Asset Management Group Inc. Sells 3,800 Shares of Apple Inc. $AAPL

Key Points

• Asset Management Group Inc. reduced its Apple stake by 4%, selling 3,800 shares and retaining 91,941 shares valued at approximately $23.3 million. Apple remains the firm’s second-largest portfolio holding.
• Analyst sentiment remains broadly positive, with Apple carrying a “Moderate Buy” consensus rating and an average price target of $328.60, despite recent downgrades from some firms.
• Apple reported quarterly earnings and revenue above expectations, with revenue up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, while rising component costs and supply-chain risks could pressure future margins.

Asset Management Group Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,941 shares of the iPhone maker's stock after selling 3,800 shares during the period. Apple accounts for about 3.8% of Asset Management Group Inc.'s portfolio, making the stock its 2nd biggest position. Asset Management Group Inc.'s holdings in Apple were worth $23,334,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Van Den Berg Management I Inc. bought a new stake in Apple in the first quarter worth approximately $229,000. Unisphere Establishment lifted its stake in Apple by 15.5% in the first quarter. Unisphere Establishment now owns 112,800 shares of the iPhone maker's stock valued at $28,628,000 after buying an additional 15,100 shares during the period. Dempze Nancy E boosted its holdings in shares of Apple by 0.9% during the 1st quarter. Dempze Nancy E now owns 32,597 shares of the iPhone maker's stock worth $8,273,000 after buying an additional 299 shares in the last quarter. Sustainable Insight Capital Management LLC boosted its holdings in shares of Apple by 35.9% during the 1st quarter. Sustainable Insight Capital Management LLC now owns 127,987 shares of the iPhone maker's stock worth $32,482,000 after buying an additional 33,800 shares in the last quarter. Finally, Bridgewater Advisors Inc. boosted its holdings in shares of Apple by 14.4% during the 1st quarter. Bridgewater Advisors Inc. now owns 216,109 shares of the iPhone maker's stock worth $54,846,000 after buying an additional 27,281 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AAPL shares. Robert W. Baird lifted their price objective on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Oppenheimer restated a "market perform" rating on shares of Apple in a report on Friday, July 31st. KGI Securities downgraded shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target for the company. in a research note on Monday, June 22nd. Finally, Rosenblatt Securities upped their price objective on shares of Apple from $276.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus price target of $328.60.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is testing memory chips from China’s CXMT for some iPhones and MacBooks sold in China. If approved by U.S. authorities, the move could provide an additional supply source and help mitigate shortages caused by surging AI-related demand. Apple tests China's CXMT memory chips
• Positive Sentiment: Some Apple-focused investors, including Deepwater Asset Management’s Gene Munster, argue that the shares remain undervalued and that future iPhone price increases, artificial-intelligence features and a potential upgrade cycle could support longer-term growth. Gene Munster disagrees with Apple downgrade
• Neutral Sentiment: Apple is scheduled to pay a quarterly dividend of $0.27 per share on August 13 to eligible shareholders, providing a modest near-term shareholder return. Apple dividend payment
• Negative Sentiment: Jefferies downgraded Apple from Hold to Underperform and cut its price target to $263.66 from $285.56. Analyst Edison Lee reportedly believes Apple has scrapped a planned all-glass iPhone because of production challenges, removing a potential premium product that could have lifted average selling prices and profitability. Apple could underperform without an all-glass iPhone
• Negative Sentiment: Memory and storage costs are rising sharply amid the AI-driven supply crunch; reports suggest iPhone 18 production costs could increase by roughly 38%. Apple may need to raise prices, risking weaker demand, or absorb the costs, pressuring margins. Apple's iPhone 18 costs could jump 38%
• Negative Sentiment: The CXMT testing also introduces geopolitical and execution risks: U.S. restrictions could limit Apple’s access to the supplier, while CXMT’s capacity and technology may lag established memory manufacturers. These issues add uncertainty to Apple’s supply chain and pricing strategy.

Insider Activity at Apple

In other 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 completion of the sale, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 1.6%

Shares of NASDAQ AAPL opened at $308.26 on Tuesday. The stock has a market capitalization of $4.50 trillion, a P/E ratio of 35.35, a P/E/G ratio of 2.68 and a beta of 1.09. The company has a 50-day moving average price of $309.49 and a 200-day moving average price of $283.86. Apple Inc. has a 1 year low of $223.78 and a 1 year high of $344.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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 company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The firm's revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, August 10th. Apple's payout ratio is currently 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.

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.

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