Bill Few Associates Inc. Cuts Position in Apple Inc. $AAPL

Key Points

• Bill Few Associates reduced its Apple stake by 1.8%, selling 1,903 shares during the second quarter. It still owns 101,267 shares valued at approximately $29.3 million, representing 6.2% of its portfolio.
• Institutional investors own 67.73% of Apple, while insiders sold 2,994 shares worth about $919,567 over the past 90 days. Apple’s latest quarter exceeded expectations, with earnings of $2.02 per share and revenue of $109.42 billion, up 16.4% year over year.
• Analysts remain broadly bullish, assigning Apple a “Moderate Buy” consensus rating and an average price target of $330.53. Potential catalysts include new products, expanded AI capabilities and leadership changes, while concerns include App Store revenue pressure and execution risks under the incoming CEO.

Bill Few Associates Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,267 shares of the iPhone maker's stock after selling 1,903 shares during the quarter. Apple comprises 6.2% of Bill Few Associates Inc.'s portfolio, making the stock its 2nd largest position. Bill Few Associates Inc.'s holdings in Apple were worth $29,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AAPL. Rainier Family Wealth Inc. raised its holdings in Apple by 14.1% in 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 during the period. Eaton Cambridge Inc. grew its holdings in Apple by 21.3% during 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 during the period. Torren Management LLC purchased a new stake in Apple in the fourth quarter worth about $1,178,000. Summit Wealth Partners LLC raised its stake in shares of Apple by 108.3% in the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock worth $8,880,000 after buying an additional 18,188 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp purchased a new position in shares of Apple during the 4th quarter valued at about $105,482,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other Apple news, insider Ben Borders sold 116 shares of Apple 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 owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total value of $442,478.11. Following the sale, the senior vice president directly owned 38,668 shares in the company, valued at $11,890,023.32. This trade represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,994 shares of company stock valued at $919,567 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AAPL shares. JPMorgan Chase & Co. reduced their target price on shares of Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Bank of America restated a "buy" rating and set a $380.00 target price on shares of Apple in a research note on Thursday, June 18th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. TD Cowen raised their price target on Apple from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $330.53.

Key Headlines Impacting Apple

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

Apple Stock Down 1.7%

Shares of AAPL stock opened at $311.30 on Friday. The stock has a market cap of $4.54 trillion, a P/E ratio of 35.70, a PEG ratio of 2.71 and a beta of 1.09. Apple Inc. has a 52 week low of $223.78 and a 52 week 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's fifty day simple moving average is $310.26 and its two-hundred day simple moving average is $286.89.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the business posted $1.57 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. Analysts predict that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors 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 yield of 0.3%. Apple's dividend payout ratio is presently 12.39%.

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.

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