Apple Inc. $AAPL Shares Sold by Jackson Wealth Management LLC

Key Points

• Jackson Wealth Management cut its Apple stake by 92.4% in the second quarter, selling 187,864 shares and retaining 15,419 shares worth approximately $4.46 million.
• Institutional investors own 67.73% of Apple, while analyst sentiment remains favorable with a consensus “Moderate Buy” rating and an average price target of $340.02.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, but investors face risks from rising component costs, potential AI-driven pressure on the App Store, and a $5.7 billion patent verdict.

Jackson Wealth Management LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 92.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,419 shares of the iPhone maker's stock after selling 187,864 shares during the period. Apple makes up 2.6% of Jackson Wealth Management LLC's investment portfolio, making the stock its 8th biggest holding. Jackson Wealth Management LLC's holdings in Apple were worth $4,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Berkshire Hathaway Inc acquired a new stake in Apple in the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple during the second quarter worth approximately $36,986,090,000. Legal & General Group Plc bought a new stake in Apple during the 2nd quarter valued at $30,443,242,000. Nuveen LLC increased its stake in Apple by 3.8% during the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock valued at $20,389,750,000 after purchasing an additional 2,725,121 shares in the last quarter. Finally, Amundi raised its holdings in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after buying an additional 13,780,080 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Apple News Summary

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. China Renaissance lowered shares of Apple from a "buy" rating to a "hold" rating and dropped their price objective for the company from $329.00 to $280.00 in a research note on Tuesday, August 4th. KGI Securities lowered shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price on the stock. in a report on Monday, June 22nd. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Apple in a research note on Monday, September 21st. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $303.00 target price on shares of Apple in a report on Thursday, September 10th. One equities 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.02.

Apple Stock Up 1.0%

AAPL opened at $333.69 on Friday. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34. The company's 50-day moving average price is $322.16 and its two-hundred day moving average price is $300.01. The stock has a market cap of $4.87 trillion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.63 and a beta of 1.07. 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 (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 company had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. Apple's revenue was up 16.4% on a year-over-year basis. As a group, equities analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio is 12.39%.

Insiders Place Their Bets

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 transaction of $806,495.82. Following the completion of the transaction, the senior vice president owned 41,992 shares in the company, valued at $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 13,430 shares of company stock worth $4,342,255 in the last three months. 0.06% of the stock is owned by company insiders.

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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