Apple Inc. $AAPL Shares Bought by Mystic Asset Management Inc.

Mystic Asset Management Inc. grew its holdings in Apple Inc. (NASDAQ:AAPL) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,630 shares of the iPhone maker’s stock after acquiring an additional 6,948 shares during the period. Apple comprises 7.8% of Mystic Asset Management Inc.’s holdings, making the stock its biggest position. Mystic Asset Management Inc.’s holdings in Apple were worth $34,922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAPL. Prospect Hill Management LLC purchased a new position in Apple during the second quarter valued at approximately $146,370,000. Focus Partners Advisor Solutions LLC purchased a new stake in Apple in the 2nd quarter worth approximately $168,646,000. Wealthfront Advisers LLC acquired a new stake in shares of Apple during the 2nd quarter worth approximately $482,388,000. Satovsky Asset Management LLC acquired a new stake in shares of Apple during the 2nd quarter worth approximately $16,064,000. Finally, Gouws Capital LLC grew its stake in shares of Apple by 136.9% during the 3rd quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock worth $12,490,000 after purchasing an additional 21,676 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple News Summary

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

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $339.62, for a total value 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 trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevan Parekh sold 1,392 shares of Apple stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the sale, the chief financial officer directly owned 17,539 shares in the company, valued at $6,051,831.95. This represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 286,853 shares of company stock worth $95,477,342 in the last quarter. 0.06% of the stock is owned by insiders.

Apple Price Performance

Apple stock opened at $347.10 on Wednesday. The stock has a market capitalization of $5.07 trillion, a PE ratio of 39.81 and a beta of 1.07. The business has a 50 day simple moving average of $331.06 and a 200-day simple moving average of $295.09. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s payout ratio is presently 12.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a report on Wednesday, September 9th. China Renaissance downgraded shares of Apple from a “buy” rating to a “hold” rating and lowered their price target for the stock from $329.00 to $280.00 in a report on Tuesday, August 4th. HSBC restated a “buy” rating on shares of Apple in a research report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Apple in a report on Wednesday, October 21st. Finally, DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Apple in a research report on Wednesday, September 2nd. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $340.12.

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.