2,977 Apple Inc. $AAPL Shares Sold by WorthPointe LLC

Key Points

• WorthPointe LLC cut its Apple stake by 26.4% in the second quarter, selling 2,977 shares and retaining 8,303 shares valued at $2.4 million. Institutional investors collectively own 67.73% of Apple.
• Analyst sentiment remains positive but mixed, with a consensus “Moderate Buy” rating and an average price target of $340.02; ratings include 26 Buys, 13 Holds and two Sells.
• Apple’s latest quarter exceeded expectations, with earnings of $2.02 per share and revenue of $109.42 billion, though concerns include rising component costs, potential pressure on services from AI agents and a $5.7 billion patent verdict.

WorthPointe LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 26.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,303 shares of the iPhone maker's stock after selling 2,977 shares during the quarter. WorthPointe LLC's holdings in Apple were worth $2,403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Prospect Hill Management LLC acquired a new position in Apple in the 2nd quarter worth approximately $146,370,000. Focus Partners Advisor Solutions LLC acquired a new stake in Apple during the 2nd quarter valued at $168,646,000. Wealthfront Advisers LLC purchased a new stake in shares of Apple in the second quarter valued at $482,388,000. Satovsky Asset Management LLC purchased a new stake in shares of Apple in the second quarter valued at $16,064,000. Finally, Saranac Partners Ltd acquired a new stake in shares of Apple in the second quarter worth $9,513,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. Raymond James Financial reissued a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Seaport Research Partners lowered Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. Royal Bank Of Canada set a $365.00 target price on Apple in a research note on Wednesday, July 15th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Friday, September 25th. Finally, Bank of America reissued a "buy" rating and issued a $370.00 price target on shares of Apple in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $340.02.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Apple Price Performance

AAPL opened at $333.69 on Monday. The stock has a fifty day moving average price of $322.16 and a 200 day moving average price of $300.35. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. The stock has a market cap of $4.87 trillion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.66 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate 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. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 EPS. Analysts forecast 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. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's dividend payout ratio is currently 12.39%.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction that occurred 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 directly owned 41,992 shares in the company, valued at $14,116,870.56. The trade was a 5.40% 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. Insiders have sold a total of 13,430 shares of company stock worth $4,342,255 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Apple Profile

Apple Inc is a technology company that designs, develops and markets 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 software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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