IKE Capital LLC Sells 1,707 Shares of Apple Inc. $AAPL

Key Points

• IKE Capital reduced its Apple stake by 5.7% in the second quarter, selling 1,707 shares and retaining 28,403 shares valued at approximately $8.2 million. Apple remains the firm’s fourth-largest holding and represents 4.2% of its portfolio.
• Institutional ownership remains high at 67.73%, although Apple insiders have sold about 279,383 shares worth $92.9 million over the past quarter, including sales by senior executives to cover tax obligations.
• Apple’s outlook is mixed: analysts maintain a broadly positive “Moderate Buy” consensus with an average $340.39 price target, while investors weigh strong premium iPhone demand and potential new products against Starlink competition, supplier order cuts and rising memory costs.

IKE Capital LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,403 shares of the iPhone maker's stock after selling 1,707 shares during the period. Apple accounts for 4.2% of IKE Capital LLC's portfolio, making the stock its 4th biggest position. IKE Capital LLC's holdings in Apple were worth $8,219,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Reynders McVeigh Capital Management LLC grew its position in Apple by 29.2% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 600,912 shares of the iPhone maker's stock worth $177,300,000 after purchasing an additional 135,884 shares during the last quarter. Revere Asset Management Inc raised its holdings in shares of Apple by 5.1% during the second quarter. Revere Asset Management Inc now owns 1,443 shares of the iPhone maker's stock valued at $418,000 after buying an additional 70 shares during the last quarter. Bullseye Investment Management LLC bought a new stake in shares of Apple during the second quarter valued at approximately $284,000. Talon Private Wealth LLC boosted its position in shares of Apple by 11.5% during the second quarter. Talon Private Wealth LLC now owns 24,561 shares of the iPhone maker's stock worth $7,107,000 after buying an additional 2,543 shares during the period. Finally, Marathon Wealth Advisors LLC boosted its position in shares of Apple by 0.3% during the second quarter. Marathon Wealth Advisors LLC now owns 39,328 shares of the iPhone maker's stock worth $11,380,000 after buying an additional 115 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 279,383 shares of company stock worth $92,912,517. Company insiders own 0.06% of the company's stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: JPMorgan raised its Apple price target from $340 to $360 and maintained an “Overweight” rating, citing improved iPhone 18 Pro demand. Bank of America reiterated its Buy rating and kept a $370 target, viewing potential Starlink competition as manageable. Apple Stock Climbs as JPMorgan Lifts Target, BofA Reiterates Buy
• Positive Sentiment: Apple reportedly reached a 22% share of the global smartphone market in the third quarter, supported by premium iPhone 18 Pro demand despite an overall industry shipment decline. Reports of strong orders for a new foldable iPhone also provided an additional growth narrative. Apple Stock Nears Record High as iPhone Market Share Hits 22%
• Positive Sentiment: Investors are anticipating Apple’s expanded smart-home strategy, including a rumored HomeView hub and updated Apple TV and HomePod mini. A successful launch could strengthen Apple’s ecosystem and open a new product category. Will the HomeView Be Apple’s First Smart Home Success?
• Neutral Sentiment: CEO succession is proceeding with John Ternus replacing Tim Cook, while Cook becomes executive chairman. Apple also met with Chinese officials, underscoring the importance of maintaining stable business and trade relations in its largest overseas market. Tim Cook Meets China’s Vice Premier
• Negative Sentiment: SpaceX’s planned Starlink mobile service could pressure wireless-carrier subsidies that support iPhone sales and eventually create a competing smartphone ecosystem. SpaceX’s Starlink Could Pose Risks to Apple
• Negative Sentiment: Reported supplier order reductions and rising memory costs are renewing concerns about iPhone 18 demand and margins. Google’s integration of wearable data with more than 160 lab tests also increases competition for Apple’s health-platform advantage. iPhone 18 Demand and Supplier Order Cuts

Apple Price Performance

Shares of NASDAQ:AAPL opened at $340.97 on Tuesday. The company has a market capitalization of $4.98 trillion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The stock has a fifty day moving average of $323.36 and a 200-day moving average of $303.99. Apple Inc. has a one year low of $243.42 and a one year high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. As a group, equities analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given a $0.27 dividend. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada set a $365.00 price objective on Apple in a report on Wednesday, July 15th. China Renaissance downgraded Apple from a "buy" rating to a "hold" rating and cut their target price for the company from $329.00 to $280.00 in a research note on Tuesday, August 4th. The Goldman Sachs Group started coverage on Apple in a research report on Monday, August 17th. They set a "buy" rating for the company. Wells Fargo & Company reiterated an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Finally, Piper Sandler assumed coverage on Apple in a research note on Monday, August 17th. They issued an "overweight" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average target price of $340.39.

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.

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