WEALTH GROUP, LTD. increased its holdings of Apple ($AAPL) by 197.01% in the third quarter, according to a new SEC 13F filing.
The filing showed a position of 218,429 shares in $AAPL, which is 144,887 more than the previous quarter. This position was worth approximately $50,893,957, per our estimates.
Apple Insider Trading Activity
Apple insiders have traded $AAPL stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $AAPL stock by insiders over the last 6 months:
- LUCA MAESTRI (Senior Vice President, CFO) sold 59,305 shares.
- KATHERINE L. ADAMS (SVP, GC and Secretary) has traded it 7 times. They made 0 purchases and 7 sales, selling 161,019 shares.
- DEIRDRE O'BRIEN (Senior Vice President) has traded it 2 times. They made 0 purchases and 2 sales, selling 61,019 shares.
- TIMOTHY D COOK (Chief Executive Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 223,986 shares.
- JEFFREY E WILLIAMS (COO) has traded it 2 times. They made 0 purchases and 2 sales, selling 59,730 shares.
- CHRIS KONDO (Principal Accounting Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 18,883 shares.
- ARTHUR D LEVINSON sold 75,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Apple Hedge Fund Activity
We have seen 2,251 institutional investors add shares of Apple stock to their portfolio, and 2,487 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BERKSHIRE HATHAWAY INC removed 389,368,450 shares (-49.3%) from their portfolio in Q2 2024
- INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added 93,886,664 shares (+20372.7%) to their portfolio in Q3 2024
- STATE STREET CORP removed 60,515,600 shares (-10.3%) from their portfolio in Q2 2024
- FMR LLC added 56,655,939 shares (+19.6%) to their portfolio in Q2 2024
- WELLINGTON MANAGEMENT GROUP LLP added 44,108,358 shares (+73.7%) to their portfolio in Q2 2024
- BANK OF AMERICA CORP /DE/ added 41,061,600 shares (+50.3%) to their portfolio in Q2 2024
- CAPITAL RESEARCH GLOBAL INVESTORS added 37,318,050 shares (+117.4%) to their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Apple Congressional Stock Trading
Members of Congress have traded $AAPL stock 23 times in the past 6 months. Of those trades, 10 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $AAPL stock by members of Congress over the last 6 months:
- REPRESENTATIVE THOMAS R. SUOZZI sold up to $50,000 on 10/07.
- SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 09/20.
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 4 times. They made 3 purchases worth up to $45,000 on 09/12, 08/01, 06/28 and 1 sale worth up to $15,000 on 06/21.
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 2 times. They made 2 purchases worth up to $30,000 on 09/03, 05/21 and 0 sales.
- SENATOR TOMMY TUBERVILLE sold up to $50,000 on 08/26.
- REPRESENTATIVE MORGAN MCGARVEY has traded it 2 times. They made 1 purchase worth up to $15,000 on 08/13 and 1 sale worth up to $15,000 on 08/19.
- REPRESENTATIVE C. SCOTT FRANKLIN has traded it 2 times. They made 0 purchases and 2 sales worth up to $65,000 on 08/06, 08/01.
- REPRESENTATIVE LAUREL M. LEE has traded it 2 times. They made 1 purchase worth up to $50,000 on 07/05 and 1 sale worth up to $50,000 on 07/05.
- REPRESENTATIVE KATHY E. MANNING has traded it 3 times. They made 3 purchases worth up to $45,000 on 07/02 and 0 sales.
- REPRESENTATIVE DEBBIE DINGELL has traded it 3 times. They made 0 purchases and 3 sales worth up to $115,000 on 06/13, 06/12.
- REPRESENTATIVE GREG LANDSMAN sold up to $15,000 on 05/29.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
Should I Buy $AAPL Stock?
The bull case for Apple Inc. ($AAPL) highlights a positive outlook driven by a growing user base that enhances its Services segment, thereby creating a competitive edge conducive to margin expansion and strategic capital allocation. Analysts anticipate an 8% year-over-year revenue growth in FY24, fueled by strong demand for iPhones and a shift toward premium models, alongside the introduction of innovative products like AR/VR headsets and a transition to a hardware subscription model aimed at accelerating growth in emerging markets. Conversely, the bear case points to significant headwinds, including a potential fourth consecutive quarterly decline in F4Q23, which could weigh on F1Q24 results. Weakness in the direct sales channel, which accounts for about 38% of total sales, may arise from declining consumer discretionary income, the fading advantages of remote work, and an overall growth slowdown across many regions. Furthermore, the resumption of student loan payments poses additional challenges, particularly in the Americas, potentially impacting Apple's margins amid limited revenue growth.
Background on $AAPL Stock
Apple Inc. (AAPL) is a multinational technology company renowned for its innovative consumer electronics, software, and services. The company designs and manufactures a range of popular hardware products, including the iPhone, iPad, Mac computers, Apple Watch, and Apple TV. In addition to hardware, Apple develops software platforms such as iOS, macOS, watchOS, and tvOS, alongside a suite of applications like Safari, iWork, iMovie, and Final Cut Pro. Apple also offers various services, including the App Store, Apple Music, iCloud, and Apple Pay, enhancing the user experience across its ecosystem. With a strong emphasis on design, user experience, and privacy, Apple has established itself as one of the world's most valuable and recognizable brands.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
