Legacy Wealth Asset Management LLC Sells 1,671 Shares of Apple Inc. $AAPL

Legacy Wealth Asset Management LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 8.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 18,988 shares of the iPhone maker’s stock after selling 1,671 shares during the quarter. Apple comprises approximately 1.2% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 13th largest holding. Legacy Wealth Asset Management LLC’s holdings in Apple were worth $5,494,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in shares of Apple during the fourth quarter worth $41,000. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the period. Timmons Wealth Management LLC acquired a new stake in Apple during the 4th quarter valued at approximately $69,000. LSV Asset Management acquired a new position in Apple during the fourth quarter valued at $65,000. Finally, Inspire Investing LLC purchased a new stake in shares of Apple in the fourth quarter worth about $76,000. 67.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Ben Borders sold 116 shares of Apple stock in a transaction 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 sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This trade 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 the SEC website. 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 dated Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total value of $442,478.11. Following the sale, the senior vice president owned 38,668 shares in the company, valued at $11,890,023.32. This trade represents a 3.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,994 shares of company stock worth $919,567 over the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $310.34 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 1 year low of $224.69 and a 1 year high of $344.57. The stock has a market capitalization of $4.53 trillion, a PE ratio of 35.59, a PEG ratio of 2.65 and a beta of 1.09. The stock has a 50-day simple moving average of $310.91 and a 200-day simple moving average of $287.45.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $1.57 EPS. On average, analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid 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 dividend payout ratio is currently 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s restrained infrastructure spending is increasingly viewed as an advantage while other large technology companies spend heavily on AI data centers. Investors appear to be rewarding the prospect of strong AI-related products without comparable capital-investment pressure. Apple Rises as Investors Flee the AI Spending Arms Race
• Positive Sentiment: Recent coverage highlighted Apple’s record quarterly performance, including earnings and revenue above analyst expectations. The results reinforce the company’s financial momentum and provide support for the stock. Q2 Earnings Season Winds Down: 3 Companies That Broke Records
• Positive Sentiment: Reports of a premium foldable iPhone expected in early September, along with a possible iPhone 18 cycle, are boosting expectations for a meaningful product refresh and higher average selling prices. However, memory shortages could also raise the device’s cost and weigh on demand. Apple to launch $2,000-plus foldable iPhone Ultra
• Positive Sentiment: Apple is reportedly developing a China-specific large language model with Alibaba’s support, potentially improving its ability to offer AI services in a strategically important market. Apple’s China AI Strategy
• Neutral Sentiment: Apple is cutting more than 200 positions in Siri, Vision Pro and related teams to redirect resources toward AI, smart glasses and other hardware. The move may improve long-term focus but also underscores weak Vision Pro traction and delays in Apple’s AI execution. Apple Cuts 200 Jobs in Siri and Vision Pro
• Negative Sentiment: Apple’s revised European App Store terms reduce its standard commission from 30% to 26% and set a 5% fee for alternative app-store transactions. While the changes could ease regulatory conflict, they pressure high-margin services revenue and reflect continuing EU scrutiny. Apple Cut Its Standard EU App Store Commission
• Negative Sentiment: Reports that Apple may source memory chips from China’s CXMT highlight ongoing supply constraints and could weaken the position of existing suppliers. For Apple, the move may lower costs, but it also introduces geopolitical, qualification and supply-chain risks. Memory Stocks Slide on Report Apple May Source Chinese Chips

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Tigress Financial restated a “strong-buy” rating and set a $375.00 price target (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Wedbush reissued an “outperform” rating and issued a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. TD Cowen raised their target price on shares of Apple from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Monness Crespi & Hardt lifted their price target on Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group cut Apple from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $285.56 to $263.66 in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $330.53.

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.