Edgestream Partners L.P. Reduces Holdings in Apple Inc. $AAPL

Key Points

• Edgestream Partners L.P. cut its Apple stake by 68.4% in the first quarter, selling 45,617 shares and retaining 21,110 shares valued at approximately $5.36 million.
• Despite Edgestream’s reduction, major institutions including Vanguard, State Street, Geode and Morgan Stanley increased their Apple holdings; institutional investors collectively own 67.73% of the company.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding estimates, while analysts maintain a “Moderate Buy” consensus with an average price target of $328.60.

Edgestream Partners L.P. lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 68.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,110 shares of the iPhone maker's stock after selling 45,617 shares during the period. Edgestream Partners L.P.'s holdings in Apple were worth $5,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after buying an additional 26,856,752 shares in the last quarter. State Street Corp increased its position in Apple by 1.1% during the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker's stock worth $164,218,801,000 after buying an additional 6,555,392 shares in the last quarter. Geode Capital Management LLC increased its position in Apple by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker's stock worth $97,031,587,000 after buying an additional 1,866,103 shares in the last quarter. Morgan Stanley raised its holdings in shares of Apple by 0.6% in the fourth quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker's stock worth $62,659,118,000 after acquiring an additional 1,379,651 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Apple in the fourth quarter worth $52,266,468,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

Apple stock opened at $305.26 on Friday. The firm has a market capitalization of $4.46 trillion, a P/E ratio of 35.01, a PEG ratio of 2.59 and a beta of 1.09. The stock has a fifty day moving average price of $309.00 and a 200 day moving average price of $285.04. Apple Inc. has a 52 week low of $223.78 and a 52 week high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. 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 recently commented on AAPL shares. China Renaissance lowered Apple from a "buy" rating to a "hold" rating and set a $280.00 price objective on the stock. in a research note on Tuesday, August 4th. Morgan Stanley dropped their price objective on Apple from $364.00 to $360.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. BNP Paribas Exane raised shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 target price for the company in a research note on Friday, April 17th. KeyCorp restated an "underweight" rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, July 28th. Finally, Evercore reiterated an "outperform" rating on shares of Apple in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $328.60.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reportedly received approximately $2.2 billion in tariff refunds, which could support near-term cash flow and earnings. More than 40 S&P 500 companies have reported receiving refunds from the broader tariff program. S&P 500 Companies Claim First Payouts From $100 Billion Tariff Refund Wave
• Positive Sentiment: Apple opened a 20,000-square-foot Advanced Manufacturing Center in Houston, where it plans to assemble Mac mini computers and co-locate advanced AI-server production. The facility strengthens Apple’s U.S. manufacturing narrative and may improve supplier capabilities. Apple's Tim Cook joined by Howard Lutnick in opening Houston manufacturing plant
• Positive Sentiment: Norway’s sovereign wealth fund disclosed Apple as its second-largest global holding, valued at roughly 522 billion Norwegian kroner. The position provides a signal of continued confidence from a major long-term investor. Apple Stock Rises While Norway Fund Reveals Huge Position
• Neutral Sentiment: Apple is negotiating performance-based licensing agreements with publishers to supply current content for an upgraded, AI-powered Siri. The deals could improve Siri’s usefulness, but the potential nine-figure expense would pressure services margins and monetization remains uncertain. Apple in Talks to Pay Publishers to Improve AI-Powered Siri
• Negative Sentiment: Jefferies reduced its Apple price target, questioning whether the company has enough product and artificial-intelligence momentum to justify its premium valuation. Google’s new Pixel 11 lineup also intensifies competition ahead of Apple’s expected Siri and iPhone updates. Apple Stock Falls After Jefferies Slashes Price Target
• Negative Sentiment: Rising memory and other component costs could erode Apple’s margins even if demand remains strong. Apple is testing Chinese supplier CXMT for DRAM, which could diversify supply but introduces geopolitical and quality-related risks. Apple Stock's Biggest Risk Is The Memory Bill, Not Demand
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 Apple shares for approximately $443,000, reducing her direct stake by 3.46%. The transaction is relatively small but may add modest insider-selling pressure. Apple SEC Form 4 Insider Sale

Insider Activity

In related news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $307.75, for a total value of $442,852.25. Following the sale, the senior vice president directly owned 40,107 shares of the company's stock, valued at approximately $12,342,929.25. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. The trade was 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.

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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