Apple Inc. $AAPL is Cumberland Partners Ltd's 8th Largest Position

Key Points

• Cumberland Partners cut its Apple position by 18.7% in the first quarter, selling 37,380 shares and retaining 162,591 shares worth approximately $41.3 million. Apple remains the fund’s eighth-largest holding, representing 3.1% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, exceeding analyst estimates, while revenue increased 16.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $328.60.
• Apple faces potential pressure from rising memory costs, supply-chain uncertainty and a reported downgrade tied to the cancellation of a planned all-glass iPhone, although investors continue to cite artificial-intelligence features and a future iPhone upgrade cycle as growth catalysts.

Cumberland Partners Ltd reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,591 shares of the iPhone maker's stock after selling 37,380 shares during the period. Apple accounts for about 3.1% of Cumberland Partners Ltd's holdings, making the stock its 8th biggest holding. Cumberland Partners Ltd's holdings in Apple were worth $41,264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AAPL. Lifetime Wealth Management P.C. acquired a new position in Apple in the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% in the first 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. Timmons Wealth Management LLC acquired a new stake in Apple during the fourth quarter worth $69,000. LSV Asset Management purchased a new stake in Apple in the fourth quarter valued at $65,000. Finally, Inspire Investing LLC purchased a new stake in Apple in the fourth quarter valued at $76,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. HSBC raised Apple from a "hold" rating to a "buy" rating and upped their price target for the company from $260.00 to $366.00 in a research note on Thursday, July 16th. Raymond James Financial restated a "market perform" rating on shares of Apple in a report on Friday, July 31st. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 3rd. Barclays reaffirmed an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research note on Friday, July 31st. Finally, Citigroup reiterated a "buy" rating and set a $365.00 price target (up from $315.00) on shares of Apple in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and a consensus price target of $328.60.

Apple Price Performance

AAPL opened at $308.26 on Tuesday. The stock's 50-day moving average price is $309.49 and its 200 day moving average price is $283.86. Apple Inc. has a 12-month low of $223.78 and a 12-month high of $344.57. The firm has a market cap of $4.50 trillion, a price-to-earnings ratio of 35.35, a PEG ratio of 2.68 and a beta of 1.09. 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 (NASDAQ:AAPL - Get Free Report) last released its earnings results 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 company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. As a group, sell-side analysts expect that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is testing memory chips from China’s CXMT for some iPhones and MacBooks sold in China. If approved by U.S. authorities, the move could provide an additional supply source and help mitigate shortages caused by surging AI-related demand. Apple tests China's CXMT memory chips
• Positive Sentiment: Some Apple-focused investors, including Deepwater Asset Management’s Gene Munster, argue that the shares remain undervalued and that future iPhone price increases, artificial-intelligence features and a potential upgrade cycle could support longer-term growth. Gene Munster disagrees with Apple downgrade
• Neutral Sentiment: Apple is scheduled to pay a quarterly dividend of $0.27 per share on August 13 to eligible shareholders, providing a modest near-term shareholder return. Apple dividend payment
• Negative Sentiment: Jefferies downgraded Apple from Hold to Underperform and cut its price target to $263.66 from $285.56. Analyst Edison Lee reportedly believes Apple has scrapped a planned all-glass iPhone because of production challenges, removing a potential premium product that could have lifted average selling prices and profitability. Apple could underperform without an all-glass iPhone
• Negative Sentiment: Memory and storage costs are rising sharply amid the AI-driven supply crunch; reports suggest iPhone 18 production costs could increase by roughly 38%. Apple may need to raise prices, risking weaker demand, or absorb the costs, pressuring margins. Apple's iPhone 18 costs could jump 38%
• Negative Sentiment: The CXMT testing also introduces geopolitical and execution risks: U.S. restrictions could limit Apple’s access to the supplier, while CXMT’s capacity and technology may lag established memory manufacturers. These issues add uncertainty to Apple’s supply chain and pricing strategy.

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.

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