Apple Inc. $AAPL Stock Holdings Trimmed by Insight Advisors LLC PA

Insight Advisors LLC PA trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 6.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 76,241 shares of the iPhone maker’s stock after selling 5,525 shares during the quarter. Apple accounts for about 3.7% of Insight Advisors LLC PA’s holdings, making the stock its 6th biggest holding. Insight Advisors LLC PA’s holdings in Apple were worth $19,349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAPL. a16z Perennial Management L.P. boosted its stake in shares of Apple by 3.6% during the first quarter. a16z Perennial Management L.P. now owns 25,820 shares of the iPhone maker’s stock valued at $6,553,000 after purchasing an additional 900 shares during the period. Westpac Banking Corp boosted its position in Apple by 2.3% during the 1st quarter. Westpac Banking Corp now owns 365,000 shares of the iPhone maker’s stock valued at $92,633,000 after acquiring an additional 8,091 shares in the last quarter. Chase Investment Counsel Corp grew its stake in Apple by 85.5% in the first quarter. Chase Investment Counsel Corp now owns 4,600 shares of the iPhone maker’s stock worth $1,167,000 after purchasing an additional 2,120 shares during the period. Phillip James Consulting Co. lifted its position in Apple by 2.2% during the 1st quarter. Phillip James Consulting Co. now owns 6,270 shares of the iPhone maker’s stock valued at $1,591,000 after acquiring an additional 136 shares during the period. Finally, Fortis Capital Management LLC lifted its holdings in shares of Apple by 17.2% during the first quarter. Fortis Capital Management LLC now owns 84,002 shares of the iPhone maker’s stock valued at $21,319,000 after purchasing an additional 12,333 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In related news, insider Ben Borders sold 116 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent analyst reports. Royal Bank Of Canada set a $365.00 target price on shares of Apple in a report on Wednesday, July 15th. Phillip Securities cut Apple from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 3rd. TD Cowen boosted their price objective on shares of Apple from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, July 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $360.00 target price (down from $370.00) on shares of Apple in a report on Friday, July 31st. Finally, Rosenblatt Securities raised their price target on Apple from $276.00 to $300.00 and gave the company a “neutral” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $330.44.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

Apple Stock Up 0.3%

Shares of NASDAQ AAPL opened at $313.33 on Friday. The stock has a market capitalization of $4.57 trillion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 2.68 and a beta of 1.09. Apple Inc. has a 12-month low of $219.25 and a 12-month high of $344.57. The firm’s 50-day moving average price is $309.45 and its 200-day moving average price is $283.23. 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) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion during 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%.The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 EPS. On average, equities research analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be 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 is Monday, August 10th. Apple’s payout ratio is 12.39%.

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.