3,614 Apple Inc. $AAPL Shares Sold by Lincoln Capital Corp

Key Points

• Lincoln Capital Corp. reduced its Apple stake by 6.7% in the second quarter, selling 3,614 shares and retaining 50,719 shares valued at approximately $14.7 million. Apple remains the firm’s fifth-largest holding and represents 4.8% of its portfolio.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analysts’ expectations, while revenue increased 16.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.14.
• Recent developments present both opportunities and risks: strong iPhone demand and potential smart-home expansion support growth, while AI competition, cybersecurity issues, legal challenges and reported insider selling remain concerns.

Lincoln Capital Corp lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,719 shares of the iPhone maker's stock after selling 3,614 shares during the period. Apple accounts for 4.8% of Lincoln Capital Corp's holdings, making the stock its 5th biggest position. Lincoln Capital Corp's holdings in Apple were worth $14,676,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Avenir Tech Ltd acquired a new position in Apple in the 2nd quarter valued at about $29,000. Longfellow Investment Management Co. LLC acquired a new stake in Apple during the second quarter worth approximately $30,000. Lifetime Wealth Management P.C. bought a new stake in shares of Apple during the fourth quarter worth approximately $41,000. ABS Investment Management LLC bought a new stake in shares of Apple during the second quarter worth approximately $376,168,000. Finally, Basso Capital Management L.P. acquired a new position in shares of Apple in the fourth quarter valued at approximately $88,000. 67.73% of the stock is owned by institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Insider Buying and Selling

In related news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total transaction of $815,803.94. Following the completion of the sale, the senior vice president owned 44,391 shares of the company's stock, valued at $15,095,603.46. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 11,031 shares of company stock valued at $3,535,759 over the last three months. 0.06% of the stock is owned by insiders.

Apple Trading Up 1.1%

Shares of NASDAQ:AAPL opened at $333.02 on Thursday. The business's 50 day simple moving average is $321.97 and its 200 day simple moving average is $299.21. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. 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 company has a market capitalization of $4.86 trillion, a P/E ratio of 38.19, a P/E/G ratio of 2.86 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. On average, research analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. 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 payout ratio is 12.39%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Apple in a report on Monday, August 17th. They set a "buy" rating for the company. Wedbush reaffirmed an "outperform" rating and issued a $400.00 price objective on shares of Apple in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft cut Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Needham & Company LLC reissued a "hold" rating on shares of Apple in a report on Tuesday, September 8th. Finally, Robert W. Baird boosted their target price on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $340.14.

Apple Company 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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