Bedel Financial Consulting Inc. grew its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 9.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,110 shares of the iPhone maker's stock after purchasing an additional 7,221 shares during the period. Apple comprises approximately 2.3% of Bedel Financial Consulting Inc.'s investment portfolio, making the stock its 7th largest position. Bedel Financial Consulting Inc.'s holdings in Apple were worth $24,338,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rainier Family Wealth Inc. increased its holdings in Apple by 14.1% during the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after purchasing an additional 3,014 shares in the last quarter. Eaton Cambridge Inc. lifted its holdings in shares of Apple by 21.3% in the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock valued at $3,545,000 after purchasing an additional 2,450 shares in the last quarter. Torren Management LLC purchased a new position in shares of Apple during the fourth quarter valued at approximately $1,178,000. Summit Wealth Partners LLC boosted its position in shares of Apple by 108.3% during the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock valued at $8,880,000 after buying an additional 18,188 shares during the last quarter. Finally, Davis R M Inc. grew its holdings in Apple by 2.1% during the first quarter. Davis R M Inc. now owns 1,151,352 shares of the iPhone maker's stock worth $292,202,000 after buying an additional 23,162 shares in the last quarter. 67.73% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently commented on AAPL. Rothschild & Co Redburn set a $400.00 price target on Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Phillip Securities downgraded shares of Apple from a "hold" rating to a "moderate sell" rating in a report on Monday, August 3rd. Wells Fargo & Company reiterated an "overweight" rating and issued a $350.00 target price (up from $310.00) on shares of Apple 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, Seaport Research Partners lowered shares of Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $330.61.
View Our Latest Analysis on AAPL
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Investor optimism is building ahead of Apple’s September 9 product event, the first major launch under new CEO John Ternus. Ternus described the event as “phenomenal,” raising expectations for new premium iPhones and the company’s first foldable iPhone. Apple’s New CEO Teases “Phenomenal” iPhone Launch
- Positive Sentiment: The foldable iPhone could provide a significant new growth catalyst. Morgan Stanley estimates the device could contribute approximately $14 billion to the December quarter, while other projections suggest strong market share and premium pricing potential if demand materializes. Apple’s Foldable iPhone May Contribute $14 Billion
- Positive Sentiment: Morgan Stanley reaffirmed its Overweight rating and set a $360 price target, supporting the view that Apple’s product pipeline and earnings growth can justify its premium valuation. Apple’s services business also continues to benefit from price increases to Apple TV and Apple One. Apple TV Price Hike
- Neutral Sentiment: John Ternus has formally succeeded Tim Cook, while Cook remains executive chairman. The structure provides continuity and preserves Cook’s government and China relationships, but Ternus must prove that a product-focused strategy can improve Apple’s position in AI. Apple Leadership Transition
- Negative Sentiment: Jefferies downgraded Apple to Underperform, reportedly citing the cancellation of an all-glass MacBook or foldable MacBook project and skepticism that the foldable iPhone will be more than a niche product. Jefferies Downgrades Apple
- Negative Sentiment: Apple faces a £2 billion ($2.7 billion) UK lawsuit alleging that its App Tracking Transparency rules unfairly restrict third-party developers while favoring Apple’s own advertising services. BASF has also filed a separate patent lawsuit over face-authentication technology. BASF Patent Lawsuit
- Negative Sentiment: Rising memory-chip costs could lift iPhone production expenses sharply, forcing Apple to raise prices, accept lower margins or risk weaker demand. Analysts remain divided, with DA Davidson maintaining a Neutral rating and a $270 price target. Apple Product and Leadership Outlook
- Negative Sentiment: An Apple senior vice president sold 1,439 shares worth about $456,000. The sale was relatively small, leaving the executive with nearly 35,800 shares, but it may add modestly to near-term investor caution. Apple Insider Trading Filing
Apple Trading Up 1.0%
Shares of Apple stock opened at $328.21 on Friday. The firm has a market cap of $4.79 trillion, a PE ratio of 37.64, a P/E/G ratio of 2.81 and a beta of 1.08. Apple Inc. has a 1 year low of $225.95 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. The stock has a fifty day moving average price of $314.94 and a 200-day moving average price of $290.13.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly 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. The company had revenue of $109.42 billion for 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 earned $1.57 EPS. Equities research analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's payout ratio is currently 12.39%.
Insider Transactions at Apple
In other Apple news, insider Ben Borders sold 116 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares of the company's stock, valued at $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 5,872 shares of company stock worth $1,823,201. Corporate insiders own 0.06% of the company's stock.
Apple Profile
(
Free Report)
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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