Apple Inc. $AAPL Stock Purchased by Washburn Capital Management Inc.

Washburn Capital Management Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 17.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,800 shares of the iPhone maker’s stock after acquiring an additional 2,055 shares during the quarter. Apple comprises 2.2% of Washburn Capital Management Inc.’s investment portfolio, making the stock its 7th largest position. Washburn Capital Management Inc.’s holdings in Apple were worth $4,596,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. State Street Corp grew its stake in Apple by 4.7% in the 2nd quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock worth $182,897,769,000 after buying an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc bought a new position in shares of Apple in the 2nd quarter worth $65,950,297,000. Bank of America Corp DE purchased a new stake in shares of Apple during the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc purchased a new stake in shares of Apple during the 2nd quarter valued at $30,443,242,000. Finally, Amundi raised its position in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after buying an additional 13,780,080 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 1.8%

NASDAQ:AAPL opened at $338.32 on Tuesday. The firm has a market capitalization of $4.94 trillion, a P/E ratio of 38.80, a P/E/G ratio of 2.72 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average of $333.62 and a 200 day moving average of $296.77. 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 results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. During the same quarter last year, the firm earned $1.85 EPS. The company’s revenue was up 11.7% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Insider Activity at Apple

In related news, insider Ben Borders sold 1,280 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the transaction, the insider owned 38,288 shares in the company, valued at $13,224,675.20. The trade was a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O’brien sold 46,389 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares of the company’s stock, valued at $45,615,190.20. The trade was a 25.32% decrease in their position. 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. Insiders sold a total of 289,252 shares of company stock valued at $96,301,063 in the last quarter. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $370.00 to $330.00 in a report on Tuesday, October 20th. Maxim Group increased their target price on Apple from $350.00 to $380.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird raised their price target on Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. China Renaissance lowered Apple from a “buy” rating to a “hold” rating and dropped their price target for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apple in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $340.49.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal fourth-quarter revenue of $114.48 billion, up 12% year over year and above the approximately $113.4 billion consensus estimate. Diluted EPS of $2.10 also exceeded expectations near $1.99. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Growth was led by early demand for the iPhone 18 Pro lineup, with iPhone revenue reaching $57.6 billion, up 17%, while Mac sales and Services also set records. Apple’s active installed base reached an all-time high, supporting its ecosystem and recurring-revenue outlook. Apple Q4 earnings call: Ternus breaks down excellent quarter
• Positive Sentiment: Relatively light quarterly capital spending of $2.24 billion, below the expected $3.33 billion, reinforces Apple’s cash-generation and capital-discipline story as other technology companies spend heavily on AI infrastructure. Big quarterly beats after the close
• Neutral Sentiment: The report was the first under CEO John Ternus. His defense of Apple’s measured AI strategy may appeal to investors seeking profitable, product-focused AI development, but it leaves the company with less visible AI investment than major rivals.
• Negative Sentiment: China revenue fell short of projections, while iPad and Wearables, Home and Accessories sales missed estimates. These weaknesses offset the iPhone and Mac strength and raised concerns about regional and product-line momentum. New CEO John Ternus delivers an Apple earnings beat
• Negative Sentiment: Memory-chip inflation and component shortages threaten future gross margins. Apple’s inventory rose from $11.09 billion to $14.54 billion during the quarter, suggesting the company is stockpiling components but also tying up more cash. Apple inventory surges as memory chip costs climb
• Negative Sentiment: EPS benefited from a roughly $0.05-per-share tariff refund, and gross margin received an approximately one-percentage-point boost. Investors may therefore view part of the earnings beat as one-time rather than purely operational. Apple reports fourth quarter results

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.