Apple Inc. $AAPL Shares Sold by Saturna Capital Corp

Saturna Capital Corp cut its holdings in Apple Inc. (NASDAQ:AAPL) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,780,138 shares of the iPhone maker’s stock after selling 5,961 shares during the quarter. Apple accounts for 6.3% of Saturna Capital Corp’s investment portfolio, making the stock its 4th largest holding. Saturna Capital Corp’s holdings in Apple were worth $451,781,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Chase Investment Counsel Corp grew its position in shares of Apple by 85.5% during the 1st quarter. Chase Investment Counsel Corp now owns 4,600 shares of the iPhone maker’s stock worth $1,167,000 after buying an additional 2,120 shares during the period. Phillip James Consulting Co. boosted its stake in Apple by 2.2% during the first quarter. Phillip James Consulting Co. now owns 6,270 shares of the iPhone maker’s stock worth $1,591,000 after acquiring an additional 136 shares in the last quarter. Fortis Capital Management LLC boosted its stake in Apple by 17.2% during the first quarter. Fortis Capital Management LLC now owns 84,002 shares of the iPhone maker’s stock worth $21,319,000 after acquiring an additional 12,333 shares in the last quarter. CacheTech Inc. grew its holdings in Apple by 31.8% in the first quarter. CacheTech Inc. now owns 21,411 shares of the iPhone maker’s stock worth $5,434,000 after purchasing an additional 5,164 shares during the period. Finally, Himension Capital Singapore PTE. LTD. increased its stake in Apple by 179.9% in the first quarter. Himension Capital Singapore PTE. LTD. now owns 188,185 shares of the iPhone maker’s stock valued at $47,759,000 after purchasing an additional 120,946 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 0.3%

NASDAQ AAPL opened at $313.33 on Friday. The firm has a market capitalization of $4.57 trillion, a P/E ratio of 35.93, a PEG ratio of 2.68 and a beta of 1.09. The business has a fifty day simple moving average of $309.45 and a 200 day simple moving average of $283.23. Apple Inc. has a 12 month low of $219.25 and a 12 month high of $344.57. 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 (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, topping analysts’ consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the previous year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on AAPL shares. DZ Bank downgraded Apple from a “buy” rating to a “hold” rating and set a $310.00 target price for the company. in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $400.00 target price on shares of Apple in a research report on Friday, June 5th. Rosenblatt Securities lifted their price target on shares of Apple from $276.00 to $300.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Apple in a research note on Friday, July 31st. Finally, Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $330.44.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 116 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.06% of the company’s stock.

Apple Company 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.