Private Client Services LLC Sells 1,763 Shares of Apple Inc. $AAPL

Private Client Services LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 8.5% during the second quarter, HoldingsChannel reports. The firm owned 18,915 shares of the iPhone maker’s stock after selling 1,763 shares during the period. Apple comprises about 1.4% of Private Client Services LLC’s portfolio, making the stock its 15th biggest holding. Private Client Services LLC’s holdings in Apple were worth $5,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AAPL. Meadowbrook Wealth Management LLC grew its stake in Apple by 94.6% in the 2nd quarter. Meadowbrook Wealth Management LLC now owns 18,289 shares of the iPhone maker’s stock worth $5,292,000 after buying an additional 8,890 shares in the last quarter. Boltwood Capital Management raised its position in shares of Apple by 2.8% during the 2nd quarter. Boltwood Capital Management now owns 38,842 shares of the iPhone maker’s stock valued at $11,239,000 after buying an additional 1,060 shares in the last quarter. Box Hill Private Wealth LLC raised its position in shares of Apple by 10.3% during the 2nd quarter. Box Hill Private Wealth LLC now owns 10,551 shares of the iPhone maker’s stock valued at $3,053,000 after buying an additional 989 shares in the last quarter. Asset Management Advisors LLC lifted its holdings in shares of Apple by 2.3% during the 2nd quarter. Asset Management Advisors LLC now owns 34,343 shares of the iPhone maker’s stock worth $9,937,000 after acquiring an additional 760 shares during the last quarter. Finally, Diesslin Group Inc. grew its position in Apple by 1.2% in the second quarter. Diesslin Group Inc. now owns 14,993 shares of the iPhone maker’s stock worth $4,338,000 after acquiring an additional 181 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on AAPL shares. Rosenblatt Securities increased their target price on Apple from $276.00 to $300.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Royal Bank Of Canada set a $365.00 price target on Apple in a research note on Wednesday, July 15th. Robert W. Baird upped their price objective on Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. DA Davidson reissued a “neutral” rating and set a $270.00 price objective on shares of Apple in a report on Friday, July 31st. Finally, Oppenheimer restated a “market perform” rating on shares of Apple in a research report on Friday, July 31st. One investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $330.53.

Insider Activity at Apple

In other Apple news, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred 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 transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $307.75, for a total value of $442,852.25. Following the completion of the sale, the senior vice president owned 40,107 shares of the company’s stock, valued at $12,342,929.25. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Apple stock opened at $310.03 on Wednesday. The firm has a fifty day simple moving average of $309.45 and a two-hundred day simple moving average of $286.11. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a twelve month low of $223.78 and a twelve month high of $344.57. The company has a market capitalization of $4.52 trillion, a PE ratio of 35.55, a P/E/G ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for 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 revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $1.57 earnings per share. Research analysts expect that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio (DPR) is presently 12.39%.

Trending Headlines about Apple

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

Apple 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.