Mills Wealth Advisors LLC Buys 1,545 Shares of Apple Inc. $AAPL

Key Points

• Mills Wealth Advisors increased its Apple stake by 141.4% in the third quarter, buying 1,545 shares and ending the period with 2,638 shares valued at about $879,000.
• Institutional investors collectively own 67.73% of Apple shares, and analysts surveyed by MarketBeat give the stock a “Moderate Buy” consensus rating with an average price target of $347.11.
• Apple’s latest quarterly results beat estimates: earnings were $2.10 per share and revenue was $114.48 billion, up 11.7% year over year.

Mills Wealth Advisors LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 141.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,638 shares of the iPhone maker's stock after purchasing an additional 1,545 shares during the period. Mills Wealth Advisors LLC's holdings in Apple were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Avenir Tech Ltd purchased a new position in shares of Apple in the second quarter valued at approximately $29,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Apple in the second quarter worth approximately $30,000. Ironwood Wealth Management Inc. purchased a new stake in shares of Apple during the third quarter worth approximately $34,000. Ascentis Wealth Management LLC increased its position in shares of Apple by 822.7% during the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after purchasing an additional 260,792 shares in the last quarter. Finally, Bamco Inc. NY purchased a new stake in shares of Apple during the second quarter worth approximately $118,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Top Apple Stories

Here are a few of the latest stories about AAPL:

• Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and raised its price target to $425, citing growth potential from Apple’s first foldable iPhone. The bullish outlook helped support shares. Analyst raises Apple price target to $425
• Neutral Sentiment: Google is rolling out Gemini Live on Apple CarPlay, bringing another conversational AI option to iPhone users’ cars. This adds functionality to the CarPlay platform, though it also highlights competition for Apple’s own assistant. Google brings Gemini Live to Apple CarPlay
• Negative Sentiment: Some analysts and commentators argue the shares look expensive after a strong run, raising the risk that high expectations could limit further gains if growth or margins disappoint. Apple shares look expensive heading into 2027

Analysts Set New Price Targets

Several research firms recently commented on AAPL. CICC Research increased their price objective on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Seaport Research Partners cut shares of Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. Maxim Group upped their target price on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Finally, Daiwa Securities Group raised their price target on shares of Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $347.11.

Apple Stock Performance

Shares of Apple stock opened at $355.63 on Thursday. The business's 50 day moving average price is $337.88 and its 200 day moving average price is $300.06. The company has a market cap of $5.17 trillion, a price-to-earnings ratio of 39.65, a PEG ratio of 3.35 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 1.02. Apple Inc. has a one year low of $243.42 and a one year high of $355.91.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company had revenue of $114.48 billion during the quarter, compared to analysts' expectations of $113.40 billion. During the same period in the prior year, the business earned $1.85 EPS. The firm's quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 9.45 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's payout ratio is presently 12.04%.

Insider Activity

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of Apple stock in a transaction dated 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 transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Apple stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. This trade represents a 29.90% 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 290,212 shares of company stock worth $96,639,685. 0.06% of the stock is owned by insiders.

About Apple

Apple Inc. designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS. The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple's devices and are sold to consumers, businesses and institutions around the world. Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.

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