Apple Inc. $AAPL Shares Sold by Resolute Advisors LLC

Key Points

• Resolute Advisors LLC cut its Apple stake by 77.1% in the second quarter, selling 5,976 shares and retaining 1,775 shares valued at approximately $514,000.
• Institutional investors and hedge funds own 67.73% of Apple, with Berkshire Hathaway, Bank of America, Legal & General, Nuveen and Amundi among major holders that added or initiated positions.
• Apple reported strong quarterly results, with revenue up 16.4% year over year and EPS exceeding estimates, but investors face risks from rising component costs, potential AI disruption to services, and a $5.7 billion patent verdict.

Resolute Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 77.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,775 shares of the iPhone maker's stock after selling 5,976 shares during the period. Resolute Advisors LLC's holdings in Apple were worth $514,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc bought a new position in shares of Apple during the 2nd quarter worth approximately $65,950,297,000. Bank of America Corp DE acquired a new stake in Apple in the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc bought a new stake in Apple in the second quarter valued at $30,443,242,000. Nuveen LLC grew its position in Apple by 3.8% in the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock valued at $20,389,750,000 after acquiring an additional 2,725,121 shares during the period. Finally, Amundi raised its stake 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 acquiring an additional 13,780,080 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

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

Apple Price Performance

Shares of AAPL stock opened at $333.69 on Friday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. The firm's 50 day moving average is $322.16 and its 200-day moving average is $300.01. The firm has a market capitalization of $4.87 trillion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.66 and a beta of 1.07. 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 released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. Apple's revenue was up 16.4% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on AAPL. Maxim Group lifted their price objective on Apple from $350.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 31st. The Goldman Sachs Group initiated coverage on shares of Apple in a report on Monday, August 17th. They issued a "buy" rating on the stock. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a research report on Wednesday, September 9th. Barclays restated an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Finally, KeyCorp reaffirmed an "underweight" rating on shares of Apple in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $340.02.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president owned 41,992 shares in the company, valued at $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 13,430 shares of company stock valued at $4,342,255. 0.06% of the stock is currently owned by company insiders.

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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