Armstrong Henry H Associates Inc. Has $16.39 Million Stock Position in Apple Inc. $AAPL

Key Points

• Armstrong Henry H Associates reduced its Apple position by 3% in the second quarter, selling 1,753 shares. It still held 56,648 shares worth approximately $16.39 million, representing 1.6% of its portfolio.
• Institutional investors collectively own 67.73% of Apple, while insiders own just 0.06%; insiders sold about $919,567 of stock over the past three months.
• Apple recently beat quarterly earnings and revenue estimates, and analysts maintain a “Moderate Buy” consensus with a $330.53 price target. However, concerns remain about slowing App Store commission revenue, incremental product upgrades and execution risks tied to the CEO transition and AI spending.

Armstrong Henry H Associates Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 56,648 shares of the iPhone maker's stock after selling 1,753 shares during the period. Apple makes up approximately 1.6% of Armstrong Henry H Associates Inc.'s holdings, making the stock its 9th largest position. Armstrong Henry H Associates Inc.'s holdings in Apple were worth $16,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lifetime Wealth Management P.C. purchased a new position in shares of Apple in the 4th quarter worth about $41,000. ROSS JOHNSON & Associates LLC grew its position in 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 last quarter. LSV Asset Management bought a new stake in Apple during the 4th quarter valued at about $65,000. Timmons Wealth Management LLC purchased a new position in Apple in the fourth quarter worth about $69,000. Finally, Inspire Investing LLC bought a new position in shares of Apple in the fourth quarter worth approximately $76,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total value of $442,478.11. Following the transaction, the senior vice president directly owned 38,668 shares in the company, valued at approximately $11,890,023.32. This trade represents a 3.59% 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. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% 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. In the last three months, insiders sold 2,994 shares of company stock worth $919,567. 0.06% of the stock is currently owned by insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is increasingly viewed as a defensive Big Tech holding because it relies less on massive AI infrastructure spending than peers. Analysts also describe the company as an underappreciated AI beneficiary, supporting demand for the stock during technology-sector volatility. Apple Holds Firm as Investors Seek Big Tech's Defensive Outlier
• Positive Sentiment: Upcoming product catalysts—including a potential foldable iPhone, camera-equipped AI AirPods targeted for 2027, new Apple silicon and expanded Siri AI capabilities—could support a stronger product cycle. One analyst estimates foldable iPhone sales could reach 14 million units by 2027. Apple’s Foldable iPhone Opportunity
• Positive Sentiment: Bank of America reiterated a Buy rating ahead of incoming CEO John Ternus’s September 1 transition, while Redburn upgraded Apple. The bullish case centers on renewed innovation and stronger AI investment under new leadership. Apple Must Relearn How to Surprise Under New CEO Ternus
• Positive Sentiment: Apple and Samsung are gaining share in India as higher chip costs pressure lower-priced Chinese smartphone competitors, potentially improving Apple’s premium-market opportunity. Chip Squeeze Hits Chinese Smartphones in India
• Neutral Sentiment: Senior Vice President Jennifer Newstead sold 1,439 shares for approximately $442,000, reducing her holdings by 3.59%. The transaction was disclosed in an SEC filing but is relatively small compared with her remaining stake.
• Negative Sentiment: Investors remain concerned that Apple has become predictable and dependent on incremental improvements. The CEO transition creates execution risk, with Ternus expected to decide whether to materially increase spending to compete in AI. Apple Has Gotten Too Predictable
• Negative Sentiment: Reports that App Store commission revenue declined 18%, alongside continuing legal and regulatory challenges, raise questions about the durability of Apple’s high-margin Services growth. Apple’s App Store Commission Revenue Reportedly Drops

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AAPL. Tigress Financial reissued a "strong-buy" rating and set a $375.00 price target (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Raymond James Financial reiterated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. JPMorgan Chase & Co. decreased their price target on Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada set a $365.00 price objective on Apple in a research report on Wednesday, July 15th. Finally, Bank of America reiterated a "buy" rating and issued a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $330.53.

Apple Stock Down 1.7%

Apple stock opened at $311.30 on Friday. The stock has a market cap of $4.54 trillion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a one year low of $223.78 and a one year high of $344.57. The stock has a fifty day moving average of $310.26 and a 200 day moving average of $286.89.

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, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for 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 for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.57 earnings per share. As a group, sell-side analysts predict that Apple Inc. will post 8.76 EPS for the current year.

Apple Dividend Announcement

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

Apple Profile

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.

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