access to technology behind Apple Pay’s tap-to-pay functionality. A forced opening could weaken the payments ecosystem and create compliance costs. Apple set for UK legal fight over tap-to-pay rules
• Negative Sentiment: Apple faces ongoing concerns about lagging rivals in AI infrastructure and advanced assistants. Reports that some iPhone 18 Pro component orders were reduced add to questions about future handset demand.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares worth approximately $828,000. The transaction is small relative to Apple’s size but represents another insider sale and may have modest signaling value.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAPL. Arete Research lifted their target price on shares of Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. UBS Group restated a "neutral" rating on shares of Apple in a research report on Tuesday, October 6th. DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price target for the company. in a research report on Tuesday, August 4th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research note on Friday, September 25th. Finally, Citigroup reiterated a "buy" rating on shares of Apple in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $340.39.

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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