Linscomb Wealth Inc. Lowers Position in Apple Inc. $AAPL

Posted by Geri Gentry on Sep 10th, 2026

Linscomb Wealth Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 12.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 114,461 shares of the iPhone maker’s stock after selling 16,413 shares during the quarter. Apple comprises 1.4% of Linscomb Wealth Inc.’s holdings, making the stock its 11th biggest position. Linscomb Wealth Inc.’s holdings in Apple were worth $33,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lifetime Wealth Management P.C. bought a new stake in shares of Apple during the 4th quarter valued at $41,000. ROSS JOHNSON & Associates LLC grew its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares in the last quarter. LSV Asset Management purchased a new stake in Apple during the 4th quarter valued at approximately $65,000. Timmons Wealth Management LLC bought a new stake in Apple in the 4th quarter valued at $69,000. Finally, Inspire Investing LLC bought a new stake in shares of Apple in the fourth quarter worth about $76,000. 67.73% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 transaction of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. The trade was 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 this link. 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 stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the completion of the sale, the senior vice president directly owned 35,790 shares in the company, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,872 shares of company stock worth $1,823,201 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AAPL. Barclays reissued 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. Robert W. Baird raised their target price on shares of Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a report on Tuesday. Rosenblatt Securities upped their price target on shares of Apple from $300.00 to $303.00 and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Finally, Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $331.53.

Get Our Latest Stock Analysis on AAPL

Apple Trading Down 0.3%

NASDAQ AAPL opened at $315.34 on Thursday. The firm’s fifty day moving average price is $317.37 and its 200 day moving average price is $291.73. The company has a market capitalization of $4.60 trillion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 2.74 and a beta of 1.08. Apple Inc. has a 12 month low of $225.95 and a 12 month high of $344.57. 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 – Get Free Report) last posted 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. 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 company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s payout ratio is presently 12.39%.

Key Apple News

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

About Apple

(Free Report)

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.