YHB Investment Advisors Inc. raised its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,085 shares of the iPhone maker’s stock after buying an additional 43,526 shares during the period. Apple makes up about 7.8% of YHB Investment Advisors Inc.’s holdings, making the stock its biggest holding. YHB Investment Advisors Inc.’s holdings in Apple were worth $121,738,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of AAPL. State Street Corp grew its stake in Apple by 4.7% during the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock valued at $182,897,769,000 after purchasing an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc purchased a new stake in Apple during the 2nd quarter worth approximately $65,950,297,000. Bank of America Corp DE purchased a new stake in Apple during the 2nd quarter worth approximately $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple in the 2nd quarter valued at approximately $30,443,242,000. Finally, Amundi raised its position in shares of Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Citic Securities increased their target price on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Raymond James Financial reissued a “market perform” rating on shares of Apple in a research report on Friday, July 31st. CICC Research lifted their price target on shares of Apple from $310.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. The Goldman Sachs Group started coverage on shares of Apple in a report on Monday, August 17th. They issued a “buy” rating on the stock. Finally, Piper Sandler began coverage on shares of Apple in a report on Monday, August 17th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $340.39.
Check Out Our Latest Stock Analysis on Apple
Insider Transactions at Apple
In other news, SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $345.00, for a total value of $827,655.00. Following the completion of the sale, the senior vice president directly owned 37,194 shares in the company, valued at approximately $12,831,930. The trade was a 6.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Ternus sold 25,412 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. This represents a 29.90% 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. Insiders have sold a total of 281,782 shares of company stock valued at $93,740,172 over the last 90 days. Insiders own 0.06% of the company’s stock.
Key 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.
Apple Stock Up 0.4%
NASDAQ:AAPL traded up $1.46 during mid-day trading on Friday, reaching $343.46. The stock had a trading volume of 59,879,121 shares, compared to its average volume of 38,324,512. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company has a market capitalization of $5.01 trillion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 2.71 and a beta of 1.07. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $348.15. The stock’s 50 day simple moving average is $325.83 and its two-hundred day simple moving average is $306.16.
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Apple’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.
Apple Announces Dividend
The company also recently announced 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 was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is presently 12.39%.
Apple Company 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.
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