Brave Asset Management Inc. Sells 3,383 Shares of Apple Inc. $AAPL

Key Points

• Brave Asset Management reduced its Apple position by 3.9% in the second quarter, selling 3,383 shares and retaining 83,658 shares valued at approximately $24.2 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations, while revenue increased 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share.
• Apple’s outlook includes potential increased investment in AI under incoming CEO John Ternus and upcoming products such as an enhanced Siri and foldable iPhone, but investors face risks from restructuring, regulatory scrutiny, geopolitical exposure and the stock’s elevated valuation.

Brave Asset Management Inc. lessened its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,658 shares of the iPhone maker's stock after selling 3,383 shares during the quarter. Apple comprises 5.2% of Brave Asset Management Inc.'s holdings, making the stock its 5th largest position. Brave Asset Management Inc.'s holdings in Apple were worth $24,207,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AAPL. Rainier Family Wealth Inc. boosted its position in Apple by 14.1% during the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after acquiring an additional 3,014 shares during the last quarter. Eaton Cambridge Inc. raised its holdings in Apple by 21.3% in the 1st quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock valued at $3,545,000 after acquiring an additional 2,450 shares during the last quarter. Torren Management LLC acquired a new position in Apple in the 4th quarter valued at $1,178,000. Summit Wealth Partners LLC lifted its stake 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 worth $8,880,000 after purchasing an additional 18,188 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp acquired a new stake in shares of Apple during the fourth quarter worth $105,482,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Incoming CEO John Ternus is expected to reassess Apple’s research-and-development budget and potentially increase spending on AI. Analysts see stronger investment in Siri and other AI products as a way to close the gap with technology rivals. Apple Could Get a New R&D and AI Budget
• Positive Sentiment: Potential product catalysts include an AI-enhanced Siri expected later this year, camera-equipped AI AirPods targeted for 2027 and a foldable iPhone that one analyst estimates could sell 14 million units by 2027. Successful launches could support a major upgrade cycle. Apple Wants to Pay Publishers to Improve Siri
• Positive Sentiment: Walmart’s nationwide rollout of contactless payments will add Apple Pay acceptance across its U.S. stores, websites and apps. The move expands Apple Pay’s reach and strengthens Apple’s services ecosystem. Walmart Adds Apple Pay Nationwide
• Neutral Sentiment: Options activity showed a modestly bullish bias, with calls outnumbering puts, while implied volatility remained below its 52-week median. However, the signal was not strong enough to establish a decisive near-term direction. Apple Options Sentiment
• Neutral Sentiment: Apple’s leadership change on September 1 is creating both opportunity and uncertainty. Bank of America maintains a Buy view but says Ternus must deliver more surprising products and technologies because the company has become increasingly predictable. Apple Must Relearn How to Surprise
• Negative Sentiment: Apple reportedly cut more than 200 positions tied to Siri and the Vision Pro headset while redirecting resources toward future devices. The restructuring may improve efficiency, but it also highlights execution challenges in AI and spatial computing.
• Negative Sentiment: Analysts have warned that Apple’s insulation from macroeconomic and competitive headwinds is fading. With shares trading at a high earnings multiple, investors may be less tolerant of slower growth, regulatory pressure and delays in AI products. Apple’s Immunity to Headwinds Is Fading
• Negative Sentiment: Reports that Apple is quietly shifting attention toward China add geopolitical and demand risk, while its substantial tax settlement and filings highlighting large profits routed through Ireland could renew regulatory scrutiny.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 shares under a prearranged Rule 10b5-1 plan. The transaction is relatively small and does not necessarily signal a change in fundamentals, but it provides a modest negative headline.

Apple Stock Down 0.6%

AAPL stock opened at $309.35 on Friday. 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 firm has a 50 day simple moving average of $310.63 and a 200-day simple moving average of $287.04. The company has a market capitalization of $4.51 trillion, a P/E ratio of 35.48, a PEG ratio of 2.67 and a beta of 1.09. Apple Inc. has a twelve month low of $224.69 and a twelve month high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations 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 prior year, the company posted $1.57 earnings per share. On average, equities research analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AAPL shares. HSBC raised Apple from a "hold" rating to a "buy" rating and raised their price target for the stock from $260.00 to $366.00 in a research note on Thursday, July 16th. Phillip Securities downgraded shares of Apple from a "hold" rating to a "moderate sell" rating in a report on Monday, August 3rd. Wedbush reaffirmed an "outperform" rating and set a $400.00 price target on shares of Apple in a research report on Friday, June 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research note on Friday, July 31st. Finally, DA Davidson restated a "neutral" rating and set a $270.00 price objective on shares of Apple in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus target price of $330.53.

Insider Buying and Selling at Apple

In other Apple news, insider Ben Borders sold 116 shares of the company'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 completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 that occurred on Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total transaction of $442,478.11. Following the completion of the sale, the senior vice president owned 38,668 shares in the company, valued at $11,890,023.32. The trade was a 3.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,994 shares of company stock worth $919,567 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

About Apple

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