St. Clair Advisors LLC Has $22.50 Million Holdings in Apple Inc. $AAPL

St. Clair Advisors LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 4.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 77,771 shares of the iPhone maker’s stock after selling 4,025 shares during the period. Apple makes up about 5.8% of St. Clair Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. St. Clair Advisors LLC’s holdings in Apple were worth $22,504,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Apple by 1.9% in 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 purchasing an additional 26,856,752 shares in the last quarter. State Street Corp lifted its holdings in shares of Apple by 1.1% during the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock valued at $164,218,801,000 after purchasing an additional 6,555,392 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Apple by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock valued at $97,031,587,000 after buying an additional 1,866,103 shares during the last quarter. Morgan Stanley boosted its position in shares of Apple by 0.6% during the fourth quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock valued at $62,659,118,000 after buying an additional 1,379,651 shares during the last quarter. Finally, Norges Bank bought a new stake in Apple in the 4th quarter worth about $52,266,468,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, insider Ben Borders sold 116 shares of the firm’s 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 transaction, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Apple stock in a transaction 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 transaction, the senior vice president owned 40,107 shares in the company, valued at $12,342,929.25. This trade represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $310.03 on Wednesday. The firm’s 50 day moving average price is $309.45 and its 200-day moving average price is $286.11. Apple Inc. has a twelve month low of $223.78 and a twelve month high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $4.52 trillion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted 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. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The firm’s revenue was up 16.4% compared to the same quarter last year. Equities research analysts expect that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Seaport Research Partners cut shares of Apple from a “buy” rating to a “neutral” rating in a research note on Monday. KeyCorp reiterated an “underweight” rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, July 28th. Evercore reissued an “outperform” rating on shares of Apple in a report on Wednesday, July 8th. HSBC upgraded shares of Apple from a “hold” rating to a “buy” rating and increased their price objective for the company from $260.00 to $366.00 in a research report on Thursday, July 16th. Finally, Oppenheimer reaffirmed a “market perform” 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-two have issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple presently has an average 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 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.