Neumann Capital Management LLC Buys New Stake in Apple Inc. $AAPL

Key Points

• Neumann Capital Management bought 72,745 Apple shares worth approximately $24.2 million in the third quarter, making Apple its third-largest holding at 6.1% of the portfolio.
• Other institutional investors also increased their Apple positions, and hedge funds and institutions collectively own 67.73% of the company’s stock.
• Apple insiders sold $95.5 million worth of shares over the past 90 days, primarily to cover tax obligations tied to vested equity awards, while analysts maintain a “Moderate Buy” consensus with an average price target of $340.59.

Neumann Capital Management LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 72,745 shares of the iPhone maker's stock, valued at approximately $24,226,000. Apple comprises 6.1% of Neumann Capital Management LLC's holdings, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Iams Wealth Management LLC grew its stake in Apple by 61.6% in the 3rd quarter. Iams Wealth Management LLC now owns 30,908 shares of the iPhone maker's stock valued at $10,091,000 after purchasing an additional 11,787 shares during the period. NFSG Corp boosted its stake in Apple by 3.4% in the third quarter. NFSG Corp now owns 95,279 shares of the iPhone maker's stock valued at $31,728,000 after acquiring an additional 3,141 shares during the last quarter. Activest Wealth Management boosted its stake in Apple by 1.2% in the third quarter. Activest Wealth Management now owns 85,573 shares of the iPhone maker's stock valued at $28,497,000 after acquiring an additional 1,027 shares during the last quarter. Guyasuta Investment Advisors Inc. grew its position in shares of Apple by 1.3% during the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 92,553 shares of the iPhone maker's stock valued at $30,735,000 after acquiring an additional 1,170 shares during the period. Finally, Summit Financial Consulting LLC grew its position in shares of Apple by 26.5% during the 3rd quarter. Summit Financial Consulting LLC now owns 3,596 shares of the iPhone maker's stock valued at $1,198,000 after acquiring an additional 753 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In related news, CEO John Ternus sold 25,412 shares of the firm's stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ben Borders sold 1,280 shares of the firm's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the transaction, the insider directly owned 38,288 shares of the company's stock, valued at approximately $13,224,675.20. This trade represents a 3.23% 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 worth $95,477,342 in the last ninety days. Insiders own 0.06% of the company's stock.

Apple News Roundup

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 Price Performance

Shares of NASDAQ:AAPL opened at $343.83 on Thursday. 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 firm has a market capitalization of $5.02 trillion, a PE ratio of 39.43, a P/E/G ratio of 2.75 and a beta of 1.07. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $351.73. The company has a 50-day moving average price of $331.73 and a two-hundred day moving average price of $295.51.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the company earned $1.57 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AAPL shares. Seaport Research Partners lowered shares of Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. JPMorgan Chase & Co. upped their price objective on Apple from $340.00 to $360.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. Evercore reissued an "outperform" rating on shares of Apple in a report on Tuesday. Sanford C. Bernstein reissued an "outperform" rating on shares of Apple in a report on Friday, September 25th. Finally, TD Cowen reissued a "buy" rating and issued a $400.00 target price on shares of Apple in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $340.59.

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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