Godsey & Gibb Inc. Buys 69,330 Shares of Apple Inc. $AAPL

Key Points

• Godsey & Gibb increased its Apple position by 45.7% in the third quarter, purchasing 69,330 shares and bringing its total holdings to 221,031 shares valued at approximately $69.5 million.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst expectations, while institutional investors collectively own 67.73% of the stock.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.12, although Apple’s valuation near 40 times earnings and reported foldable-device execution risks remain potential concerns.

Godsey & Gibb Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 45.7% 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 221,031 shares of the iPhone maker's stock after purchasing an additional 69,330 shares during the period. Apple accounts for about 4.8% of Godsey & Gibb Inc.'s investment portfolio, making the stock its 3rd largest holding. Godsey & Gibb Inc.'s holdings in Apple were worth $69,496,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. Harbor Group Inc. increased its holdings in shares of Apple by 3.4% in the third quarter. Harbor Group Inc. now owns 7,340 shares of the iPhone maker's stock valued at $2,444,000 after buying an additional 243 shares in the last quarter. Johnson Bixby & Associates LLC lifted its position in shares of Apple by 46.4% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 61,277 shares of the iPhone maker's stock valued at $20,407,000 after acquiring an additional 19,431 shares during the last quarter. Western Financial Corp CA boosted its stake in shares of Apple by 244.3% during the 3rd quarter. Western Financial Corp CA now owns 21,209 shares of the iPhone maker's stock worth $7,063,000 after acquiring an additional 15,049 shares in the last quarter. Finward Bancorp boosted its stake in shares of Apple by 1.7% during the 3rd quarter. Finward Bancorp now owns 18,127 shares of the iPhone maker's stock worth $6,037,000 after acquiring an additional 301 shares in the last quarter. Finally, Financial Planning Navigators CORP grew its holdings in shares of Apple by 2.5% in the 3rd quarter. Financial Planning Navigators CORP now owns 8,420 shares of the iPhone maker's stock worth $2,804,000 after acquiring an additional 203 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Oppenheimer reiterated a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. KeyCorp reissued an "underweight" rating on shares of Apple in a research note on Thursday, October 15th. Citigroup reissued a "buy" rating on shares of Apple in a research note on Thursday, September 10th. Finally, HSBC restated a "buy" rating and set a $366.00 price objective on shares of Apple in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.12.

Apple Price Performance

AAPL opened at $347.73 on Monday. The firm has a market capitalization of $5.07 trillion, a P/E ratio of 39.88, a PEG ratio of 2.75 and a beta of 1.07. The stock has a fifty day moving average of $329.75 and a 200-day moving average of $309.70. 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 Inc. has a 12-month low of $243.42 and a 12-month high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. Apple's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. Equities analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

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

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.

Insiders Place Their Bets

In other news, insider Timothy D. Cook sold 191,753 shares of the 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 $1,086,837,377.28. This represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the sale, 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 286,853 shares of company stock worth $95,477,342. Insiders own 0.06% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.