Mcdonald Partners LLC Sells 14,135 Shares of Apple Inc. $AAPL

Key Points

• Mcdonald Partners LLC reduced its Apple stake by 23.4% in the second quarter, selling 14,135 shares and retaining 46,343 shares worth approximately $13.41 million. Apple remains 3.3% of the firm’s portfolio and its sixth-largest holding.
• Apple shares recently traded at $325.13, up 2.6%, with a market capitalization of about $4.75 trillion. The company’s latest quarterly results exceeded expectations, including $2.02 in EPS and $109.42 billion in revenue, with revenue up 16.4% year over year.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $330.61 price target, though ratings range from “Strong Buy” to “Sell.” Investors continue to weigh upcoming product momentum and AI opportunities against valuation, memory-cost pressures and Apple’s perceived AI shortcomings.

Mcdonald Partners LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 23.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,343 shares of the iPhone maker's stock after selling 14,135 shares during the period. Apple accounts for 3.3% of Mcdonald Partners LLC's investment portfolio, making the stock its 6th biggest position. Mcdonald Partners LLC's holdings in Apple were worth $13,410,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Evansbrook LLC increased its stake in shares of Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after acquiring an additional 34 shares during the last quarter. JMG Financial Group Ltd. boosted its position in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after acquiring an additional 35 shares during the last quarter. Reyes Financial Architecture Inc. boosted its position in shares of Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock worth $2,520,000 after acquiring an additional 37 shares during the last quarter. Interactive Financial Advisors Inc. grew its holdings in Apple by 4.0% in the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after purchasing an additional 40 shares during the period. Finally, Sugar Maple Asset Management LLC grew its holdings in Apple by 2.0% in the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock valued at $515,000 after purchasing an additional 40 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: John Ternus takes over with an encouraging product message: The longtime hardware engineering chief officially became CEO, while Tim Cook remains as executive chairman. Ternus reportedly told employees that a “huge” and “phenomenal” iPhone launch is coming next week, supporting expectations for strong product momentum and potential interest in a foldable iPhone. John Ternus hypes huge launch next week in first memo as Apple CEO
• Positive Sentiment: Analyst optimism is providing additional support: Bank of America reiterated a Buy rating and a $380 price target, citing an opportunity for Apple to achieve “device dominance” in the AI era. Rosenblatt also raised its target to $303, though it maintained a Neutral rating, underscoring the mixed outlook at current prices. Bank of America sees device dominance ahead
• Positive Sentiment: Services and Mac demand remain potential growth catalysts: Apple’s price increases for Apple TV and Apple One highlight ecosystem pricing power and could lift high-margin services revenue. Separately, reported shortages of high-memory Mac mini and Mac Studio models suggest developers and businesses may be using Apple Silicon for local AI workloads. Cook out, Silicon in: Will Ternus trigger Apple’s edge AI boom?
• Neutral Sentiment: Continuity may reduce transition risk: Cook’s $47 million compensation package as executive chair signals that he will remain influential, including on government and strategic matters. However, Ternus must establish authority while succeeding a CEO whose tenure produced extraordinary shareholder returns. Tim Cook to be paid $47 million as Apple’s executive chair
• Negative Sentiment: Key risks remain concentrated in AI, costs and valuation: Apple is still viewed as behind rivals in AI and faces pressure to improve Siri. Memory shortages could weigh on hardware margins, while shares trade near record levels at roughly 37 times earnings. Apple also faces an escalating trade-secret lawsuit with OpenAI, which has called the claims baseless. Apple enters John Ternus era as AI challenges and memory crunch intensify

Analyst Ratings Changes

A number of research firms have weighed in on AAPL. DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price target on the stock. in a research note on Tuesday, August 4th. UBS Group reissued a "neutral" rating on shares of Apple in a research note on Friday, July 31st. Wedbush reissued an "outperform" rating and set a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. Jefferies Financial Group downgraded Apple from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $285.56 to $263.66 in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. cut their target price on Apple from $345.00 to $340.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $330.61.

Apple Trading Up 2.6%

Shares of AAPL stock opened at $325.13 on Wednesday. The stock has a market cap of $4.75 trillion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a fifty-two week low of $225.95 and a fifty-two week high of $344.57. The firm's 50 day moving average price is $313.24 and its two-hundred day moving average price is $289.18.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. On average, analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given a dividend of $0.27 per share. 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 is 12.39%.

Insiders Place Their Bets

In related news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total value of $447,457.05. Following the completion of the transaction, the senior vice president directly owned 37,229 shares in the company, valued at $11,576,357.55. This trade represents a 3.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 4,433 shares of company stock valued at $1,367,024. 0.06% of the stock is owned by corporate insiders.

Apple 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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