Apple Inc. $AAPL Shares Bought by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 4.3% during the third quarter, HoldingsChannel.com reports. The firm owned 104,788 shares of the iPhone maker’s stock after purchasing an additional 4,282 shares during the period. Apple makes up 6.8% of Peddock Capital Advisors LLC’s portfolio, making the stock its 2nd biggest position. Peddock Capital Advisors LLC’s holdings in Apple were worth $34,634,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AAPL. Sterling Wealth Management Inc. lifted its stake in shares of Apple by 0.3% during the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after acquiring an additional 30 shares during the last quarter. Thor Investment Management Inc. OH ADV boosted its holdings in Apple by 1.6% during the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock valued at $637,000 after acquiring an additional 30 shares during the period. Evansbrook LLC grew its position in Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after acquiring an additional 34 shares during the last quarter. JMG Financial Group Ltd. grew its position in Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock valued at $1,295,000 after acquiring an additional 35 shares during the last quarter. Finally, Wealth Forward LLC grew its position in Apple by 0.3% in the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock valued at $4,438,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 1.2%

Shares of NASDAQ AAPL opened at $344.63 on Friday. 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 firm has a market capitalization of $5.03 trillion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.76 and a beta of 1.07. The stock has a 50 day moving average price of $333.04 and a 200 day moving average price of $296.38. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. Apple’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Sell-side analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.

Insider Buying and Selling at Apple

In other Apple news, insider Ben Borders sold 1,280 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.40, for a total value of $442,112.00. Following the completion of the sale, the insider directly owned 38,288 shares in the company, valued at approximately $13,224,675.20. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,392 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the sale, the chief financial officer owned 17,539 shares of the company’s stock, valued at $6,051,831.95. This represents a 7.35% decrease in their ownership of the stock. 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. Insiders sold a total of 289,252 shares of company stock worth $96,301,063 over the last quarter. Insiders own 0.06% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $303.00 target price on shares of Apple in a research note on Thursday, September 10th. Evercore reissued an “outperform” rating on shares of Apple in a research note on Tuesday. Maxim Group upped their price target on shares of Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Piper Sandler initiated coverage on shares of Apple in a report on Monday, August 17th. They issued an “overweight” rating on the stock. Finally, HSBC reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $340.49.

Apple 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.