Apple Inc. $AAPL Shares Bought by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 15.1% during the third quarter, HoldingsChannel reports. The fund owned 53,720 shares of the iPhone maker’s stock after buying an additional 7,051 shares during the quarter. Apple comprises 3.7% of Opal Wealth Advisors LLC’s holdings, making the stock its 7th biggest position. Opal Wealth Advisors LLC’s holdings in Apple were worth $17,793,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Avenir Tech Ltd bought a new stake in shares of Apple in the second quarter valued at approximately $29,000. Ironwood Wealth Management Inc. bought a new position in Apple in the 3rd quarter worth approximately $34,000. Longfellow Investment Management Co. LLC bought a new position in Apple in the 2nd quarter worth approximately $30,000. ABS Investment Management LLC purchased a new position in Apple in the 2nd quarter valued at approximately $376,168,000. Finally, Bamco Inc. NY purchased a new position in Apple in the 2nd quarter valued at approximately $118,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $344.63 on Friday. The company has a 50 day moving average of $333.04 and a 200 day moving average of $296.38. The stock has a market cap of $5.03 trillion, a P/E ratio of 39.52, a P/E/G ratio of 2.76 and a beta of 1.07. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL) last posted 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. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. During the same period in the prior year, the company posted $1.57 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Apple from $340.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Seaport Research Partners lowered Apple from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. Moffett Nathanson set a $283.00 price target on Apple and gave the stock a “neutral” rating in a report on Tuesday, October 20th. Phillip Securities lifted their price target on Apple from $290.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, September 14th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Apple in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $340.49.

Insider Activity

In related news, CEO John Ternus sold 25,412 shares of the business’s 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 completion of the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy D. Cook sold 191,753 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the transaction, the insider owned 3,264,168 shares in the company, valued at $1,086,837,377.28. This represents a 5.55% 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. In the last three months, insiders sold 289,252 shares of company stock worth $96,301,063. Company 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.