Fonville Wealth Management LLC Has $8.46 Million Position in Apple Inc. $AAPL

Fonville Wealth Management LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,247 shares of the iPhone maker's stock after selling 2,071 shares during the period. Apple makes up 1.4% of Fonville Wealth Management LLC's portfolio, making the stock its 11th biggest position. Fonville Wealth Management LLC's holdings in Apple were worth $8,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple during the 4th quarter worth about $41,000. ROSS JOHNSON & Associates LLC increased its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Timmons Wealth Management LLC bought a new position in shares of Apple in the fourth quarter worth about $69,000. LSV Asset Management acquired a new position in shares of Apple during the fourth quarter worth approximately $65,000. Finally, Inspire Investing LLC acquired a new position in shares of Apple during the fourth quarter worth approximately $76,000. Institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In other Apple news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Apple stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $310.95, for a total transaction of $447,457.05. Following the transaction, the senior vice president directly owned 37,229 shares in the company, valued at approximately $11,576,357.55. This represents a 3.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,433 shares of company stock worth $1,367,024 in the last three months. 0.06% of the stock is owned by insiders.

Apple Stock Down 0.1%

Shares of Apple stock opened at $324.96 on Thursday. The business has a fifty day simple moving average of $313.87 and a 200 day simple moving average of $289.62. The stock has a market cap of $4.74 trillion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 2.81 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $225.95 and a 12 month high of $344.57.

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, beating 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 analyst estimates of $109.04 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Research analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio (DPR) is presently 12.39%.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. China Renaissance lowered Apple from a "buy" rating to a "hold" rating and set a $280.00 price target on the stock. in a research note on Tuesday, August 4th. Finally, TD Cowen raised their price target on Apple from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $330.61.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO transition initially welcomed: John Ternus officially became CEO on Sept. 1 after 25 years at Apple, while Tim Cook remains executive chairman. Investors view Ternus’s hardware expertise as providing continuity, and Apple shares rose sharply during his first day in the role. Apple shares rise as John Ternus takes over as CEO
• Positive Sentiment: Constructive analyst outlook: Morgan Stanley reaffirmed its overweight rating and set a $360 price target, while Bank of America reiterated Buy with a $380 target. Analysts see potential for Apple to strengthen its position in the AI era through hardware, services and a new product cycle.
• Positive Sentiment: Foldable iPhone could add significant revenue: Morgan Stanley estimates Apple’s anticipated foldable iPhone could contribute approximately $14 billion in December-quarter revenue, creating a potential new growth engine. Apple foldable iPhone revenue estimate
• Neutral Sentiment: Sept. 9 launch is the key near-term catalyst: Wall Street considers the upcoming iPhone event an important test of pricing power, consumer demand, AI capabilities and whether Apple can sustain growth beyond its mature smartphone franchise. Ternus has described the launch as “phenomenal.” Why the next iPhone launch matters
• Neutral Sentiment: Leadership incentives align with shareholders: Ternus’s approximately $55 million–$58 million compensation package is heavily tied to Apple’s performance relative to the S&P 500. Cook will receive about $47 million as executive chairman, supporting continuity but underscoring his continued influence.
• Negative Sentiment: Valuation and growth concerns remain: DA Davidson maintained a Neutral rating with a $270 target, and Rosenblatt kept Neutral despite raising its target to $303. Analysts warn that Apple may need the foldable iPhone and stronger AI execution to avoid a revenue slowdown next year, while its premium valuation leaves limited room for disappointment.
• Negative Sentiment: AI, memory costs and legal risks weigh on sentiment: Apple trails some rivals in AI, faces elevated memory-chip costs that could pressure margins, and is engaged in a contentious trade-secrets lawsuit with OpenAI. OpenAI denies Apple’s allegations, increasing uncertainty around the dispute.

Apple 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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