Charles Schwab Trust Co Purchases 2,642 Shares of Apple Inc. $AAPL

Charles Schwab Trust Co boosted its position in Apple Inc. (NASDAQ:AAPL) by 5.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 54,258 shares of the iPhone maker’s stock after purchasing an additional 2,642 shares during the period. Apple comprises 0.9% of Charles Schwab Trust Co’s holdings, making the stock its 29th largest position. Charles Schwab Trust Co’s holdings in Apple were worth $15,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lifetime Wealth Management P.C. acquired a new position in shares of Apple in the fourth quarter valued at $41,000. ROSS JOHNSON & Associates LLC lifted its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in shares of Apple during the 4th quarter worth about $65,000. Timmons Wealth Management LLC acquired a new position in Apple in the 4th quarter valued at about $69,000. Finally, Inspire Investing LLC acquired a new position in Apple in the 4th quarter valued at about $76,000. Institutional investors own 67.73% of the company’s stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone could create a major new growth category. IDC expects Apple to ship more than 10 million foldable iPhones in the first year and over 17 million by 2027. The projections have strengthened expectations that the premium device could reignite iPhone growth and support Apple’s pricing power. IDC foldable iPhone shipment forecast
• Positive Sentiment: Apple confirmed its next iPhone launch for September 9. Analysts expect new iPhones and Apple Watches, with the long-rumored foldable model potentially serving as the event’s headline product. The launch will also be the first major iPhone presentation under incoming CEO John Ternus, increasing investor attention around Apple’s product pipeline. Apple September 9 iPhone event
• Positive Sentiment: New Macs expand Apple’s AI opportunity. The updated Mac mini and Mac Studio use the M6 and M5 Ultra chips, adding faster on-device AI performance and capacity to run larger models locally. This could increase Mac demand among developers and enterprise users while reinforcing Apple’s capital-light approach to artificial intelligence. Apple AI Mac upgrades
• Neutral Sentiment: Analysts remain constructive but acknowledge valuation risk. Apple’s profitability, premium brand and loyal customer base support bullish long-term forecasts, including a $365 price target from Evercore ISI. However, with a market capitalization above $4 trillion and a price-to-earnings ratio near 36, further gains likely depend on strong product execution and sustained earnings growth. Evercore Apple price target
• Negative Sentiment: Higher hardware prices and China-related risks could pressure demand and margins. The new Mac mini starts at $899, while memory and silicon shortages may push prices higher. Apple also continues to rely on Chinese technology partners for certain China-market AI services, exposing it to regulatory and geopolitical uncertainty. Apple Mac pricing and AI strategy

Analyst Ratings Changes

Several brokerages have issued reports on AAPL. Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, August 17th. BTIG Research began coverage on Apple in a report on Monday, August 17th. They set a “neutral” rating for the company. TD Cowen boosted their price target on Apple from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. KGI Securities cut Apple from an “outperform” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Monday, June 22nd. Finally, DZ Bank downgraded Apple from a “buy” rating to a “hold” rating and set a $310.00 target price for the company. in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $330.53.

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total transaction of $442,478.11. Following the sale, the senior vice president directly owned 38,668 shares in the company, valued at $11,890,023.32. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ben Borders sold 116 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This 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. Insiders have sold 2,994 shares of company stock valued at $919,567 in the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Trading Up 1.1%

Shares of NASDAQ:AAPL opened at $313.45 on Thursday. The company has a market capitalization of $4.57 trillion, a P/E ratio of 35.95, a P/E/G ratio of 2.65 and a beta of 1.09. Apple Inc. has a 1 year low of $225.95 and a 1 year high of $344.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business’s 50 day simple moving average is $311.47 and its 200 day simple moving average is $287.95.

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 the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during 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 quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. On average, research analysts anticipate that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Dividend Announcement

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

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.