Apple Inc. $AAPL Stake Decreased by Leo H. Evart Inc.

Key Points

• Leo H. Evart Inc. cut its Apple stake by 14.9% in the second quarter, selling 1,989 shares and retaining 11,373 shares valued at approximately $3.29 million.
• Institutional investors own 67.73% of Apple, while analyst sentiment remains favorable with a “Moderate Buy” consensus and an average price target of $340.02.
• Apple reported quarterly revenue of $109.42 billion and EPS of $2.02, exceeding estimates, though investors face risks from a $5.7 billion patent verdict, rising component costs and potential pressure on its services business from competing AI agents.

Leo H. Evart Inc. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 14.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 11,373 shares of the iPhone maker's stock after selling 1,989 shares during the period. Apple makes up 2.6% of Leo H. Evart Inc.'s investment portfolio, making the stock its 11th biggest position. Leo H. Evart Inc.'s holdings in Apple were worth $3,291,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC increased its stake in Apple by 1.3% in the second quarter. Strengthening Families & Communities LLC now owns 56,117 shares of the iPhone maker's stock valued at $16,238,000 after acquiring an additional 739 shares during the last quarter. Greenspring Advisors LLC lifted its stake in Apple by 7.5% during the second quarter. Greenspring Advisors LLC now owns 66,729 shares of the iPhone maker's stock worth $19,309,000 after purchasing an additional 4,665 shares during the last quarter. Mayport LLC boosted its holdings in shares of Apple by 0.4% in the 2nd quarter. Mayport LLC now owns 32,951 shares of the iPhone maker's stock worth $9,535,000 after purchasing an additional 126 shares in the last quarter. Rodgers & Associates LTD boosted its holdings in shares of Apple by 0.8% in the 2nd quarter. Rodgers & Associates LTD now owns 6,370 shares of the iPhone maker's stock worth $1,843,000 after purchasing an additional 50 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Apple in the 2nd quarter valued at $1,831,721,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Apple

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AAPL. CICC Research lifted their target price on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. Royal Bank Of Canada set a $365.00 target price on Apple in a report on Wednesday, July 15th. KGI Securities cut Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target on the stock. in a research note on Monday, June 22nd. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Apple in a research report on Monday, September 21st. Finally, Evercore set a $380.00 price target on shares of Apple and gave the company an "outperform" rating in a research report on Friday, September 18th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $340.02.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the transaction, the senior vice president directly owned 41,992 shares in the company, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 13,430 shares of company stock worth $4,342,255 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

Apple stock opened at $333.69 on Monday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The stock's 50 day simple moving average is $322.16 and its two-hundred day simple moving average is $300.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The stock has a market cap of $4.87 trillion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.66 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $1.57 EPS. As a group, analysts expect that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

About Apple

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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