Neville Rodie & Shaw Inc. Has $127.39 Million Stock Position in Apple Inc. $AAPL

Neville Rodie & Shaw Inc. lessened its position in Apple Inc. (NASDAQ:AAPL) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 440,265 shares of the iPhone maker’s stock after selling 2,645 shares during the period. Apple comprises approximately 8.2% of Neville Rodie & Shaw Inc.’s holdings, making the stock its biggest holding. Neville Rodie & Shaw Inc.’s holdings in Apple were worth $127,395,000 as of its most recent filing with the SEC.

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

Insider Transactions at Apple

In other news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider 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 sale was disclosed in a document filed 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. Also, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total transaction of $442,852.25. Following the sale, the senior vice president owned 40,107 shares of the company’s stock, valued at approximately $12,342,929.25. This represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 1.5%

NASDAQ:AAPL opened at $310.03 on Wednesday. The stock’s fifty day moving average price is $309.45 and its two-hundred day moving average price is $286.11. Apple Inc. has a 52-week low of $223.78 and a 52-week high of $344.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market cap of $4.52 trillion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same period last year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, analysts anticipate that Apple Inc. will post 8.76 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. 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 currently 12.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AAPL shares. Barclays reaffirmed an “underweight” rating and set a $245.00 price target (down from $253.00) on shares of Apple in a report on Friday, July 31st. Oppenheimer restated a “market perform” rating on shares of Apple in a report on Friday, July 31st. Robert W. Baird raised their target price on Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. KeyCorp reaffirmed an “underweight” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, July 28th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Apple in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $330.53.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple will replace the European Union’s controversial per-install Core Technology Fee with a simpler 5% commission on digital transactions for apps distributed outside the App Store or through alternative marketplaces. The changes, effective October 1, are intended to resolve disputes related to the EU’s Digital Markets Act and reduce regulatory uncertainty. Apple overhauls Europe app store fees to resolve payments clash
• Positive Sentiment: Apple is also making it easier for developers to operate alternative app stores in Europe. Investors may view the settlement as removing a persistent overhang and avoiding potentially larger penalties or prolonged legal battles. Apple overhauls its EU App Store fees, loosens rules for alternative app stores
• Positive Sentiment: Rothschild & Co. Redburn upgraded Apple from “Hold” or “Neutral” to “Buy” and raised its price target to $400 from $260. The bullish case centers on a potential premium foldable iPhone—modeled at roughly 14 million units priced near $2,199—and a possible improvement in Apple’s artificial-intelligence strategy. Could Apple stock jump 30%? This Nvidia AI bet may hold the key
• Neutral Sentiment: The new EU terms may improve developer relations and compliance, but the lower and broader commission structure could reduce App Store economics over time. Apple has acknowledged that antitrust actions and new rules are beginning to weigh on its approximately $100 billion Services business. Antitrust attacks start to bite into Apple’s Services business
• Negative Sentiment: Appaloosa Management, led by David Tepper, disclosed put positions referencing about 835,000 Apple shares. The position signals caution toward AAPL’s valuation and growth outlook, although it is an individual investor’s trade rather than a fundamental change. Billionaire David Tepper Is Short Apple
• Negative Sentiment: U.S. officials reportedly urged Apple not to purchase memory chips from Chinese suppliers. Complying could raise component costs or constrain sourcing flexibility as AI demand tightens memory supply, creating a potential margin headwind. Market Chatter: Apple May Buy Chinese Memory Chips Despite US Request

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.