BCS Private Wealth Management Inc. lessened its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 15.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,925 shares of the iPhone maker's stock after selling 5,096 shares during the period. Apple makes up about 2.3% of BCS Private Wealth Management Inc.'s portfolio, making the stock its 11th largest holding. BCS Private Wealth Management Inc.'s holdings in Apple were worth $7,791,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in AAPL. Lifetime Wealth Management P.C. bought a new position in shares of Apple in the 4th quarter valued at $41,000. ROSS JOHNSON & Associates LLC raised its holdings in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management bought a new stake in shares of Apple during the 4th quarter worth $65,000. Timmons Wealth Management LLC bought a new stake in shares of Apple during the 4th quarter worth $69,000. Finally, Inspire Investing LLC acquired a new stake in Apple in the fourth quarter valued at about $76,000. Institutional investors and hedge funds own 67.73% of the company's stock.
Apple Trading Down 0.3%
AAPL opened at $315.34 on Thursday. Apple Inc. has a twelve month low of $225.95 and a twelve month high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average of $317.37 and a 200-day moving average of $291.73. The stock has a market cap of $4.60 trillion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.74 and a beta of 1.08.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating 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 business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts predict that Apple Inc. will post 8.74 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's payout ratio is currently 12.39%.
Insider Activity
In related news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction of $456,177.39. Following the completion of the sale, the senior vice president owned 35,790 shares of the company's stock, valued at $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ben Borders sold 116 shares of the firm's 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 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 position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 5,872 shares of company stock worth $1,823,201. 0.06% of the stock is owned by corporate insiders.
More Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple introduced the iPhone Duo, its first foldable iPhone, starting at $1,999. The device features a 7.6-inch unfolded display, a 5.4-inch outer screen and a redesigned hinge, creating a potential new high-margin product category and growth opportunity. Apple unveils iPhone Duo
- Positive Sentiment: The iPhone 18 Pro lineup adds a 2-nanometer A20 Pro chip, camera improvements, longer battery life and upgraded Siri AI features. These upgrades could support premium pricing and strengthen Apple’s artificial-intelligence strategy. Apple iPhone 18 Pro launched
- Positive Sentiment: Apple also launched AirPods 5, Apple Watch Series 12 and Watch Ultra 4, adding improved noise cancellation, health tracking and Apple Intelligence features. The broad hardware release may support ecosystem engagement and services revenue. Apple introduces AirPods 5
- Neutral Sentiment: New CEO John Ternus used his first keynote to emphasize that the iPhone remains Apple’s core platform, signaling continuity with the company’s established strategy while adding foldable hardware and AI capabilities. Apple’s new CEO is reviving a Steve Jobs strategy
- Neutral Sentiment: Early reviews of the iPhone Duo were generally intrigued, but demand, production capacity and customer acceptance remain unproven. Analysts estimate the foldable could generate substantial revenue if Apple can avoid supply constraints. iPhone Duo first impressions review
- Negative Sentiment: Apple raised iPhone 18 Pro pricing by $100 and increased prices on older iPhone models. While higher prices could protect revenue and margins, they may limit unit demand, particularly as consumers face elevated component and memory costs. Apple raises prices on older iPhones
- Negative Sentiment: Huawei launched its Mate XT2 tri-fold smartphone ahead of Apple’s event, highlighting intense competition in foldables. Investors must also monitor manufacturing complexity, elevated inventory and the risk that the highly anticipated launch becomes a sell-the-news event. Huawei launches Mate XT2
Analysts Set New Price Targets
AAPL has been the topic of a number of recent analyst reports. Moffett Nathanson reiterated a "neutral" rating and issued a $304.00 target price on shares of Apple in a research report on Tuesday. Oppenheimer reissued a "market perform" rating on shares of Apple in a research note on Friday, July 31st. TD Cowen boosted their target price on shares of Apple from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Evercore reiterated an "outperform" rating on shares of Apple in a report on Tuesday, August 25th. Finally, Rothschild & Co Redburn set a $400.00 price target on Apple and gave the company a "buy" rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $331.53.
View Our Latest Analysis on AAPL
About Apple
(
Free Report)
Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.
Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.
Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.
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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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