Bullock Wealth Management Group Acquires 5,593 Shares of Apple Inc. $AAPL

Key Points

• Bullock Wealth Management Group increased its Apple stake by 43.8% in the third quarter, acquiring 5,593 shares for a total holding of 18,375 shares valued at approximately $5.75 million.
• Institutional investors and hedge funds own 67.73% of Apple’s outstanding shares, with several firms initiating or expanding positions during recent quarters.
• Apple has a consensus “Moderate Buy” rating and an average price target of $340.62, although some analysts downgraded the stock to Hold or maintained Underweight ratings amid valuation and iPhone-demand concerns.

Bullock Wealth Management Group lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 43.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,375 shares of the iPhone maker's stock after acquiring an additional 5,593 shares during the quarter. Apple comprises approximately 2.4% of Bullock Wealth Management Group's holdings, making the stock its 6th largest position. Bullock Wealth Management Group's holdings in Apple were worth $5,749,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Avenir Tech Ltd bought a new stake in shares of Apple during the 2nd quarter worth $29,000. Longfellow Investment Management Co. LLC acquired a new position in Apple in the 2nd quarter valued at $30,000. Lifetime Wealth Management P.C. bought a new position in Apple in the 4th quarter worth $41,000. Ascentis Wealth Management LLC raised its holdings in Apple by 822.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after acquiring an additional 260,792 shares during the period. Finally, Bamco Inc. NY bought a new position in Apple in the 2nd quarter worth $118,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Preorders for Apple’s $1,999 foldable iPhone reportedly sold out quickly, with delivery estimates extending into January 2027. The robust response supports near-term revenue expectations and strengthens the case for Apple’s foldable-device strategy. Apple’s iPhone Duo Demand Soars as Deliveries Stretch Into January 2027
• Positive Sentiment: New product event announced: Apple will host its “Pro and Tell” event on October 28. Analysts expect new Macs and potentially the company’s first touchscreen MacBook, which could provide a catalyst for Mac growth and investor sentiment. Apple announces product launch event for Oct. 28
• Positive Sentiment: Analyst support remains favorable: Bank of America reiterated a Buy rating with a $370 price target, while JPMorgan maintained its Overweight rating and $360 target, citing healthy demand trends and longer-term AI potential. Apple Maintained at Buy With Unchanged $370 Price Target
• Neutral Sentiment: Insider transactions: CFO Kevan Parekh and insider Ben Borders sold shares to cover tax withholding related to vested equity awards. The sales modestly reduced their holdings but do not appear to represent discretionary bearish bets.
• Negative Sentiment: Demand concerns and valuation risk: A KeyBanc survey indicated weaker consumer intentions to upgrade iPhones over the next year, despite better early iPhone 18 interest. With AAPL trading near its 52-week high at a premium earnings multiple, disappointment in future iPhone growth could pressure the stock. Apple Stock Escaped the AI Downturn
• Negative Sentiment: Regulatory pressure: UK regulators are reportedly preparing to push Apple to allow alternative default payment services on iPhones, potentially weakening Apple Pay’s ecosystem advantages and services revenue.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the sale, the senior vice president owned 41,992 shares of the company's stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Timothy Cook sold 191,753 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 3,264,168 shares of the company's stock, valued at $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. In the last 90 days, insiders have sold 284,454 shares of company stock worth $94,662,594. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Loop Capital downgraded Apple from a "buy" rating to a "hold" rating and set a $330.00 price target on the stock. in a research report on Tuesday. KeyCorp reissued an "underweight" rating on shares of Apple in a research report on Thursday. Moffett Nathanson reissued a "neutral" rating and issued a $304.00 price objective (up from $270.00) on shares of Apple in a research report on Tuesday, September 8th. Oppenheimer restated a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. Finally, DZ Bank lowered shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price on the stock. in a research report on Tuesday, August 4th. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.62.

Apple Stock Performance

AAPL opened at $342.94 on Tuesday. The stock's 50 day simple moving average is $326.53 and its 200-day simple moving average is $307.21. 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 market cap of $5.00 trillion, a PE ratio of 39.33, a P/E/G ratio of 2.72 and a beta of 1.07. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $348.15.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly 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 firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the previous year, the company earned $1.57 earnings per share. The business's revenue was up 16.4% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date 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 is currently 12.39%.

Apple 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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