Apple Inc. $AAPL Shares Sold by Intelligence Driven Advisers LLC

Key Points

• Intelligence Driven Advisers LLC reduced its Apple position by 5.8% in the first quarter, selling 4,114 shares and retaining 66,919 shares valued at approximately $17.0 million. Institutional investors collectively own 67.73% of Apple.
• Apple recently exceeded quarterly expectations, reporting $2.02 in EPS and $109.42 billion in revenue, up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, payable August 13.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $328.60, although some downgrades cite potential production challenges, rising memory costs and pressure on future margins.

Intelligence Driven Advisers LLC cut its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,919 shares of the iPhone maker's stock after selling 4,114 shares during the quarter. Apple accounts for about 3.0% of Intelligence Driven Advisers LLC's holdings, making the stock its 9th biggest holding. Intelligence Driven Advisers LLC's holdings in Apple were worth $16,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in Apple in the 4th quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the period. Timmons Wealth Management LLC acquired a new position in shares of Apple during the fourth quarter worth $69,000. LSV Asset Management bought a new stake in shares of Apple in the fourth quarter worth $65,000. Finally, Inspire Investing LLC acquired a new stake in Apple in the fourth quarter valued at $76,000. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

NASDAQ:AAPL opened at $308.26 on Tuesday. 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 twelve month low of $223.78 and a twelve month high of $344.57. The company has a fifty day moving average of $309.49 and a 200-day moving average of $283.86. The firm has a market capitalization 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.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping 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 business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same period last year, the company posted $1.57 earnings per share. The business's quarterly revenue was up 16.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be paid a $0.27 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple's dividend payout ratio (DPR) is currently 12.39%.

Insider Buying and Selling

In related news, insider Ben Borders sold 116 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 insiders.

Key Stories Impacting 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

Several brokerages recently issued reports on AAPL. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Phillip Securities cut Apple from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 3rd. KGI Securities downgraded Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective for the company. in a research report on Monday, June 22nd. Bank of America reaffirmed a "buy" rating and issued a $380.00 price objective on shares of Apple in a research note on Thursday, June 18th. Finally, TD Cowen upped their target price on Apple from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. One research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average price target of $328.60.

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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