South Dakota Investment Council Has $190.27 Million Position in Apple Inc. $AAPL

South Dakota Investment Council lowered its stake in Apple Inc. (NASDAQ:AAPL) by 0.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 749,700 shares of the iPhone maker’s stock after selling 3,018 shares during the period. Apple makes up 3.6% of South Dakota Investment Council’s portfolio, making the stock its 4th largest holding. South Dakota Investment Council’s holdings in Apple were worth $190,266,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AAPL. Norges Bank acquired a new stake in Apple during the 4th quarter worth approximately $52,266,468,000. Nuveen LLC bought a new stake in Apple in the 1st quarter valued at $17,472,482,000. Cardano Risk Management B.V. grew its holdings in Apple by 890.7% in the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock valued at $11,413,990,000 after buying an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in Apple by 20,464.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock worth $5,553,753,000 after buying an additional 26,937,401 shares during the period. Finally, Vanguard Group Inc. increased its position in Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after buying an additional 26,856,752 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 0.9%

AAPL opened at $302.25 on Thursday. The company has a market cap of $4.41 trillion, a P/E ratio of 34.66, a PEG ratio of 2.61 and a beta of 1.09. 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 company’s 50 day moving average is $309.12 and its 200-day moving average is $284.64. Apple Inc. has a 1-year low of $223.78 and a 1-year high of $344.57.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 EPS. Equities research analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is 12.39%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AAPL shares. KeyCorp reissued an “underweight” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, July 28th. KGI Securities lowered shares of Apple from an “outperform” rating to a “hold” rating and set a $315.00 price target on the stock. in a research report on Monday, June 22nd. DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Apple in a research note on Friday, July 31st. DZ Bank downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $310.00 price objective for the company. in a report on Tuesday, August 4th. Finally, Needham & Company LLC restated a “hold” 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 have given a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $328.60.

Insider Activity

In other news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.06% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is testing DRAM chips from China’s ChangXin Memory Technologies (CXMT) for iPhones and MacBooks and has discussed potential supply arrangements. Diversifying memory suppliers could reduce shortages and limit cost pressure, although geopolitical and quality-control risks remain. Apple’s CXMT Bet Could Strengthen Its Memory Supply, But Risks Remain
• Positive Sentiment: Apple is reportedly in talks with publishers to license content for an AI-powered Siri. Access to current, high-quality information could improve Siri as Apple prepares a major AI-focused iPhone software update. Apple in Talks to Pay Publishers to Improve AI-Powered Siri
• Positive Sentiment: Apple’s latest quarter remained strong, with revenue up 16.4% year over year and earnings exceeding consensus estimates. Some investors also view the recent pullback as an accumulation opportunity, while Crake Asset Management reportedly increased its Apple position.
• Neutral Sentiment: Apple hired former American Airlines executive Nate Gatten to lead government affairs, highlighting the importance of tariffs, regulation and White House relations. The appointment could improve policy execution but also underscores heightened political risk. Apple Hires Former American Airlines Executive to Lead Government Affairs
• Neutral Sentiment: CEO Tim Cook is expected to hand leadership to John Ternus on September 1, while Apple Pay and Wallet chief Jennifer Bailey plans to retire in October. The transitions create execution uncertainty but may also mark a planned leadership refresh.
• Negative Sentiment: Jefferies cut its Apple rating and price target, questioning whether the company has sufficient iPhone and AI momentum to justify its premium valuation. The firm also cited supply-chain concerns about a high-end all-glass iPhone and weaker average-selling-price growth. Apple Stock Falls After Jefferies Slashes Price Target
• Negative Sentiment: Memory shortages driven by AI demand are raising Apple’s bill of materials and could pressure margins or force additional iPhone price increases. Google’s new Pixel 11 lineup also intensifies competition in AI-enabled smartphones. Apple additionally faces a class-action lawsuit alleging that its iCloud+ privacy claims misled consumers.

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.