NewEdge Advisors LLC Sells 66,699 Shares of Apple Inc. $AAPL

Key Points

• NewEdge Advisors reduced its Apple stake by 1.9%, selling 66,699 shares and retaining 3.37 million shares valued at approximately $854.2 million. Apple remains the fund’s largest holding and represents about 3.1% of its portfolio.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst estimates, while revenue grew 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $328.60, though concerns persist over Apple’s premium valuation, delayed all-glass iPhone plans, limited near-term AI momentum and rising component costs.

NewEdge Advisors LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,365,597 shares of the iPhone maker's stock after selling 66,699 shares during the quarter. Apple accounts for about 3.1% of NewEdge Advisors LLC's portfolio, making the stock its largest position. NewEdge Advisors LLC's holdings in Apple were worth $854,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Blue Edge Capital LLC lifted its stake in Apple by 19.2% in the 1st quarter. Blue Edge Capital LLC now owns 66,604 shares of the iPhone maker's stock valued at $16,903,000 after purchasing an additional 10,730 shares during the last quarter. First Nebraska Trust Co acquired a new position in shares of Apple during the first quarter worth $71,001,000. Foguth Wealth Management LLC. increased its holdings in shares of Apple by 13.2% during the first quarter. Foguth Wealth Management LLC. now owns 34,238 shares of the iPhone maker's stock worth $8,689,000 after buying an additional 3,986 shares in the last quarter. Financial Solutions Advisory Group Inc. bought a new position in shares of Apple in the 1st quarter valued at $3,327,000. Finally, Dala Group LLC acquired a new stake in shares of Apple during the 1st quarter valued at $2,699,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AAPL. Evercore restated an "outperform" rating on shares of Apple in a research report on Wednesday, July 8th. Royal Bank Of Canada set a $365.00 target price on Apple in a research report on Wednesday, July 15th. Sanford C. Bernstein reissued an "outperform" rating on shares of Apple in a research note on Monday, June 8th. Raymond James Financial restated a "market perform" rating on shares of Apple in a report on Friday, July 31st. Finally, Robert W. Baird upped their price objective on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $328.60.

Key Headlines Impacting 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 Stock Performance

Shares of AAPL stock opened at $305.93 on Friday. The stock has a market capitalization of $4.46 trillion, a PE ratio of 35.08, a PEG ratio of 2.62 and a beta of 1.09. The business's 50 day simple moving average is $308.98 and its 200 day simple moving average is $285.19. 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 one year low of $223.78 and a one year high of $344.57.

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 (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 EPS. As a group, research analysts forecast that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

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

Insider Buying and Selling at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total transaction of $442,852.25. Following the completion of the sale, the senior vice president directly owned 40,107 shares in the company, valued at approximately $12,342,929.25. This trade represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by insiders.

About Apple

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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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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