Shira Ridge Wealth Management Has $7.48 Million Position in Apple Inc. $AAPL

Shira Ridge Wealth Management decreased its position in Apple Inc. (NASDAQ:AAPL) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,843 shares of the iPhone maker’s stock after selling 3,130 shares during the quarter. Apple accounts for approximately 2.6% of Shira Ridge Wealth Management’s holdings, making the stock its 13th biggest holding. Shira Ridge Wealth Management’s holdings in Apple were worth $7,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Arbor Wealth Advisors LLC grew its position in Apple by 4.3% during the 2nd quarter. Arbor Wealth Advisors LLC now owns 1,729 shares of the iPhone maker’s stock worth $500,000 after acquiring an additional 72 shares during the last quarter. Allied Private Wealth LLC bought a new position in Apple in the 2nd quarter valued at $21,248,000. Corepath Wealth Partners LLC boosted its stake in Apple by 7.7% in the second quarter. Corepath Wealth Partners LLC now owns 2,635 shares of the iPhone maker’s stock worth $826,000 after purchasing an additional 188 shares in the last quarter. Great Waters Wealth Management boosted its stake in Apple by 3.2% in the second quarter. Great Waters Wealth Management now owns 30,795 shares of the iPhone maker’s stock worth $8,911,000 after purchasing an additional 943 shares in the last quarter. Finally, Wealth Science Advisors LLC grew its holdings in shares of Apple by 4.4% during the second quarter. Wealth Science Advisors LLC now owns 11,510 shares of the iPhone maker’s stock worth $3,331,000 after purchasing an additional 489 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on AAPL. China Renaissance cut Apple from a “buy” rating to a “hold” rating and set a $280.00 price target for the company. in a report on Tuesday, August 4th. KeyCorp restated an “underweight” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday, July 28th. Evercore reaffirmed an “outperform” rating on shares of Apple in a research note on Wednesday, July 8th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $285.56 to $263.66 in a research report on Monday, August 10th. Finally, The Goldman Sachs Group began coverage on shares of Apple in a research note on Monday, August 17th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $330.53.

Key Stories Impacting 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

Apple Stock Up 0.3%

Shares of NASDAQ:AAPL opened at $310.34 on Tuesday. 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 stock has a market cap of $4.53 trillion, a price-to-earnings ratio of 35.59, a P/E/G ratio of 2.65 and a beta of 1.09. The company has a 50 day moving average of $310.91 and a 200-day moving average of $287.45. Apple Inc. has a one year low of $224.69 and a one year high of $344.57.

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. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the business posted $1.57 earnings per share. Apple’s revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date of this dividend 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 is 12.39%.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total value of $442,478.11. Following the transaction, the senior vice president directly owned 38,668 shares in the company, valued at $11,890,023.32. This trade represents a 3.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction 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 directly owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. This trade 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 sold a total of 2,994 shares of company stock worth $919,567 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

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.