Apple Inc. $AAPL Shares Sold by Sage Capital Advisors llc

Key Points

• Sage Capital Advisors trimmed its Apple position by 2.0% in the second quarter, selling 2,934 shares and retaining 142,681 shares worth approximately $41.3 million. Apple remains the firm’s largest holding, representing 8.6% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share on revenue of $109.42 billion, exceeding analyst expectations and marking 16.4% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $330.53, although ratings range from “Strong Buy” to “Sell.” The stock traded at $313.45, with a market capitalization of $4.57 trillion and a P/E ratio near 36.

Sage Capital Advisors llc trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 142,681 shares of the iPhone maker's stock after selling 2,934 shares during the quarter. Apple accounts for 8.6% of Sage Capital Advisors llc's holdings, making the stock its biggest position. Sage Capital Advisors llc's holdings in Apple were worth $41,286,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAPL shares. Barclays reissued an "underweight" rating and set a $245.00 price target (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a report on Monday, June 8th. UBS Group reaffirmed a "neutral" rating on shares of Apple in a research report on Friday, July 31st. Phillip Securities lowered Apple from a "hold" rating to a "moderate sell" rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $330.53.

Apple Stock Up 1.1%

AAPL opened at $313.45 on Thursday. Apple Inc. has a 1-year low of $225.95 and a 1-year high of $344.57. The stock's fifty day simple moving average is $311.47 and its 200 day simple moving average is $287.95. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.57 trillion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the firm posted $1.57 EPS. The company's quarterly revenue was up 16.4% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced 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 dividend payout ratio (DPR) is currently 12.39%.

Insider Transactions at Apple

In related news, insider Ben Borders sold 116 shares of Apple 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 sale, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total transaction of $442,478.11. Following the completion of the transaction, the senior vice president owned 38,668 shares in the company, valued at approximately $11,890,023.32. This trade represents a 3.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,994 shares of company stock valued at $919,567. 0.06% of the stock is currently owned by corporate insiders.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone could create a major new growth category. IDC expects Apple to ship more than 10 million foldable iPhones in the first year and over 17 million by 2027. The projections have strengthened expectations that the premium device could reignite iPhone growth and support Apple’s pricing power. IDC foldable iPhone shipment forecast
• Positive Sentiment: Apple confirmed its next iPhone launch for September 9. Analysts expect new iPhones and Apple Watches, with the long-rumored foldable model potentially serving as the event’s headline product. The launch will also be the first major iPhone presentation under incoming CEO John Ternus, increasing investor attention around Apple’s product pipeline. Apple September 9 iPhone event
• Positive Sentiment: New Macs expand Apple’s AI opportunity. The updated Mac mini and Mac Studio use the M6 and M5 Ultra chips, adding faster on-device AI performance and capacity to run larger models locally. This could increase Mac demand among developers and enterprise users while reinforcing Apple’s capital-light approach to artificial intelligence. Apple AI Mac upgrades
• Neutral Sentiment: Analysts remain constructive but acknowledge valuation risk. Apple’s profitability, premium brand and loyal customer base support bullish long-term forecasts, including a $365 price target from Evercore ISI. However, with a market capitalization above $4 trillion and a price-to-earnings ratio near 36, further gains likely depend on strong product execution and sustained earnings growth. Evercore Apple price target
• Negative Sentiment: Higher hardware prices and China-related risks could pressure demand and margins. The new Mac mini starts at $899, while memory and silicon shortages may push prices higher. Apple also continues to rely on Chinese technology partners for certain China-market AI services, exposing it to regulatory and geopolitical uncertainty. Apple Mac pricing and AI strategy

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.

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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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