Apple Inc. $AAPL is Whittier Trust Co. of Nevada Inc.'s 2nd Largest Position

Key Points

• Whittier Trust Co. of Nevada reduced its Apple position by 2.5% in the second quarter, selling 26,010 shares. It still owned 1.02 million shares worth approximately $316.3 million, making Apple its second-largest holding and 5.9% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding estimates and representing 16.4% year-over-year revenue growth. Institutional investors collectively own 67.73% of the company.
• Apple shares opened at $316.85, while analysts maintained a consensus “Moderate Buy” rating with a $330.53 price target. The company also pays a quarterly dividend of $0.27 per share, yielding approximately 0.3%.

Whittier Trust Co. of Nevada Inc. decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,018,034 shares of the iPhone maker's stock after selling 26,010 shares during the quarter. Apple accounts for about 5.9% of Whittier Trust Co. of Nevada Inc.'s holdings, making the stock its 2nd biggest holding. Whittier Trust Co. of Nevada Inc.'s holdings in Apple were worth $316,262,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AAPL. MOKAN Wealth Management Inc. raised its holdings in shares of Apple by 9.6% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 29,941 shares of the iPhone maker's stock valued at $8,662,000 after purchasing an additional 2,625 shares in the last quarter. First Fiduciary Investment Counsel Inc. grew its stake in shares of Apple by 14.2% during the second quarter. First Fiduciary Investment Counsel Inc. now owns 7,370 shares of the iPhone maker's stock worth $2,133,000 after purchasing an additional 915 shares in the last quarter. U S Global Investors Inc. purchased a new position in Apple in the second quarter valued at $579,000. WealthTrust Asset Management LLC increased its holdings in Apple by 30.0% in the second quarter. WealthTrust Asset Management LLC now owns 17,620 shares of the iPhone maker's stock valued at $5,099,000 after buying an additional 4,064 shares during the last quarter. Finally, ADG Wealth Management Group LLC raised its stake in Apple by 7.6% in the second quarter. ADG Wealth Management Group LLC now owns 5,388 shares of the iPhone maker's stock valued at $1,559,000 after buying an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Down 0.9%

NASDAQ AAPL opened at $316.85 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market cap of $4.62 trillion, a PE ratio of 36.34, a P/E/G ratio of 2.74 and a beta of 1.09. Apple Inc. has a one year low of $225.95 and a one year high of $344.57. The firm's fifty day moving average is $312.63 and its two-hundred day moving average is $288.83.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share 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 quarter in the prior year, the firm earned $1.57 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. Analysts expect that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AAPL shares. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research report on Friday, July 31st. JPMorgan Chase & Co. cut their target price on Apple from $345.00 to $340.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. KGI Securities downgraded Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target for the company. in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Apple from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. Finally, Seaport Research Partners downgraded shares of Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently 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 leadership handoff could support innovation: Ternus is a longtime hardware executive and product builder, while Cook will remain with Apple as executive chairman. Investors are also looking ahead to the company’s September 9 product event, which could feature new iPhones and other devices. Apple To Begin New Chapter With CEO John Ternus
• Positive Sentiment: Several reports highlight continuing operating strengths, including strong iPhone share, potential gains as global smartphone shipments weaken, robust recent earnings, and increased fiscal-year EPS estimates. Apple’s planned U.S. manufacturing and AI-server investment could also reduce tariff and supply-chain exposure. Global Phone Shipments Drop, but Apple Positioned for Record iOS Market Share Gain
• Neutral Sentiment: Cook’s departure is being viewed as both a successful succession plan and a major test. His final message endorsed Ternus and emphasized continuity, but investors will judge the new CEO quickly based on the fall product cycle, Siri and Apple’s broader AI strategy. John Ternus to lead Apple into the age of AI
• Negative Sentiment: Apple’s AI strategy remains a key concern because it relies substantially on outside partners while rivals are perceived as farther ahead. At the same time, veteran executive Phil Schiller relinquished oversight of the App Store and product events, adding uncertainty during the CEO change. Apple's top App Store executive departs operational roles
• Negative Sentiment: Rising memory costs reportedly prompted significant Mac and iPad price increases, potentially pressuring demand. Apple also disclosed allegations in a trade-secret lawsuit that an OpenAI employee accessed a circuit schematic, creating legal and competitive-risk headlines. Apple alleges OpenAI employee accessed circuit plans
• Negative Sentiment: Monday’s wider market selloff, linked to escalating U.S.-Iran tensions, also weighed on large technology stocks and added pressure to AAPL.

Insider Buying and Selling

In other news, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president owned 37,229 shares of the company's stock, valued at $11,576,357.55. This trade represents a 3.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,433 shares of company stock valued at $1,367,024 over the last ninety days. 0.06% of the stock is owned by insiders.

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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