Alley Investment Management Company LLC Sells 1,695 Shares of Apple Inc. $AAPL

Key Points

• Alley Investment Management reduced its Apple position by 1.4%, selling 1,695 shares and retaining 120,432 shares valued at approximately $34.85 million. Apple remains the firm’s third-largest holding, representing 4.1% of its portfolio.
• Institutional investors own approximately 67.73% of Apple’s stock, while insiders own just 0.06%; Apple SVP Jennifer Newstead separately sold 2,399 shares worth about $806,496.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and average price target of $340.02. However, potential risks include a $5.7 billion patent verdict, rising component costs, AI competition and Apple’s relatively high valuation.

Alley Investment Management Company LLC lessened its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 120,432 shares of the iPhone maker's stock after selling 1,695 shares during the period. Apple makes up 4.1% of Alley Investment Management Company LLC's investment portfolio, making the stock its 3rd largest holding. Alley Investment Management Company LLC's holdings in Apple were worth $34,848,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mason & Associates Inc increased its holdings in shares of Apple by 2.0% in the 2nd quarter. Mason & Associates Inc now owns 42,888 shares of the iPhone maker's stock valued at $12,410,000 after purchasing an additional 830 shares in the last quarter. Montz Harcus Wealth Management LLC lifted its stake in shares of Apple by 1.5% in the second quarter. Montz Harcus Wealth Management LLC now owns 34,990 shares of the iPhone maker's stock valued at $10,125,000 after purchasing an additional 521 shares during the period. Fortune 45 LLC boosted its holdings in Apple by 2.6% during the second quarter. Fortune 45 LLC now owns 13,447 shares of the iPhone maker's stock worth $3,891,000 after buying an additional 336 shares in the last quarter. KFG Wealth Management LLC boosted its holdings in Apple by 13.9% during the second quarter. KFG Wealth Management LLC now owns 28,267 shares of the iPhone maker's stock worth $8,179,000 after buying an additional 3,452 shares in the last quarter. Finally, Strengthening Families & Communities LLC grew its position in Apple by 1.3% during the second quarter. Strengthening Families & Communities LLC now owns 56,117 shares of the iPhone maker's stock worth $16,238,000 after buying an additional 739 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity

In related news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president owned 41,992 shares in the company, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 13,430 shares of company stock valued at $4,342,255 in the last quarter. 0.06% of the stock is owned by corporate insiders.

Trending Headlines about Apple

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AAPL shares. Morgan Stanley set a $355.00 price target on shares of Apple and gave the company an "overweight" rating in a research report on Thursday. Daiwa Securities Group upped their price target on Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. KeyCorp reaffirmed an "underweight" rating on shares of Apple in a research note on Friday, September 4th. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Apple in a report on Monday, September 21st. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $303.00 target price on shares of Apple in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $340.02.

Apple Stock Performance

Shares of AAPL opened at $333.69 on Monday. 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 firm has a 50 day simple moving average of $322.16 and a 200-day simple moving average of $300.35. 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 price-to-earnings-growth ratio of 2.66 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the previous year, the firm posted $1.57 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. Equities analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Dividend Announcement

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

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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