Apple Inc. $AAPL Shares Sold by Hoffman Alan N Investment Management

Key Points

• Hoffman Alan N Investment Management reduced its Apple position by 0.7%, selling 2,019 shares and retaining 307,561 shares valued at approximately $89 million. Apple remains the firm’s largest holding, representing 52.6% of its portfolio.
• Institutional investors own 67.73% of Apple, while analyst sentiment remains broadly positive with a consensus “Moderate Buy” rating and an average price target of $340.02, despite mixed recommendations ranging from “Overweight” to “Underweight.”
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, beating estimates and posting 16.4% year-over-year revenue growth. The company also declared a quarterly dividend of $0.27 per share, while concerns include a patent verdict, rising component costs and potential pressure on its services business from AI competitors.

Hoffman Alan N Investment Management trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 307,561 shares of the iPhone maker's stock after selling 2,019 shares during the quarter. Apple accounts for 52.6% of Hoffman Alan N Investment Management's investment portfolio, making the stock its largest holding. Hoffman Alan N Investment Management's holdings in Apple were worth $88,996,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AdviceOne Advisory Services LLC grew its position in Apple by 1.8% in the 2nd quarter. AdviceOne Advisory Services LLC now owns 14,638 shares of the iPhone maker's stock valued at $4,236,000 after purchasing an additional 259 shares during the period. Paladin Wealth LLC raised its holdings in Apple by 0.6% during the second quarter. Paladin Wealth LLC now owns 12,155 shares of the iPhone maker's stock worth $3,517,000 after buying an additional 71 shares during the last quarter. FFG Retirement Advisors LLC acquired a new position in Apple during the second quarter worth $207,000. Financial Management Professionals Inc. raised its holdings in Apple by 9.0% during the second quarter. Financial Management Professionals Inc. now owns 28,077 shares of the iPhone maker's stock worth $8,124,000 after buying an additional 2,329 shares during the last quarter. Finally, First Bank & Trust lifted its stake in shares of Apple by 0.9% in the second quarter. First Bank & Trust now owns 63,064 shares of the iPhone maker's stock valued at $18,248,000 after buying an additional 585 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AAPL. Weiss Ratings downgraded shares of Apple from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 18th. Maxim Group boosted their price target on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 31st. BTIG Research began coverage on Apple in a report on Monday, August 17th. They set a "neutral" rating for the company. Barclays reissued an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Finally, Piper Sandler started coverage on Apple in a report on Monday, August 17th. They set an "overweight" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.02.

Apple Price Performance

AAPL stock opened at $333.69 on Friday. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34. The stock has a market capitalization of $4.87 trillion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.66 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm's 50-day moving average price is $322.16 and its two-hundred day moving average price is $300.01.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results 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. 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 analyst estimates of $109.04 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.3%. Apple's payout ratio is presently 12.39%.

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares in the company, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 13,430 shares of company stock valued at $4,342,255 in the last 90 days. Corporate insiders own 0.06% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Apple Company 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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