Apple Inc. $AAPL Shares Bought by Kaydan Wealth Management Inc.

Kaydan Wealth Management Inc. grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 35.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,230 shares of the iPhone maker’s stock after acquiring an additional 3,719 shares during the period. Apple accounts for 1.6% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Kaydan Wealth Management Inc.’s holdings in Apple were worth $4,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Avenir Tech Ltd acquired a new position in Apple in the 2nd quarter worth about $29,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Apple during the 2nd quarter worth about $30,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Apple during the 4th quarter worth about $41,000. Ascentis Wealth Management LLC lifted its holdings in shares of 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 during the last quarter. Finally, Bamco Inc. NY acquired a new stake in shares of Apple during the 2nd quarter valued at about $118,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of AAPL stock traded up $1.46 during trading on Friday, reaching $343.46. The company had a trading volume of 59,879,121 shares, compared to its average volume of 38,324,512. The firm’s 50 day simple moving average is $325.83 and its two-hundred day simple moving average is $306.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a one year low of $243.42 and a one year high of $348.15. The company has a market capitalization of $5.01 trillion, a PE ratio of 39.39, a PEG ratio of 2.71 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 firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 EPS. Sell-side analysts forecast that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared 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 of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Insider Activity

In related news, insider Timothy D. Cook sold 191,753 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares of the company’s stock, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the transaction, the senior vice president owned 41,992 shares in the company, valued at $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 281,782 shares of company stock worth $93,740,172. 0.06% of the stock is owned by company insiders.

Key Stories Impacting Apple

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.

Analyst Ratings Changes

Several brokerages recently commented on AAPL. BTIG Research started coverage on Apple in a research note on Monday, August 17th. They issued a “neutral” rating for the company. Loop Capital set a $380.00 price objective on Apple in a report on Friday, September 18th. Seaport Research Partners cut shares of Apple from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. Morgan Stanley set a $355.00 target price on shares of Apple and gave the company an “overweight” rating in a research note on Thursday, October 1st. Finally, DA Davidson reissued a “neutral” rating and issued a $270.00 target price on shares of Apple in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $340.39.

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.