Apple Inc. $AAPL Stock Holdings Boosted by William Mack & Associates Inc.

William Mack & Associates Inc. lifted its position in Apple Inc. (NASDAQ:AAPL) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,364 shares of the iPhone maker’s stock after purchasing an additional 5,014 shares during the quarter. Apple comprises approximately 3.6% of William Mack & Associates Inc.’s portfolio, making the stock its 8th largest holding. William Mack & Associates Inc.’s holdings in Apple were worth $10,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lam Group Inc. grew its position in Apple by 2.6% in the second quarter. Lam Group Inc. now owns 3,548 shares of the iPhone maker’s stock worth $1,027,000 after acquiring an additional 90 shares in the last quarter. Stonekeep Investments LLC grew its position in Apple by 11.6% in the second quarter. Stonekeep Investments LLC now owns 7,828 shares of the iPhone maker’s stock worth $2,265,000 after acquiring an additional 816 shares in the last quarter. Peoples Bank KS boosted its position in Apple by 12.0% during the second quarter. Peoples Bank KS now owns 14,951 shares of the iPhone maker’s stock valued at $4,326,000 after buying an additional 1,600 shares during the period. Charles Schwab Trust Co boosted its position in Apple by 5.1% during the second quarter. Charles Schwab Trust Co now owns 54,258 shares of the iPhone maker’s stock valued at $15,700,000 after buying an additional 2,642 shares during the period. Finally, BFI Infinity Ltd. boosted its position in Apple by 1,516.4% during the second quarter. BFI Infinity Ltd. now owns 14,548 shares of the iPhone maker’s stock valued at $4,210,000 after buying an additional 13,648 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Orderly CEO succession: Tim Cook is leaving the CEO role after 15 years but will remain Apple’s executive chairman. Cook strongly endorsed successor John Ternus, a longtime hardware leader, potentially reducing fears of an abrupt management break. Tim Cook’s parting message: Apple is in the hands of a product builder
• Positive Sentiment: Product catalysts ahead: Apple’s first major product event under Ternus is expected September 9, with reports pointing to new iPhones and a possible foldable model. Strong iPhone demand, potential iOS market-share gains and rising interest in Mac hardware for AI workloads could support future revenue. Apple Valuation Nears $5T as John Ternus Steps Up as New CEO
• Neutral Sentiment: Strong track record and support: Cook’s tenure produced substantial shareholder gains, while Apple’s latest quarter delivered revenue growth and an earnings beat. Analysts’ median price target remains above the current quotation, although the stock’s elevated valuation leaves less room for disappointment.
• Negative Sentiment: AI strategy concerns: Ternus inherits an artificial-intelligence strategy that relies heavily on outside partners, leaving Apple behind leading rivals in some areas. Investors will look for evidence that the new CEO can accelerate AI-powered Siri and on-device capabilities. Apple’s New CEO Inherits an AI Strategy Built on Outsiders
• Negative Sentiment: Execution and valuation risks: Commentators warn that App Store pressure, supply-chain challenges, potential memory-cost inflation and a trailing P/E near 37 make Apple vulnerable if the September launch disappoints. Apple TV+’s latest price increase could also slow subscriber growth. Apple Is Facing One of Its Most Challenging Times in a Decade

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total value of $447,457.05. Following the sale, the senior vice president directly owned 37,229 shares in the company, valued at approximately $11,576,357.55. The trade was a 3.72% decrease in their position. 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 Apple stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares in the company, 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. Over the last quarter, insiders sold 4,433 shares of company stock worth $1,367,024. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

AAPL stock traded down $6.07 on Monday, hitting $313.63. The company had a trading volume of 15,356,139 shares, compared to its average volume of 49,963,801. Apple Inc. has a 12-month low of $225.95 and a 12-month high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $312.24 and its 200 day simple moving average is $288.52. The stock has a market cap of $4.58 trillion, a price-to-earnings ratio of 35.97, a P/E/G ratio of 2.74 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. During the same quarter last year, the company posted $1.57 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed 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 was Monday, August 10th. Apple’s dividend payout ratio (DPR) is presently 12.39%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AAPL. Robert W. Baird upped their price target on shares of Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. TD Cowen increased their target price on shares of Apple from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group lowered shares of Apple from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $285.56 to $263.66 in a report on Monday, August 10th. Weiss Ratings upgraded shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $400.00 price target on shares of Apple in a research note on Friday, June 5th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $330.53.

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.