Annex Advisory Services LLC Sells 6,213 Shares of Apple Inc. $AAPL

Key Points

• Annex Advisory Services reduced its Apple stake by 1.4%, selling 6,213 shares during the second quarter and retaining 453,907 shares valued at approximately $131.3 million. Institutional investors collectively own 67.73% of Apple.
• Apple’s latest quarterly results exceeded expectations, with EPS of $2.02 versus the $1.89 consensus and revenue of $109.42 billion, up 16.4% year over year. The company also maintains a quarterly dividend of $0.27 per share.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $330.53, despite recent downgrades from Jefferies and Barclays. Investors are focused on the September product event, potential foldable iPhone demand, Apple’s AI progress and premium valuation risks.

Annex Advisory Services LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 453,907 shares of the iPhone maker's stock after selling 6,213 shares during the quarter. Apple makes up 2.2% of Annex Advisory Services LLC's investment portfolio, making the stock its 11th largest position. Annex Advisory Services LLC's holdings in Apple were worth $131,343,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. purchased a new stake in shares of Apple in the fourth quarter worth about $41,000. ROSS JOHNSON & Associates LLC increased its holdings in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares during the period. LSV Asset Management bought a new stake in Apple during the 4th quarter worth approximately $65,000. Timmons Wealth Management LLC purchased a new stake in Apple in the 4th quarter worth approximately $69,000. Finally, Inspire Investing LLC purchased a new stake in Apple in the 4th quarter worth approximately $76,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $310.95, for a total value of $447,457.05. Following the completion of the transaction, the senior vice president owned 37,229 shares in the company, valued at approximately $11,576,357.55. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben Borders sold 116 shares of the firm's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. This represents a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 4,433 shares of company stock worth $1,367,024 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on AAPL. Jefferies Financial Group lowered shares of Apple from a "buy" rating to an "underperform" rating and reduced their price target for the company from $285.56 to $263.66 in a research report on Monday, August 10th. Weiss Ratings upgraded Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 3rd. DA Davidson reissued a "neutral" rating and set a $270.00 price objective on shares of Apple in a research note on Friday, July 31st. JPMorgan Chase & Co. reduced their target price on Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Finally, Barclays restated an "underweight" rating and issued a $245.00 target price (down from $253.00) on shares of Apple in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $330.53.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s September 9 event will be the first major product launch under incoming CEO John Ternus. Expectations for the iPhone 18 lineup, camera improvements and a possible foldable iPhone are supporting sentiment. IDC reportedly expects more than 10 million foldable iPhone shipments in the first year, although that forecast remains speculative. Apple stock rises ahead of September event
• Positive Sentiment: Apple is raising U.S. prices for Apple TV and Apple One subscriptions, in some cases by up to 20%. The increases could lift services revenue and margins, though investors will monitor customer retention and potential subscription churn. Apple raises subscription prices
• Positive Sentiment: Walmart plans to add Apple Pay support across its U.S. stores and Sam’s Club locations by the end of 2026. Wider acceptance could increase Apple Pay usage and strengthen Apple’s payments ecosystem. Walmart to add Apple Pay support
• Positive Sentiment: Recent results provide fundamental support: Apple reported quarterly EPS of $2.02 versus a $1.89 consensus estimate, while revenue rose 16.4% year over year to $109.42 billion.
• Neutral Sentiment: The CEO transition creates both opportunity and execution risk. Ternus’s product-design background is viewed favorably, but he will face an immediate test with the iPhone launch shortly after taking over from Tim Cook. Apple’s first iPhone launch under John Ternus
• Negative Sentiment: Apple is eliminating roughly 147–200 jobs across Siri, machine-learning and Vision Pro teams while redirecting resources toward AI. The restructuring may improve focus, but it also highlights concerns about Siri’s delays and Apple’s position in generative AI. Apple layoffs in Siri and Vision Pro teams
• Negative Sentiment: High expectations and a premium valuation leave less room for disappointing foldable-iPhone demand, AI progress or margins. Rising memory-chip costs could also pressure profitability.
• Negative Sentiment: Apple SVP Jennifer Newstead sold 1,439 shares worth approximately $447,000. The sale is small relative to Apple’s size and may be routine, but it provides a modest negative sentiment signal. SEC Form 4 filing

Apple Price Performance

Shares of AAPL stock opened at $319.70 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a fifty-two week low of $225.95 and a fifty-two week high of $344.57. The firm has a market cap of $4.67 trillion, a P/E ratio of 36.66, a P/E/G ratio of 2.70 and a beta of 1.09. The business's 50 day moving average price is $312.24 and its 200-day moving average price is $288.43.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. On average, equities research analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is presently 12.39%.

About Apple

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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