CCM Investment Advisers LLC Has $31.37 Million Position in Apple Inc. $AAPL

Key Points

• CCM Investment Advisers reduced its Apple stake by 1.8% in the first quarter, selling 2,298 shares and retaining 123,594 shares valued at $31.37 million. Apple remains about 3.0% of the firm’s portfolio and its sixth-largest holding.
• Apple reported quarterly EPS of $2.02, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also paid a quarterly dividend of $0.27, equivalent to a 0.4% annualized yield.
• Apple’s stock was priced near $305.93 with a market capitalization of roughly $4.46 trillion, making valuation a key consideration. Analysts maintain a consensus “Moderate Buy” rating with a $328.60 target, though concerns include limited near-term AI momentum, rising memory costs and increased smartphone competition.

CCM Investment Advisers LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 123,594 shares of the iPhone maker's stock after selling 2,298 shares during the quarter. Apple comprises about 3.0% of CCM Investment Advisers LLC's portfolio, making the stock its 6th biggest holding. CCM Investment Advisers LLC's holdings in Apple were worth $31,367,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of AAPL. First National Bank of Hutchinson increased its position in shares of Apple by 24.6% in the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after purchasing an additional 6,982 shares during the last quarter. Eagle Capital Management LLC lifted its stake in shares of Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock worth $13,544,000 after purchasing an additional 272 shares during the period. Brighton Jones LLC grew its holdings in Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after purchasing an additional 69,207 shares during the period. Revolve Wealth Partners LLC raised its stake in Apple by 4.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after purchasing an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE lifted its holdings in shares of Apple by 2.4% in the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock worth $12,587,000 after buying an additional 1,155 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Stock Up 0.2%

Shares of NASDAQ:AAPL opened at $305.93 on Friday. The company has a market cap of $4.46 trillion, a price-to-earnings ratio of 35.08, a PEG ratio of 2.62 and a beta of 1.09. The firm's 50-day simple moving average is $308.98 and its 200-day simple moving average is $285.19. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a fifty-two week low of $223.78 and a fifty-two week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the prior year, the company earned $1.57 EPS. The firm's revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts predict that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is 12.39%.

Insider Activity at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the completion of the sale, the senior vice president directly owned 40,107 shares in the company, valued at approximately $12,342,929.25. This represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ben Borders sold 116 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.06% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly training a China-specific large language model with Alibaba’s support. The initiative could bring Apple Intelligence to Chinese users, improve Apple’s competitive position against Huawei and reduce reliance on third-party AI models in a key market. Apple trains China-specific AI model
• Positive Sentiment: Apple opened an advanced manufacturing center in Houston that will support AI-server production, Mac mini assembly and workforce training. The facility reinforces Apple’s U.S. investment plans and may improve supply-chain resilience and relations with policymakers. Apple opens Houston manufacturing facility
• Positive Sentiment: Apple reportedly received about $2.2 billion in tariff refunds. The cash recovery could offset some trade-related expenses and support near-term earnings and cash flow. Apple tariff refund report
• Positive Sentiment: Apple is discussing usage-based content agreements with publishers to improve the upgraded Siri’s access to current information. A stronger Siri could help narrow Apple’s perceived AI gap and support future services growth. Apple publisher talks for Siri
• Neutral Sentiment: Apple proposed a 15% commission on purchases made through external links in iOS apps amid its continuing legal dispute with Epic. The proposal could preserve some App Store revenue, but the final regulatory and legal outcome remains uncertain. Apple proposes external purchase commission
• Neutral Sentiment: Apple’s valuation remains demanding, with a market capitalization near $4.5 trillion and a forward earnings outlook that leaves the stock sensitive to execution. An insider sale by SVP Jennifer Newstead was disclosed, though such transactions do not necessarily indicate a change in corporate fundamentals. Apple insider sale
• Negative Sentiment: Jefferies downgraded Apple, citing concerns about the canceled or delayed all-glass iPhone concept, limited near-term AI momentum and rising memory-chip costs. Higher component prices could pressure margins and make it harder for Apple to justify its premium valuation. Jefferies Apple downgrade and iPhone concerns
• Negative Sentiment: Google’s Pixel 11 is placing Gemini more deeply into the smartphone experience, raising the competitive stakes for Apple ahead of the iPhone 18 launch and Siri’s broader overhaul.

Analyst Ratings Changes

Several equities analysts have weighed in on AAPL shares. The Goldman Sachs Group restated a "buy" rating and set a $360.00 price target (down from $370.00) on shares of Apple in a report on Friday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a report on Friday, July 31st. Tigress Financial reissued a "strong-buy" rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a report on Friday, July 31st. Finally, China Renaissance downgraded Apple from a "buy" rating to a "hold" rating and set a $280.00 price objective on the stock. in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $328.60.

Apple 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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