Apple Inc. $AAPL Stock Position Cut by Amundi

Key Points

• Amundi reduced its Apple position by 3.2% in the second quarter, selling 2.32 million shares. It still held 70.76 million shares worth approximately $20.47 billion, making Apple 5% of its portfolio and its second-largest holding.
• Institutional investors own 67.73% of Apple, while insiders own 0.06%; CEO Tim Cook and SVP Jennifer Newstead recently sold shares, with Cook’s transaction primarily covering tax obligations tied to equity awards.
• Analysts maintain a generally positive outlook, with Apple receiving a consensus “Moderate Buy” rating and a $340.02 target price. The company recently exceeded quarterly earnings and revenue expectations, though concerns remain about valuation and potential iPhone demand weakness.

Amundi lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,758,208 shares of the iPhone maker's stock after selling 2,324,408 shares during the quarter. Apple makes up 5.0% of Amundi's holdings, making the stock its 2nd largest holding. Amundi owned about 0.48% of Apple worth $20,474,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Berkshire Hathaway Inc purchased a new stake in 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 approximately $36,986,090,000. Legal & General Group Plc bought a new stake in shares of Apple during the second quarter valued at approximately $30,443,242,000. Nuveen LLC raised its stake in shares of Apple by 3.8% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Apple by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock valued at $14,858,200,000 after purchasing an additional 979,832 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $332.01, for a total transaction of $796,491.99. Following the completion of the sale, the senior vice president owned 39,593 shares in the company, valued at approximately $13,145,271.93. This represents a 5.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timothy D. Cook sold 191,753 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares of the company's stock, valued at $1,086,837,377.28. The trade was a 5.55% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 279,383 shares of company stock valued at $92,912,517 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on AAPL. UBS Group restated a "neutral" rating on shares of Apple in a report on Tuesday. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Friday, September 25th. JPMorgan Chase & Co. reissued a "buy" rating on shares of Apple in a research report on Monday, September 21st. KGI Securities lowered 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. Finally, Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus target price of $340.02.

Apple Price Performance

AAPL opened at $336.64 on Friday. The firm has a market capitalization of $4.91 trillion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 2.71 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business's 50-day moving average is $322.61 and its two-hundred day moving average is $302.99. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34.

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 during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Research analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Apple News Summary

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

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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