Saturna Capital Corp Has $451.78 Million Stock Holdings in Apple Inc. $AAPL

Saturna Capital Corp lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,780,138 shares of the iPhone maker’s stock after selling 5,961 shares during the quarter. Apple makes up about 6.3% of Saturna Capital Corp’s portfolio, making the stock its 4th largest position. Saturna Capital Corp’s holdings in Apple were worth $451,781,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Chase Investment Counsel Corp boosted its stake in Apple by 85.5% in the first quarter. Chase Investment Counsel Corp now owns 4,600 shares of the iPhone maker’s stock valued at $1,167,000 after acquiring an additional 2,120 shares during the last quarter. Phillip James Consulting Co. increased its stake in shares of Apple by 2.2% during the 1st quarter. Phillip James Consulting Co. now owns 6,270 shares of the iPhone maker’s stock worth $1,591,000 after purchasing an additional 136 shares during the last quarter. Fortis Capital Management LLC increased its stake in shares of Apple by 17.2% during the 1st quarter. Fortis Capital Management LLC now owns 84,002 shares of the iPhone maker’s stock worth $21,319,000 after purchasing an additional 12,333 shares during the last quarter. CacheTech Inc. raised its holdings in shares of Apple by 31.8% in the 1st quarter. CacheTech Inc. now owns 21,411 shares of the iPhone maker’s stock worth $5,434,000 after purchasing an additional 5,164 shares during the period. Finally, Himension Capital Singapore PTE. LTD. lifted its stake in Apple by 179.9% in the first quarter. Himension Capital Singapore PTE. LTD. now owns 188,185 shares of the iPhone maker’s stock valued at $47,759,000 after purchasing an additional 120,946 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research reports. Weiss Ratings raised Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. TD Cowen upped their price target on Apple from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Bank of America reiterated a “buy” rating and set a $380.00 price target on shares of Apple in a research note on Thursday, June 18th. Morgan Stanley decreased their price objective on Apple from $364.00 to $360.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Apple in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $330.44.

Apple Stock Performance

NASDAQ:AAPL opened at $313.33 on Friday. The business’s fifty day moving average is $309.45 and its 200 day moving average is $283.23. The firm has a market cap of $4.57 trillion, a price-to-earnings ratio of 35.93, a PEG ratio of 2.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a 52-week low of $219.25 and a 52-week high of $344.57.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during 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 was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 EPS. Research analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 116 shares of the company’s stock in a transaction dated 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 in the company, valued at $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 available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by insiders.

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.