Apple Inc. $AAPL is Simmons Bank’s 6th Largest Position

Simmons Bank grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,153 shares of the iPhone maker’s stock after buying an additional 5,659 shares during the quarter. Apple accounts for approximately 2.2% of Simmons Bank’s investment portfolio, making the stock its 6th biggest holding. Simmons Bank’s holdings in Apple were worth $39,397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rainier Family Wealth Inc. lifted its stake in shares of Apple by 14.1% during the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker’s stock valued at $6,189,000 after buying an additional 3,014 shares in the last quarter. Eaton Cambridge Inc. grew its stake in Apple by 21.3% in the 1st quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker’s stock valued at $3,545,000 after buying an additional 2,450 shares in the last quarter. Torren Management LLC purchased a new position in Apple in the 4th quarter valued at approximately $1,178,000. Summit Wealth Partners LLC raised its holdings in Apple by 108.3% during the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker’s stock valued at $8,880,000 after acquiring an additional 18,188 shares during the period. Finally, Davis R M Inc. raised its holdings in Apple by 2.1% during the 1st quarter. Davis R M Inc. now owns 1,151,352 shares of the iPhone maker’s stock valued at $292,202,000 after acquiring an additional 23,162 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Down 0.3%

Shares of NASDAQ AAPL opened at $315.34 on Thursday. The stock has a market capitalization of $4.60 trillion, a P/E ratio of 36.16, a PEG ratio of 2.74 and a beta of 1.08. Apple Inc. has a one year low of $225.95 and a one year high of $344.57. The firm’s 50 day simple moving average is $317.37 and its two-hundred day simple moving average is $291.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

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, 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 during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the previous year, the business posted $1.57 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders 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 annualized dividend and a yield of 0.3%. Apple’s payout ratio is currently 12.39%.

Insider Activity

In other news, SVP Jennifer Newstead sold 1,439 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ben Borders sold 116 shares of the 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 sale, the insider owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 5,872 shares of company stock valued at $1,823,201. Company insiders own 0.06% of the company’s stock.

Key Stories Impacting Apple

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $360.00 price target on shares of Apple in a report on Wednesday, September 2nd. Phillip Securities cut Apple from a “hold” rating to a “moderate sell” rating in a report on Monday, August 3rd. BTIG Research started coverage on Apple in a report on Monday, August 17th. They set a “neutral” rating for the company. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Apple in a research report on Wednesday, September 2nd. Finally, Rosenblatt Securities increased their price target on shares of Apple from $300.00 to $303.00 and gave the stock a “neutral” rating in a report on Tuesday, September 1st. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.53.

About Apple

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.