Hamel Associates Inc. Sells 2,164 Shares of Apple Inc. $AAPL

Key Points

• Hamel Associates reduced its Apple position by 3.3%, selling 2,164 shares and retaining 62,549 shares worth approximately $15.9 million. Institutional investors collectively own 67.73% of Apple.
• Apple recently exceeded quarterly earnings and revenue expectations, reporting $2.02 in EPS and $109.42 billion in revenue, up 16.4% year over year. However, analysts remain concerned about higher component costs, supply constraints, delayed AI features and a disappointing outlook.
• Apple maintains a “Moderate Buy” consensus rating with an average price target of $330.44, though some firms have downgraded or lowered targets. Shares opened at $309.46, with a P/E ratio of 35.49 and a quarterly dividend of $0.27.

Hamel Associates Inc. lessened its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,549 shares of the iPhone maker's stock after selling 2,164 shares during the quarter. Apple makes up about 4.5% of Hamel Associates Inc.'s holdings, making the stock its 4th biggest holding. Hamel Associates Inc.'s holdings in Apple were worth $15,871,000 at the end of the most recent reporting period.

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

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: India proposed extending tax exemptions for equipment suppliers to contract manufacturers through 2041. The policy could support Apple’s effort to expand iPhone production in India and reduce reliance on China. India proposes extending tax breaks for contract manufacturing in a boost for Apple
• Positive Sentiment: Analysts and bullish investors argue that Apple’s capital-light AI strategy could eventually pay off through its enormous installed base, device upgrades and Services ecosystem, without the infrastructure spending burden faced by hyperscalers. Apple’s AI Strategy Looks Different—Will It Pay Off?
• Positive Sentiment: Apple’s acquisition of PlasmaSolve could improve manufacturing simulations, device coatings and production yields, potentially supporting thinner and stronger future hardware. AAPL Stock Alert: What to Know as Apple Acquires PlasmaSolve
• Neutral Sentiment: Apple asked a U.S. court to block OpenAI and two former employees from using alleged trade secrets. OpenAI has responded by calling the case careless and publishing private communications; the dispute could affect OpenAI’s hardware plans but remains legally unresolved. Apple seeks preliminary injunction against OpenAI in trade secrets case
• Neutral Sentiment: Apple is also challenging a U.K. demand for access to encrypted user data. A favorable outcome could protect its privacy positioning, while prolonged regulatory litigation creates uncertainty. Apple launches fresh legal challenge against UK encrypted data access demand
• Negative Sentiment: The strongest pressure remains financial: Apple exceeded quarterly EPS and revenue estimates, but its outlook was viewed as disappointing. Higher memory and component costs, supply constraints, a Services revenue miss and delayed Apple Intelligence features have undermined confidence in near-term growth.
• Negative Sentiment: China Renaissance, DZ Bank and Phillip Securities downgraded AAPL, citing persistent memory inflation, supply risks and uncertainty over Apple Intelligence returns. With the stock trading around 35 times earnings and a PEG ratio above 2.6, investors are demanding substantial growth to justify the valuation.
• Negative Sentiment: The CEO transition adds execution risk. While some coverage views Cook’s departure as a well-prepared succession, investors will watch whether John Ternus can accelerate AI development and sustain Apple’s growth momentum.

Insiders Place Their Bets

In related news, insider Ben Borders sold 1,274 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

AAPL has been the subject of a number of research reports. Wedbush restated an "outperform" rating and set a $400.00 price objective on shares of Apple in a research report on Friday, June 5th. Barclays reiterated an "underweight" rating and issued a $245.00 target price (down from $253.00) on shares of Apple in a report on Friday. Morgan Stanley reduced their price target on shares of Apple from $364.00 to $360.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. 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. Finally, Bank of America reaffirmed a "buy" rating and set a $380.00 price objective on shares of Apple in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $330.44.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $309.46 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a one year low of $202.16 and a one year high of $344.57. The business's 50-day moving average price is $309.42 and its two-hundred day moving average price is $282.24. The company has a market capitalization of $4.52 trillion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $1.57 EPS. Analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be issued a $0.27 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's dividend payout ratio is currently 12.39%.

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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