Apple Inc. $AAPL Stock Position Increased by New Covenant Trust Company N.A.

New Covenant Trust Company N.A. boosted its position in Apple Inc. (NASDAQ:AAPL) by 10.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,378 shares of the iPhone maker’s stock after purchasing an additional 2,006 shares during the quarter. Apple comprises about 4.8% of New Covenant Trust Company N.A.’s holdings, making the stock its 5th largest position. New Covenant Trust Company N.A.’s holdings in Apple were worth $7,119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kaydan Wealth Management Inc. boosted its stake in shares of Apple by 35.4% during the 3rd quarter. Kaydan Wealth Management Inc. now owns 14,230 shares of the iPhone maker’s stock worth $4,505,000 after purchasing an additional 3,719 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in shares of Apple by 52.9% during the third quarter. Toth Financial Advisory Corp now owns 138,578 shares of the iPhone maker’s stock worth $43,342,000 after buying an additional 47,921 shares in the last quarter. Whalen Wealth Management Inc. grew its holdings in shares of Apple by 0.3% during the third quarter. Whalen Wealth Management Inc. now owns 21,628 shares of the iPhone maker’s stock worth $7,202,000 after buying an additional 56 shares in the last quarter. City Center Advisors LLC raised its position in shares of Apple by 6.1% in the third quarter. City Center Advisors LLC now owns 7,551 shares of the iPhone maker’s stock valued at $2,515,000 after buying an additional 434 shares during the last quarter. Finally, HWG Holdings LP raised its position in shares of Apple by 65.2% in the third quarter. HWG Holdings LP now owns 74,138 shares of the iPhone maker’s stock valued at $24,689,000 after buying an additional 29,256 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $1,999 iPhone Duo reportedly sold out within minutes of preorders opening, with delivery estimates pushed into 2027. The response suggests strong pricing power and could establish a significant new premium product category. Apple blames extraordinary demand as foldable iPhones sell out
• Positive Sentiment: Evercore ISI said the iPhone Duo’s extended lead times support its Buy rating and $380 price target. Investors view the launch as a potential catalyst for higher average selling prices and iPhone revenue. Apple early iPhone demand supports Buy rating
• Positive Sentiment: Apple and Meta are collaborating to run Meta’s 816-billion-parameter Muse Spark Open AI model locally on high-end Macs. The partnership may strengthen Mac demand for AI workloads and improve Apple’s AI positioning without requiring a competing mega-scale model. Apple and Meta team up on AI
• Neutral Sentiment: UBS cautioned that iPhone demand could weaken, highlighting the risk that strong initial foldable-phone interest may not translate into sustained volume. Apple’s roughly $5 trillion valuation also leaves the stock dependent on continued execution.
• Negative Sentiment: UK regulators are preparing a legal fight that could require Apple to give competing payment providers access to technology behind Apple Pay’s tap-to-pay functionality. A forced opening could weaken the payments ecosystem and create compliance costs. Apple set for UK legal fight over tap-to-pay rules
• Negative Sentiment: Apple faces ongoing concerns about lagging rivals in AI infrastructure and advanced assistants. Reports that some iPhone 18 Pro component orders were reduced add to questions about future handset demand.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares worth approximately $828,000. The transaction is small relative to Apple’s size but represents another insider sale and may have modest signaling value.

Insider Activity at Apple

In other news, SVP Deirdre O’brien sold 46,389 shares of the business’s stock in a transaction 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. The trade was a 25.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 on 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 sale, the insider owned 3,264,168 shares of the company’s stock, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 281,782 shares of company stock worth $93,740,172. 0.06% of the stock is currently owned by company insiders.

Apple Trading Up 0.4%

Shares of NASDAQ AAPL traded up $1.46 on Friday, reaching $343.46. 59,879,121 shares of the company traded hands, compared to its average volume of 38,324,512. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $348.15. The company has a 50 day moving average of $325.83 and a 200 day moving average of $306.16. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5.01 trillion, a PE ratio of 39.39, a P/E/G ratio of 2.71 and a beta of 1.07.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the firm posted $1.57 EPS. The company’s revenue was up 16.4% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given 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 yield of 0.3%. Apple’s dividend payout ratio is 12.39%.

Analyst Ratings Changes

Several brokerages recently issued reports on AAPL. Loop Capital set a $380.00 price objective on shares of Apple in a research note on Friday, September 18th. DA Davidson reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Apple in a research note on Wednesday, September 2nd. UBS Group reiterated a “neutral” rating on shares of Apple in a report on Tuesday, October 6th. Barclays reiterated an “underweight” rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a report on Friday, July 31st. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $340.39.

Apple Profile

Apple Inc is a technology company that designs, develops and markets 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 software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.