Atria Investments Inc Decreases Stake in Apple Inc. $AAPL

Key Points

• Atria Investments reduced its Apple stake by 2.5% in the second quarter, selling 10,466 shares and retaining 413,130 shares valued at approximately $119.5 million.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 67.73% of Apple; several firms increased their positions during the same period.
• Apple reported quarterly earnings and revenue above analyst expectations, while shares traded near record highs at about 37 times earnings. Analysts maintain a “Moderate Buy” consensus, though AI challenges, memory costs and valuation remain key risks.

Atria Investments Inc trimmed its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 413,130 shares of the iPhone maker's stock after selling 10,466 shares during the quarter. Apple accounts for approximately 1.2% of Atria Investments Inc's holdings, making the stock its 14th biggest holding. Atria Investments Inc's holdings in Apple were worth $119,543,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AAPL. Rainier Family Wealth Inc. boosted its stake in Apple by 14.1% in the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after acquiring an additional 3,014 shares in the last quarter. Eaton Cambridge Inc. increased its position in shares of Apple by 21.3% during the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after purchasing an additional 2,450 shares in the last quarter. Torren Management LLC acquired a new position in shares of Apple during the fourth quarter worth $1,178,000. Summit Wealth Partners LLC lifted its holdings in shares of Apple by 108.3% during the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock valued at $8,880,000 after purchasing an additional 18,188 shares during the last quarter. Finally, Davis R M Inc. boosted its position in shares of Apple by 2.1% in the 1st quarter. Davis R M Inc. now owns 1,151,352 shares of the iPhone maker's stock worth $292,202,000 after purchasing an additional 23,162 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $325.13 on Wednesday. Apple Inc. has a twelve month low of $225.95 and a twelve month high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.75 trillion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The company's 50 day moving average is $313.24 and its 200 day moving average is $289.18.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 earnings per share. On average, sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: John Ternus takes over with an encouraging product message: The longtime hardware engineering chief officially became CEO, while Tim Cook remains as executive chairman. Ternus reportedly told employees that a “huge” and “phenomenal” iPhone launch is coming next week, supporting expectations for strong product momentum and potential interest in a foldable iPhone. John Ternus hypes huge launch next week in first memo as Apple CEO
• Positive Sentiment: Analyst optimism is providing additional support: Bank of America reiterated a Buy rating and a $380 price target, citing an opportunity for Apple to achieve “device dominance” in the AI era. Rosenblatt also raised its target to $303, though it maintained a Neutral rating, underscoring the mixed outlook at current prices. Bank of America sees device dominance ahead
• Positive Sentiment: Services and Mac demand remain potential growth catalysts: Apple’s price increases for Apple TV and Apple One highlight ecosystem pricing power and could lift high-margin services revenue. Separately, reported shortages of high-memory Mac mini and Mac Studio models suggest developers and businesses may be using Apple Silicon for local AI workloads. Cook out, Silicon in: Will Ternus trigger Apple’s edge AI boom?
• Neutral Sentiment: Continuity may reduce transition risk: Cook’s $47 million compensation package as executive chair signals that he will remain influential, including on government and strategic matters. However, Ternus must establish authority while succeeding a CEO whose tenure produced extraordinary shareholder returns. Tim Cook to be paid $47 million as Apple’s executive chair
• Negative Sentiment: Key risks remain concentrated in AI, costs and valuation: Apple is still viewed as behind rivals in AI and faces pressure to improve Siri. Memory shortages could weigh on hardware margins, while shares trade near record levels at roughly 37 times earnings. Apple also faces an escalating trade-secret lawsuit with OpenAI, which has called the claims baseless. Apple enters John Ternus era as AI challenges and memory crunch intensify

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. Bank of America reiterated a "buy" rating and issued a $380.00 price target on shares of Apple in a research note on Thursday, June 18th. BTIG Research began coverage on Apple in a report on Monday, August 17th. They issued a "neutral" rating for the company. Wells Fargo & Company restated an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Finally, Evercore restated an "outperform" rating on shares of Apple in a report on Tuesday, August 25th. One investment 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $330.61.

Insider Buying and Selling

In other news, insider Ben Borders sold 116 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total value of $447,457.05. Following the sale, the senior vice president owned 37,229 shares in the company, valued at $11,576,357.55. This trade represents a 3.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,433 shares of company stock worth $1,367,024 in the last ninety days. Corporate insiders own 0.06% of the company's stock.

Apple Company 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source