Apple Inc. $AAPL Position Lowered by Davidson Investment Advisors

Key Points

• Davidson Investment Advisors reduced its Apple stake by 3.4% in the second quarter, selling 12,078 shares and retaining 341,640 shares valued at approximately $98.9 million. Apple remains the fund’s fourth-largest holding, representing about 4% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst expectations, while revenue increased 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share, or $1.08 annualized.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $340.02 target price, though concerns include higher component costs, potential pricing pressure, AI-related disruption to the App Store, and a $5.7 billion patent verdict.

Davidson Investment Advisors decreased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 341,640 shares of the iPhone maker's stock after selling 12,078 shares during the quarter. Apple comprises about 4.0% of Davidson Investment Advisors' portfolio, making the stock its 4th largest holding. Davidson Investment Advisors' holdings in Apple were worth $98,857,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AAPL. Cookson Peirce & Co. Inc. grew its stake in Apple by 442.1% during the second quarter. Cookson Peirce & Co. Inc. now owns 77,254 shares of the iPhone maker's stock valued at $22,354,000 after acquiring an additional 63,002 shares in the last quarter. Private Management Group Inc. boosted its holdings in shares of Apple by 1.3% during the 2nd quarter. Private Management Group Inc. now owns 46,882 shares of the iPhone maker's stock valued at $13,566,000 after purchasing an additional 620 shares during the last quarter. Thornburg Investment Management Inc. boosted its holdings in shares of Apple by 6,171.1% during the 2nd quarter. Thornburg Investment Management Inc. now owns 83,343 shares of the iPhone maker's stock valued at $24,116,000 after purchasing an additional 82,014 shares during the last quarter. Spinnaker Trust grew its position in shares of Apple by 2.3% during the second quarter. Spinnaker Trust now owns 228,303 shares of the iPhone maker's stock valued at $66,062,000 after purchasing an additional 5,123 shares in the last quarter. Finally, Capital Advisors Inc. OK grew its position in shares of Apple by 0.4% during the second quarter. Capital Advisors Inc. OK now owns 882,325 shares of the iPhone maker's stock valued at $255,310,000 after purchasing an additional 3,851 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Down 0.8%

Shares of AAPL opened at $330.32 on Friday. The company's fifty day simple moving average is $322.14 and its 200-day simple moving average is $299.78. The company has a market cap of $4.82 trillion, a P/E ratio of 37.88, a P/E/G ratio of 2.89 and a beta of 1.07. 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 Inc. has a twelve month low of $243.42 and a twelve month high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 EPS. As a group, analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced 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. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is 12.39%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new fall product cycle is supporting revenue expectations. Morgan Stanley modestly raised its revenue forecast following the product launches, while Counterpoint expects approximately 6 million units of Apple’s $1,999 iPhone Duo foldable to be sold this year. Strong early iPhone 18 Pro demand in China—up 12% year over year during launch week—also supports near-term sales momentum. Apple’s Fall Product Cycle Could Support Revenue Growth
• Positive Sentiment: Apple is expanding its ecosystem beyond the iPhone. Health-focused Apple Watch features, including a health-age metric and Readiness score, could help defend its wearables lead, while a planned October 13 smart-home event may introduce a new hub centered on Siri and Apple Intelligence. Apple Is Betting Improved Heart and Health Insights Will Boost Watch Sales
• Neutral Sentiment: Morgan Stanley lowered its Apple price target to $355 from $360 but retained an Overweight rating. Analysts cited higher memory and component costs and potential iPhone pricing pressure, which largely offset the benefit from stronger product revenue. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury ordered Apple to pay $5.7 billion over Taptic Engine patent claims, raising concerns about additional royalties and pressure on hardware margins. The company also faces a UK marketplace class action. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain concerned that AI agents such as Meta’s Muse could bypass Apple’s App Store and weaken its high-margin services ecosystem. Analysts said Apple’s product roadmap is attractive but lacks a clear catalyst after its recent rally. Apple Stock’s Upside May Be Limited as AI Agents Could Disrupt Business
• Negative Sentiment: Apple SVP Jennifer Newstead sold 2,399 shares worth approximately $806,496, reducing her holdings by 5.4%. The sale is relatively small compared with her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares in the company, valued at approximately $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 13,430 shares of company stock worth $4,342,255 over the last quarter. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 target price on shares of Apple in a report on Wednesday, September 2nd. Seaport Research Partners lowered Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. The Goldman Sachs Group initiated coverage on Apple in a report on Monday, August 17th. They set a "buy" rating for the company. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research note on Friday, July 31st. Finally, Morgan Stanley set a $355.00 price objective on Apple and gave the stock an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average 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.

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.