Apple Inc. $AAPL Shares Sold by Bradley Foster & Sargent Inc. CT

Key Points

• Bradley Foster & Sargent cut its Apple position by 4.9% in the first quarter, selling 53,477 shares and retaining 1.03 million shares valued at approximately $262.6 million. Apple remains the fund’s fourth-largest holding and represents 4.1% of its portfolio.
• Apple reported quarterly adjusted earnings of $2.02 per share on $109.42 billion in revenue, beating analyst expectations and marking 16.4% year-over-year revenue growth. Institutional investors and hedge funds collectively own 67.73% of the stock.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $328.60, although concerns include rising memory costs, potential margin pressure, and a Jefferies downgrade to “Underperform.” Apple also declared a quarterly dividend of $0.27 per share.

Bradley Foster & Sargent Inc. CT reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,034,598 shares of the iPhone maker's stock after selling 53,477 shares during the period. Apple makes up 4.1% of Bradley Foster & Sargent Inc. CT's investment portfolio, making the stock its 4th largest holding. Bradley Foster & Sargent Inc. CT's holdings in Apple were worth $262,571,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AAPL. Rainier Family Wealth Inc. increased its position in 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 stake in shares of Apple by 21.3% during the 1st quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after buying an additional 2,450 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Apple in the 4th quarter valued at approximately $1,178,000. Summit Wealth Partners LLC boosted its stake in shares of Apple by 108.3% in the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock valued at $8,880,000 after buying an additional 18,188 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp purchased a new stake in shares of Apple in the fourth quarter valued at approximately $105,482,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 1.6%

Shares of AAPL stock opened at $308.26 on Tuesday. The stock has a market cap of $4.50 trillion, a P/E ratio of 35.35, a P/E/G ratio of 2.68 and a beta of 1.09. 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 fifty-two week low of $223.78 and a fifty-two week high of $344.57. The business has a fifty day simple moving average of $309.49 and a 200-day simple moving average of $283.86.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate 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 business'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 firm earned $1.57 EPS. On average, analysts forecast 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 will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, August 10th. Apple's dividend payout ratio is 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is testing memory chips from China’s CXMT for some iPhones and MacBooks sold in China. If approved by U.S. authorities, the move could provide an additional supply source and help mitigate shortages caused by surging AI-related demand. Apple tests China's CXMT memory chips
• Positive Sentiment: Some Apple-focused investors, including Deepwater Asset Management’s Gene Munster, argue that the shares remain undervalued and that future iPhone price increases, artificial-intelligence features and a potential upgrade cycle could support longer-term growth. Gene Munster disagrees with Apple downgrade
• Neutral Sentiment: Apple is scheduled to pay a quarterly dividend of $0.27 per share on August 13 to eligible shareholders, providing a modest near-term shareholder return. Apple dividend payment
• Negative Sentiment: Jefferies downgraded Apple from Hold to Underperform and cut its price target to $263.66 from $285.56. Analyst Edison Lee reportedly believes Apple has scrapped a planned all-glass iPhone because of production challenges, removing a potential premium product that could have lifted average selling prices and profitability. Apple could underperform without an all-glass iPhone
• Negative Sentiment: Memory and storage costs are rising sharply amid the AI-driven supply crunch; reports suggest iPhone 18 production costs could increase by roughly 38%. Apple may need to raise prices, risking weaker demand, or absorb the costs, pressuring margins. Apple's iPhone 18 costs could jump 38%
• Negative Sentiment: The CXMT testing also introduces geopolitical and execution risks: U.S. restrictions could limit Apple’s access to the supplier, while CXMT’s capacity and technology may lag established memory manufacturers. These issues add uncertainty to Apple’s supply chain and pricing strategy.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Weiss Ratings upgraded Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 3rd. HSBC raised shares of Apple from a "hold" rating to a "buy" rating and upped their price target for the stock from $260.00 to $366.00 in a research note on Thursday, July 16th. Oppenheimer reiterated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. Maxim Group reissued a "buy" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. Finally, Barclays restated an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $328.60.

Insider Activity at Apple

In other news, insider Ben Borders sold 116 shares of the 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 sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by corporate 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.

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