Apple Inc. $AAPL Shares Sold by Key Capital Management INC

Key Points

• Key Capital Management cut its Apple stake by 66% in the second quarter, selling 5,327 shares and retaining 2,749 shares worth approximately $795,000. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Analyst sentiment remains positive overall, with Apple carrying a consensus “Moderate Buy” rating and an average price target of $330.53, despite some neutral and sell ratings.
• Apple reported strong quarterly results, earning $2.02 per share on $109.42 billion in revenue—above expectations—with revenue rising 16.4% year over year. However, concerns remain around its AI strategy, leadership transition, rising device costs and broader market pressure.

Key Capital Management INC trimmed its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 66.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,749 shares of the iPhone maker's stock after selling 5,327 shares during the period. Apple makes up 0.4% of Key Capital Management INC's investment portfolio, making the stock its 21st largest holding. Key Capital Management INC's holdings in Apple were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price objective on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. DA Davidson reiterated a "neutral" rating and set a $270.00 price target on shares of Apple in a research note on Friday, July 31st. Oppenheimer restated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. Phillip Securities cut shares of Apple from a "hold" rating to a "moderate sell" rating in a report on Monday, August 3rd. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average price target of $330.53.

Insider Activity

In related news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total value of $447,457.05. Following the completion of the sale, the senior vice president owned 37,229 shares in the company, valued at $11,576,357.55. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 4,433 shares of company stock valued at $1,367,024 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s leadership handoff could support innovation: Ternus is a longtime hardware executive and product builder, while Cook will remain with Apple as executive chairman. Investors are also looking ahead to the company’s September 9 product event, which could feature new iPhones and other devices. Apple To Begin New Chapter With CEO John Ternus
• Positive Sentiment: Several reports highlight continuing operating strengths, including strong iPhone share, potential gains as global smartphone shipments weaken, robust recent earnings, and increased fiscal-year EPS estimates. Apple’s planned U.S. manufacturing and AI-server investment could also reduce tariff and supply-chain exposure. Global Phone Shipments Drop, but Apple Positioned for Record iOS Market Share Gain
• Neutral Sentiment: Cook’s departure is being viewed as both a successful succession plan and a major test. His final message endorsed Ternus and emphasized continuity, but investors will judge the new CEO quickly based on the fall product cycle, Siri and Apple’s broader AI strategy. John Ternus to lead Apple into the age of AI
• Negative Sentiment: Apple’s AI strategy remains a key concern because it relies substantially on outside partners while rivals are perceived as farther ahead. At the same time, veteran executive Phil Schiller relinquished oversight of the App Store and product events, adding uncertainty during the CEO change. Apple's top App Store executive departs operational roles
• Negative Sentiment: Rising memory costs reportedly prompted significant Mac and iPad price increases, potentially pressuring demand. Apple also disclosed allegations in a trade-secret lawsuit that an OpenAI employee accessed a circuit schematic, creating legal and competitive-risk headlines. Apple alleges OpenAI employee accessed circuit plans
• Negative Sentiment: Monday’s wider market selloff, linked to escalating U.S.-Iran tensions, also weighed on large technology stocks and added pressure to AAPL.

Apple Price Performance

Shares of NASDAQ AAPL opened at $316.85 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The stock has a fifty day moving average price of $312.63 and a 200 day moving average price of $288.83. Apple Inc. has a 1-year low of $225.95 and a 1-year high of $344.57. The company has a market cap of $4.62 trillion, a PE ratio of 36.34, a P/E/G ratio of 2.74 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $109.42 billion for 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%. Apple's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. Sell-side analysts forecast that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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