Apple Inc. $AAPL Stock Holdings Raised by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,467 shares of the iPhone maker’s stock after buying an additional 10,077 shares during the quarter. Apple makes up 2.4% of Galvin Gaustad & Stein LLC’s holdings, making the stock its 6th biggest position. Galvin Gaustad & Stein LLC’s holdings in Apple were worth $31,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Dorato Capital Management grew its stake in shares of Apple by 84.6% in the third quarter. Dorato Capital Management now owns 1,113 shares of the iPhone maker’s stock valued at $343,000 after buying an additional 510 shares in the last quarter. Professional Advisory Services Inc. increased its holdings in Apple by 88.1% during the third quarter. Professional Advisory Services Inc. now owns 186,613 shares of the iPhone maker’s stock worth $62,146,000 after buying an additional 87,398 shares during the last quarter. Hamilton Capital LLC raised its position in Apple by 1.1% during the third quarter. Hamilton Capital LLC now owns 45,987 shares of the iPhone maker’s stock worth $15,315,000 after acquiring an additional 502 shares in the last quarter. Bonness Enterprises Inc. raised its position in Apple by 124.4% during the third quarter. Bonness Enterprises Inc. now owns 110,109 shares of the iPhone maker’s stock worth $36,668,000 after acquiring an additional 61,039 shares in the last quarter. Finally, Sapient Capital LLC raised its position in Apple by 0.3% during the third quarter. Sapient Capital LLC now owns 1,159,043 shares of the iPhone maker’s stock worth $385,658,000 after acquiring an additional 3,325 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of analyst reports. Barclays reissued an “underweight” rating and issued a $245.00 price objective (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research note on Wednesday, September 9th. Wells Fargo & Company reaffirmed 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. Bank of America reiterated a “buy” rating and issued a $370.00 target price on shares of Apple in a research note on Wednesday, September 23rd. Finally, Citic Securities raised their target price on shares of Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $340.39.

Apple Stock Up 0.4%

AAPL opened at $343.46 on Friday. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $348.15. The stock’s fifty day simple moving average is $325.83 and its 200 day simple moving average is $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 cap of $5.01 trillion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business 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 firm posted $1.57 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s dividend payout ratio is presently 12.39%.

Insider Activity at Apple

In related news, insider Timothy D. Cook sold 191,753 shares of Apple stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, 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 sale, the chief executive officer directly owned 59,567 shares of the company’s stock, valued at $19,832,236.98. The trade was a 29.90% decrease in their position. 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 281,782 shares of company stock valued at $93,740,172 over the last three months. Company 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’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.

Apple Company 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.