Apple Inc. $AAPL is Jacobs & Co. CA’s Largest Position

Jacobs & Co. CA cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,066 shares of the iPhone maker’s stock after selling 6,142 shares during the quarter. Apple makes up about 5.8% of Jacobs & Co. CA’s investment portfolio, making the stock its biggest position. Jacobs & Co. CA’s holdings in Apple were worth $67,729,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AAPL. Sax Wealth Advisors LLC boosted its stake in shares of Apple by 15.3% in the second quarter. Sax Wealth Advisors LLC now owns 124,661 shares of the iPhone maker’s stock worth $36,072,000 after acquiring an additional 16,504 shares during the period. Everpar Advisors LLC raised its stake in Apple by 0.7% during the 2nd quarter. Everpar Advisors LLC now owns 48,301 shares of the iPhone maker’s stock valued at $13,976,000 after purchasing an additional 352 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Apple by 0.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 68,053 shares of the iPhone maker’s stock valued at $19,692,000 after purchasing an additional 575 shares during the period. West Financial Advisors LLC raised its stake in Apple by 5.7% during the 2nd quarter. West Financial Advisors LLC now owns 16,662 shares of the iPhone maker’s stock valued at $4,821,000 after purchasing an additional 900 shares during the period. Finally, Lexington Hill Partners LLC lifted its holdings in Apple by 3.7% in the 2nd quarter. Lexington Hill Partners LLC now owns 22,710 shares of the iPhone maker’s stock worth $6,571,000 after purchasing an additional 803 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on AAPL. HSBC upgraded Apple from a “hold” rating to a “buy” rating and upped their price target for the stock from $260.00 to $366.00 in a research note on Thursday, July 16th. Tigress Financial reissued a “strong-buy” rating and issued a $375.00 target price (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Piper Sandler began coverage on shares of Apple in a research report on Monday, August 17th. They set an “overweight” rating for the company. Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the company a “buy” rating in a research note on Monday, August 17th. Finally, Maxim Group reaffirmed a “buy” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $330.53.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total value of $442,478.11. Following the completion of the transaction, the senior vice president directly owned 38,668 shares of the company’s stock, valued at $11,890,023.32. This trade represents a 3.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ben Borders sold 116 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 2,994 shares of company stock worth $919,567. 0.06% of the stock is owned by insiders.

Apple Stock Performance

NASDAQ AAPL opened at $309.35 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 1-year low of $224.69 and a 1-year high of $344.57. The business has a 50 day simple moving average of $310.63 and a two-hundred day simple moving average of $287.16. The stock has a market capitalization of $4.51 trillion, a PE ratio of 35.48, a P/E/G ratio of 2.65 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The business 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. On average, research analysts predict that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Dividend Announcement

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

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Incoming CEO John Ternus is expected to reassess Apple’s research-and-development budget and potentially increase spending on AI. Analysts see stronger investment in Siri and other AI products as a way to close the gap with technology rivals. Apple Could Get a New R&D and AI Budget
• Positive Sentiment: Potential product catalysts include an AI-enhanced Siri expected later this year, camera-equipped AI AirPods targeted for 2027 and a foldable iPhone that one analyst estimates could sell 14 million units by 2027. Successful launches could support a major upgrade cycle. Apple Wants to Pay Publishers to Improve Siri
• Positive Sentiment: Walmart’s nationwide rollout of contactless payments will add Apple Pay acceptance across its U.S. stores, websites and apps. The move expands Apple Pay’s reach and strengthens Apple’s services ecosystem. Walmart Adds Apple Pay Nationwide
• Neutral Sentiment: Options activity showed a modestly bullish bias, with calls outnumbering puts, while implied volatility remained below its 52-week median. However, the signal was not strong enough to establish a decisive near-term direction. Apple Options Sentiment
• Neutral Sentiment: Apple’s leadership change on September 1 is creating both opportunity and uncertainty. Bank of America maintains a Buy view but says Ternus must deliver more surprising products and technologies because the company has become increasingly predictable. Apple Must Relearn How to Surprise
• Negative Sentiment: Apple reportedly cut more than 200 positions tied to Siri and the Vision Pro headset while redirecting resources toward future devices. The restructuring may improve efficiency, but it also highlights execution challenges in AI and spatial computing.
• Negative Sentiment: Analysts have warned that Apple’s insulation from macroeconomic and competitive headwinds is fading. With shares trading at a high earnings multiple, investors may be less tolerant of slower growth, regulatory pressure and delays in AI products. Apple’s Immunity to Headwinds Is Fading
• Negative Sentiment: Reports that Apple is quietly shifting attention toward China add geopolitical and demand risk, while its substantial tax settlement and filings highlighting large profits routed through Ireland could renew regulatory scrutiny.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 shares under a prearranged Rule 10b5-1 plan. The transaction is relatively small and does not necessarily signal a change in fundamentals, but it provides a modest negative headline.

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.