Evanson Financial LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 269,895 shares of the iPhone maker's stock, valued at approximately $78,097,000. Apple makes up about 3.9% of Evanson Financial LLC's investment portfolio, making the stock its 6th largest position.
Other hedge funds also recently modified their holdings of the company. Rainier Family Wealth Inc. grew its position 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 last quarter. Eaton Cambridge Inc. raised its holdings in shares of 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 buying an additional 2,450 shares during the last quarter. Torren Management LLC acquired a new position in shares of Apple during the fourth quarter worth approximately $1,178,000. Summit Wealth Partners LLC boosted its position in shares of Apple by 108.3% during 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 bought a new position in Apple in the 4th quarter worth approximately $105,482,000. 67.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently commented on AAPL. BTIG Research initiated coverage on Apple in a research report on Monday. They issued a "neutral" rating on the stock. Bank of America restated a "buy" rating and issued a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. Rothschild & Co Redburn set a $400.00 price target on shares of Apple and gave the stock a "buy" rating in a research report on Monday. UBS Group reissued a "neutral" rating on shares of Apple in a research note on Friday, July 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research note on Friday, July 31st. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $330.53.
Read Our Latest Stock Report on Apple
Insider Buying and Selling
In related news, 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 transaction, the senior vice president owned 38,668 shares of the company's stock, valued at approximately $11,890,023.32. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ben Borders sold 116 shares of Apple 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 $11,425,754.82. This trade represents 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. Insiders sold 2,994 shares of company stock worth $919,567 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.
Trending Headlines about 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 Price Performance
AAPL opened at $311.30 on Friday. The stock has a fifty day moving average price of $310.26 and a 200 day moving average price of $286.89. 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 Inc. has a 1 year low of $223.78 and a 1 year high of $344.57. The stock has a market cap of $4.54 trillion, a price-to-earnings ratio of 35.70, a PEG ratio of 2.71 and a beta of 1.09.
Apple (NASDAQ:AAPL - Get Free Report) last issued 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 company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the firm posted $1.57 EPS. The business's revenue was up 16.4% compared to the same quarter last year. Analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.
Apple Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. The ex-dividend date 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 currently 12.39%.
Apple Profile
(
Free Report)
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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