Chelsea Counsel Co. Sells 9,362 Shares of Apple Inc. $AAPL

Key Points

• Chelsea Counsel Co. reduced its Apple stake by 10.3% in the first quarter, selling 9,362 shares and retaining 81,238 shares valued at approximately $20.6 million. Apple remains the firm’s largest holding, representing 9% of its portfolio.
• Institutional investors and hedge funds own 67.73% of Apple, while corporate insiders own just 0.06%; senior vice president Jennifer Newstead also sold 1,439 shares for about $442,852.
• Apple reported stronger-than-expected quarterly results, with $2.02 in earnings per share and $109.42 billion in revenue, up 16.4% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $328.60, although some concerns remain over valuation, AI momentum and rising component costs.

Chelsea Counsel Co. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,238 shares of the iPhone maker's stock after selling 9,362 shares during the period. Apple comprises 9.0% of Chelsea Counsel Co.'s investment portfolio, making the stock its biggest holding. Chelsea Counsel Co.'s holdings in Apple were worth $20,617,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Evansbrook LLC lifted its holdings in shares of Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after buying an additional 34 shares during the period. DBK Financial Counsel LLC raised its position in Apple by 2.0% in the first quarter. DBK Financial Counsel LLC now owns 6,363 shares of the iPhone maker's stock worth $1,615,000 after acquiring an additional 124 shares in the last quarter. Stillwater Private Wealth LLC acquired a new stake in Apple in the first quarter valued at $1,642,000. Blue Edge Capital LLC lifted its holdings in Apple by 19.2% in the first quarter. Blue Edge Capital LLC now owns 66,604 shares of the iPhone maker's stock valued at $16,903,000 after acquiring an additional 10,730 shares during the period. Finally, First Nebraska Trust Co purchased a new stake in shares of Apple during the 1st quarter worth $71,001,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of the company's 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ben Borders sold 116 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company's stock.

More Apple News

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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AAPL. Morgan Stanley cut their price target on shares of Apple from $364.00 to $360.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a report on Wednesday, July 15th. Needham & Company LLC restated a "hold" rating on shares of Apple in a research report on Friday, July 31st. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 3rd. Finally, DA Davidson reiterated a "neutral" rating and set a $270.00 price target on shares of Apple in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $328.60.

Apple Stock Performance

Shares of AAPL opened at $305.93 on Monday. Apple Inc. has a 1 year low of $223.78 and a 1 year high of $344.57. The company's 50 day simple moving average is $308.98 and its 200 day simple moving average is $285.40. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the company earned $1.57 EPS. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. On average, sell-side analysts predict that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.4%. Apple's payout ratio is currently 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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