Apple Inc. $AAPL Shares Sold by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 12.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,073 shares of the iPhone maker’s stock after selling 2,234 shares during the period. Apple accounts for about 1.4% of New Wave Wealth Advisors LLC’s portfolio, making the stock its 18th largest position. New Wave Wealth Advisors LLC’s holdings in Apple were worth $5,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Avenir Tech Ltd acquired a new stake in Apple in the second quarter valued at approximately $29,000. Longfellow Investment Management Co. LLC purchased a new position in Apple during the 2nd quarter worth $30,000. Ironwood Wealth Management Inc. purchased a new position in Apple during the 3rd quarter worth $34,000. Ascentis Wealth Management LLC increased its position in Apple by 822.7% during the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker’s stock valued at $85,000 after buying an additional 260,792 shares in the last quarter. Finally, Bamco Inc. NY acquired a new position in Apple during the 2nd quarter valued at about $118,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Bank of America reiterated a “buy” rating and issued a $370.00 price target on shares of Apple in a research note on Wednesday, September 23rd. Rosenblatt Securities restated a “neutral” rating and set a $303.00 price objective on shares of Apple in a report on Thursday, September 10th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $355.00 price objective on shares of Apple in a research report on Wednesday, October 28th. Moffett Nathanson set a $283.00 target price on shares of Apple and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Finally, HSBC reissued a “buy” rating on shares of Apple in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $340.49.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal fourth-quarter revenue of $114.48 billion, up 12% year over year and above the approximately $113.4 billion consensus estimate. Diluted EPS of $2.10 also exceeded expectations near $1.99. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Growth was led by early demand for the iPhone 18 Pro lineup, with iPhone revenue reaching $57.6 billion, up 17%, while Mac sales and Services also set records. Apple’s active installed base reached an all-time high, supporting its ecosystem and recurring-revenue outlook. Apple Q4 earnings call: Ternus breaks down excellent quarter
• Positive Sentiment: Relatively light quarterly capital spending of $2.24 billion, below the expected $3.33 billion, reinforces Apple’s cash-generation and capital-discipline story as other technology companies spend heavily on AI infrastructure. Big quarterly beats after the close
• Neutral Sentiment: The report was the first under CEO John Ternus. His defense of Apple’s measured AI strategy may appeal to investors seeking profitable, product-focused AI development, but it leaves the company with less visible AI investment than major rivals.
• Negative Sentiment: China revenue fell short of projections, while iPad and Wearables, Home and Accessories sales missed estimates. These weaknesses offset the iPhone and Mac strength and raised concerns about regional and product-line momentum. New CEO John Ternus delivers an Apple earnings beat
• Negative Sentiment: Memory-chip inflation and component shortages threaten future gross margins. Apple’s inventory rose from $11.09 billion to $14.54 billion during the quarter, suggesting the company is stockpiling components but also tying up more cash. Apple inventory surges as memory chip costs climb
• Negative Sentiment: EPS benefited from a roughly $0.05-per-share tariff refund, and gross margin received an approximately one-percentage-point boost. Investors may therefore view part of the earnings beat as one-time rather than purely operational. Apple reports fourth quarter results

Insider Buying and Selling at Apple

In related news, insider Timothy Cook sold 191,753 shares of the stock in a transaction that occurred on 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 owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 59,567 shares of the company’s stock, valued at $19,832,236.98. This represents a 29.90% 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. Insiders have sold a total of 289,252 shares of company stock worth $96,301,063 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Down 1.8%

Apple stock opened at $338.32 on Tuesday. The business’s 50-day simple moving average is $333.62 and its two-hundred day simple moving average is $296.77. 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 has a market cap of $4.94 trillion, a PE ratio of 38.80, a PEG ratio of 2.72 and a beta of 1.07. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $351.73.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm had revenue of $114.48 billion during the quarter, compared to analysts’ expectations of $113.40 billion. During the same period last year, the business posted $1.85 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

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.