Live Oak Private Wealth LLC Sells 4,270 Shares of Apple Inc. $AAPL

Key Points

• Live Oak Private Wealth LLC reduced its Apple stake by 5.6%, selling 4,270 shares in the second quarter and retaining 72,557 shares valued at approximately $21.0 million. Apple remains the firm’s third-largest holding and represents 2.7% of its portfolio.
• Apple insiders sold 13,430 shares worth roughly $4.34 million over the past three months, including SVP Jennifer Newstead’s sale of 2,399 shares. Institutional investors collectively own 67.73% of Apple.
• Apple reported better-than-expected quarterly results, with $2.02 in EPS and $109.42 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $340.02. The company also pays a quarterly dividend of $0.27 per share.

Live Oak Private Wealth LLC cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,557 shares of the iPhone maker's stock after selling 4,270 shares during the period. Apple comprises about 2.7% of Live Oak Private Wealth LLC's holdings, making the stock its 3rd largest position. Live Oak Private Wealth LLC's holdings in Apple were worth $20,995,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sterling Wealth Management Inc. increased its holdings in Apple by 0.3% in the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock valued at $3,351,000 after purchasing an additional 30 shares in the last quarter. Evansbrook LLC raised its position in Apple by 0.4% in the first 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. lifted its stake in shares of Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after purchasing an additional 35 shares in the last quarter. Advocate Investing Services LLC boosted its position in shares of Apple by 0.5% in the second quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock worth $2,271,000 after buying an additional 39 shares during the period. Finally, Interactive Financial Advisors Inc. boosted its position in shares of Apple by 4.0% in the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after buying an additional 40 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president owned 41,992 shares in the company, valued at $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 13,430 shares of company stock valued at $4,342,255 over the last three months. 0.06% of the stock is owned by insiders.

Apple Price Performance

Shares of AAPL stock opened at $333.69 on Friday. The firm has a market cap of $4.87 trillion, a P/E ratio of 38.27, a P/E/G ratio of 2.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34. The firm has a fifty day moving average of $322.16 and a two-hundred day moving average of $300.01.

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, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The company's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, research analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's payout ratio is currently 12.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AAPL shares. HSBC reiterated a "buy" rating and set a $366.00 target price on shares of Apple in a report on Tuesday, September 8th. Morgan Stanley set a $355.00 target price on shares of Apple and gave the stock an "overweight" rating in a research report on Thursday. Raymond James Financial restated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. CICC Research lifted their price target on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Finally, Seaport Research Partners lowered shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $340.02.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Apple Company 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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