204,784 Apple Inc. $AAPL Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 164.3% in the third quarter, HoldingsChannel.com reports. The firm owned 329,445 shares of the iPhone maker’s stock after acquiring an additional 204,784 shares during the period. Apple accounts for approximately 3.1% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Sax Wealth Advisors LLC’s holdings in Apple were worth $109,498,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fragasso Financial Advisors Inc boosted its holdings in shares of Apple by 0.4% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 261,017 shares of the iPhone maker’s stock valued at $87,869,000 after buying an additional 1,129 shares during the period. Terra Nova Asset Management LLC grew its position in shares of Apple by 53.1% during the 3rd quarter. Terra Nova Asset Management LLC now owns 18,214 shares of the iPhone maker’s stock valued at $5,755,000 after buying an additional 6,316 shares during the last quarter. NorthCrest Asset Manangement LLC raised its stake in Apple by 15.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 542,787 shares of the iPhone maker’s stock worth $182,216,000 after acquiring an additional 72,305 shares during the period. Haven Capital Group Inc. raised its stake in Apple by 0.4% during the third quarter. Haven Capital Group Inc. now owns 41,123 shares of the iPhone maker’s stock worth $13,695,000 after acquiring an additional 147 shares during the period. Finally, JGP Wealth Management LLC raised its stake in Apple by 0.3% during the third quarter. JGP Wealth Management LLC now owns 233,607 shares of the iPhone maker’s stock worth $77,796,000 after acquiring an additional 789 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, CEO John Ternus sold 25,412 shares of the company’s 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 completion of the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O’brien sold 46,389 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their position. 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. In the last ninety days, insiders have sold 284,454 shares of company stock worth $94,662,594. 0.06% of the stock is owned by corporate insiders.

Apple Trading Up 1.3%

Apple stock opened at $343.99 on Thursday. The firm has a 50 day simple moving average of $328.05 and a 200-day simple moving average of $308.42. 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 stock has a market capitalization of $5.02 trillion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $348.15.

Apple (NASDAQ:AAPL) last released 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 firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 earnings per share. As a group, equities research analysts expect that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AAPL shares. Bank of America restated a “buy” rating and issued a $370.00 target price on shares of Apple in a research note on Wednesday, September 23rd. Rothschild & Co Redburn set a $400.00 price target on Apple and gave the stock a “buy” rating in a research report on Monday, August 17th. HSBC reissued a “buy” rating and issued a $366.00 price target on shares of Apple in a report on Tuesday, September 8th. Citic Securities raised their price target on Apple from $300.00 to $349.00 in a report on Thursday, August 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Apple in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $340.12.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Apple said only limited quantities of its $1,999 foldable iPhone Duo will be available for walk-in customers when it launches October 23. Online orders reportedly sold out within minutes, with some delivery estimates extending into January 2027. The demand signals support premium pricing and could make the new product a meaningful revenue catalyst. Apple will have limited iPhone Duo units available in stores
• Positive Sentiment: Upcoming product catalyst: Apple’s October 28 event is expected to feature new Pro Macs, potentially including a touchscreen MacBook Pro and M6-powered systems. A successful launch could strengthen expectations for renewed Mac growth and broaden Apple’s hardware lineup. Apple product event scheduled for October 28
• Positive Sentiment: Expansion and ecosystem support: Apple’s India business reportedly delivered 31% revenue growth and 66% profit growth in fiscal 2026. Separately, Apple Wallet car-key support is expanding to selected General Motors vehicles, extending the reach of Apple’s services ecosystem.
• Neutral Sentiment: Supply-chain investment: Apple plans to commit up to $100 million to a U.S. titanium supplier over three years. The move may improve domestic sourcing and support iPhone Duo production, but it also highlights manufacturing constraints and does not immediately change earnings expectations. Apple commits to U.S. titanium manufacturing
• Neutral Sentiment: Insider selling: Two Apple insiders sold shares, with at least one transaction identified as covering tax withholding on vested equity awards. The sales are relatively small and do not clearly indicate weakening confidence.
• Negative Sentiment: Downgrade and valuation concerns: Loop Capital cut AAPL to Hold and lowered its price target to $330, citing weaker iPhone shipment expectations. UBS also warned that rising memory and component costs could pressure gross margins ahead of the November 2 earnings report. With Apple trading at roughly 39 times earnings and near its annual high, investors may demand stronger growth to justify the premium valuation. Loop Capital downgrades Apple on iPhone concerns
• Negative Sentiment: Regulatory risk: UK competition regulators are proposing easier access for rival contactless payment services on the iPhone, which could increase competition for Apple Pay and modestly weaken the services ecosystem.

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.