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

Key Points

• Whittier Trust increased its Apple stake by 0.8% in the second quarter to 1.73 million shares valued at approximately $541.4 million, making Apple 5.3% of its portfolio and its second-largest holding.
• Apple reported strong quarterly results, with revenue rising 16.4% year over year to $109.42 billion and EPS of $2.02, exceeding analyst expectations. Institutional investors own 67.73% of the company, while analysts maintain a “Moderate Buy” consensus with an average target price of $330.53.
• Investors are weighing leadership-transition and growth opportunities against risks including uncertainty around Apple’s AI strategy, rising component costs that could lift Mac and iPad prices, executive departures, and broader market pressure.

Whittier Trust Co. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,731,482 shares of the iPhone maker's stock after purchasing an additional 13,244 shares during the quarter. Apple makes up 5.3% of Whittier Trust Co.'s investment portfolio, making the stock its 2nd biggest holding. Whittier Trust Co.'s holdings in Apple were worth $541,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Clear Creek Financial Management LLC grew its position in shares of Apple by 6.0% during the second quarter. Clear Creek Financial Management LLC now owns 74,607 shares of the iPhone maker's stock worth $21,588,000 after buying an additional 4,206 shares in the last quarter. MOKAN Wealth Management Inc. raised its holdings in Apple by 9.6% in the second quarter. MOKAN Wealth Management Inc. now owns 29,941 shares of the iPhone maker's stock valued at $8,662,000 after acquiring an additional 2,625 shares in the last quarter. First Fiduciary Investment Counsel Inc. lifted its stake in Apple by 14.2% in the second quarter. First Fiduciary Investment Counsel Inc. now owns 7,370 shares of the iPhone maker's stock worth $2,133,000 after acquiring an additional 915 shares during the last quarter. U S Global Investors Inc. purchased a new position in Apple in the second quarter worth approximately $579,000. Finally, WealthTrust Asset Management LLC grew its holdings in Apple by 30.0% during the 2nd quarter. WealthTrust Asset Management LLC now owns 17,620 shares of the iPhone maker's stock worth $5,099,000 after acquiring an additional 4,064 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Key Stories Impacting Apple

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 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 completion of the sale, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 firm'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 transaction of $447,457.05. Following the transaction, the senior vice president owned 37,229 shares in the company, valued at approximately $11,576,357.55. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 4,433 shares of company stock valued at $1,367,024. 0.06% of the stock is owned by company insiders.

Apple Price Performance

Shares of AAPL opened at $316.85 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 1-year low of $225.95 and a 1-year high of $344.57. The stock has a market cap of $4.62 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The firm has a fifty day moving average price of $312.63 and a 200 day moving average price of $288.83.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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 return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the company posted $1.57 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 8.76 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given 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 payout ratio is 12.39%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent analyst reports. Rosenblatt Securities increased their price objective on shares of Apple from $276.00 to $300.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. HSBC upgraded shares of Apple from a "hold" rating to a "buy" rating and boosted their target price for the stock from $260.00 to $366.00 in a research note on Thursday, July 16th. TD Cowen raised their price target on Apple from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lowered their price objective 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, Oppenheimer reiterated a "market perform" rating on shares of Apple in a report 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 issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $330.53.

Apple 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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