Apple Inc. $AAPL Stock Sold by Allen Mooney & Barnes Investment Advisors LLC

Key Points

• Allen Mooney & Barnes Investment Advisors cut its Apple position by 10.6%, selling 14,140 shares and retaining 119,343 shares valued at approximately $34.5 million. Apple remains the firm’s largest holding and represents 5.2% of its portfolio.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations, while revenue rose 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $340.02, though concerns include Apple’s elevated valuation, potential hardware-margin pressure, AI competition and a $5.7 billion patent verdict.

Allen Mooney & Barnes Investment Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,343 shares of the iPhone maker's stock after selling 14,140 shares during the quarter. Apple comprises about 5.2% of Allen Mooney & Barnes Investment Advisors LLC's investment portfolio, making the stock its largest position. Allen Mooney & Barnes Investment Advisors LLC's holdings in Apple were worth $34,533,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Avenir Tech Ltd bought a new position in Apple during the 2nd quarter valued at about $29,000. Longfellow Investment Management Co. LLC purchased a new stake in Apple in the 2nd quarter worth about $30,000. Lifetime Wealth Management P.C. bought a new stake in Apple in the fourth quarter worth about $41,000. ABS Investment Management LLC bought a new stake in Apple in the second quarter worth about $376,168,000. Finally, Basso Capital Management L.P. purchased a new position in shares of Apple during the fourth quarter valued at approximately $88,000. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

AAPL opened at $333.69 on Monday. The stock's fifty day moving average is $322.16 and its two-hundred day moving average is $300.35. The company has a market capitalization of $4.87 trillion, a P/E ratio of 38.27, a PEG ratio of 2.66 and a beta of 1.07. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping 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 analysts' expectations of $109.04 billion. During the same period in the prior year, the business earned $1.57 EPS. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. Analysts forecast that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley set a $355.00 target price on Apple and gave the company an "overweight" rating in a research note on Thursday. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Evercore set a $380.00 price objective on Apple and gave the company an "outperform" rating in a research report on Friday, September 18th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a research report on Wednesday, September 9th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research note on Friday, September 25th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $340.02.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company'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. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 13,430 shares of company stock worth $4,342,255 in the last ninety days. 0.06% of the stock is owned by corporate insiders.

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

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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