301,888 Apple Inc. $AAPL Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,598,495 shares of the iPhone maker’s stock after selling 301,888 shares during the period. Apple accounts for 3.5% of Ninety One UK Ltd’s investment portfolio, making the stock its 5th largest holding. Ninety One UK Ltd’s holdings in Apple were worth $1,528,792,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Prospect Hill Management LLC bought a new stake in Apple in the second quarter valued at approximately $146,370,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Apple in the second quarter valued at approximately $168,646,000. Wealthfront Advisers LLC acquired a new stake in shares of Apple in the second quarter valued at approximately $482,388,000. Satovsky Asset Management LLC bought a new position in shares of Apple during the 2nd quarter worth approximately $16,064,000. Finally, Gouws Capital LLC boosted its stake in shares of Apple by 136.9% during the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock worth $12,490,000 after acquiring an additional 21,676 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 46,389 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the sale, the senior vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider owned 3,264,168 shares of the company’s stock, valued at $1,086,837,377.28. This trade represents a 5.55% 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 have sold a total of 286,853 shares of company stock worth $95,477,342 in the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 0.9%

Apple stock opened at $347.10 on Wednesday. The stock has a market cap of $5.07 trillion, a P/E ratio of 39.81 and a beta of 1.07. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $351.73. The company’s 50-day moving average price is $331.06 and its two-hundred day moving average price is $295.09.

Apple (NASDAQ:AAPL) last issued 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 analyst estimates of $109.04 billion. During the same quarter last year, the business earned $1.57 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal 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 paid a dividend of $0.27 per share. The ex-dividend date 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 12.39%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “neutral” rating and set a $303.00 target price on shares of Apple in a report on Thursday, September 10th. CICC Research increased their price target on Apple from $310.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Daiwa Securities Group raised their price target on Apple from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a research report on Friday, July 31st. Finally, Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $340.12.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Demand for Apple’s first foldable iPhone Duo has substantially exceeded supply. The $1,999 device reportedly sold out within minutes, delivery estimates extend into January, and Apple is said to be seeking as much as 30% more production capacity. This supports hopes for a new high-margin growth category and a broader iPhone upgrade cycle. Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
• Positive Sentiment: Initial global sales of the iPhone 18 Pro were 3.1% above the prior-generation Pro models, including a 29% increase in China. Strong premium-phone demand could help Apple’s revenue and services ecosystem. Initial global sales of Apple iPhone 18 Pro higher than 17 series
• Positive Sentiment: Apple launched an M6-powered 24-inch iMac and 14-inch MacBook Pro, promoting faster performance and on-device AI capabilities. The refresh could lift Mac sales and support Apple’s longer-term AI hardware strategy. Apple introduces the new 14-inch MacBook Pro with M6
• Neutral Sentiment: Apple also released iOS 27.2 with expanded Siri AI language support, security improvements and new features for the iPhone Duo. These updates may strengthen the ecosystem, but their near-term financial impact is uncertain. Apple rolls out iOS 27.2 with new Siri AI languages and security fixes
• Negative Sentiment: Some iPhone Duo owners report cracks and bright lines near the hinge. Apple acknowledged the display issue and is offering replacements, while teardown reports point to a possible hinge-related design problem. Potential warranty costs and reputational damage threaten the new product’s momentum. Some iPhone Duo owners say Apple’s foldable cracked within hours
• Negative Sentiment: Loop Capital downgraded Apple to Hold and cut its price target to $330, citing possible iPhone shipment reductions and rising memory costs. At nearly 40 times earnings, investors may require strong December-quarter guidance to justify the valuation. Loop Capital Lowers Apple Stock Price Target on iPhone Shipment Concerns

About Apple

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.