NorthCrest Asset Manangement LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 15.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 542,787 shares of the iPhone maker’s stock after purchasing an additional 72,305 shares during the period. Apple accounts for about 4.2% of NorthCrest Asset Manangement LLC’s portfolio, making the stock its 4th largest position. NorthCrest Asset Manangement LLC’s holdings in Apple were worth $182,216,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Haven Capital Group Inc. lifted its stake in shares of Apple by 0.4% during the third quarter. Haven Capital Group Inc. now owns 41,123 shares of the iPhone maker’s stock valued at $13,695,000 after acquiring an additional 147 shares during the period. JGP Wealth Management LLC boosted its holdings in Apple by 0.3% in the third quarter. JGP Wealth Management LLC now owns 233,607 shares of the iPhone maker’s stock valued at $77,796,000 after acquiring an additional 789 shares during the last quarter. Sacks & Associates LLC acquired a new stake in Apple in the third quarter worth about $448,000. HF Advisory Group LLC increased its position in Apple by 7.3% in the third quarter. HF Advisory Group LLC now owns 11,290 shares of the iPhone maker’s stock worth $3,660,000 after purchasing an additional 765 shares during the period. Finally, Adirondack Capital Advisors LLC increased its position in Apple by 2.3% in the third quarter. Adirondack Capital Advisors LLC now owns 9,590 shares of the iPhone maker’s stock worth $3,194,000 after purchasing an additional 213 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Timothy D. Cook sold 191,753 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 3,264,168 shares in the company, valued at $1,086,837,377.28. This trade represents a 5.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 Apple 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 transaction, the senior vice president directly owned 41,992 shares in the company, valued at $14,116,870.56. The trade was a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 284,454 shares of company stock valued at $94,662,594 over the last 90 days. 0.06% of the stock is owned by corporate insiders.
Apple Stock Up 1.3%
NASDAQ:AAPL opened at $343.99 on Thursday. 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 stock’s fifty day simple moving average is $328.05 and its 200-day simple moving average is $308.42. The firm has a market capitalization of $5.02 trillion, a P/E ratio of 39.45, a P/E/G ratio of 2.69 and a beta of 1.07.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.
Apple Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued 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 yield of 0.3%. Apple’s dividend payout ratio (DPR) is 12.39%.
Wall Street Analyst Weigh In
Several analysts have weighed in on AAPL shares. Citigroup reissued a “buy” rating on shares of Apple in a report on Thursday, September 10th. Arete Research raised their target price on shares of Apple from $305.00 to $335.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Thursday, October 1st. Morgan Stanley reiterated an “overweight” rating on shares of Apple in a research report on Wednesday. Finally, KeyCorp reiterated an “underweight” rating on shares of Apple in a research report on Thursday, October 15th. One research 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 stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $340.12.
Get Our Latest Research Report on AAPL
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Strong iPhone Duo demand: Apple said only limited quantities of its $1,999 foldable iPhone Duo will be available for walk-in customers when it launches October 23. Online orders reportedly sold out within minutes, with some delivery estimates extending into January 2027. The demand signals support premium pricing and could make the new product a meaningful revenue catalyst. Apple will have limited iPhone Duo units available in stores
- Positive Sentiment: Upcoming product catalyst: Apple’s October 28 event is expected to feature new Pro Macs, potentially including a touchscreen MacBook Pro and M6-powered systems. A successful launch could strengthen expectations for renewed Mac growth and broaden Apple’s hardware lineup. Apple product event scheduled for October 28
- Positive Sentiment: Expansion and ecosystem support: Apple’s India business reportedly delivered 31% revenue growth and 66% profit growth in fiscal 2026. Separately, Apple Wallet car-key support is expanding to selected General Motors vehicles, extending the reach of Apple’s services ecosystem.
- Neutral Sentiment: Supply-chain investment: Apple plans to commit up to $100 million to a U.S. titanium supplier over three years. The move may improve domestic sourcing and support iPhone Duo production, but it also highlights manufacturing constraints and does not immediately change earnings expectations. Apple commits to U.S. titanium manufacturing
- Neutral Sentiment: Insider selling: Two Apple insiders sold shares, with at least one transaction identified as covering tax withholding on vested equity awards. The sales are relatively small and do not clearly indicate weakening confidence.
- Negative Sentiment: Downgrade and valuation concerns: Loop Capital cut AAPL to Hold and lowered its price target to $330, citing weaker iPhone shipment expectations. UBS also warned that rising memory and component costs could pressure gross margins ahead of the November 2 earnings report. With Apple trading at roughly 39 times earnings and near its annual high, investors may demand stronger growth to justify the premium valuation. Loop Capital downgrades Apple on iPhone concerns
- Negative Sentiment: Regulatory risk: UK competition regulators are proposing easier access for rival contactless payment services on the iPhone, which could increase competition for Apple Pay and modestly weaken the services ecosystem.
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.
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