Evelyn Partners Investment Management LLP Has $104.17 Million Position in Apple Inc. $AAPL

Key Points

• Evelyn Partners increased its Apple stake by 4.7% in the first quarter to 410,438 shares worth approximately $104.17 million, making Apple 2.8% of its portfolio and its 10th-largest holding.
• Apple reported a strong quarter, with revenue up 16.4% year over year to $109.42 billion and EPS of $2.02, exceeding analyst expectations. Institutional investors own 67.73% of the company, while the analyst consensus remains “Moderate Buy” with an average price target of $328.60.
• Concerns remain over Apple’s pricing power and growth outlook: rising memory costs could increase iPhone production expenses, while Jefferies downgraded the stock to Underperform and lowered its price target amid uncertainty surrounding future iPhone designs.

Evelyn Partners Investment Management LLP boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 410,438 shares of the iPhone maker's stock after acquiring an additional 18,493 shares during the quarter. Apple accounts for 2.8% of Evelyn Partners Investment Management LLP's portfolio, making the stock its 10th biggest holding. Evelyn Partners Investment Management LLP's holdings in Apple were worth $104,165,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Lifetime Wealth Management P.C. purchased a new position in Apple in the 4th quarter worth about $41,000. ROSS JOHNSON & Associates LLC lifted its holdings in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management purchased a new stake in Apple in the 4th quarter valued at about $65,000. Timmons Wealth Management LLC purchased a new stake in Apple in the 4th quarter valued at about $69,000. Finally, Inspire Investing LLC purchased a new stake in Apple in the 4th quarter valued at about $76,000. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AAPL shares. Barclays reaffirmed an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Citigroup reiterated a "buy" rating and issued a $365.00 price target (up from $315.00) on shares of Apple in a report on Monday, July 13th. JPMorgan Chase & Co. reduced their price objective on Apple from $345.00 to $340.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research report on Friday, July 31st. Finally, Maxim Group reaffirmed a "buy" rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $328.60.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s latest quarter was its strongest June quarter on record, with revenue rising 16.4% year over year to $109.42 billion and earnings per share of $2.02, ahead of Wall Street expectations. Some investors and analysts, including Gene Munster, view the recent weakness as an attractive accumulation opportunity and anticipate a substantial iPhone upgrade cycle. Apple’s Dip Below $310 is a Great Accumulation Opportunity
• Positive Sentiment: Apple is reportedly exploring alternative memory suppliers, including China’s CXMT, as artificial-intelligence demand tightens global DRAM supplies. Diversifying procurement could help reduce shortages and limit production disruptions, although U.S. restrictions may constrain the opportunity. Apple tests China’s CXMT memory chips
• Neutral Sentiment: Apple is participating in efforts to make AI-generated content traceable, potentially strengthening platform trust and content provenance over time. The initiative is strategically relevant but is unlikely to materially affect near-term earnings. Tech’s Big Push to Make AI Content Traceable
• Neutral Sentiment: Apple Pay and Wallet chief Jennifer Bailey is retiring, creating another senior leadership transition. The impact depends on the successor and execution in financial services. Jennifer Bailey retires
• Negative Sentiment: Jefferies downgraded AAPL from Hold to Underperform and cut its price target to $263.66 from $285.56. The firm cited supply-chain checks suggesting Apple may have abandoned a high-end all-glass iPhone, weakening the case for significantly higher average selling prices. Bloomberg separately reported that the 2027 device may still be on track, leaving uncertainty rather than confirmation. Jefferies downgrades Apple
• Negative Sentiment: Surging memory and storage costs could raise iPhone production expenses by roughly 38%, forcing Apple to choose between higher prices that could pressure demand and lower margins. Reports that iPhone prices have already increased by as much as $300 are intensifying concerns about consumer affordability and pricing power. Apple’s Next iPhone Could Test Pricing Power
• Negative Sentiment: Analyst confidence has cooled despite strong revenue growth, with investors questioning whether Apple can sustain premium-device growth at its roughly $4.45 trillion valuation, particularly as Nvidia and other AI leaders capture more market enthusiasm.

Insider Buying and Selling at Apple

In related news, insider Ben Borders sold 116 shares of the company'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 completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Shares of AAPL stock opened at $304.91 on Wednesday. The firm has a market cap of $4.45 trillion, a price-to-earnings ratio of 34.97, a PEG ratio of 2.64 and a beta of 1.09. Apple Inc. has a 52-week low of $223.78 and a 52-week high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company's 50 day moving average is $309.28 and its 200 day moving average is $284.26.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, August 10th. Apple's payout ratio is presently 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.

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.

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