Kozak & Associates Inc. Sells 6,908 Shares of Apple Inc. $AAPL

Key Points

• Kozak & Associates reduced its Apple position by 8% in the second quarter, selling 6,908 shares and retaining 79,317 shares valued at approximately $23.35 million. Apple represents 4.1% of the firm’s portfolio, while institutional investors collectively own 67.73% of the stock.
• Apple reported stronger-than-expected quarterly results, with earnings of $2.02 per share and revenue of $109.42 billion, up 16.4% year over year. The company also maintained a quarterly dividend of $0.27 per share, equivalent to a 0.4% annual yield.
• Analyst sentiment remains broadly positive, with Apple carrying a “Moderate Buy” consensus rating and a $330.53 average price target, although recent downgrades, elevated valuation, regulatory changes and supply-chain concerns remain risks.

Kozak & Associates Inc. cut its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,317 shares of the iPhone maker's stock after selling 6,908 shares during the period. Apple comprises 4.1% of Kozak & Associates Inc.'s portfolio, making the stock its 11th largest holding. Kozak & Associates Inc.'s holdings in Apple were worth $23,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Box Hill Private Wealth LLC lifted its stake in shares of Apple by 10.3% during the 2nd quarter. Box Hill Private Wealth LLC now owns 10,551 shares of the iPhone maker's stock valued at $3,053,000 after buying an additional 989 shares in the last quarter. Asset Management Advisors LLC increased its stake in Apple by 2.3% in the 2nd quarter. Asset Management Advisors LLC now owns 34,343 shares of the iPhone maker's stock worth $9,937,000 after buying an additional 760 shares in the last quarter. Diesslin Group Inc. increased its stake in Apple by 1.2% in the 2nd quarter. Diesslin Group Inc. now owns 14,993 shares of the iPhone maker's stock worth $4,338,000 after buying an additional 181 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in Apple by 3.3% during the second quarter. Cedar Mountain Advisors LLC now owns 10,453 shares of the iPhone maker's stock valued at $3,025,000 after acquiring an additional 330 shares during the period. Finally, SWP Investment Management LLC lifted its position in shares of Apple by 3.9% in the second quarter. SWP Investment Management LLC now owns 21,036 shares of the iPhone maker's stock valued at $6,087,000 after acquiring an additional 780 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $307.75, for a total transaction of $442,852.25. Following the completion of the transaction, the senior vice president directly owned 40,107 shares of the company's stock, valued at $12,342,929.25. The trade was a 3.46% 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. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction dated Tuesday, June 16th. The stock was 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 of the company's stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Down 0.1%

NASDAQ AAPL opened at $305.59 on Tuesday. The stock has a 50 day moving average price of $309.06 and a 200-day moving average price of $285.73. Apple Inc. has a one year low of $223.78 and a one year high of $344.57. 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 company has a market capitalization of $4.46 trillion, a P/E ratio of 35.04, a P/E/G ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate 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 net margin of 27.62% and a return on equity of 135.46%. Apple's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.57 earnings per share. As a group, equities analysts predict that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued 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 0.4%. Apple's payout ratio is 12.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Jefferies Financial Group downgraded Apple from a "buy" rating to an "underperform" rating and decreased their target price for the company from $285.56 to $263.66 in a research note on Monday, August 10th. UBS Group reissued a "neutral" rating on shares of Apple in a report on Friday, July 31st. China Renaissance downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $280.00 price target on the stock. in a report on Tuesday, August 4th. Finally, Wedbush reissued an "outperform" rating and set a $400.00 price objective on shares of Apple in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $330.53.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Rothschild & Co. Redburn upgraded Apple to Buy from Neutral and raised its price target to $400 from $260. The firm cited potential growth from a premium foldable iPhone and a strategic reset of Apple Intelligence, while suggesting Apple could use Nvidia’s open-source AI models to improve its position. Apple Stock Got an Upgrade. It Could Be the AI Gatekeeper.
• Positive Sentiment: Antitrust relief removes a legal overhang. Apple reportedly won significant relief in an antitrust battle, potentially reducing regulatory risk around its App Store and business practices. Apple Wins Major Relief in Antitrust Battle
• Positive Sentiment: Pre-iPhone event demand appears supportive. A KeyBanc survey indicated improving consumer spending ahead of Apple’s expected September product launch, providing a potential near-term catalyst for iPhone sales. Why Investors Should Consider Buying Apple Stock Ahead of Its September iPhone Event
• Neutral Sentiment: Apple is changing European app-tracking consent rules following a German competition investigation. The changes may benefit Meta and advertisers, but could reduce some of Apple’s control over data-related monetization. Apple to change app data consent rules, German regulator says
• Negative Sentiment: Memory-chip sourcing is a growing risk. The Trump administration urged Apple not to buy Chinese memory chips because of national-security concerns. Complying could raise component costs, while defying the request could create political or supply-chain complications. Apple May Buy Chinese Memory Chips Despite US Request
• Negative Sentiment: Valuation and execution concerns remain. At roughly $306 and about 35 times earnings, bearish commentary argues that much of Apple’s quality is already reflected in the price and that AI progress may not justify a higher multiple. Apple's Red Flags Are Real and Signal Trouble
• Negative Sentiment: Security and App Store-management reports add reputational risk. Investigators reported an unusually large number of spyware alerts affecting Apple users, while DefiLlama said fake apps delayed its launch. Apple has also patched a critical macOS flaw exploited for cryptocurrency mining. Unprecedented number of Apple users received recent spyware alert

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.

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