Shira Ridge Wealth Management Sells 3,130 Shares of Apple Inc. $AAPL

Key Points

• Shira Ridge Wealth Management reduced its Apple stake by 10.8% in the second quarter, selling 3,130 shares and retaining 25,843 shares valued at approximately $7.48 million. Apple remains about 2.6% of the fund’s portfolio.
• Analysts maintain a generally positive outlook, with Apple carrying a “Moderate Buy” consensus rating and an average price target of $330.53, despite some target reductions and one downgrade to “Moderate Sell.”
• Apple’s latest quarterly results exceeded expectations, with EPS of $2.02 and revenue of $109.42 billion, up 16.4% year over year. Shares opened at $310.34, while the company continues to face AI execution, regulatory and supply-chain considerations.

Shira Ridge Wealth Management lowered its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 10.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,843 shares of the iPhone maker's stock after selling 3,130 shares during the period. Apple makes up approximately 2.6% of Shira Ridge Wealth Management's holdings, making the stock its 13th biggest position. Shira Ridge Wealth Management's holdings in Apple were worth $7,478,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Apple

In other news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider 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 filing with the SEC, which can be accessed 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 18th. The stock was sold at an average price of $307.49, for a total transaction of $442,478.11. Following the transaction, the senior vice president directly owned 38,668 shares of the company's stock, valued at $11,890,023.32. The trade was a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,994 shares of company stock worth $919,567 in the last three months. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AAPL shares. Morgan Stanley lowered their price target on Apple from $364.00 to $360.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Phillip Securities cut Apple from a "hold" rating to a "moderate sell" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. decreased their target price on Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada set a $365.00 price target on Apple in a research report on Wednesday, July 15th. Finally, Rothschild & Co Redburn set a $400.00 price target on Apple and gave the stock a "buy" rating in a report on Monday, August 17th. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $330.53.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s restrained infrastructure spending is increasingly viewed as an advantage while other large technology companies spend heavily on AI data centers. Investors appear to be rewarding the prospect of strong AI-related products without comparable capital-investment pressure. Apple Rises as Investors Flee the AI Spending Arms Race
• Positive Sentiment: Recent coverage highlighted Apple’s record quarterly performance, including earnings and revenue above analyst expectations. The results reinforce the company’s financial momentum and provide support for the stock. Q2 Earnings Season Winds Down: 3 Companies That Broke Records
• Positive Sentiment: Reports of a premium foldable iPhone expected in early September, along with a possible iPhone 18 cycle, are boosting expectations for a meaningful product refresh and higher average selling prices. However, memory shortages could also raise the device’s cost and weigh on demand. Apple to launch $2,000-plus foldable iPhone Ultra
• Positive Sentiment: Apple is reportedly developing a China-specific large language model with Alibaba’s support, potentially improving its ability to offer AI services in a strategically important market. Apple’s China AI Strategy
• Neutral Sentiment: Apple is cutting more than 200 positions in Siri, Vision Pro and related teams to redirect resources toward AI, smart glasses and other hardware. The move may improve long-term focus but also underscores weak Vision Pro traction and delays in Apple’s AI execution. Apple Cuts 200 Jobs in Siri and Vision Pro
• Negative Sentiment: Apple’s revised European App Store terms reduce its standard commission from 30% to 26% and set a 5% fee for alternative app-store transactions. While the changes could ease regulatory conflict, they pressure high-margin services revenue and reflect continuing EU scrutiny. Apple Cut Its Standard EU App Store Commission
• Negative Sentiment: Reports that Apple may source memory chips from China’s CXMT highlight ongoing supply constraints and could weaken the position of existing suppliers. For Apple, the move may lower costs, but it also introduces geopolitical, qualification and supply-chain risks. Memory Stocks Slide on Report Apple May Source Chinese Chips

Apple Price Performance

Shares of NASDAQ:AAPL opened at $310.34 on Tuesday. Apple Inc. has a 1-year low of $224.69 and a 1-year high of $344.57. The firm has a market capitalization of $4.53 trillion, a PE ratio of 35.59, a PEG ratio of 2.65 and a beta of 1.09. The business's 50 day moving average is $310.91 and its 200-day moving average is $287.45. 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 released its quarterly earnings data 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. The business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 earnings per share. Sell-side analysts predict that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders 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 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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