Apple Inc. $AAPL Stock Sold by Orgel Wealth Management LLC

Orgel Wealth Management LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 20.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,182 shares of the iPhone maker’s stock after selling 2,158 shares during the period. Orgel Wealth Management LLC’s holdings in Apple were worth $2,725,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Phillip Securities raised their target price on shares of Apple from $290.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. JPMorgan Chase & Co. lifted their price target on shares of Apple from $340.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Maxim Group upped their price target on Apple from $350.00 to $380.00 and gave the company a “buy” rating in a report on Friday, July 31st. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and cut their price objective for the company from $370.00 to $330.00 in a research report on Tuesday, October 20th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $303.00 price objective on shares of Apple in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $340.12.

More Apple News

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

Apple Trading Down 1.1%

Shares of AAPL opened at $343.91 on Tuesday. The business’s 50-day moving average price is $329.47 and its 200 day moving average price is $294.25. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5.02 trillion, a P/E ratio of 39.44, a P/E/G ratio of 2.75 and a beta of 1.07. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $351.73.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Analysts expect that Apple Inc. will post 8.75 earnings per share 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. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s dividend payout ratio (DPR) is 12.39%.

Insider Activity

In related news, SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the transaction, the senior vice president owned 41,992 shares of the company’s stock, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John Ternus sold 25,412 shares of Apple 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 owned 59,567 shares in the company, valued at approximately $19,832,236.98. The trade was 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. In the last ninety days, insiders sold 286,853 shares of company stock valued at $95,477,342. 0.06% of the stock is currently owned by insiders.

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.