Apple Inc. $AAPL Stock Holdings Cut by Lederer & Associates Investment Counsel CA

Key Points

• Lederer & Associates Investment Counsel CA cut its Apple stake by 5.2% in the second quarter, selling 2,489 shares and retaining 45,733 shares worth approximately $13.2 million. Apple remains the firm’s largest holding, representing about 8.7% of its portfolio.
• Apple reported quarterly EPS of $2.02, surpassing the $1.89 consensus estimate, while revenue rose 16.4% year over year to $109.42 billion. The company also declared a quarterly dividend of $0.27, equivalent to a 0.3% yield.
• Shares opened at $314.58, near their 12-month high, and analysts maintain a “Moderate Buy” consensus with an average price target of $330.53. Potential catalysts include new iPhone products and AI-focused Macs, while elevated valuation, leadership transition and AI-related layoffs pose risks.

Lederer & Associates Investment Counsel CA decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,733 shares of the iPhone maker's stock after selling 2,489 shares during the period. Apple accounts for about 8.7% of Lederer & Associates Investment Counsel CA's holdings, making the stock its biggest position. Lederer & Associates Investment Counsel CA's holdings in Apple were worth $13,233,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Lifetime Wealth Management P.C. purchased a new stake in shares of Apple in the 4th quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC raised its position in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares during the period. LSV Asset Management purchased a new position in shares of Apple in the fourth quarter valued at about $65,000. Timmons Wealth Management LLC bought a new position in shares of Apple during the 4th quarter valued at about $69,000. Finally, Inspire Investing LLC purchased a new position in shares of Apple in the fourth quarter valued at $76,000. Institutional investors own 67.73% of the company's stock.

Apple Trading Up 0.4%

NASDAQ:AAPL opened at $314.58 on Friday. 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 Inc. has a 12-month low of $225.95 and a 12-month high of $344.57. The firm has a market cap of $4.59 trillion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.69 and a beta of 1.09. The stock has a fifty day moving average price of $311.80 and a 200 day moving average price of $288.21.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The firm 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 business's revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. Sell-side analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given 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 dividend payout ratio is presently 12.39%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s September 9 product event will be the first major launch under incoming CEO John Ternus. Investors expect the iPhone 18 lineup, Apple Watch updates and potentially Apple’s first foldable iPhone. IDC reportedly expects more than 10 million foldable iPhone shipments in the first year, creating a potential new growth category. Apple sets Sept. 9 date for next iPhone launch event
• Positive Sentiment: New Mac mini and Mac Studio models using M6 and M5 Ultra chips are being positioned for demanding AI workloads. Improved on-device AI performance could support Mac upgrades and strengthen Apple’s appeal among developers, potentially expanding hardware and services revenue. Apple’s AI Mac Push Could Spark New Opportunities
• Positive Sentiment: Recent iPhone momentum remains constructive: global shipments reportedly rose 13% in the second quarter, aided by iPhone 17 demand and stable pricing. Apple’s latest earnings beat and strong profitability also provide fundamental support for the stock. iPhone Buyers Rush in Before Potential Apple Price Increases
• Neutral Sentiment: The CEO transition is now an immediate catalyst and risk. Ternus’s product-design background may reassure investors, but the rapid succession from leadership change to a major iPhone launch leaves little time to establish credibility.
• Negative Sentiment: Apple is cutting roughly 147–150 positions across Siri, machine-learning and Vision Pro teams while reorganizing around AI. Management may view the reductions as strategic pruning, but investors could interpret them as evidence that Apple’s AI effort and Siri reliability remain behind expectations. Apple’s rare Bay Area layoffs hit Vision Pro and Siri teams amid AI shake-up
• Negative Sentiment: Apple’s valuation leaves less room for disappointment, with a reported price-to-earnings ratio above 36. Analysts and commentators continue to question whether AI growth and future products justify the premium after the stock’s substantial rally.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 shares worth approximately $447,000, reducing her direct holdings by 3.72%. The transaction is small relative to Apple’s market capitalization and may be routine, but insider selling can weigh modestly on sentiment. SEC Form 4 filing

Insider Buying and Selling

In related news, insider Ben Borders sold 116 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following 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 SEC, which is accessible 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 company's stock in a transaction dated Tuesday, August 25th. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 insiders.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. Wells Fargo & Company reiterated an "overweight" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a report on Friday, July 31st. Seaport Research Partners downgraded shares of Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. UBS Group restated a "neutral" rating on shares of Apple in a research note on Friday, July 31st. HSBC raised shares of Apple from a "hold" rating to a "buy" rating and upped their price objective for the company from $260.00 to $366.00 in a report on Thursday, July 16th. Finally, Wedbush reaffirmed an "outperform" rating and set a $400.00 target price on shares of Apple in a report on Friday, June 5th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $330.53.

About Apple

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source