Douglas Lane & Associates LLC boosted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 76.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 291,349 shares of the iPhone maker's stock after purchasing an additional 126,075 shares during the quarter. Apple comprises 1.1% of Douglas Lane & Associates LLC's holdings, making the stock its 26th biggest position. Douglas Lane & Associates LLC's holdings in Apple were worth $89,263,000 at the end of the most recent quarter.

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Several other hedge funds have also recently bought and sold shares of the company. Avenir Tech Ltd acquired a new stake in shares of Apple in the second quarter valued at approximately $29,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Apple during the second quarter worth approximately $30,000. Lifetime Wealth Management P.C. acquired a new position in shares of Apple during the fourth quarter worth approximately $41,000. ABS Investment Management LLC acquired a new position in shares of Apple during the second quarter worth approximately $376,168,000. Finally, Bamco Inc. NY acquired a new stake in Apple in the 2nd quarter valued at approximately $118,000. 67.73% of the stock is currently owned by institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $1,999 iPhone Duo reportedly sold out within minutes of preorders opening, with delivery estimates pushed into 2027. The response suggests strong pricing power and could establish a significant new premium product category. Apple blames extraordinary demand as foldable iPhones sell out
• Positive Sentiment: Evercore ISI said the iPhone Duo’s extended lead times support its Buy rating and $380 price target. Investors view the launch as a potential catalyst for higher average selling prices and iPhone revenue. Apple early iPhone demand supports Buy rating
• Positive Sentiment: Apple and Meta are collaborating to run Meta’s 816-billion-parameter Muse Spark Open AI model locally on high-end Macs. The partnership may strengthen Mac demand for AI workloads and improve Apple’s AI positioning without requiring a competing mega-scale model. Apple and Meta team up on AI
• Neutral Sentiment: UBS cautioned that iPhone demand could weaken, highlighting the risk that strong initial foldable-phone interest may not translate into sustained volume. Apple’s roughly $5 trillion valuation also leaves the stock dependent on continued execution.
• Negative Sentiment: UK regulators are preparing a legal fight that could require Apple to give competing payment providers access to technology behind Apple Pay’s tap-to-pay functionality. A forced opening could weaken the payments ecosystem and create compliance costs. Apple set for UK legal fight over tap-to-pay rules
• Negative Sentiment: Apple faces ongoing concerns about lagging rivals in AI infrastructure and advanced assistants. Reports that some iPhone 18 Pro component orders were reduced add to questions about future handset demand.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares worth approximately $828,000. The transaction is small relative to Apple’s size but represents another insider sale and may have modest signaling value.

Wall Street Analyst Weigh In

• GlobalFoundries' $21 Billion Deal Could Change the Economics of Chipmaking

AAPL has been the topic of several recent analyst reports. Arete Research lifted their target price on Apple from $305.00 to $335.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Moffett Nathanson reiterated a "neutral" rating and set a $304.00 price target (up from $270.00) on shares of Apple in a research report on Tuesday, September 8th. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Phillip Securities raised their price target on Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a report on Monday, September 14th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $303.00 price objective on shares of Apple in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.39.

Get Our Latest Report on AAPL

Insider Transactions at Apple

• Securitize's Blockchain Ambitions Face a Reality Check

In other news, insider Timothy D. Cook sold 191,753 shares of the business's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the sale, the insider owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 the company's stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the sale, the senior vice president owned 41,992 shares of the company's stock, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 281,782 shares of company stock valued at $93,740,172 in the last quarter. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

Apple stock opened at $343.46 on Monday. The firm has a 50 day simple moving average of $325.83 and a 200-day simple moving average of $306.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The stock has a market capitalization of $5.01 trillion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $348.15.

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, beating 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 business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the business earned $1.57 earnings per share. The business's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a dividend of $0.27 per share. 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 presently 12.39%.

Apple Profile

(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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