Apple Inc. $AAPL is General Partner Inc.'s 2nd Largest Position

Key Points

• General Partner Inc. cut its Apple position by 18% in the second quarter, selling 10,350 shares and retaining 47,055 shares valued at approximately $13.6 million. Apple remains the fund’s second-largest holding, representing 7.3% of its portfolio.
• Other institutional investors mostly increased their Apple exposure or initiated new positions, and institutional ownership stands at 67.73% of the company’s shares.
• Apple maintains a “Moderate Buy” consensus rating with an average price target of $330.53; its latest quarterly results beat estimates, with revenue rising 16.4% year over year, though the stock trades at a relatively high price-to-earnings ratio of about 35.

General Partner Inc. reduced its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 18.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,055 shares of the iPhone maker's stock after selling 10,350 shares during the quarter. Apple accounts for about 7.3% of General Partner Inc.'s investment portfolio, making the stock its 2nd largest position. General Partner Inc.'s holdings in Apple were worth $13,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Rainier Family Wealth Inc. lifted its stake in Apple by 14.1% in the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after purchasing an additional 3,014 shares during the last quarter. Eaton Cambridge Inc. increased its holdings in shares of Apple by 21.3% in the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after buying an additional 2,450 shares during the period. Torren Management LLC purchased a new position in shares of Apple in the fourth quarter worth about $1,178,000. Summit Wealth Partners LLC lifted its stake in shares of Apple by 108.3% in the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock valued at $8,880,000 after acquiring an additional 18,188 shares during the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp bought a new stake in shares of Apple in the 4th quarter valued at about $105,482,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Rothschild & Co. Redburn upgraded Apple to Buy from Neutral and raised its price target to $400 from $260. The firm cited potential growth from a premium foldable iPhone and a strategic reset of Apple Intelligence, while suggesting Apple could use Nvidia’s open-source AI models to improve its position. Apple Stock Got an Upgrade. It Could Be the AI Gatekeeper.
• Positive Sentiment: Antitrust relief removes a legal overhang. Apple reportedly won significant relief in an antitrust battle, potentially reducing regulatory risk around its App Store and business practices. Apple Wins Major Relief in Antitrust Battle
• Positive Sentiment: Pre-iPhone event demand appears supportive. A KeyBanc survey indicated improving consumer spending ahead of Apple’s expected September product launch, providing a potential near-term catalyst for iPhone sales. Why Investors Should Consider Buying Apple Stock Ahead of Its September iPhone Event
• Neutral Sentiment: Apple is changing European app-tracking consent rules following a German competition investigation. The changes may benefit Meta and advertisers, but could reduce some of Apple’s control over data-related monetization. Apple to change app data consent rules, German regulator says
• Negative Sentiment: Memory-chip sourcing is a growing risk. The Trump administration urged Apple not to buy Chinese memory chips because of national-security concerns. Complying could raise component costs, while defying the request could create political or supply-chain complications. Apple May Buy Chinese Memory Chips Despite US Request
• Negative Sentiment: Valuation and execution concerns remain. At roughly $306 and about 35 times earnings, bearish commentary argues that much of Apple’s quality is already reflected in the price and that AI progress may not justify a higher multiple. Apple's Red Flags Are Real and Signal Trouble
• Negative Sentiment: Security and App Store-management reports add reputational risk. Investigators reported an unusually large number of spyware alerts affecting Apple users, while DefiLlama said fake apps delayed its launch. Apple has also patched a critical macOS flaw exploited for cryptocurrency mining. Unprecedented number of Apple users received recent spyware alert

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Maxim Group restated a "buy" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. TD Cowen boosted their price objective on Apple from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Morgan Stanley dropped their price objective on Apple from $364.00 to $360.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. DZ Bank cut shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price on the stock. in a report on Tuesday, August 4th. Finally, Citigroup reaffirmed a "buy" rating and issued a $365.00 target price (up from $315.00) on shares of Apple in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average price target of $330.53.

Apple Trading Down 0.1%

Shares of AAPL opened at $305.59 on Tuesday. Apple Inc. has a 1-year low of $223.78 and a 1-year high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm's 50-day moving average price is $309.06 and its 200-day moving average price is $285.73. The firm has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company 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 earnings per share. Apple's revenue was up 16.4% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. Apple's dividend payout ratio is 12.39%.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the completion of the transaction, the senior vice president owned 40,107 shares in the company, valued at $12,342,929.25. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ben Borders sold 116 shares of Apple 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 sale, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. 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. 0.06% of the stock is currently owned by corporate insiders.

Apple Company Profile

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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