Apple Inc. $AAPL Position Increased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its position in Apple Inc. (NASDAQ:AAPL) by 5.2% in the third quarter, HoldingsChannel.com reports. The firm owned 4,469,550 shares of the iPhone maker’s stock after acquiring an additional 220,854 shares during the period. Apple comprises 3.9% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 3rd largest holding. TD Waterhouse Canada Inc.’s holdings in Apple were worth $1,465,934,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Morgan Stanley restated an “overweight” rating on shares of Apple in a research note on Wednesday, October 21st. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a report on Friday, July 31st. The Goldman Sachs Group began coverage on Apple in a research note on Monday, August 17th. They issued a “buy” rating on the stock. Finally, Moffett Nathanson set a $283.00 target price on Apple and gave the stock a “neutral” rating in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $340.49.

Insider Activity

In other Apple news, insider Timothy Cook sold 191,753 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the transaction, the insider directly owned 3,264,168 shares in the company, valued at $1,086,837,377.28. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 the company’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 sale, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 289,252 shares of company stock valued at $96,301,063. Company insiders own 0.06% of the company’s stock.

Key Stories Impacting 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

Apple Stock Down 1.2%

Shares of NASDAQ:AAPL opened at $344.63 on Friday. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $351.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company’s fifty day moving average is $333.04 and its 200-day moving average is $296.38. The company has a market capitalization of $5.03 trillion, a PE ratio of 39.52, a P/E/G ratio of 2.76 and a beta of 1.07.

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 the consensus estimate 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%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 EPS. Equities research analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

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.