Apple Inc. $AAPL Stock Sold by Okabena Investment Services Inc.

Key Points

• Okabena Investment Services cut its Apple stake by 22.8% in the second quarter, selling 14,390 shares and retaining 48,837 shares worth approximately $14.1 million. Institutional investors overall own 67.73% of Apple.
• Analysts maintain a generally positive view, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $340.02, despite some concerns about component costs and pricing pressure.
• Apple reported stronger-than-expected quarterly results, with revenue rising 16.4% year over year to $109.42 billion, while its stock traded down 0.8% and an executive separately sold approximately $806,496 in shares.

Okabena Investment Services Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 22.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,837 shares of the iPhone maker's stock after selling 14,390 shares during the period. Apple accounts for 2.5% of Okabena Investment Services Inc.'s portfolio, making the stock its 11th largest holding. Okabena Investment Services Inc.'s holdings in Apple were worth $14,131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AAPL. Spinnaker Trust grew its position in shares of Apple by 2.3% during the 2nd quarter. Spinnaker Trust now owns 228,303 shares of the iPhone maker's stock valued at $66,062,000 after acquiring an additional 5,123 shares during the period. Capital Advisors Inc. OK raised its holdings in Apple by 0.4% in the 2nd quarter. Capital Advisors Inc. OK now owns 882,325 shares of the iPhone maker's stock worth $255,310,000 after purchasing an additional 3,851 shares during the period. Trustmark Bank Trust Department raised its holdings in Apple by 3.6% in the 2nd quarter. Trustmark Bank Trust Department now owns 107,001 shares of the iPhone maker's stock worth $30,962,000 after purchasing an additional 3,735 shares during the period. New Mexico Educational Retirement Board lifted its position in Apple by 7.4% during the second quarter. New Mexico Educational Retirement Board now owns 730,545 shares of the iPhone maker's stock valued at $211,391,000 after purchasing an additional 50,181 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in Apple by 3.6% during the second quarter. Royal London Asset Management Ltd. now owns 10,335,156 shares of the iPhone maker's stock valued at $2,990,581,000 after purchasing an additional 355,942 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the sale, the senior vice president owned 41,992 shares of the company's stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 13,430 shares of company stock worth $4,342,255. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AAPL has been the topic of several recent research reports. BTIG Research started coverage on Apple in a research note on Monday, August 17th. They issued a "neutral" rating on the stock. UBS Group reissued a "buy" rating on shares of Apple in a report on Thursday, September 17th. Barclays restated an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research note on Friday, July 31st. DA Davidson reaffirmed a "neutral" rating and set a $270.00 price target on shares of Apple in a report on Wednesday, September 2nd. Finally, Citigroup reiterated a "buy" rating on shares of Apple in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average price target of $340.02.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new fall product cycle is supporting revenue expectations. Morgan Stanley modestly raised its revenue forecast following the product launches, while Counterpoint expects approximately 6 million units of Apple’s $1,999 iPhone Duo foldable to be sold this year. Strong early iPhone 18 Pro demand in China—up 12% year over year during launch week—also supports near-term sales momentum. Apple’s Fall Product Cycle Could Support Revenue Growth
• Positive Sentiment: Apple is expanding its ecosystem beyond the iPhone. Health-focused Apple Watch features, including a health-age metric and Readiness score, could help defend its wearables lead, while a planned October 13 smart-home event may introduce a new hub centered on Siri and Apple Intelligence. Apple Is Betting Improved Heart and Health Insights Will Boost Watch Sales
• Neutral Sentiment: Morgan Stanley lowered its Apple price target to $355 from $360 but retained an Overweight rating. Analysts cited higher memory and component costs and potential iPhone pricing pressure, which largely offset the benefit from stronger product revenue. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury ordered Apple to pay $5.7 billion over Taptic Engine patent claims, raising concerns about additional royalties and pressure on hardware margins. The company also faces a UK marketplace class action. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain concerned that AI agents such as Meta’s Muse could bypass Apple’s App Store and weaken its high-margin services ecosystem. Analysts said Apple’s product roadmap is attractive but lacks a clear catalyst after its recent rally. Apple Stock’s Upside May Be Limited as AI Agents Could Disrupt Business
• Negative Sentiment: Apple SVP Jennifer Newstead sold 2,399 shares worth approximately $806,496, reducing her holdings by 5.4%. The sale is relatively small compared with her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Apple Trading Down 0.8%

Apple stock opened at $330.32 on Friday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. The firm's 50 day moving average price is $322.14 and its 200-day moving average price is $299.78. 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 stock has a market cap of $4.82 trillion, a P/E ratio of 37.88, a PEG ratio of 2.89 and a beta of 1.07.

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 analysts' consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. 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 currently 12.39%.

Apple Company 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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