Apple Inc. $AAPL Holdings Lowered by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 12.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,976 shares of the iPhone maker’s stock after selling 2,649 shares during the quarter. Apple makes up 1.3% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 9th largest position. KFA Private Wealth Group LLC’s holdings in Apple were worth $5,202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evansbrook LLC lifted its stake in shares of Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. grew its stake in Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock valued at $1,295,000 after buying an additional 35 shares in the last quarter. Reyes Financial Architecture Inc. grew its stake in Apple by 0.4% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after buying an additional 37 shares in the last quarter. Interactive Financial Advisors Inc. raised its holdings in Apple by 4.0% during the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker’s stock valued at $286,000 after acquiring an additional 40 shares during the period. Finally, Sugar Maple Asset Management LLC raised its holdings in Apple by 2.0% during the 1st quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker’s stock valued at $515,000 after acquiring an additional 40 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Jennifer Newstead sold 1,439 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total value of $447,457.05. Following the transaction, the senior vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ben Borders sold 116 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 4,433 shares of company stock valued at $1,367,024 in the last three months. 0.06% of the stock is owned by insiders.

Apple Trading Down 0.9%

Apple stock opened at $316.85 on Tuesday. 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 fifty-two week low of $225.95 and a fifty-two week high of $344.57. The stock has a market cap of $4.62 trillion, a P/E ratio of 36.34, a PEG ratio of 2.74 and a beta of 1.09. The firm’s fifty day moving average price is $312.63 and its 200-day moving average price is $288.83.

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, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the company earned $1.57 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Apple in a report on Friday, July 31st. Evercore reissued an “outperform” rating on shares of Apple in a report on Tuesday, August 25th. Wells Fargo & Company reissued an “overweight” rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. DA Davidson restated a “neutral” rating and issued a $270.00 target price on shares of Apple in a research note on Friday, July 31st. Finally, BTIG Research started coverage on Apple in a research report on Monday, August 17th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $330.53.

Apple News Roundup

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.

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.