Apple Inc. $AAPL Shares Sold by ICONIQ Capital LLC

Key Points

• ICONIQ Capital cut its Apple stake by 54.3% in the second quarter, selling 1,749 shares and retaining 1,470 shares valued at approximately $425,000.
• Institutional investors and hedge funds collectively own 67.73% of Apple, with several firms—including Camelot Portfolios, RPg Family Wealth Advisory and Flputnam Investment Management—adding to their positions during the quarter.
• Apple shares opened at $330.32, while analysts maintained a broadly positive outlook with a “Moderate Buy” consensus and an average price target of $340.02; investors nevertheless face risks from rising component costs, AI-driven disruption and a $5.7 billion patent verdict.

ICONIQ Capital LLC lowered its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 54.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,470 shares of the iPhone maker's stock after selling 1,749 shares during the quarter. ICONIQ Capital LLC's holdings in Apple were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Camelot Portfolios LLC increased its holdings in shares of Apple by 53.9% in the 2nd quarter. Camelot Portfolios LLC now owns 6,784 shares of the iPhone maker's stock valued at $1,963,000 after purchasing an additional 2,375 shares during the period. Rothschild Capital Partners LLC lifted its position in shares of Apple by 0.4% in the second quarter. Rothschild Capital Partners LLC now owns 141,322 shares of the iPhone maker's stock worth $40,893,000 after purchasing an additional 496 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its holdings in shares of Apple by 30.0% during the second quarter. RPg Family Wealth Advisory LLC now owns 57,280 shares of the iPhone maker's stock worth $16,575,000 after purchasing an additional 13,206 shares during the period. GTS Securities LLC boosted its holdings in shares of Apple by 4.5% during the second quarter. GTS Securities LLC now owns 184,076 shares of the iPhone maker's stock worth $53,264,000 after purchasing an additional 7,874 shares during the period. Finally, Flputnam Investment Management Co. grew its position in Apple by 13.0% during the second quarter. Flputnam Investment Management Co. now owns 1,045,570 shares of the iPhone maker's stock valued at $302,546,000 after purchasing an additional 120,655 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related 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 completion of the sale, the senior vice president directly owned 41,992 shares in the company, valued at approximately $14,116,870.56. The trade was a 5.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 13,430 shares of company stock valued at $4,342,255. 0.06% of the stock is currently owned by company insiders.

Key Apple News

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

Apple Trading Down 0.8%

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 capitalization of $4.82 trillion, a PE ratio of 37.88, a P/E/G ratio of 2.89 and a beta of 1.07. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. The firm has a fifty day moving average price of $322.14 and a 200 day moving average price of $299.78.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period last 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 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is presently 12.39%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. UBS Group restated a "buy" rating on shares of Apple in a report on Thursday, September 17th. Argus upped their price target on shares of Apple from $325.00 to $375.00 in a research note on Monday, June 8th. The Goldman Sachs Group assumed coverage on Apple in a report on Monday, August 17th. They set a "buy" rating for the company. Finally, Daiwa Securities Group lifted their price objective on Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $340.02.

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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