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Birch Hill Investment Advisors LLC reduced its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,997 shares of the iPhone maker's stock after selling 3,071 shares during the quarter. Apple accounts for approximately 5.3% of Birch Hill Investment Advisors LLC's holdings, making the stock its 3rd biggest holding. Birch Hill Investment Advisors LLC's holdings in Apple were worth $121,218,000 at the end of the most recent quarter.

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Other institutional investors also recently bought and sold shares of the company. Berkshire Hathaway Inc purchased a new stake in shares of Apple in the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE acquired a new stake in Apple during the 2nd quarter worth $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple during the second quarter worth about $30,443,242,000. Deutsche Bank AG purchased a new stake in shares of Apple during the 2nd quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Apple in the 2nd quarter valued at about $10,588,946,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. CICC Research raised their price objective on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, August 4th. Citic Securities raised their price objective on shares of Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Needham & Company LLC restated a "hold" rating on shares of Apple in a research report on Thursday, October 1st. China Renaissance downgraded shares of Apple from a "buy" rating to a "hold" rating and dropped their target price for the stock from $329.00 to $280.00 in a report on Tuesday, August 4th. Finally, Seaport Research Partners downgraded shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, fifteen have issued 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.

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Read Our Latest Stock Report on AAPL

Insider Activity

In other Apple news, insider Ben Borders sold 1,280 shares of the firm's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the sale, the insider owned 38,288 shares of the company's stock, valued at $13,224,675.20. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Jennifer Newstead sold 2,399 shares of the stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $343.36, for a total value of $823,720.64. Following the completion of the transaction, the senior vice president owned 32,396 shares in the company, valued at approximately $11,123,490.56. The trade was a 6.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 289,252 shares of company stock worth $96,301,063. 0.06% of the stock is currently owned by corporate insiders.

Trending Headlines about Apple

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Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

Apple Stock Performance

NASDAQ:AAPL opened at $344.63 on Monday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $351.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The business has a 50 day moving average price of $333.04 and a 200-day moving average price of $296.38. The firm has a market cap of $5.03 trillion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 earnings per share. Equities research analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

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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