Greenleaf Trust Decreases Stock Holdings in Apple Inc. $AAPL

Key Points

• Greenleaf Trust reduced its Apple holdings by 1.9% in the second quarter, selling 12,136 shares and retaining 625,953 shares valued at approximately $181.1 million. Apple remains the trust’s fifth-largest position, representing about 1.7% of its portfolio.
• Institutional sentiment was broadly positive, with several firms increasing their Apple stakes; hedge funds and other institutions collectively own 67.73% of the stock.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, both ahead of expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $340.14, while investors are also weighing product expansion, restructuring plans and competitive, cybersecurity and legal risks.

Greenleaf Trust decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 625,953 shares of the iPhone maker's stock after selling 12,136 shares during the period. Apple comprises approximately 1.7% of Greenleaf Trust's holdings, making the stock its 5th largest position. Greenleaf Trust's holdings in Apple were worth $181,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Advisors Inc. OK lifted its stake in shares of Apple by 0.4% during the 2nd quarter. Capital Advisors Inc. OK now owns 882,325 shares of the iPhone maker's stock valued at $255,310,000 after buying an additional 3,851 shares in the last quarter. Trustmark Bank Trust Department increased its stake in Apple by 3.6% in the 2nd quarter. Trustmark Bank Trust Department now owns 107,001 shares of the iPhone maker's stock worth $30,962,000 after buying an additional 3,735 shares in the last quarter. New Mexico Educational Retirement Board increased its stake in Apple by 7.4% in the 2nd quarter. New Mexico Educational Retirement Board now owns 730,545 shares of the iPhone maker's stock worth $211,391,000 after buying an additional 50,181 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in Apple by 3.6% during the second quarter. Royal London Asset Management Ltd. now owns 10,335,156 shares of the iPhone maker's stock valued at $2,990,581,000 after acquiring an additional 355,942 shares during the period. Finally, Mufg Securities Americas Inc. raised its holdings in Apple by 8.9% during the second quarter. Mufg Securities Americas Inc. now owns 442,363 shares of the iPhone maker's stock valued at $128,002,000 after acquiring an additional 36,213 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total value of $815,803.94. Following the sale, the senior vice president owned 44,391 shares in the company, valued at approximately $15,095,603.46. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 11,031 shares of company stock valued at $3,535,759 over the last ninety days. Company insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of Apple stock opened at $333.02 on Thursday. The stock has a 50 day moving average of $321.97 and a 200 day moving average of $299.21. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $345.34. The firm has a market cap of $4.86 trillion, a PE ratio of 38.19, a PEG ratio of 2.86 and a beta of 1.08. 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 quarterly 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 business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is 12.39%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AAPL shares. Piper Sandler assumed coverage on Apple in a research note on Monday, August 17th. They issued an "overweight" rating for the company. The Goldman Sachs Group initiated coverage on Apple in a research note on Monday, August 17th. They set a "buy" rating on the stock. CICC Research boosted their price target on Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Rosenblatt Securities restated a "neutral" rating and issued a $303.00 price target on shares of Apple in a research note on Thursday, September 10th. Finally, Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $340.14.

Apple Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

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.