Apple Inc. $AAPL Shares Sold by Hollencrest Capital Management

Key Points

• Hollencrest Capital Management cut its Apple stake by 91.9% in the second quarter, selling 959,107 shares and retaining 84,190 shares valued at approximately $24.4 million.
• Other institutional investors—including Royal London Asset Management and MUFG Securities Americas—expanded their Apple holdings, with institutions and hedge funds collectively owning 67.73% of the stock.
• Apple maintains a “Moderate Buy” consensus rating with a $340.02 average price target. The company recently exceeded quarterly earnings and revenue estimates, although analysts cited rising component costs, patent-related liabilities and potential AI disruption as risks.

Hollencrest Capital Management reduced its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 91.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,190 shares of the iPhone maker's stock after selling 959,107 shares during the quarter. Apple comprises 1.6% of Hollencrest Capital Management's holdings, making the stock its 15th largest holding. Hollencrest Capital Management's holdings in Apple were worth $24,361,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital Advisors Inc. OK grew its stake in Apple by 0.4% in the second quarter. Capital Advisors Inc. OK now owns 882,325 shares of the iPhone maker's stock valued at $255,310,000 after acquiring an additional 3,851 shares during the period. Trustmark Bank Trust Department increased its holdings in shares of Apple by 3.6% during the second quarter. Trustmark Bank Trust Department now owns 107,001 shares of the iPhone maker's stock valued at $30,962,000 after acquiring an additional 3,735 shares in the last quarter. New Mexico Educational Retirement Board raised its position in shares of Apple by 7.4% during the second quarter. New Mexico Educational Retirement Board now owns 730,545 shares of the iPhone maker's stock worth $211,391,000 after purchasing an additional 50,181 shares during the period. Royal London Asset Management Ltd. lifted its holdings in shares of Apple by 3.6% in the 2nd quarter. Royal London Asset Management Ltd. now owns 10,335,156 shares of the iPhone maker's stock worth $2,990,581,000 after purchasing an additional 355,942 shares in the last quarter. Finally, Mufg Securities Americas Inc. grew its position in Apple by 8.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 442,363 shares of the iPhone maker's stock valued at $128,002,000 after purchasing an additional 36,213 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new fall product cycle is supporting revenue expectations. Morgan Stanley modestly raised its revenue forecast following the product launches, while Counterpoint expects approximately 6 million units of Apple’s $1,999 iPhone Duo foldable to be sold this year. Strong early iPhone 18 Pro demand in China—up 12% year over year during launch week—also supports near-term sales momentum. Apple’s Fall Product Cycle Could Support Revenue Growth
• Positive Sentiment: Apple is expanding its ecosystem beyond the iPhone. Health-focused Apple Watch features, including a health-age metric and Readiness score, could help defend its wearables lead, while a planned October 13 smart-home event may introduce a new hub centered on Siri and Apple Intelligence. Apple Is Betting Improved Heart and Health Insights Will Boost Watch Sales
• Neutral Sentiment: Morgan Stanley lowered its Apple price target to $355 from $360 but retained an Overweight rating. Analysts cited higher memory and component costs and potential iPhone pricing pressure, which largely offset the benefit from stronger product revenue. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury ordered Apple to pay $5.7 billion over Taptic Engine patent claims, raising concerns about additional royalties and pressure on hardware margins. The company also faces a UK marketplace class action. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain concerned that AI agents such as Meta’s Muse could bypass Apple’s App Store and weaken its high-margin services ecosystem. Analysts said Apple’s product roadmap is attractive but lacks a clear catalyst after its recent rally. Apple Stock’s Upside May Be Limited as AI Agents Could Disrupt Business
• Negative Sentiment: Apple SVP Jennifer Newstead sold 2,399 shares worth approximately $806,496, reducing her holdings by 5.4%. The sale is relatively small compared with her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Analyst Ratings Changes

Several research analysts have weighed in on AAPL shares. Wells Fargo & Company restated an "overweight" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. Bank of America reiterated a "buy" rating and set a $370.00 price objective on shares of Apple in a report on Wednesday, September 23rd. Raymond James Financial reissued a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Argus upped their target price on shares of Apple from $325.00 to $375.00 in a report on Monday, June 8th. Finally, KGI Securities cut shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target on the stock. in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two 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 $340.02.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the sale, the senior vice president 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 13,430 shares of company stock valued at $4,342,255. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $330.32 on Friday. 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 stock has a market cap of $4.82 trillion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 2.89 and a beta of 1.07. The stock's fifty day simple moving average is $322.14 and its two-hundred day simple moving average is $299.78. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during 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 was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 EPS. As a group, analysts forecast that Apple Inc. will post 8.74 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 given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

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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