S&A Financial Services Inc. purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,057 shares of the iPhone maker’s stock, valued at approximately $4,836,000. Apple makes up about 3.3% of S&A Financial Services Inc.’s investment portfolio, making the stock its 9th biggest position.
Other institutional investors and hedge funds have also modified their holdings of the company. LFG Wealth Partners LLC boosted its holdings in Apple by 20.6% in the first quarter. LFG Wealth Partners LLC now owns 37,106 shares of the iPhone maker’s stock worth $9,417,000 after purchasing an additional 6,331 shares in the last quarter. Curry Webb Wealth Management LLC acquired a new position in Apple during the first quarter worth $1,086,000. FAS Wealth Partners Inc. raised its holdings in Apple by 3.1% during the first quarter. FAS Wealth Partners Inc. now owns 153,887 shares of the iPhone maker’s stock valued at $39,055,000 after buying an additional 4,683 shares in the last quarter. Rathbones Group PLC raised its stake in shares of Apple by 4.1% in the 1st quarter. Rathbones Group PLC now owns 3,280,093 shares of the iPhone maker’s stock valued at $832,455,000 after acquiring an additional 128,524 shares in the last quarter. Finally, Farmers National Bank grew its holdings in Apple by 2.6% during the first quarter. Farmers National Bank now owns 102,387 shares of the iPhone maker’s stock valued at $25,985,000 after purchasing an additional 2,609 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple is reportedly training a China-specific large language model with Alibaba’s support. The initiative could bring Apple Intelligence to Chinese users, improve Apple’s competitive position against Huawei and reduce reliance on third-party AI models in a key market. Apple trains China-specific AI model
- Positive Sentiment: Apple opened an advanced manufacturing center in Houston that will support AI-server production, Mac mini assembly and workforce training. The facility reinforces Apple’s U.S. investment plans and may improve supply-chain resilience and relations with policymakers. Apple opens Houston manufacturing facility
- Positive Sentiment: Apple reportedly received about $2.2 billion in tariff refunds. The cash recovery could offset some trade-related expenses and support near-term earnings and cash flow. Apple tariff refund report
- Positive Sentiment: Apple is discussing usage-based content agreements with publishers to improve the upgraded Siri’s access to current information. A stronger Siri could help narrow Apple’s perceived AI gap and support future services growth. Apple publisher talks for Siri
- Neutral Sentiment: Apple proposed a 15% commission on purchases made through external links in iOS apps amid its continuing legal dispute with Epic. The proposal could preserve some App Store revenue, but the final regulatory and legal outcome remains uncertain. Apple proposes external purchase commission
- Neutral Sentiment: Apple’s valuation remains demanding, with a market capitalization near $4.5 trillion and a forward earnings outlook that leaves the stock sensitive to execution. An insider sale by SVP Jennifer Newstead was disclosed, though such transactions do not necessarily indicate a change in corporate fundamentals. Apple insider sale
- Negative Sentiment: Jefferies downgraded Apple, citing concerns about the canceled or delayed all-glass iPhone concept, limited near-term AI momentum and rising memory-chip costs. Higher component prices could pressure margins and make it harder for Apple to justify its premium valuation. Jefferies Apple downgrade and iPhone concerns
- Negative Sentiment: Google’s Pixel 11 is placing Gemini more deeply into the smartphone experience, raising the competitive stakes for Apple ahead of the iPhone 18 launch and Siri’s broader overhaul.
Apple Price Performance
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company posted $1.57 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio (DPR) is currently 12.39%.
Insider Activity
In related news, 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 dated Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the sale, the senior vice president directly owned 40,107 shares in the company, valued at approximately $12,342,929.25. This trade represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research report on Friday, July 31st. Barclays reiterated an “underweight” rating and issued a $245.00 target price (down from $253.00) on shares of Apple in a research note on Friday, July 31st. Bank of America reiterated a “buy” rating and issued a $380.00 target price on shares of Apple in a report on Thursday, June 18th. Morgan Stanley cut their target price on shares of Apple from $364.00 to $360.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Tigress Financial restated a “strong-buy” rating and set a $375.00 price target (up from $305.00) on shares of Apple in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $328.60.
View Our Latest Stock Analysis on AAPL
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.
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