Zions Bancorporation National Association UT Sells 3,152 Shares of Apple Inc. $AAPL

Zions Bancorporation National Association UT lowered its position in Apple Inc. (NASDAQ:AAPL) by 2.9% in the second quarter, Holdings Channel reports. The fund owned 106,231 shares of the iPhone maker’s stock after selling 3,152 shares during the period. Apple makes up approximately 1.8% of Zions Bancorporation National Association UT’s portfolio, making the stock its 9th biggest holding. Zions Bancorporation National Association UT’s holdings in Apple were worth $30,739,000 at the end of the most recent quarter.

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

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple introduced the iPhone Duo, its first foldable iPhone, starting at $1,999. The device features a 7.6-inch unfolded display, a 5.4-inch outer screen and a redesigned hinge, creating a potential new high-margin product category and growth opportunity. Apple unveils iPhone Duo
• Positive Sentiment: The iPhone 18 Pro lineup adds a 2-nanometer A20 Pro chip, camera improvements, longer battery life and upgraded Siri AI features. These upgrades could support premium pricing and strengthen Apple’s artificial-intelligence strategy. Apple iPhone 18 Pro launched
• Positive Sentiment: Apple also launched AirPods 5, Apple Watch Series 12 and Watch Ultra 4, adding improved noise cancellation, health tracking and Apple Intelligence features. The broad hardware release may support ecosystem engagement and services revenue. Apple introduces AirPods 5
• Neutral Sentiment: New CEO John Ternus used his first keynote to emphasize that the iPhone remains Apple’s core platform, signaling continuity with the company’s established strategy while adding foldable hardware and AI capabilities. Apple’s new CEO is reviving a Steve Jobs strategy
• Neutral Sentiment: Early reviews of the iPhone Duo were generally intrigued, but demand, production capacity and customer acceptance remain unproven. Analysts estimate the foldable could generate substantial revenue if Apple can avoid supply constraints. iPhone Duo first impressions review
• Negative Sentiment: Apple raised iPhone 18 Pro pricing by $100 and increased prices on older iPhone models. While higher prices could protect revenue and margins, they may limit unit demand, particularly as consumers face elevated component and memory costs. Apple raises prices on older iPhones
• Negative Sentiment: Huawei launched its Mate XT2 tri-fold smartphone ahead of Apple’s event, highlighting intense competition in foldables. Investors must also monitor manufacturing complexity, elevated inventory and the risk that the highly anticipated launch becomes a sell-the-news event. Huawei launches Mate XT2

Apple Stock Performance

NASDAQ:AAPL opened at $315.34 on Thursday. Apple Inc. has a fifty-two week low of $225.95 and a fifty-two week high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.60 trillion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.74 and a beta of 1.08. The firm’s fifty day simple moving average is $317.37 and its 200-day simple moving average is $291.73.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 EPS. Analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s dividend payout ratio is 12.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AAPL shares. Rosenblatt Securities increased their price objective on Apple from $300.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, September 1st. Morgan Stanley restated an “overweight” rating and set a $360.00 target price on shares of Apple in a research note on Wednesday, September 2nd. DZ Bank downgraded Apple from a “buy” rating to a “hold” rating and set a $310.00 price target for the company. in a report on Tuesday, August 4th. Raymond James Financial reissued a “market perform” rating on shares of Apple in a report on Friday, July 31st. Finally, KGI Securities downgraded shares of Apple from an “outperform” rating to a “hold” rating and set a $315.00 price objective for the company. in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Insider Activity

In other news, insider Ben Borders sold 116 shares of Apple 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 completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $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 can be accessed 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 that occurred on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the transaction, the senior vice president owned 35,790 shares of the company’s stock, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,872 shares of company stock valued at $1,823,201 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company’s ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.