Milestone Asset Management LLC Buys 22,567 Shares of Apple Inc. $AAPL

Key Points

• Milestone Asset Management increased its Apple stake by 34.2% in the third quarter, buying 22,567 shares to bring its holdings to 88,620 shares valued at approximately $29.5 million. Apple now represents about 4.7% of the firm’s portfolio.
• Institutional investors own 67.73% of Apple, with major holders including State Street, Berkshire Hathaway, Bank of America, Legal & General and Amundi.
• Apple insiders sold approximately $95.5 million worth of stock over the past 90 days, primarily to cover tax obligations on vested equity awards. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.59.

Milestone Asset Management LLC increased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 34.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,620 shares of the iPhone maker's stock after purchasing an additional 22,567 shares during the quarter. Apple makes up approximately 4.7% of Milestone Asset Management LLC's investment portfolio, making the stock its 3rd biggest position. Milestone Asset Management LLC's holdings in Apple were worth $29,512,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Apple by 4.7% in the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock worth $182,897,769,000 after buying an additional 28,321,085 shares during the period. Berkshire Hathaway Inc purchased a new position in shares of Apple during the 2nd quarter valued at about $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple during the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc bought a new position in shares of Apple during the 2nd quarter valued at approximately $30,443,242,000. Finally, Amundi grew its stake in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. 67.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction that occurred on 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 completion of the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares of the company's stock, valued at approximately $19,832,236.98. This trade represents 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 286,853 shares of company stock valued at $95,477,342 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled its first touchscreen MacBook Pro, featuring tandem OLED technology, up to 2,000-nit brightness, 120Hz refresh rates, and higher-end M5 Pro and M5 Max chips. The launch could support Mac revenue, premium pricing and a broader hardware upgrade cycle. Apple Stock: Slip Despite MacBook Pro Launch With Tandem OLED Display
• Positive Sentiment: Analyst support remains a modest tailwind. Monness, Crespi, Hardt raised its Apple price target to $355, while early iPhone 18 Pro sales were reportedly 3.1% above the prior model, including particularly strong growth in China. Wall Street Analyst Updates Apple Stock Target Ahead of Earnings
• Neutral Sentiment: Apple is approaching its November 2 earnings report after a lengthy run of earnings beats. Investors are looking for evidence that iPhone demand, services growth and artificial-intelligence initiatives can justify a valuation near 40 times earnings. Seeking Clues to Apple Q4 Earnings
• Negative Sentiment: The touchscreen MacBook Pro starts at approximately $2,899, raising concerns that premium pricing could limit adoption. Investors also face broader pressure from rising memory costs, expensive technology valuations and potentially higher interest rates. Apple's Touchscreen MacBook Pro Pushes Laptop Pricing Higher
• Negative Sentiment: Apple is offering replacements after reports that screens on its $1,999 foldable iPhone Duo cracked near the hinge. The issue threatens customer confidence and could increase warranty or recall costs just as the company launches a major new product category. Apple Shows First Touchscreen Laptops Amid Product Blitz
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million for allegedly forcing developers toward their payment systems and delaying app reviews, adding to regulatory risks around Apple’s services business. South Korea Fines Google and Apple Over App Market Practices

Apple Stock Performance

NASDAQ AAPL opened at $343.83 on Thursday. The firm has a market cap of $5.02 trillion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $331.73 and a 200-day moving average price of $295.51. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm's revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.57 earnings per share. As a group, equities research analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Analysts Set New Price Targets

AAPL has been the subject of several analyst reports. Wells Fargo & Company reissued an "overweight" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a report on Friday, July 31st. Moffett Nathanson set a $283.00 price target on shares of Apple and gave the company a "neutral" rating in a report on Tuesday, October 20th. Evercore reaffirmed an "outperform" rating on shares of Apple in a report on Tuesday. Bank of America reiterated a "buy" rating and issued a $370.00 price target on shares of Apple in a research report on Wednesday, September 23rd. Finally, Raymond James Financial reissued a "market perform" rating on shares of Apple in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average price target of $340.59.

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.

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