Apple Inc. $AAPL Shares Sold by Conway Capital Management Inc.

Key Points

• Conway Capital Management reduced its Apple stake by 1.2%, selling 1,815 shares and retaining 145,418 shares valued at approximately $42.1 million. Apple remains the fund’s largest holding, representing 18.7% of its portfolio.
• Institutional ownership remains substantial at 67.73%, with several firms initiating or increasing positions in Apple during the first and second quarters.
• Analysts maintain a generally positive outlook, with Apple carrying a consensus “Moderate Buy” rating and a $340.02 price target. The company recently exceeded quarterly earnings and revenue expectations, while insiders sold shares primarily for tax-withholding obligations.

Conway Capital Management Inc. decreased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 145,418 shares of the iPhone maker's stock after selling 1,815 shares during the period. Apple accounts for about 18.7% of Conway Capital Management Inc.'s holdings, making the stock its largest position. Conway Capital Management Inc.'s holdings in Apple were worth $42,078,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AAPL. Prospect Hill Management LLC bought a new position in Apple in the 2nd quarter worth $146,370,000. Focus Partners Advisor Solutions LLC bought a new stake in Apple during the second quarter valued at about $168,646,000. Baron Silver Stevens Financial Advisors LLC grew its position in shares of Apple by 65.6% in the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 66,717 shares of the iPhone maker's stock valued at $19,305,000 after purchasing an additional 26,418 shares during the last quarter. Rainier Family Wealth Inc. grew its position in shares of Apple by 14.1% in the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after purchasing an additional 3,014 shares during the last quarter. Finally, Eaton Cambridge Inc. increased its stake in shares of Apple by 21.3% in the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after purchasing an additional 2,450 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Jennifer Newstead sold 2,399 shares of the business's 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 transaction, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. This trade represents a 25.32% 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 sold a total of 276,984 shares of company stock valued at $92,116,025 over the last three months. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research analyst reports. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. The Goldman Sachs Group began coverage on Apple in a report on Monday, August 17th. They issued a "buy" rating on the stock. Loop Capital set a $380.00 price target on Apple in a research report on Friday, September 18th. Rosenblatt Securities reiterated a "neutral" rating and set a $303.00 price target on shares of Apple in a report on Thursday, September 10th. Finally, Citigroup reissued a "buy" rating on shares of Apple in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $340.02.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $332.89 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business's fifty day moving average price is $322.08 and its two-hundred day moving average price is $300.90. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The stock has a market capitalization of $4.86 trillion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 2.66 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating 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 company 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 company earned $1.57 EPS. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

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

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned Siri overhaul could help restore investor confidence in its AI capabilities. The bullish case also rests on record Services revenue, a strong iPhone cycle and recent fiscal third-quarter revenue of $109.4 billion, up 16% year over year, with EPS rising 29%. Will Siri Overhaul Help Apple Restore Its AI Credibility?
• Positive Sentiment: Apple is tightening Mac full-disk access controls to make AI-agent data requests more visible to users. The move may strengthen the company’s privacy differentiation as concerns grow about autonomous AI tools accessing personal information. Apple Makes It Tougher for AI Agents to Access Macs
• Neutral Sentiment: CEO John Ternus, SVP Deirdre O’Brien and insider Timothy Cook collectively sold approximately $87.8 million of AAPL shares. Each filing said the transactions covered tax-withholding obligations tied to vested equity awards, making them less indicative of a negative outlook, although the sales may add short-term headline pressure. Apple Insider Filing
• Neutral Sentiment: Counterpoint expects roughly 6 million sales of Apple’s high-priced iPhone Duo this year, potentially representing at least $12 billion in hardware revenue. However, the late launch window and limited volume are not expected to materially change the broader AAPL investment case. Analyst Sees 6 Million iPhone Duo Sales
• Negative Sentiment: Investors remain concerned that Apple is behind rivals in AI monetization and execution. Comparisons suggesting Microsoft could surpass Apple in market value by 2027 reinforce worries that AAPL’s premium valuation requires substantial AI progress. Microsoft Could Become More Valuable Than Apple
• Negative Sentiment: More restrictive Mac permissions could reduce the usefulness of AI agents or create friction for developers, potentially complicating Apple’s effort to make its ecosystem a leading AI platform. With AAPL trading at a relatively high earnings multiple, execution concerns may weigh more heavily on the stock.

Apple Profile

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.

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