Apple Inc. $AAPL Shares Bought by West Wealth Group LLC

West Wealth Group LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 90.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 108,820 shares of the iPhone maker’s stock after acquiring an additional 51,654 shares during the period. Apple accounts for approximately 3.8% of West Wealth Group LLC’s portfolio, making the stock its 7th largest holding. West Wealth Group LLC’s holdings in Apple were worth $36,239,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAPL. Berkshire Hathaway Inc bought a new stake in shares of Apple in the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE purchased a new stake in shares of Apple during the 2nd quarter valued at approximately $36,986,090,000. Legal & General Group Plc bought a new position in Apple in the 2nd quarter worth approximately $30,443,242,000. Deutsche Bank AG bought a new position in Apple in the 2nd quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Apple in the 2nd quarter valued at approximately $10,588,946,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Demand for Apple’s first foldable iPhone Duo appears exceptionally strong, with delivery estimates extending into January. Apple has reportedly asked suppliers to increase production by 30%, suggesting robust consumer interest and potential for a sizable upgrade cycle. Apple’s iPhone Duo Buyers Face a Wait That Could Stretch Into January
• Positive Sentiment: Apple introduced a redesigned iPad mini beginning at $699, featuring an OLED display, A20 Pro chip, improved AI performance, water resistance and Wi-Fi 7. The launch broadens Apple’s higher-end hardware lineup ahead of the holiday season. Apple Unveils $699 OLED iPad Mini
• Positive Sentiment: Apple expanded Siri’s AI language support, including Japanese, indicating continued progress in its artificial-intelligence rollout and global product integration. Apple Expands Siri AI Languages
• Neutral Sentiment: Investors are focused on Apple’s fiscal fourth-quarter results expected November 2. Analysts anticipate continued iPhone, Mac and Services growth, but the stock’s premium valuation leaves limited room for an earnings or outlook disappointment. Why Buying Apple Stock Before Q4 Earnings Could Be Risky
• Negative Sentiment: Users have reported cracks and bright lines near the hinge on some $1,999 iPhone Duo units. Apple acknowledged the issue and said affected devices would be replaced under AppleCare, but the defect creates reputational, warranty-cost and execution risks for an important new product. Apple Responds to Reports of Broken iPhone Duo Screens
• Negative Sentiment: The new iPad mini’s higher starting price may limit demand, while broader concerns about leadership succession, AI execution and rising component costs are adding to investor caution ahead of earnings. Apple Earnings Expected to Grow

Insider Activity

In related news, CEO John Ternus sold 25,412 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the sale, the chief executive officer owned 59,567 shares in the company, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their ownership of the stock. 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, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the sale, the senior vice president owned 41,992 shares in the company, valued at $14,116,870.56. This trade represents a 5.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 286,853 shares of company stock valued at $95,477,342 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AAPL shares. Rosenblatt Securities reissued a “neutral” rating and set a $303.00 target price on shares of Apple in a report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft lowered Apple from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Yorkville Ives initiated coverage on Apple in a report on Tuesday, October 6th. They issued an “outperform” rating and a $400.00 price target for the company. DZ Bank cut Apple from a “buy” rating to a “hold” rating and set a $310.00 price target for the company. in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research note on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $340.12.

Apple Price Performance

AAPL stock opened at $343.91 on Tuesday. The firm has a 50 day moving average of $329.47 and a 200-day moving average of $294.25. The firm has a market capitalization of $5.02 trillion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 2.75 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 for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 EPS. As a group, sell-side analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s dividend payout ratio (DPR) is presently 12.39%.

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.