Apple Inc. $AAPL Shares Sold by Bourne Lent Asset Management Inc.

Bourne Lent Asset Management Inc. cut its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,823 shares of the iPhone maker's stock after selling 7,318 shares during the period. Apple accounts for 12.1% of Bourne Lent Asset Management Inc.'s investment portfolio, making the stock its 2nd largest holding. Bourne Lent Asset Management Inc.'s holdings in Apple were worth $34,961,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aspire Growth Partners LLC grew its stake in shares of Apple by 0.5% during the second quarter. Aspire Growth Partners LLC now owns 40,583 shares of the iPhone maker's stock worth $11,743,000 after purchasing an additional 211 shares in the last quarter. Prosperity Advisers LLC increased its holdings in Apple by 2.8% in the second quarter. Prosperity Advisers LLC now owns 4,132 shares of the iPhone maker's stock valued at $1,196,000 after buying an additional 111 shares during the last quarter. Tencap Wealth Coaching LLC acquired a new stake in Apple in the second quarter valued at $858,000. Bedel Financial Consulting Inc. lifted its holdings in Apple by 9.4% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 84,110 shares of the iPhone maker's stock worth $24,338,000 after buying an additional 7,221 shares during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in Apple by 5.0% during the 2nd quarter. Swiss Life Asset Management Ltd now owns 4,489,649 shares of the iPhone maker's stock worth $1,299,125,000 after buying an additional 214,379 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. HSBC upgraded Apple from a "hold" rating to a "buy" rating and increased their price objective for the company from $260.00 to $366.00 in a report on Thursday, July 16th. TD Cowen upped their price target on Apple from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Citigroup reiterated a "buy" rating and issued a $365.00 price target (up from $315.00) on shares of Apple in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft cut shares of Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. Finally, KeyCorp restated an "underweight" rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $330.61.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investor optimism is building ahead of Apple’s September 9 product event, the first major launch under new CEO John Ternus. Ternus described the event as “phenomenal,” raising expectations for new premium iPhones and the company’s first foldable iPhone. Apple’s New CEO Teases “Phenomenal” iPhone Launch
• Positive Sentiment: The foldable iPhone could provide a significant new growth catalyst. Morgan Stanley estimates the device could contribute approximately $14 billion to the December quarter, while other projections suggest strong market share and premium pricing potential if demand materializes. Apple’s Foldable iPhone May Contribute $14 Billion
• Positive Sentiment: Morgan Stanley reaffirmed its Overweight rating and set a $360 price target, supporting the view that Apple’s product pipeline and earnings growth can justify its premium valuation. Apple’s services business also continues to benefit from price increases to Apple TV and Apple One. Apple TV Price Hike
• Neutral Sentiment: John Ternus has formally succeeded Tim Cook, while Cook remains executive chairman. The structure provides continuity and preserves Cook’s government and China relationships, but Ternus must prove that a product-focused strategy can improve Apple’s position in AI. Apple Leadership Transition
• Negative Sentiment: Jefferies downgraded Apple to Underperform, reportedly citing the cancellation of an all-glass MacBook or foldable MacBook project and skepticism that the foldable iPhone will be more than a niche product. Jefferies Downgrades Apple
• Negative Sentiment: Apple faces a £2 billion ($2.7 billion) UK lawsuit alleging that its App Tracking Transparency rules unfairly restrict third-party developers while favoring Apple’s own advertising services. BASF has also filed a separate patent lawsuit over face-authentication technology. BASF Patent Lawsuit
• Negative Sentiment: Rising memory-chip costs could lift iPhone production expenses sharply, forcing Apple to raise prices, accept lower margins or risk weaker demand. Analysts remain divided, with DA Davidson maintaining a Neutral rating and a $270 price target. Apple Product and Leadership Outlook
• Negative Sentiment: An Apple senior vice president sold 1,439 shares worth about $456,000. The sale was relatively small, leaving the executive with nearly 35,800 shares, but it may add modestly to near-term investor caution. Apple Insider Trading Filing

Apple Trading Up 1.0%

NASDAQ AAPL opened at $328.21 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market cap of $4.79 trillion, a PE ratio of 37.64, a P/E/G ratio of 2.81 and a beta of 1.08. Apple Inc. has a one year low of $225.95 and a one year high of $344.57. The firm's fifty day moving average is $314.94 and its two-hundred day moving average is $290.13.

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

Apple Announces Dividend

The business also recently disclosed 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. 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 dividend payout ratio is currently 12.39%.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction of $456,177.39. Following the completion of the sale, the senior vice president directly owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. 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 5,872 shares of company stock valued at $1,823,201 over the last ninety days. 0.06% of the stock is owned by insiders.

Apple Company 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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