Keel Point LLC Sells 21,530 Shares of Apple Inc. $AAPL

Key Points

• Keel Point LLC reduced its Apple stake by 15.1% in the first quarter, selling 21,530 shares and retaining 120,688 shares valued at approximately $30.6 million. Institutional investors collectively own 67.73% of Apple.
• Analysts remain broadly positive, with Apple receiving a consensus “Moderate Buy” rating and an average price target of $328.60. Recent targets included $350 from Wells Fargo, $365 from Citigroup and $380 from Bank of America.
• Apple reported quarterly earnings of $2.02 per share, surpassing estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also paid a quarterly dividend of $0.27 per share, representing a 0.4% yield.

Keel Point LLC decreased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 15.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,688 shares of the iPhone maker's stock after selling 21,530 shares during the period. Apple makes up 2.0% of Keel Point LLC's portfolio, making the stock its 9th biggest position. Keel Point LLC's holdings in Apple were worth $30,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Rainier Family Wealth Inc. grew its stake in Apple by 14.1% during the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after purchasing an additional 3,014 shares in the last quarter. Eaton Cambridge Inc. raised its position in shares of Apple by 21.3% in the 1st quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock valued at $3,545,000 after purchasing an additional 2,450 shares in the last quarter. Torren Management LLC acquired a new position in shares of Apple in the 4th quarter valued at approximately $1,178,000. Summit Wealth Partners LLC boosted its stake in shares of Apple by 108.3% during the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock valued at $8,880,000 after buying an additional 18,188 shares during the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp purchased a new position in shares of Apple during the 4th quarter valued at approximately $105,482,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AAPL shares. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 3rd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a report on Friday, July 31st. Citigroup reiterated a "buy" rating and set a $365.00 price objective (up from $315.00) on shares of Apple in a research note on Monday, July 13th. Bank of America reissued a "buy" rating and set a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Apple in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $328.60.

Apple Price Performance

NASDAQ AAPL opened at $305.93 on Friday. The company has a 50-day moving average price of $308.98 and a two-hundred day moving average price of $285.19. Apple Inc. has a 52 week low of $223.78 and a 52 week high of $344.57. The stock has a market cap of $4.46 trillion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. 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 analysts' consensus estimates of $1.89 by $0.13. The company 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 business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. Analysts forecast that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple's payout ratio is presently 12.39%.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the completion of the transaction, the senior vice president owned 40,107 shares of the company's stock, valued at approximately $12,342,929.25. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ben Borders sold 116 shares of the firm's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly training a China-specific large language model with Alibaba’s support. The initiative could bring Apple Intelligence to Chinese users, improve Apple’s competitive position against Huawei and reduce reliance on third-party AI models in a key market. Apple trains China-specific AI model
• Positive Sentiment: Apple opened an advanced manufacturing center in Houston that will support AI-server production, Mac mini assembly and workforce training. The facility reinforces Apple’s U.S. investment plans and may improve supply-chain resilience and relations with policymakers. Apple opens Houston manufacturing facility
• Positive Sentiment: Apple reportedly received about $2.2 billion in tariff refunds. The cash recovery could offset some trade-related expenses and support near-term earnings and cash flow. Apple tariff refund report
• Positive Sentiment: Apple is discussing usage-based content agreements with publishers to improve the upgraded Siri’s access to current information. A stronger Siri could help narrow Apple’s perceived AI gap and support future services growth. Apple publisher talks for Siri
• Neutral Sentiment: Apple proposed a 15% commission on purchases made through external links in iOS apps amid its continuing legal dispute with Epic. The proposal could preserve some App Store revenue, but the final regulatory and legal outcome remains uncertain. Apple proposes external purchase commission
• Neutral Sentiment: Apple’s valuation remains demanding, with a market capitalization near $4.5 trillion and a forward earnings outlook that leaves the stock sensitive to execution. An insider sale by SVP Jennifer Newstead was disclosed, though such transactions do not necessarily indicate a change in corporate fundamentals. Apple insider sale
• Negative Sentiment: Jefferies downgraded Apple, citing concerns about the canceled or delayed all-glass iPhone concept, limited near-term AI momentum and rising memory-chip costs. Higher component prices could pressure margins and make it harder for Apple to justify its premium valuation. Jefferies Apple downgrade and iPhone concerns
• Negative Sentiment: Google’s Pixel 11 is placing Gemini more deeply into the smartphone experience, raising the competitive stakes for Apple ahead of the iPhone 18 launch and Siri’s broader overhaul.

Apple Company 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.

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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