Idaho Trust Co Purchases New Stake in Apple Inc. $AAPL

Idaho Trust Co acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,406 shares of the iPhone maker's stock, valued at approximately $1,275,000. Apple comprises 0.4% of Idaho Trust Co's investment portfolio, making the stock its 16th biggest holding.

A number of other large investors also recently added to or reduced their stakes in AAPL. Prospect Hill Management LLC bought a new position in shares of Apple in the 2nd quarter worth $146,370,000. Focus Partners Advisor Solutions LLC bought a new stake in Apple in the second quarter valued at about $168,646,000. Baron Silver Stevens Financial Advisors LLC lifted its stake in Apple by 65.6% in the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 66,717 shares of the iPhone maker's stock valued at $19,305,000 after buying an additional 26,418 shares during the period. Rainier Family Wealth Inc. boosted its holdings in Apple by 14.1% during the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after buying an additional 3,014 shares during the last quarter. Finally, Eaton Cambridge Inc. boosted its holdings 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 buying an additional 2,450 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new iPhone Duo foldable is generating significant investor interest. Analysts and commentators including Jim Cramer and Gary Black believe demand could be substantial, while some coverage suggests the device could expand Apple’s addressable market and support a longer-term upgrade cycle. Jim Cramer on Apple foldable demand
• Positive Sentiment: Several analysts remain bullish. Bank of America reiterated a Buy rating with a $370 price target, JPMorgan reaffirmed its Buy rating, and Morgan Stanley reportedly increased its conviction as Apple’s hardware and AI offerings become more compelling. Bank of America Apple rating
• Positive Sentiment: Apple had a record Emmy performance, taking home the most awards and strengthening Apple TV+’s position in streaming. The recognition could support customer engagement and Apple’s services strategy, although the direct financial effect is difficult to quantify. Apple Emmy coverage
• Neutral Sentiment: Early iPhone 18 Pro delivery times are shorter than last year’s, producing mixed interpretations: they may indicate softer demand, or consumers may be waiting for the foldable Duo. Apple’s stock is also roughly 4% below its recent high, limiting the margin for disappointment.
• Negative Sentiment: Reports describe iPhone 18 Pro demand as lukewarm, with shorter lead times and some indications of surprisingly weak preorders. Investors are concerned that the standard premium iPhone cycle may not justify Apple’s valuation. Apple iPhone 18 Pro demand
• Negative Sentiment: The redesigned Siri is launching under a beta label with language, regional, device and waitlist restrictions. Reported usage caps and response times of five to 15 seconds could delay the expected AI-driven upgrade cycle. Apple Siri AI rollout
• Negative Sentiment: India’s consumer regulator escalated an investigation into Apple’s software warranty terms and repair costs, creating potential regulatory, reputational and financial risk in an important growth market. India investigation into Apple

Apple Price Performance

Shares of NASDAQ AAPL opened at $331.34 on Wednesday. The firm has a market cap of $4.84 trillion, a PE ratio of 38.00, a PEG ratio of 2.89 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 Inc. has a 1-year low of $236.32 and a 1-year high of $344.57. The company has a fifty day moving average price of $319.02 and a 200 day moving average price of $293.47.

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 (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion for 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 company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. Research analysts predict that Apple Inc. will post 8.74 earnings per share 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 given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. UBS Group reaffirmed a "neutral" rating on shares of Apple in a research note on Thursday, September 10th. KGI Securities lowered shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective on the stock. in a research note on Monday, June 22nd. Maxim Group upped their target price on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research note on Friday, July 31st. 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, July 31st. Finally, Rothschild & Co Redburn set a $400.00 price target on shares of Apple and gave the stock a "buy" rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $338.80.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total value of $456,176.74. Following the sale, the senior vice president owned 34,352 shares in the company, valued at approximately $10,897,484.96. The trade was a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 7,194 shares of company stock valued at $2,245,142. 0.06% of the stock is currently owned by company insiders.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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