Apple Inc. $AAPL Shares Sold by AFG Fiduciary Services Limited Partnership

AFG Fiduciary Services Limited Partnership decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 99.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,679 shares of the iPhone maker's stock after selling 4,638,624 shares during the quarter. AFG Fiduciary Services Limited Partnership's holdings in Apple were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evansbrook LLC boosted its holdings in shares of Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after purchasing an additional 34 shares during the last quarter. JMG Financial Group Ltd. increased its holdings in shares of Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after buying an additional 35 shares during the last quarter. Reyes Financial Architecture Inc. increased its holdings in shares of Apple by 0.4% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock worth $2,520,000 after buying an additional 37 shares during the last quarter. Interactive Financial Advisors Inc. boosted its holdings in Apple by 4.0% in the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after acquiring an additional 40 shares during the last quarter. Finally, Sugar Maple Asset Management LLC boosted its holdings in Apple by 2.0% in the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock valued at $515,000 after acquiring an additional 40 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on AAPL shares. Rosenblatt Securities boosted their price objective on shares of Apple from $276.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Barclays restated an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a report on Friday, July 31st. Bank of America reaffirmed a "buy" rating and set a $380.00 price target on shares of Apple in a research report on Thursday, June 18th. JPMorgan Chase & Co. lowered their price target on Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Finally, HSBC raised Apple from a "hold" rating to a "buy" rating and raised their price objective for the company from $260.00 to $366.00 in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average target price of $330.53.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s restrained infrastructure spending is increasingly viewed as an advantage while other large technology companies spend heavily on AI data centers. Investors appear to be rewarding the prospect of strong AI-related products without comparable capital-investment pressure. Apple Rises as Investors Flee the AI Spending Arms Race
• Positive Sentiment: Recent coverage highlighted Apple’s record quarterly performance, including earnings and revenue above analyst expectations. The results reinforce the company’s financial momentum and provide support for the stock. Q2 Earnings Season Winds Down: 3 Companies That Broke Records
• Positive Sentiment: Reports of a premium foldable iPhone expected in early September, along with a possible iPhone 18 cycle, are boosting expectations for a meaningful product refresh and higher average selling prices. However, memory shortages could also raise the device’s cost and weigh on demand. Apple to launch $2,000-plus foldable iPhone Ultra
• Positive Sentiment: Apple is reportedly developing a China-specific large language model with Alibaba’s support, potentially improving its ability to offer AI services in a strategically important market. Apple’s China AI Strategy
• Neutral Sentiment: Apple is cutting more than 200 positions in Siri, Vision Pro and related teams to redirect resources toward AI, smart glasses and other hardware. The move may improve long-term focus but also underscores weak Vision Pro traction and delays in Apple’s AI execution. Apple Cuts 200 Jobs in Siri and Vision Pro
• Negative Sentiment: Apple’s revised European App Store terms reduce its standard commission from 30% to 26% and set a 5% fee for alternative app-store transactions. While the changes could ease regulatory conflict, they pressure high-margin services revenue and reflect continuing EU scrutiny. Apple Cut Its Standard EU App Store Commission
• Negative Sentiment: Reports that Apple may source memory chips from China’s CXMT highlight ongoing supply constraints and could weaken the position of existing suppliers. For Apple, the move may lower costs, but it also introduces geopolitical, qualification and supply-chain risks. Memory Stocks Slide on Report Apple May Source Chinese Chips

Apple Price Performance

Shares of AAPL stock opened at $310.34 on Tuesday. The firm has a fifty day simple moving average of $310.91 and a 200-day simple moving average of $287.45. The company has a market capitalization of $4.53 trillion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09. Apple Inc. has a twelve month low of $224.69 and a twelve month 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.

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 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 firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. The firm's quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of the firm's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total transaction of $442,478.11. Following the completion of the sale, the senior vice president directly owned 38,668 shares of the company's stock, valued at $11,890,023.32. The trade was a 3.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,994 shares of company stock valued at $919,567 in the last three months. 0.06% of the stock is currently owned by company insiders.

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.

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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