Journey Retirement Planning & Investment Management LLC Acquires 2,139 Shares of Apple Inc. $AAPL

Key Points

• Journey Retirement Planning & Investment Management increased its Apple stake by 31.5% in the third quarter, adding 2,139 shares and bringing its total to 8,921 shares valued at approximately $2.97 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Wall Street’s consensus view remains favorable, with Apple receiving a “Moderate Buy” rating and an average price target of $340.62, although analyst opinions range from “Underweight” to “Outperform.”
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding estimates, while insiders sold roughly $94.7 million in stock over the past 90 days, primarily including sales tied to equity-award tax obligations.

Journey Retirement Planning & Investment Management LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 31.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,921 shares of the iPhone maker's stock after buying an additional 2,139 shares during the period. Apple comprises about 2.0% of Journey Retirement Planning & Investment Management LLC's portfolio, making the stock its 9th biggest holding. Journey Retirement Planning & Investment Management LLC's holdings in Apple were worth $2,971,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Gouws Capital LLC boosted its stake in shares of Apple by 136.9% in the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker's stock valued at $12,490,000 after purchasing an additional 21,676 shares in the last quarter. Central Bank & Trust Co. increased its position in Apple by 16.8% during the 3rd quarter. Central Bank & Trust Co. now owns 106,981 shares of the iPhone maker's stock worth $34,744,000 after purchasing an additional 15,401 shares in the last quarter. WoodTrust Financial Corp increased its position in Apple by 4.4% during the 3rd quarter. WoodTrust Financial Corp now owns 88,027 shares of the iPhone maker's stock worth $28,990,000 after purchasing an additional 3,750 shares in the last quarter. Douglas Lane & Associates LLC increased its position in Apple by 76.3% during the 3rd quarter. Douglas Lane & Associates LLC now owns 291,349 shares of the iPhone maker's stock worth $89,263,000 after purchasing an additional 126,075 shares in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its stake in Apple by 18.0% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 3,375 shares of the iPhone maker's stock valued at $1,124,000 after purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAPL. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. Piper Sandler began coverage on shares of Apple in a report on Monday, August 17th. They set an "overweight" rating for the company. Barclays reiterated an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a research note on Friday, July 31st. Daiwa Securities Group increased their price target on Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Finally, DA Davidson reissued a "neutral" rating and set a $270.00 price objective on shares of Apple in a report on Wednesday, September 2nd. 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $340.62.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Ternus sold 25,412 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the sale, the chief executive officer owned 59,567 shares of the company's stock, valued at $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. 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 284,454 shares of company stock worth $94,662,594 over the last ninety days. Insiders own 0.06% of the company's stock.

Key Stories Impacting Apple

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.

Apple Stock Down 0.2%

NASDAQ:AAPL opened at $342.94 on Tuesday. The firm's 50 day simple moving average is $326.53 and its 200 day simple moving average is $307.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a one year low of $243.42 and a one year high of $348.15. The company 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 (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 firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period in the previous year, the firm posted $1.57 EPS. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, research analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is presently 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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

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.