Apple Inc. $AAPL Position Decreased by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management cut its Apple position by 10.1% in the second quarter, selling 36,899 shares and retaining 329,239 shares worth approximately $95.3 million. Apple remains the firm’s largest holding and represents 6.7% of its portfolio.
• Institutional investors own 67.73% of Apple, while insiders have sold 279,383 shares worth $92.9 million over the past 90 days. The disclosed insider sales were primarily intended to cover tax obligations tied to vested equity awards.
• Apple’s outlook remains mixed: analysts assign the stock a “Moderate Buy” consensus with a $340.02 target, while potential AI and smart-home growth are offset by concerns about premium iPhone demand, valuation, and margin pressure.

Van Hulzen Asset Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 10.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 329,239 shares of the iPhone maker's stock after selling 36,899 shares during the period. Apple accounts for about 6.7% of Van Hulzen Asset Management LLC's portfolio, making the stock its largest position. Van Hulzen Asset Management LLC's holdings in Apple were worth $95,269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Berkshire Hathaway Inc acquired a new stake in Apple in the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE purchased a new position in Apple in the second quarter worth $36,986,090,000. Legal & General Group Plc purchased a new position in Apple in the second quarter worth $30,443,242,000. Deutsche Bank AG acquired a new position in shares of Apple during the second quarter worth $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Apple during the second quarter worth $10,588,946,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other news, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the transaction, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of Apple stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares of the company's stock, valued at $19,832,236.98. This trade represents a 29.90% decrease in their position. 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. Insiders have sold a total of 279,383 shares of company stock worth $92,912,517 in the last 90 days. 0.06% of the stock is owned by company insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Potential AI upside: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by monetizing its more than 2.5 billion active devices and Services ecosystem. He estimates AI could add approximately $75 per share to the company’s value. Apple Could Be the Toll Collector of Consumer AI
• Positive Sentiment: Smart-home expansion: Apple’s planned October 13 “Welcome Home” event could introduce products such as a smart lock, thermostat and doorbell. The initiative may expand Apple’s hardware and Services opportunities and strengthen its position against Amazon and Google. Apple Smart Home Push
• Neutral Sentiment: Possible seasonal order adjustment: Bespoke Investment Group noted that Apple’s autumn iPhone order reductions have occurred in prior years and have sometimes been followed by a stock recovery. Investors will look for evidence that the latest cuts reflect normal supply-chain management rather than lasting demand weakness. Apple’s iPhone Order Cut and Stock Rebound
• Negative Sentiment: iPhone demand concerns: Nikkei Asia reported that Apple asked suppliers to cut iPhone 18 Pro component production, raising concerns that premium pricing is discouraging consumers. The reports are particularly important because Apple is preparing to pursue an even higher-priced product strategy, including a rumored $1,999 foldable iPhone. Apple Cuts iPhone 18 Pro Orders Due to Soft Demand
• Negative Sentiment: Valuation and execution risks: Apple’s elevated earnings multiple leaves less room for disappointment, while higher memory costs could pressure margins. A recent senior vice president stock sale was relatively small but adds to near-term caution. Apple Senior Vice President Stock Sale

Apple Price Performance

NASDAQ AAPL opened at $336.64 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The stock's fifty day moving average price is $322.61 and its 200 day moving average price is $303.36. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. The company has a market cap of $4.91 trillion, a price-to-earnings ratio of 38.61, a PEG ratio of 2.68 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last issued its 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. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. As a group, equities research analysts forecast that Apple Inc. will post 8.75 earnings per share 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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is presently 12.39%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Friday, September 25th. KGI Securities downgraded Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price on the stock. in a research note on Monday, June 22nd. JPMorgan Chase & Co. restated a "buy" rating on shares of Apple in a research note on Monday, September 21st. Phillip Securities upped their target price on Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a research report on Monday, September 14th. Finally, Rothschild & Co Redburn set a $400.00 price target on Apple and gave the company a "buy" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $340.02.

About Apple

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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