Green Ridge Wealth Planning LLC Sells 1,837 Shares of Apple Inc. $AAPL

Key Points

• Green Ridge Wealth Planning reduced its Apple stake by 5.4% in the second quarter, selling 1,837 shares and retaining 32,089 shares worth about $9.3 million. Apple remains the firm’s eighth-largest holding and represents 3.9% of its portfolio.
• Apple reported quarterly EPS of $2.02, exceeding the $1.89 consensus estimate, while revenue rose 16.4% year over year to $109.42 billion. The company also maintains a $0.27 quarterly dividend, equal to a 0.3% yield.
• Analyst sentiment remains broadly positive, with Apple carrying a “Moderate Buy” consensus rating and an average price target of $330.53. However, insider selling, elevated valuation, AI execution concerns and leadership-transition uncertainty remain notable risks.

Green Ridge Wealth Planning LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 32,089 shares of the iPhone maker's stock after selling 1,837 shares during the quarter. Apple comprises 3.9% of Green Ridge Wealth Planning LLC's investment portfolio, making the stock its 8th biggest holding. Green Ridge Wealth Planning LLC's holdings in Apple were worth $9,285,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Rainier Family Wealth Inc. increased its stake in shares of Apple by 14.1% during the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after acquiring an additional 3,014 shares during the last quarter. Eaton Cambridge Inc. increased its position in Apple by 21.3% during the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after purchasing an additional 2,450 shares during the last quarter. Torren Management LLC acquired a new position in shares of Apple in the 4th quarter valued at $1,178,000. Summit Wealth Partners LLC grew its holdings in shares of Apple by 108.3% during the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock worth $8,880,000 after purchasing an additional 18,188 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp acquired a new position in shares of Apple during the fourth quarter worth about $105,482,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other news, insider Ben Borders sold 116 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, 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 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 the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total transaction of $442,478.11. Following the sale, the senior vice president directly 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,994 shares of company stock valued at $919,567. 0.06% of the stock is owned by insiders.

Apple Stock Performance

AAPL opened at $309.35 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a 52-week low of $224.69 and a 52-week high of $344.57. The stock has a 50-day moving average of $310.63 and a 200-day moving average of $287.04. The company has a market cap of $4.51 trillion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) 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 firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts forecast that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced 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 of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is currently 12.39%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Raymond James Financial reissued a "market perform" rating on shares of Apple in a report on Friday, July 31st. BTIG Research started coverage on shares of Apple in a research note on Monday. They set a "neutral" rating for the company. TD Cowen increased their target price on shares of Apple from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Morgan Stanley decreased their price target on shares of Apple from $364.00 to $360.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Finally, Piper Sandler started coverage on shares of Apple in a research note on Monday. They set an "overweight" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average target price of $330.53.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Incoming CEO John Ternus is expected to reassess Apple’s research-and-development budget and potentially increase spending on AI. Analysts see stronger investment in Siri and other AI products as a way to close the gap with technology rivals. Apple Could Get a New R&D and AI Budget
• Positive Sentiment: Potential product catalysts include an AI-enhanced Siri expected later this year, camera-equipped AI AirPods targeted for 2027 and a foldable iPhone that one analyst estimates could sell 14 million units by 2027. Successful launches could support a major upgrade cycle. Apple Wants to Pay Publishers to Improve Siri
• Positive Sentiment: Walmart’s nationwide rollout of contactless payments will add Apple Pay acceptance across its U.S. stores, websites and apps. The move expands Apple Pay’s reach and strengthens Apple’s services ecosystem. Walmart Adds Apple Pay Nationwide
• Neutral Sentiment: Options activity showed a modestly bullish bias, with calls outnumbering puts, while implied volatility remained below its 52-week median. However, the signal was not strong enough to establish a decisive near-term direction. Apple Options Sentiment
• Neutral Sentiment: Apple’s leadership change on September 1 is creating both opportunity and uncertainty. Bank of America maintains a Buy view but says Ternus must deliver more surprising products and technologies because the company has become increasingly predictable. Apple Must Relearn How to Surprise
• Negative Sentiment: Apple reportedly cut more than 200 positions tied to Siri and the Vision Pro headset while redirecting resources toward future devices. The restructuring may improve efficiency, but it also highlights execution challenges in AI and spatial computing.
• Negative Sentiment: Analysts have warned that Apple’s insulation from macroeconomic and competitive headwinds is fading. With shares trading at a high earnings multiple, investors may be less tolerant of slower growth, regulatory pressure and delays in AI products. Apple’s Immunity to Headwinds Is Fading
• Negative Sentiment: Reports that Apple is quietly shifting attention toward China add geopolitical and demand risk, while its substantial tax settlement and filings highlighting large profits routed through Ireland could renew regulatory scrutiny.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 shares under a prearranged Rule 10b5-1 plan. The transaction is relatively small and does not necessarily signal a change in fundamentals, but it provides a modest negative headline.

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.

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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