Northside Capital Management LLC Has $26.33 Million Holdings in Apple Inc. $AAPL

Northside Capital Management LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,000 shares of the iPhone maker’s stock after selling 2,344 shares during the quarter. Apple comprises approximately 2.2% of Northside Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Northside Capital Management LLC’s holdings in Apple were worth $26,332,000 at the end of the most recent reporting period.

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

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Orderly CEO succession: Tim Cook is leaving the CEO role after 15 years but will remain Apple’s executive chairman. Cook strongly endorsed successor John Ternus, a longtime hardware leader, potentially reducing fears of an abrupt management break. Tim Cook’s parting message: Apple is in the hands of a product builder
• Positive Sentiment: Product catalysts ahead: Apple’s first major product event under Ternus is expected September 9, with reports pointing to new iPhones and a possible foldable model. Strong iPhone demand, potential iOS market-share gains and rising interest in Mac hardware for AI workloads could support future revenue. Apple Valuation Nears $5T as John Ternus Steps Up as New CEO
• Neutral Sentiment: Strong track record and support: Cook’s tenure produced substantial shareholder gains, while Apple’s latest quarter delivered revenue growth and an earnings beat. Analysts’ median price target remains above the current quotation, although the stock’s elevated valuation leaves less room for disappointment.
• Negative Sentiment: AI strategy concerns: Ternus inherits an artificial-intelligence strategy that relies heavily on outside partners, leaving Apple behind leading rivals in some areas. Investors will look for evidence that the new CEO can accelerate AI-powered Siri and on-device capabilities. Apple’s New CEO Inherits an AI Strategy Built on Outsiders
• Negative Sentiment: Execution and valuation risks: Commentators warn that App Store pressure, supply-chain challenges, potential memory-cost inflation and a trailing P/E near 37 make Apple vulnerable if the September launch disappoints. Apple TV+’s latest price increase could also slow subscriber growth. Apple Is Facing One of Its Most Challenging Times in a Decade

Analysts Set New Price Targets

Several analysts have recently commented on the company. Piper Sandler assumed coverage on Apple in a research note on Monday, August 17th. They issued an “overweight” rating for the company. Wells Fargo & Company reiterated an “overweight” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. KGI Securities cut shares of Apple from an “outperform” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Monday, June 22nd. Seaport Research Partners cut shares of Apple from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Finally, China Renaissance cut shares of Apple from a “buy” rating to a “hold” rating and set a $280.00 target price on the stock. in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $330.53.

Insider Buying and Selling

In related news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $310.95, for a total transaction of $447,457.05. Following the completion of the sale, the senior vice president owned 37,229 shares in the company, valued at $11,576,357.55. This represents a 3.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 4,433 shares of company stock worth $1,367,024. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Down 1.9%

Shares of NASDAQ AAPL traded down $6.07 on Monday, reaching $313.63. 15,356,139 shares of the company’s stock traded hands, compared to its average volume of 49,963,801. Apple Inc. has a 12 month low of $225.95 and a 12 month high of $344.57. The business’s 50 day simple moving average is $312.24 and its two-hundred day simple moving average is $288.52. The company has a market cap of $4.58 trillion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating 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 analysts’ expectations of $109.04 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date 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 presently 12.39%.

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.