Werba Rubin Papier Wealth Management Trims Stock Position in Apple Inc. $AAPL

Werba Rubin Papier Wealth Management trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 2.2% in the second quarter, HoldingsChannel.com reports. The firm owned 117,297 shares of the iPhone maker’s stock after selling 2,601 shares during the period. Apple accounts for about 4.1% of Werba Rubin Papier Wealth Management’s investment portfolio, making the stock its 4th largest holding. Werba Rubin Papier Wealth Management’s holdings in Apple were worth $33,941,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AAPL. Lifetime Wealth Management P.C. bought a new position in shares of Apple during the fourth quarter worth about $41,000. ROSS JOHNSON & Associates LLC lifted 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 worth $42,000 after acquiring an additional 180 shares during the period. LSV Asset Management bought a new stake in Apple in the fourth quarter valued at approximately $65,000. Timmons Wealth Management LLC bought a new stake in Apple in the fourth quarter valued at approximately $69,000. Finally, Inspire Investing LLC acquired a new stake in Apple during the 4th quarter valued at approximately $76,000. 67.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Rothschild & Co Redburn set a $400.00 price target on shares of Apple and gave the stock a “buy” rating in a report on Monday, August 17th. Maxim Group reaffirmed a “buy” rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. Robert W. Baird lifted their target price on shares of Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Oppenheimer restated a “market perform” rating on shares of Apple in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $330.53.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s leadership handoff could support innovation: Ternus is a longtime hardware executive and product builder, while Cook will remain with Apple as executive chairman. Investors are also looking ahead to the company’s September 9 product event, which could feature new iPhones and other devices. Apple To Begin New Chapter With CEO John Ternus
• Positive Sentiment: Several reports highlight continuing operating strengths, including strong iPhone share, potential gains as global smartphone shipments weaken, robust recent earnings, and increased fiscal-year EPS estimates. Apple’s planned U.S. manufacturing and AI-server investment could also reduce tariff and supply-chain exposure. Global Phone Shipments Drop, but Apple Positioned for Record iOS Market Share Gain
• Neutral Sentiment: Cook’s departure is being viewed as both a successful succession plan and a major test. His final message endorsed Ternus and emphasized continuity, but investors will judge the new CEO quickly based on the fall product cycle, Siri and Apple’s broader AI strategy. John Ternus to lead Apple into the age of AI
• Negative Sentiment: Apple’s AI strategy remains a key concern because it relies substantially on outside partners while rivals are perceived as farther ahead. At the same time, veteran executive Phil Schiller relinquished oversight of the App Store and product events, adding uncertainty during the CEO change. Apple’s top App Store executive departs operational roles
• Negative Sentiment: Rising memory costs reportedly prompted significant Mac and iPad price increases, potentially pressuring demand. Apple also disclosed allegations in a trade-secret lawsuit that an OpenAI employee accessed a circuit schematic, creating legal and competitive-risk headlines. Apple alleges OpenAI employee accessed circuit plans
• Negative Sentiment: Monday’s wider market selloff, linked to escalating U.S.-Iran tensions, also weighed on large technology stocks and added pressure to AAPL.

Insider Buying and Selling

In other news, insider Ben Borders sold 116 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction 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. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $310.95, for a total value of $447,457.05. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 4,433 shares of company stock worth $1,367,024 over the last ninety days. 0.06% of the stock is owned by insiders.

Apple Price Performance

AAPL stock opened at $316.85 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company’s 50-day moving average is $312.63 and its 200-day moving average is $288.83. The stock has a market capitalization of $4.62 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. Apple Inc. has a 1 year low of $225.95 and a 1 year high of $344.57.

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

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s payout ratio is currently 12.39%.

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.