Flagship Wealth Advisors LLC Has $3.21 Million Stock Position in Apple Inc. $AAPL

Key Points

• Flagship Wealth Advisors cut its Apple position by 37.3% in the first quarter, selling 7,525 shares and retaining 12,633 shares valued at approximately $3.21 million. Apple represented about 1.3% of the firm’s portfolio.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst expectations, while revenue rose 16.4% year over year. The company also paid a $0.27 quarterly dividend, equal to a 0.4% yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $328.60, although concerns persist over Apple’s premium valuation, AI progress, rising component costs and competition from Google’s Pixel lineup.

Flagship Wealth Advisors LLC lowered its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 37.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,633 shares of the iPhone maker's stock after selling 7,525 shares during the quarter. Apple makes up approximately 1.3% of Flagship Wealth Advisors LLC's holdings, making the stock its 24th biggest position. Flagship Wealth Advisors LLC's holdings in Apple were worth $3,206,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Rainier Family Wealth Inc. boosted its position in Apple by 14.1% during the first 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 period. Eaton Cambridge Inc. raised its position in shares of Apple by 21.3% in the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock valued at $3,545,000 after purchasing an additional 2,450 shares during the period. Torren Management LLC bought a new position in shares of Apple in the fourth quarter valued at approximately $1,178,000. Summit Wealth Partners LLC lifted its stake in shares of Apple by 108.3% in 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 last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp acquired a new stake in shares of Apple in the fourth quarter worth $105,482,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other news, insider Ben Borders sold 116 shares of the company's stock in a transaction dated 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 transaction, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $307.75, for a total transaction of $442,852.25. Following the completion of the sale, the senior vice president owned 40,107 shares of the company's stock, valued at approximately $12,342,929.25. The trade was a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the topic of a number of research analyst reports. Oppenheimer reiterated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. Evercore reissued an "outperform" rating on shares of Apple in a research report on Wednesday, July 8th. 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. Wedbush restated an "outperform" rating and set a $400.00 price target on shares of Apple in a report on Friday, June 5th. Finally, Robert W. Baird raised their price target on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. One investment 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $328.60.

Key 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.

Apple Trading Up 0.2%

Shares of AAPL stock opened at $305.93 on Friday. Apple Inc. has a 1 year low of $223.78 and a 1 year high of $344.57. The firm's fifty day simple moving average is $308.98 and its 200 day simple moving average is $285.19. The firm has a market capitalization of $4.46 trillion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. 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 EPS for the quarter, beating 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 prior year, the company earned $1.57 EPS. The business's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 8.76 EPS for the current year.

Apple Dividend Announcement

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. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple's payout ratio is presently 12.39%.

About Apple

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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