Apple Inc. $AAPL Holdings Trimmed by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. cut its Apple position by 3.3% in the second quarter, selling 31,127 shares and retaining 926,035 shares valued at approximately $268 million. Apple remains the firm’s fourth-largest holding and represents 2.4% of its portfolio.
• Apple reported quarterly EPS of $2.02, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also declared a $0.27 quarterly dividend, equivalent to a 0.3% yield.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $340.02 target price, though concerns include rising component costs, potential pricing pressure, AI disruption to services, and a $5.7 billion patent verdict. Apple SVP Jennifer Newstead also sold shares worth about $806,496.

Benjamin Edwards Inc. reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 926,035 shares of the iPhone maker's stock after selling 31,127 shares during the quarter. Apple accounts for 2.4% of Benjamin Edwards Inc.'s investment portfolio, making the stock its 4th biggest holding. Benjamin Edwards Inc.'s holdings in Apple were worth $267,994,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AAPL. Avenir Tech Ltd purchased a new stake in Apple in the 2nd quarter worth about $29,000. Longfellow Investment Management Co. LLC purchased a new position in Apple during the 2nd quarter valued at about $30,000. Lifetime Wealth Management P.C. acquired a new position in shares of Apple in the 4th quarter valued at about $41,000. Ascentis Wealth Management LLC increased its holdings in shares of Apple by 822.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock valued at $85,000 after purchasing an additional 260,792 shares during the period. Finally, Basso Capital Management L.P. purchased a new stake in shares of Apple in the fourth quarter worth approximately $88,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the transaction, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 13,430 shares of company stock worth $4,342,255. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

NASDAQ AAPL opened at $330.32 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $4.82 trillion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 2.89 and a beta of 1.07. The company has a 50 day moving average price of $322.14 and a two-hundred day moving average price of $299.78. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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 net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the prior year, the firm earned $1.57 EPS. Apple's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new fall product cycle is supporting revenue expectations. Morgan Stanley modestly raised its revenue forecast following the product launches, while Counterpoint expects approximately 6 million units of Apple’s $1,999 iPhone Duo foldable to be sold this year. Strong early iPhone 18 Pro demand in China—up 12% year over year during launch week—also supports near-term sales momentum. Apple’s Fall Product Cycle Could Support Revenue Growth
• Positive Sentiment: Apple is expanding its ecosystem beyond the iPhone. Health-focused Apple Watch features, including a health-age metric and Readiness score, could help defend its wearables lead, while a planned October 13 smart-home event may introduce a new hub centered on Siri and Apple Intelligence. Apple Is Betting Improved Heart and Health Insights Will Boost Watch Sales
• Neutral Sentiment: Morgan Stanley lowered its Apple price target to $355 from $360 but retained an Overweight rating. Analysts cited higher memory and component costs and potential iPhone pricing pressure, which largely offset the benefit from stronger product revenue. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury ordered Apple to pay $5.7 billion over Taptic Engine patent claims, raising concerns about additional royalties and pressure on hardware margins. The company also faces a UK marketplace class action. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain concerned that AI agents such as Meta’s Muse could bypass Apple’s App Store and weaken its high-margin services ecosystem. Analysts said Apple’s product roadmap is attractive but lacks a clear catalyst after its recent rally. Apple Stock’s Upside May Be Limited as AI Agents Could Disrupt Business
• Negative Sentiment: Apple SVP Jennifer Newstead sold 2,399 shares worth approximately $806,496, reducing her holdings by 5.4%. The sale is relatively small compared with her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Wall Street Analyst Weigh In

AAPL has been the subject of several research reports. Barclays reaffirmed an "underweight" rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a research report on Friday, July 31st. DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price for the company. in a research report on Tuesday, August 4th. Raymond James Financial restated a "market perform" rating on shares of Apple in a report on Friday, July 31st. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Finally, Phillip Securities increased their price objective on Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $340.02.

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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