Neville Rodie & Shaw Inc. Trims Stock Holdings in Apple Inc. $AAPL

Neville Rodie & Shaw Inc. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 440,265 shares of the iPhone maker’s stock after selling 2,645 shares during the quarter. Apple comprises about 8.2% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its largest position. Neville Rodie & Shaw Inc.’s holdings in Apple were worth $127,395,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. jvl associates llc raised its position in shares of Apple by 2.4% in the 2nd quarter. jvl associates llc now owns 48,243 shares of the iPhone maker’s stock valued at $13,960,000 after acquiring an additional 1,142 shares during the period. Hobart Private Capital LLC grew its holdings in Apple by 6.8% during the second quarter. Hobart Private Capital LLC now owns 18,937 shares of the iPhone maker’s stock valued at $5,480,000 after purchasing an additional 1,203 shares during the period. Sincerus Advisory LLC increased its stake in Apple by 1.3% in the second quarter. Sincerus Advisory LLC now owns 7,329 shares of the iPhone maker’s stock valued at $2,121,000 after purchasing an additional 94 shares in the last quarter. Vigilare Wealth Management increased its stake in Apple by 0.4% in the second quarter. Vigilare Wealth Management now owns 33,774 shares of the iPhone maker’s stock valued at $9,773,000 after purchasing an additional 122 shares in the last quarter. Finally, Meadowbrook Wealth Management LLC raised its holdings in Apple by 94.6% in the second quarter. Meadowbrook Wealth Management LLC now owns 18,289 shares of the iPhone maker’s stock worth $5,292,000 after purchasing an additional 8,890 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 1.5%

AAPL opened at $310.03 on Wednesday. The stock has a market capitalization of $4.52 trillion, a P/E ratio of 35.55, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $223.78 and a 12 month high of $344.57. The firm’s fifty day simple moving average is $309.45 and its 200 day simple moving average is $286.11.

Apple (NASDAQ:AAPL) last released its earnings results 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 return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The company’s revenue was up 16.4% on a year-over-year basis. As a group, research analysts anticipate 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. Investors 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 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is presently 12.39%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AAPL. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a research report on Wednesday, July 15th. TD Cowen lifted their target price on Apple from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut Apple from a “buy” rating to a “hold” rating in a research note on Monday. DA Davidson restated a “neutral” rating and issued a $270.00 price target on shares of Apple in a report on Friday, July 31st. Finally, Evercore reaffirmed an “outperform” rating on shares of Apple in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $330.53.

Insider Activity at Apple

In other Apple news, insider Ben Borders sold 116 shares of the business’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 value of $34,236.24. Following the sale, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 dated Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total transaction of $442,852.25. Following the transaction, the senior vice president owned 40,107 shares of the company’s stock, valued at approximately $12,342,929.25. This 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 News Summary

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.