Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Sells 59,738 Shares of Apple Inc. $AAPL

Key Points

• Retail Employees Superannuation Trust cut its Apple position by 45.1% in the second quarter, selling 59,738 shares and retaining 72,632 shares valued at approximately $21.0 million.
• Analysts maintain a broadly positive outlook, with Apple carrying a “Moderate Buy” consensus rating and an average price target of $330.53, despite some hold and sell ratings.
• Apple reported strong quarterly results, exceeding earnings and revenue estimates with revenue up 16.4% year over year, while investors continue to monitor leadership succession, AI execution and potential pricing pressure from rising component costs.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 45.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,632 shares of the iPhone maker's stock after selling 59,738 shares during the period. Apple accounts for about 5.6% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's portfolio, making the stock its 5th largest holding. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's holdings in Apple were worth $21,017,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lifetime Wealth Management P.C. purchased a new position in Apple in the 4th quarter valued at $41,000. ROSS JOHNSON & Associates LLC grew its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Apple in the fourth quarter valued at about $65,000. Timmons Wealth Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at about $69,000. Finally, Inspire Investing LLC purchased a new position in shares of Apple in the fourth quarter worth about $76,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AAPL. Rosenblatt Securities boosted their price target on shares of Apple from $276.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Tigress Financial reissued a "strong-buy" rating and issued a $375.00 target price (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. Bank of America restated a "buy" rating and set a $380.00 target price on shares of Apple in a report on Thursday, June 18th. Needham & Company LLC restated a "hold" rating on shares of Apple in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their price target on Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average target price of $330.53.

Insider Buying and Selling

In related news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was 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 approximately $11,576,357.55. This represents a 3.72% decrease in their ownership of the stock. 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 the firm's 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 sale, 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 position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 4,433 shares of company stock worth $1,367,024 over the last quarter. 0.06% of the stock is currently owned by insiders.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s leadership handoff could support innovation: Ternus is a longtime hardware executive and product builder, while Cook will remain with Apple as executive chairman. Investors are also looking ahead to the company’s September 9 product event, which could feature new iPhones and other devices. Apple To Begin New Chapter With CEO John Ternus
• Positive Sentiment: Several reports highlight continuing operating strengths, including strong iPhone share, potential gains as global smartphone shipments weaken, robust recent earnings, and increased fiscal-year EPS estimates. Apple’s planned U.S. manufacturing and AI-server investment could also reduce tariff and supply-chain exposure. Global Phone Shipments Drop, but Apple Positioned for Record iOS Market Share Gain
• Neutral Sentiment: Cook’s departure is being viewed as both a successful succession plan and a major test. His final message endorsed Ternus and emphasized continuity, but investors will judge the new CEO quickly based on the fall product cycle, Siri and Apple’s broader AI strategy. John Ternus to lead Apple into the age of AI
• Negative Sentiment: Apple’s AI strategy remains a key concern because it relies substantially on outside partners while rivals are perceived as farther ahead. At the same time, veteran executive Phil Schiller relinquished oversight of the App Store and product events, adding uncertainty during the CEO change. Apple's top App Store executive departs operational roles
• Negative Sentiment: Rising memory costs reportedly prompted significant Mac and iPad price increases, potentially pressuring demand. Apple also disclosed allegations in a trade-secret lawsuit that an OpenAI employee accessed a circuit schematic, creating legal and competitive-risk headlines. Apple alleges OpenAI employee accessed circuit plans
• Negative Sentiment: Monday’s wider market selloff, linked to escalating U.S.-Iran tensions, also weighed on large technology stocks and added pressure to AAPL.

Apple Price Performance

Apple stock opened at $316.85 on Tuesday. Apple Inc. has a 12-month low of $225.95 and a 12-month high of $344.57. The stock has a market cap of $4.62 trillion, a P/E ratio of 36.34, a PEG ratio of 2.74 and a beta of 1.09. The company has a 50-day moving average price of $312.63 and a 200 day moving average price of $288.83. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for 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%. Apple's revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 EPS. Sell-side analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

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

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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