Apple Inc. $AAPL Shares Sold by Kingsbury Capital Investment Advisors LLC

Key Points

• Kingsbury Capital reduced its Apple position by 7.5% in the second quarter, selling 2,177 shares and retaining 26,882 shares valued at $7.8 million. Apple remains the firm’s second-largest holding and represents 6.6% of its portfolio.
• Institutional investors own 67.73% of Apple, while insiders sold $92.9 million worth of shares over the past 90 days, primarily to cover tax obligations tied to equity awards.
• Apple faces mixed investor signals: potential upside from artificial intelligence and smart-home products contrasts with concerns about weaker premium iPhone demand, elevated valuation and margin pressure. The stock opened at $336.64, while analysts maintain a “Moderate Buy” consensus with a $340.02 average price target.

Kingsbury Capital Investment Advisors LLC cut its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,882 shares of the iPhone maker's stock after selling 2,177 shares during the quarter. Apple comprises 6.6% of Kingsbury Capital Investment Advisors LLC's investment portfolio, making the stock its 2nd biggest position. Kingsbury Capital Investment Advisors LLC's holdings in Apple were worth $7,779,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc purchased a new stake in shares of Apple in the 2nd quarter valued at about $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple during the second quarter worth about $36,986,090,000. Legal & General Group Plc bought a new position in shares of Apple in the second quarter worth approximately $30,443,242,000. Deutsche Bank AG bought a new position in shares of Apple in the second quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Apple in the second quarter valued at approximately $10,588,946,000. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O'brien sold 46,389 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the transaction, the senior vice president directly owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of Apple stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares of the company's stock, valued at approximately $19,832,236.98. This represents a 29.90% 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 sold 279,383 shares of company stock valued at $92,912,517 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Potential AI upside: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by monetizing its more than 2.5 billion active devices and Services ecosystem. He estimates AI could add approximately $75 per share to the company’s value. Apple Could Be the Toll Collector of Consumer AI
• Positive Sentiment: Smart-home expansion: Apple’s planned October 13 “Welcome Home” event could introduce products such as a smart lock, thermostat and doorbell. The initiative may expand Apple’s hardware and Services opportunities and strengthen its position against Amazon and Google. Apple Smart Home Push
• Neutral Sentiment: Possible seasonal order adjustment: Bespoke Investment Group noted that Apple’s autumn iPhone order reductions have occurred in prior years and have sometimes been followed by a stock recovery. Investors will look for evidence that the latest cuts reflect normal supply-chain management rather than lasting demand weakness. Apple’s iPhone Order Cut and Stock Rebound
• Negative Sentiment: iPhone demand concerns: Nikkei Asia reported that Apple asked suppliers to cut iPhone 18 Pro component production, raising concerns that premium pricing is discouraging consumers. The reports are particularly important because Apple is preparing to pursue an even higher-priced product strategy, including a rumored $1,999 foldable iPhone. Apple Cuts iPhone 18 Pro Orders Due to Soft Demand
• Negative Sentiment: Valuation and execution risks: Apple’s elevated earnings multiple leaves less room for disappointment, while higher memory costs could pressure margins. A recent senior vice president stock sale was relatively small but adds to near-term caution. Apple Senior Vice President Stock Sale

Apple Stock Down 1.1%

AAPL stock opened at $336.64 on Friday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The company has a market capitalization of $4.91 trillion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 2.71 and a beta of 1.07. The business's 50 day moving average price is $322.61 and its two-hundred day moving average price is $302.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during 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 firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. As a group, analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued 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%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAPL. HSBC reaffirmed a "buy" rating and set a $366.00 price objective on shares of Apple in a report on Tuesday, September 8th. Loop Capital set a $380.00 price target on Apple in a research note on Friday, September 18th. China Renaissance lowered Apple from a "buy" rating to a "hold" rating and cut their target price for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. DZ Bank cut shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price target on the stock. in a research report on Tuesday, August 4th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $270.00 price objective on shares of Apple in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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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