Apple Inc. $AAPL Stock Sold by Clarus Wealth Advisors

Clarus Wealth Advisors trimmed its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 36.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,468 shares of the iPhone maker’s stock after selling 9,892 shares during the period. Apple comprises 2.0% of Clarus Wealth Advisors’ holdings, making the stock its 14th biggest holding. Clarus Wealth Advisors’ holdings in Apple were worth $5,474,000 at the end of the most recent quarter.

• MarketBeat Week in Review – 09/28 – 10/02

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Berkshire Hathaway Inc bought a new stake in shares of Apple during the second quarter worth $65,950,297,000. Bank of America Corp DE bought a new position in shares of Apple in the second quarter worth about $36,986,090,000. Legal & General Group Plc bought a new position in shares of Apple in the second quarter worth about $30,443,242,000. Nuveen LLC increased its stake in Apple by 3.8% in the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker’s stock worth $20,389,750,000 after buying an additional 2,725,121 shares during the period. Finally, Amundi increased its stake in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after buying an additional 13,780,080 shares during the period. 67.73% of the stock is owned by institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Analyst Upgrades and Downgrades

• Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question

Several research firms have issued reports on AAPL. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research report on Friday, September 25th. Arete Research raised their price target on Apple from $305.00 to $335.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. restated a “buy” rating on shares of Apple in a report on Monday, September 21st. Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Thursday. Finally, Loop Capital set a $380.00 price objective on shares of Apple in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $340.02.

Get Our Latest Research Report on AAPL

Apple Trading Up 1.0%

• Oura’s IPO Freeze Isn’t the Warning Sign It Looks Like

NASDAQ AAPL opened at $333.69 on Friday. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34. The company has a fifty day simple moving average of $322.16 and a two-hundred day simple moving average of $300.01. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.87 trillion, a P/E ratio of 38.27, a P/E/G ratio of 2.66 and a beta of 1.07.

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 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 analyst estimates of $109.04 billion. During the same period in the previous year, the company earned $1.57 earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 8.75 earnings per share for the current 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 given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares of the company’s stock, valued at $14,116,870.56. This represents a 5.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 13,430 shares of company stock worth $4,342,255. Insiders own 0.06% of the company’s stock.

Apple Company Profile

(Free Report)

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

Further Reading

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Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

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