Overbrook Management Corp Sells 16,695 Shares of Apple Inc. $AAPL

Key Points

• Overbrook Management Corp. reduced its Apple position by 16.3% in the second quarter, selling 16,695 shares and retaining 85,572 shares valued at approximately $24.8 million.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations, while revenue increased 16.4% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $330.61 price target; Apple also pays a quarterly dividend of $0.27 per share.

Overbrook Management Corp decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 16.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,572 shares of the iPhone maker's stock after selling 16,695 shares during the period. Apple accounts for about 3.7% of Overbrook Management Corp's investment portfolio, making the stock its 10th largest holding. Overbrook Management Corp's holdings in Apple were worth $24,761,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First National Bank of Hutchinson lifted its holdings in shares of Apple by 24.6% in the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock valued at $8,845,000 after buying an additional 6,982 shares during the period. Eagle Capital Management LLC grew its holdings in Apple by 0.5% during the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock worth $13,544,000 after acquiring an additional 272 shares during the period. Brighton Jones LLC grew its holdings in Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock worth $134,554,000 after acquiring an additional 69,207 shares during the period. Revolve Wealth Partners LLC raised its position in Apple by 4.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock worth $16,742,000 after acquiring an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE raised its position in Apple by 2.4% in the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock worth $12,587,000 after acquiring an additional 1,155 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $319.97 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market capitalization of $4.67 trillion, a P/E ratio of 36.69, a P/E/G ratio of 2.77 and a beta of 1.08. Apple Inc. has a 52-week low of $225.95 and a 52-week high of $344.57. The company's 50 day simple moving average is $316.41 and its 200-day simple moving average is $290.98.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping 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 firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. The company's revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is 12.39%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAPL. JPMorgan Chase & Co. reduced their price objective on shares of Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Bank of America reiterated a "buy" rating and issued a $380.00 target price on shares of Apple in a report on Thursday, June 18th. Phillip Securities cut shares of Apple from a "hold" rating to a "moderate sell" rating in a report on Monday, August 3rd. DA Davidson restated a "neutral" rating and set a $270.00 target price on shares of Apple in a report on Wednesday, September 2nd. Finally, BTIG Research started coverage on shares of Apple in a research report on Monday, August 17th. They issued a "neutral" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $330.61.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is expected to unveil its first foldable iPhone, alongside the iPhone 18 Pro and Pro Max, at John Ternus’s first major keynote as CEO. Analysts at Morgan Stanley estimate the foldable could represent a roughly $14 billion revenue opportunity if Apple can stimulate premium-device demand. Apple Faces Its Biggest iPhone Test in Years
• Positive Sentiment: Recent iPhone sales growth of more than 20% for three consecutive quarters, a large installed base and potential on-device artificial-intelligence features provide a favorable backdrop for the launch. Apple’s higher Apple TV and Apple One prices could also support Services revenue and margins. Apple’s New Mac Mini and Studio Bet Big on On-Device AI
• Neutral Sentiment: The leadership transition from Tim Cook to John Ternus is placing additional importance on Wednesday’s event. Investors are looking for evidence that Ternus can maintain Apple’s long-term innovation and shareholder-return record while emphasizing hardware development. Tim Cook Delivered a 2,720% Total Return
• Neutral Sentiment: Apple’s broad ecosystem and substantial cash generation remain important supports for the investment case, but the stock’s premium valuation means the market may already be pricing in a successful product cycle and strong demand.
• Negative Sentiment: KeyBanc warned that rising memory and component costs could force Apple to raise prices. Broad price increases could cause “sticker shock” and reduce unit volumes, while selective increases could pressure gross margins. KeyBanc Delivers Stark Warning on Apple Stock
• Negative Sentiment: Huawei and Xiaomi have introduced premium foldable devices ahead of Apple’s launch, intensifying competition—particularly in China, an important but challenging market for Apple. Huawei’s tri-fold Mate XT2 raises the bar on design and pricing. Huawei Unveils New Tri-Fold Smartphone
• Negative Sentiment: Apple faces a costly execution test: a premium foldable near $2,000 must generate meaningful incremental demand without weakening margins or cannibalizing existing iPhone sales. Disappointing specifications, pricing or guidance could weigh on the shares after the event.

Insiders Place Their Bets

In related news, SVP Jennifer Newstead sold 1,439 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ben Borders sold 116 shares of the 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 sale, 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. 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. Insiders have sold 5,872 shares of company stock worth $1,823,201 in the last quarter. 0.06% of the stock is currently owned by corporate 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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