Whipplewood Advisors LLC Has $2.24 Million Stock Position in Apple Inc. $AAPL

Whipplewood Advisors LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 43.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,727 shares of the iPhone maker’s stock after selling 6,021 shares during the quarter. Apple comprises about 1.5% of Whipplewood Advisors LLC’s investment portfolio, making the stock its 15th largest position. Whipplewood Advisors LLC’s holdings in Apple were worth $2,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AAPL. Rainier Family Wealth Inc. increased its holdings in Apple by 14.1% during the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker’s stock worth $6,189,000 after buying an additional 3,014 shares during the last quarter. Eaton Cambridge Inc. increased its position in Apple by 21.3% during the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker’s stock worth $3,545,000 after buying an additional 2,450 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $1,178,000. Summit Wealth Partners LLC boosted its stake in shares of Apple by 108.3% during the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker’s stock worth $8,880,000 after acquiring an additional 18,188 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp acquired a new stake in Apple during the 4th quarter valued at $105,482,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. KeyCorp reaffirmed an “underweight” rating and set a $250.00 target price on shares of Apple in a report on Tuesday, July 28th. Bank of America reaffirmed a “buy” rating and issued a $380.00 price target on shares of Apple in a research note on Thursday, June 18th. Maxim Group reiterated a “buy” rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Robert W. Baird raised their target price 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. Finally, KGI Securities downgraded Apple from an “outperform” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.53.

Insider Activity

In related news, SVP Jennifer Newstead sold 1,439 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $310.95, for a total transaction of $447,457.05. Following the completion of the sale, the senior vice president 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 filing with the SEC, which can be accessed through this link. Also, insider Ben Borders sold 116 shares of the firm’s 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 transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade 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 three months, insiders have sold 4,433 shares of company stock valued at $1,367,024. 0.06% of the stock is currently owned by insiders.

Apple Trading Down 1.7%

AAPL stock traded down $5.57 during midday trading on Monday, hitting $314.13. The stock had a trading volume of 15,789,602 shares, compared to its average volume of 49,966,969. 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 business has a fifty day moving average price of $312.24 and a two-hundred day moving average price of $288.52. Apple Inc. has a 1-year low of $225.95 and a 1-year high of $344.57. The firm has a market cap of $4.58 trillion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 earnings per share. On average, sell-side analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s payout ratio is presently 12.39%.

Key Headlines Impacting Apple

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

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.