Hardin Capital Partners LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 32.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,901 shares of the iPhone maker's stock after selling 1,883 shares during the quarter. Hardin Capital Partners LLC's holdings in Apple were worth $1,122,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evansbrook LLC grew its stake in Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after purchasing an additional 34 shares during the period. JMG Financial Group Ltd. increased its position in shares of Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after purchasing an additional 35 shares during the last quarter. Reyes Financial Architecture Inc. raised its stake in shares of Apple by 0.4% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock worth $2,520,000 after purchasing an additional 37 shares during the period. Interactive Financial Advisors Inc. raised its stake in shares of Apple by 4.0% during the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after purchasing an additional 40 shares during the period. Finally, Sugar Maple Asset Management LLC boosted its holdings in shares of Apple by 2.0% in the 1st quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock worth $515,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.
Apple News Summary
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple is increasingly viewed as a defensive Big Tech holding because it relies less on massive AI infrastructure spending than peers. Analysts also describe the company as an underappreciated AI beneficiary, supporting demand for the stock during technology-sector volatility. Apple Holds Firm as Investors Seek Big Tech's Defensive Outlier
- Positive Sentiment: Upcoming product catalysts—including a potential foldable iPhone, camera-equipped AI AirPods targeted for 2027, new Apple silicon and expanded Siri AI capabilities—could support a stronger product cycle. One analyst estimates foldable iPhone sales could reach 14 million units by 2027. Apple’s Foldable iPhone Opportunity
- Positive Sentiment: Bank of America reiterated a Buy rating ahead of incoming CEO John Ternus’s September 1 transition, while Redburn upgraded Apple. The bullish case centers on renewed innovation and stronger AI investment under new leadership. Apple Must Relearn How to Surprise Under New CEO Ternus
- Positive Sentiment: Apple and Samsung are gaining share in India as higher chip costs pressure lower-priced Chinese smartphone competitors, potentially improving Apple’s premium-market opportunity. Chip Squeeze Hits Chinese Smartphones in India
- Neutral Sentiment: Senior Vice President Jennifer Newstead sold 1,439 shares for approximately $442,000, reducing her holdings by 3.59%. The transaction was disclosed in an SEC filing but is relatively small compared with her remaining stake.
- Negative Sentiment: Investors remain concerned that Apple has become predictable and dependent on incremental improvements. The CEO transition creates execution risk, with Ternus expected to decide whether to materially increase spending to compete in AI. Apple Has Gotten Too Predictable
- Negative Sentiment: Reports that App Store commission revenue declined 18%, alongside continuing legal and regulatory challenges, raise questions about the durability of Apple’s high-margin Services growth. Apple’s App Store Commission Revenue Reportedly Drops
Apple Stock Performance
NASDAQ AAPL opened at $311.30 on Friday. The firm has a market cap of $4.54 trillion, a P/E ratio of 35.70, a price-to-earnings-growth ratio of 2.71 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. The company's 50 day moving average is $310.26 and its 200-day moving average is $286.89. Apple Inc. has a 12-month low of $223.78 and a 12-month high of $344.57.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period last year, the firm earned $1.57 EPS. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 8.76 earnings per share for the current year.
Apple Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio is currently 12.39%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on AAPL shares. UBS Group restated a "neutral" rating on shares of Apple in a research report on Friday, July 31st. Wedbush reiterated an "outperform" rating and issued a $400.00 target price on shares of Apple in a research note on Friday, June 5th. BTIG Research began coverage on shares of Apple in a research report on Monday. They set a "neutral" rating for the company. China Renaissance lowered shares of Apple from a "buy" rating to a "hold" rating and set a $280.00 price target for the company. in a research note on Tuesday, August 4th. Finally, Robert W. Baird lifted their price target on shares of Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $330.53.
Read Our Latest Research Report on AAPL
Insiders Place Their Bets
In other news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total value of $442,478.11. Following the completion of the transaction, the senior vice president directly owned 38,668 shares of the company's stock, valued at $11,890,023.32. This trade represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ben Borders sold 116 shares of the company's stock in a transaction dated 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 owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 2,994 shares of company stock valued at $919,567 over the last ninety days. Corporate insiders own 0.06% of the company's stock.
About Apple
(
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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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.
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