Franklin Street Advisors Inc. NC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 403,458 shares of the iPhone maker's stock after selling 16,869 shares during the period. Apple makes up 6.5% of Franklin Street Advisors Inc. NC's investment portfolio, making the stock its 2nd largest holding. Franklin Street Advisors Inc. NC's holdings in Apple were worth $116,744,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. First National Bank of Hutchinson increased its stake in Apple by 24.6% during the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock valued at $8,845,000 after purchasing an additional 6,982 shares in the last quarter. Eagle Capital Management LLC grew its holdings in shares of Apple by 0.5% in the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after acquiring an additional 272 shares in the last quarter. Brighton Jones LLC increased its position in shares of Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after acquiring an additional 69,207 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Apple by 4.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock worth $16,742,000 after buying an additional 2,695 shares during the last quarter. Finally, Highview Capital Management LLC DE boosted its stake in Apple by 2.4% in the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock valued at $12,587,000 after acquiring an additional 1,155 shares during the last quarter. 67.73% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on AAPL. Maxim Group reissued a "buy" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. KeyCorp restated an "underweight" rating and issued a $250.00 target price on shares of Apple in a research note on Tuesday, July 28th. UBS Group restated a "neutral" rating on shares of Apple in a research report on Friday, July 31st. Monness Crespi & Hardt raised their target price on shares of Apple from $315.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Finally, Barclays reiterated 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $330.53.
View Our Latest Stock Report on AAPL
More Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: New AI-focused Macs strengthen Apple’s edge-computing strategy. Apple launched updated Mac mini and Mac Studio desktops powered by the M6 and M5 Ultra chips, emphasizing local AI workloads. The M6 reportedly uses a 2-nanometer process, while the M5 Ultra supports large models with up to 512GB of unified memory. The products could expand Apple’s role in AI development without requiring the massive infrastructure spending undertaken by rivals. Apple announces new Mac Mini and Mac Studio models with AI upgrades
- Positive Sentiment: Evercore maintained an Outperform rating and $365 price target. The firm said the higher Mac mini prices appear justified by the performance improvements, providing a positive Wall Street signal even as AAPL trades at a demanding valuation. Apple Stock Reiterated as Outperform
- Positive Sentiment: Apple’s capital-light AI approach is attracting investor interest. With technology shares exposed to concerns about an AI infrastructure spending race, Apple’s focus on on-device AI and its existing hardware ecosystem is being viewed as a relative advantage. Apple Rises as Investors Flee the AI Spending Arms Race
- Neutral Sentiment: Apple reversed a planned change to Hide My Email. Preserving the privacy feature may support customer trust, but the move is unlikely to materially affect near-term revenue or earnings. Apple rescues Hide My Email feature
- Negative Sentiment: Higher Mac prices and memory shortages could limit demand. The new Mac mini reportedly starts at $899, while the top Mac Studio configuration can cost substantially more. Persistent memory constraints could raise component costs and eventually contribute to higher iPhone prices, pressuring consumer demand and margins. Apple launches faster Mac mini and Mac Studio
- Negative Sentiment: AI execution and restructuring remain concerns. Apple is cutting more than 200 positions across Siri and Vision Pro while redirecting resources toward AI and smart glasses. The shift may improve focus, but it also highlights delays and uncertainty around Apple’s AI product roadmap. Apple cuts 200 jobs in Siri and Vision Pro
- Negative Sentiment: Valuation leaves limited room for disappointment. Around $310 per share, AAPL carries a market value above $4.5 trillion and a forward-looking growth profile that depends heavily on the next iPhone cycle. Analysts remain constructive, but investors are sensitive to evidence of slower growth, pricing pressure or weaker AI adoption.
Apple Trading Down 0.1%
NASDAQ AAPL opened at $309.90 on Wednesday. The stock has a market cap of $4.52 trillion, a P/E ratio of 35.54, a P/E/G ratio of 2.66 and a beta of 1.09. The stock's fifty day moving average price is $311.12 and its 200-day moving average price is $287.69. Apple Inc. has a 12 month low of $224.69 and a 12 month 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 announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the firm posted $1.57 EPS. The business's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.
Apple Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is currently 12.39%.
Insider Activity at Apple
In related news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total transaction of $442,478.11. Following the completion of the sale, the senior vice president owned 38,668 shares in the company, valued at approximately $11,890,023.32. This trade represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ben Borders sold 116 shares of the 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 sale, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This trade represents 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. Insiders have sold 2,994 shares of company stock worth $919,567 in the last ninety days. Insiders own 0.06% of the company's stock.
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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