Apple Inc. $AAPL Stock: Wealth Enhancement Trust Services Inc. Increases Stake

Posted by Stanley Muller on Oct 16th, 2026

Wealth Enhancement Trust Services Inc. grew its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,125 shares of the iPhone maker’s stock after acquiring an additional 6,491 shares during the quarter. Apple accounts for approximately 4.0% of Wealth Enhancement Trust Services Inc.’s portfolio, making the stock its 2nd largest holding. Wealth Enhancement Trust Services Inc.’s holdings in Apple were worth $37,673,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Avenir Tech Ltd purchased a new position in shares of Apple in the 2nd quarter worth approximately $29,000. Longfellow Investment Management Co. LLC bought a new position in shares of Apple in the second quarter valued at approximately $30,000. Lifetime Wealth Management P.C. bought a new position in shares of Apple in the fourth quarter valued at approximately $41,000. ABS Investment Management LLC bought a new position in shares of Apple in the second quarter valued at approximately $376,168,000. Finally, Basso Capital Management L.P. purchased a new stake in shares of Apple during the fourth quarter valued at approximately $88,000. 67.73% of the stock is owned by institutional investors.

Insider Transactions at Apple

In other Apple news, CEO John Ternus sold 25,412 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 business’s stock in a transaction 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 completion of the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 281,782 shares of company stock valued at $93,740,172. Corporate insiders own 0.06% of the company’s stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

Positive Sentiment: Apple and Meta Platforms are collaborating to let developers run Meta’s large Muse AI model locally on high-end Mac computers. The partnership could strengthen the Mac’s appeal for AI workloads while reducing reliance on cloud computing. Apple and Meta team up to make Muse AI model run on Mac computers
Positive Sentiment: Apple’s first foldable iPhone, the 7.6-inch iPhone Duo, begins preorders Friday. A successful launch could open a new premium product category and support revenue growth, although its high price makes demand uncertain. iPhone Duo preorders begin Friday
Positive Sentiment: Apple recently closed above a $5 trillion market capitalization, reinforcing investor confidence and highlighting the stock’s recent momentum. Reports also indicate Apple Intelligence may finally launch in mainland China in December, expanding the potential user base. Apple tops $5 trillion valuation
Neutral Sentiment: The China AI rollout is reportedly limited and may exclude the upgraded Siri and Genmoji features, making the launch strategically important but less compelling than a full-featured release. Apple Intelligence in China
Negative Sentiment: Analysts and commentators remain concerned that Apple is spending less on AI than rivals and could fall behind in advanced assistants, while the stock’s elevated valuation leaves less room for execution disappointments. Reported iPhone 18 Pro component-order reductions add to demand concerns. Apple reportedly cuts iPhone 18 orders
Negative Sentiment: Apple is challenging a $5.7 billion damages ruling in a patent case, while OpenAI alleges that a former employee who joined Apple took confidential information about an unreleased device. Both matters create potential financial and reputational risk. Apple challenges Taction damages ruling
Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 Apple shares for approximately $828,000. The transaction is relatively small compared with Apple’s market value, but insider selling can add modest short-term pressure.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AAPL. Rosenblatt Securities restated a “neutral” rating and issued a $303.00 price objective on shares of Apple in a research note on Thursday, September 10th. China Renaissance lowered Apple from a “buy” rating to a “hold” rating and decreased their target price for the company from $329.00 to $280.00 in a research report on Tuesday, August 4th. UBS Group reiterated a “neutral” rating on shares of Apple in a research note on Tuesday, October 6th. Evercore set a $380.00 target price on Apple and gave the stock an “outperform” rating in a research note on Friday, September 18th. Finally, Rothschild & Co Redburn set a $400.00 price target on shares of Apple and gave the stock a “buy” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $340.39.

View Our Latest Analysis on AAPL

Apple Trading Down 0.3%

Shares of AAPL stock opened at $342.00 on Friday. The company has a 50 day moving average of $325.23 and a 200-day moving average of $305.90. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $348.15. The firm has a market cap of $4.99 trillion, a P/E ratio of 39.22, a PEG ratio of 2.73 and a beta of 1.07.

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

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis 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%.

Apple Company Profile

(Free Report)

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.