Orgel Wealth Management LLC Sells 2,158 Shares of Apple Inc. $AAPL

Orgel Wealth Management LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 20.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,182 shares of the iPhone maker’s stock after selling 2,158 shares during the quarter. Orgel Wealth Management LLC’s holdings in Apple were worth $2,725,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Wealth Management Inc. grew its position in shares of Apple by 0.3% during the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after acquiring an additional 30 shares during the last quarter. Thor Investment Management Inc. OH ADV increased its holdings in shares of Apple by 1.6% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock worth $637,000 after acquiring an additional 30 shares during the period. Evansbrook LLC increased its holdings in shares of Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after acquiring an additional 34 shares during the period. JMG Financial Group Ltd. lifted its position in Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock valued at $1,295,000 after purchasing an additional 35 shares during the last quarter. Finally, Wealth Forward LLC lifted its position in Apple by 0.3% in the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock valued at $4,438,000 after purchasing an additional 35 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Demand for Apple’s first foldable iPhone Duo appears exceptionally strong, with delivery estimates extending into January. Apple has reportedly asked suppliers to increase production by 30%, suggesting robust consumer interest and potential for a sizable upgrade cycle. Apple’s iPhone Duo Buyers Face a Wait That Could Stretch Into January
• Positive Sentiment: Apple introduced a redesigned iPad mini beginning at $699, featuring an OLED display, A20 Pro chip, improved AI performance, water resistance and Wi-Fi 7. The launch broadens Apple’s higher-end hardware lineup ahead of the holiday season. Apple Unveils $699 OLED iPad Mini
• Positive Sentiment: Apple expanded Siri’s AI language support, including Japanese, indicating continued progress in its artificial-intelligence rollout and global product integration. Apple Expands Siri AI Languages
• Neutral Sentiment: Investors are focused on Apple’s fiscal fourth-quarter results expected November 2. Analysts anticipate continued iPhone, Mac and Services growth, but the stock’s premium valuation leaves limited room for an earnings or outlook disappointment. Why Buying Apple Stock Before Q4 Earnings Could Be Risky
• Negative Sentiment: Users have reported cracks and bright lines near the hinge on some $1,999 iPhone Duo units. Apple acknowledged the issue and said affected devices would be replaced under AppleCare, but the defect creates reputational, warranty-cost and execution risks for an important new product. Apple Responds to Reports of Broken iPhone Duo Screens
• Negative Sentiment: The new iPad mini’s higher starting price may limit demand, while broader concerns about leadership succession, AI execution and rising component costs are adding to investor caution ahead of earnings. Apple Earnings Expected to Grow

Apple Price Performance

Shares of NASDAQ AAPL opened at $343.91 on Tuesday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $351.73. The firm’s 50-day simple moving average is $329.47 and its 200 day simple moving average is $294.25. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.02 trillion, a P/E ratio of 39.44, a P/E/G ratio of 2.75 and a beta of 1.07.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. Equities analysts expect that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s payout ratio is 12.39%.

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. Oppenheimer restated a “market perform” rating on shares of Apple in a research report on Thursday, September 10th. Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a research note on Friday, September 25th. Phillip Securities lifted 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. DZ Bank downgraded Apple from a “buy” rating to a “hold” rating and set a $310.00 price objective for the company. in a research report on Tuesday, August 4th. Finally, Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the stock a “buy” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $340.12.

Insider Activity at Apple

In other news, SVP Deirdre O’brien sold 46,389 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 firm’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $339.62, for a total transaction of $814,748.38. Following the transaction, the senior vice president owned 34,795 shares in the company, valued at $11,817,077.90. This represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 286,853 shares of company stock worth $95,477,342 in the last three months. Insiders own 0.06% of the company’s stock.

Apple Profile

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.