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Charles Schwab Trust Co increased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,435 shares of the iPhone maker's stock after buying an additional 2,177 shares during the quarter. Apple accounts for approximately 1.1% of Charles Schwab Trust Co's holdings, making the stock its 25th biggest holding. Charles Schwab Trust Co's holdings in Apple were worth $18,794,000 at the end of the most recent reporting period.

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Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avenir Tech Ltd purchased a new position in shares of Apple during the second quarter valued at approximately $29,000. Ironwood Wealth Management Inc. bought a new stake in shares of Apple in the 3rd quarter worth approximately $34,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Apple in the 2nd quarter worth approximately $30,000. ABS Investment Management LLC purchased a new stake in shares of Apple in the 2nd quarter worth approximately $376,168,000. Finally, Bamco Inc. NY bought a new position in Apple during the 2nd quarter valued at approximately $118,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. DZ Bank downgraded Apple from a "buy" rating to a "hold" rating and set a $310.00 target price on the stock. in a report on Tuesday, August 4th. China Renaissance lowered shares of Apple from a "buy" rating to a "hold" rating and reduced their price objective for the company from $329.00 to $280.00 in a research note on Tuesday, August 4th. Bank of America reaffirmed a "buy" rating and issued a $370.00 target price on shares of Apple in a report on Wednesday, September 23rd. HSBC reiterated a "buy" rating on shares of Apple in a research note on Tuesday. Finally, UBS Group reiterated a "neutral" rating on shares of Apple in a research note on Tuesday, October 6th. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $340.12.

• Apple's Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions

Check Out Our Latest Analysis on Apple

Apple Price Performance

Shares of NASDAQ:AAPL opened at $347.10 on Wednesday. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $351.73. The firm's 50 day simple moving average is $331.06 and its two-hundred day simple moving average is $295.09. The company has a market capitalization of $5.07 trillion, a P/E ratio of 39.81 and a beta of 1.07.

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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 the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.57 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is 12.39%.

Key Apple News

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

Insiders Place Their Bets

In other news, insider Timothy Cook sold 191,753 shares of Apple stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares of the company's stock, valued at $19,832,236.98. This represents a 29.90% decrease in their position. 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. Insiders have sold 286,853 shares of company stock worth $95,477,342 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

About Apple

(Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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