Apple Inc. $AAPL Shares Sold by KFA Private Wealth Group LLC

Key Points

• KFA Private Wealth Group LLC reduced its Apple holdings by 12.8% in the second quarter, selling 2,649 shares and retaining 17,976 shares valued at approximately $5.2 million.
• Institutional investors and hedge funds collectively own 67.73% of Apple, while recent insider sales totaled 4,433 shares worth about $1.37 million over the past 90 days.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $330.53. Apple’s latest quarterly results exceeded expectations, with earnings of $2.02 per share and revenue of $109.42 billion.

KFA Private Wealth Group LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 12.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,976 shares of the iPhone maker's stock after selling 2,649 shares during the quarter. Apple accounts for approximately 1.3% of KFA Private Wealth Group LLC's portfolio, making the stock its 9th largest position. KFA Private Wealth Group LLC's holdings in Apple were worth $5,202,000 at the end of the most recent quarter.

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

Key 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.

Insider Activity

In related news, insider Ben Borders sold 116 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $310.95, for a total transaction of $447,457.05. Following the sale, the senior vice president owned 37,229 shares of the company's stock, valued at $11,576,357.55. This trade represents a 3.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,433 shares of company stock valued at $1,367,024. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on AAPL shares. Royal Bank Of Canada set a $365.00 target price on Apple in a research report on Wednesday, July 15th. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. Rosenblatt Securities lifted their price objective on shares of Apple from $276.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. DA Davidson reiterated a "neutral" rating and issued a $270.00 target price on shares of Apple in a research note on Friday, July 31st. Finally, Piper Sandler began coverage on shares of Apple in a report on Monday, August 17th. They issued an "overweight" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $330.53.

Apple Stock Performance

Shares of AAPL opened at $316.85 on Tuesday. The stock has a 50 day moving average of $312.63 and a 200 day moving average of $288.83. The company has a market capitalization of $4.62 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 2.74 and a beta of 1.09. Apple Inc. has a 12 month low of $225.95 and a 12 month high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

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, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued 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 payout ratio is 12.39%.

Apple 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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