14,816 Apple Inc. $AAPL Shares Bought by N10 Wealth LLC

N10 Wealth LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 534.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,590 shares of the iPhone maker’s stock after buying an additional 14,816 shares during the quarter. Apple comprises approximately 1.6% of N10 Wealth LLC’s holdings, making the stock its 20th biggest position. N10 Wealth LLC’s holdings in Apple were worth $5,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AAPL. State Street Corp grew its position in shares of Apple by 4.7% in the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock valued at $182,897,769,000 after acquiring an additional 28,321,085 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of Apple during the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple during the 2nd quarter worth about $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple during the 2nd quarter worth about $30,443,242,000. Finally, Amundi raised its holdings in shares of Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the period. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AAPL. Morgan Stanley reiterated an “overweight” rating on shares of Apple in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Apple from $340.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Raymond James Financial reissued a “market perform” rating on shares of Apple in a research report on Friday, July 31st. Royal Bank Of Canada set a $365.00 price objective on Apple in a research note on Wednesday, July 15th. Finally, KeyCorp restated an “underweight” rating on shares of Apple in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $340.12.

Apple Trading Down 0.1%

Shares of Apple stock opened at $347.73 on Friday. The firm has a 50-day moving average of $329.75 and a 200-day moving average of $309.34. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The stock has a market cap of $5.07 trillion, a PE ratio of 39.88, a PEG ratio of 2.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 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 net margin of 27.62% and a return on equity of 135.46%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

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

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand is the primary catalyst. The foldable phone launched globally Friday amid long lines, limited store inventory and reports that preorders are backordered into 2027. Supply-chain reports indicate Apple raised its first-year shipment target by 44%, to roughly 14 million units. The premium product could expand Apple’s addressable market and support revenue growth. Apple fans react as iPhone Duo hits stores
• Positive Sentiment: The launch strengthens Apple’s broader hardware and services roadmap. Analysts are evaluating whether the Duo can drive accessory, software and services revenue, while potential touchscreen Macs, smart-home products and an Apple-Schneider Electric energy-management partnership provide additional growth opportunities. Will Apple take over the smart home
• Positive Sentiment: Apple briefly reclaimed the title of world’s most valuable public company. AAPL approached or surpassed Nvidia’s approximately $5 trillion valuation as Nvidia shares weakened during a broader AI-stock selloff. Investors are treating Apple’s substantial cash generation and lower AI infrastructure spending as a relative safe haven. Apple tops Nvidia in market value
• Neutral Sentiment: The next major test is earnings. Apple’s fiscal fourth-quarter results are expected November 2, with investors looking for evidence that iPhone Duo demand, holiday sales and margins justify a stock trading near 40 times earnings. Analysts remain broadly constructive, but the average price target is close to recent trading levels.
• Negative Sentiment: Execution and valuation risks remain significant. Some early users have reported cracked foldable screens, while reviews cite first-generation glitches, a $2,000 price and limitations involving the camera and apps. These issues could affect returns, customer satisfaction and adoption.
• Negative Sentiment: Insider selling adds a modest cautionary signal. Senior Vice President Jennifer Newstead sold approximately $815,000 of AAPL shares, following several similar sales. The transaction is small relative to Apple’s size but may reinforce concerns that the stock has become expensive.

Insider Activity

In other news, CEO John Ternus sold 25,412 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. The trade was a 29.90% 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, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 286,853 shares of company stock valued at $95,477,342 over the last quarter. 0.06% of the stock is owned by corporate 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.