Apple Inc. $AAPL Shares Sold by Asset Dedication LLC

Key Points

• Asset Dedication LLC reduced its Apple holdings by 25.6% in the first quarter, selling 24,681 shares and retaining 71,879 shares valued at approximately $18.2 million. Institutional investors and hedge funds still own 67.73% of Apple.
• 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, equivalent to a 0.4% annual yield.
• Apple’s shares opened at $305.93, with a market capitalization near $4.46 trillion, while analyst views remain mixed; the stock has a “Moderate Buy” consensus and a $328.60 average price target. Concerns include its demanding valuation, rising memory-chip costs, limited near-term AI momentum and competition from Google’s AI-powered Pixel devices.

Asset Dedication LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 25.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,879 shares of the iPhone maker's stock after selling 24,681 shares during the quarter. Apple comprises approximately 1.3% of Asset Dedication LLC's portfolio, making the stock its 10th largest holding. Asset Dedication LLC's holdings in Apple were worth $18,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Rainier Family Wealth Inc. boosted its position in shares of Apple by 14.1% during the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after purchasing an additional 3,014 shares during the period. Eaton Cambridge Inc. raised its position in Apple by 21.3% in the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock valued at $3,545,000 after purchasing an additional 2,450 shares during the period. Torren Management LLC purchased a new stake in Apple in the fourth quarter valued at approximately $1,178,000. Summit Wealth Partners LLC boosted its position in shares of Apple by 108.3% during the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock worth $8,880,000 after buying an additional 18,188 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp purchased a new position in shares of Apple during the fourth quarter worth $105,482,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 0.2%

NASDAQ AAPL opened at $305.93 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 52 week low of $223.78 and a 52 week high of $344.57. The stock has a market capitalization of $4.46 trillion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The firm has a 50 day moving average of $308.98 and a two-hundred day moving average of $285.19.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $1.57 EPS. As a group, research analysts expect that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 10th. Apple's payout ratio is 12.39%.

Insider Activity

In other news, insider Ben Borders sold 116 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider owned 38,713 shares of the company's stock, valued at approximately $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 accessible through 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 firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the sale, the senior vice president directly owned 40,107 shares in the company, valued at $12,342,929.25. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.06% of the company's stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly training a China-specific large language model with Alibaba’s support. The initiative could bring Apple Intelligence to Chinese users, improve Apple’s competitive position against Huawei and reduce reliance on third-party AI models in a key market. Apple trains China-specific AI model
• Positive Sentiment: Apple opened an advanced manufacturing center in Houston that will support AI-server production, Mac mini assembly and workforce training. The facility reinforces Apple’s U.S. investment plans and may improve supply-chain resilience and relations with policymakers. Apple opens Houston manufacturing facility
• Positive Sentiment: Apple reportedly received about $2.2 billion in tariff refunds. The cash recovery could offset some trade-related expenses and support near-term earnings and cash flow. Apple tariff refund report
• Positive Sentiment: Apple is discussing usage-based content agreements with publishers to improve the upgraded Siri’s access to current information. A stronger Siri could help narrow Apple’s perceived AI gap and support future services growth. Apple publisher talks for Siri
• Neutral Sentiment: Apple proposed a 15% commission on purchases made through external links in iOS apps amid its continuing legal dispute with Epic. The proposal could preserve some App Store revenue, but the final regulatory and legal outcome remains uncertain. Apple proposes external purchase commission
• Neutral Sentiment: Apple’s valuation remains demanding, with a market capitalization near $4.5 trillion and a forward earnings outlook that leaves the stock sensitive to execution. An insider sale by SVP Jennifer Newstead was disclosed, though such transactions do not necessarily indicate a change in corporate fundamentals. Apple insider sale
• Negative Sentiment: Jefferies downgraded Apple, citing concerns about the canceled or delayed all-glass iPhone concept, limited near-term AI momentum and rising memory-chip costs. Higher component prices could pressure margins and make it harder for Apple to justify its premium valuation. Jefferies Apple downgrade and iPhone concerns
• Negative Sentiment: Google’s Pixel 11 is placing Gemini more deeply into the smartphone experience, raising the competitive stakes for Apple ahead of the iPhone 18 launch and Siri’s broader overhaul.

Analysts Set New Price Targets

AAPL has been the topic of several research reports. UBS Group reissued a "neutral" rating on shares of Apple in a research note on Friday, July 31st. DZ Bank downgraded Apple from a "buy" rating to a "hold" rating and set a $310.00 target price for the company. in a research report on Tuesday, August 4th. Maxim Group reiterated a "buy" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. DA Davidson reissued a "neutral" rating and set a $270.00 price target on shares of Apple in a research report on Friday, July 31st. Finally, Barclays reissued an "underweight" rating and issued a $245.00 price objective (down from $253.00) on shares of Apple in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $328.60.

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.

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