--- title: "Atlas Wealth LLC Reduces Stake in Apple Inc. $AAPL" type: "News" locale: "en" url: "https://longbridge.com/en/news/294653023.md" description: "Atlas Wealth LLC reduced its stake in Apple Inc. (AAPL) by 64.5% in Q1, selling 51,666 shares to hold 28,417 shares valued at $7.2 million. This follows record June-quarter revenue of $109.4 billion and positive analyst sentiment, with HSBC raising its rating to 'buy' and price target to $366. Meanwhile, insider Ben Borders sold 116 shares for tax withholding." datetime: "2026-08-03T07:05:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294653023.md) - [en](https://longbridge.com/en/news/294653023.md) - [zh-HK](https://longbridge.com/zh-HK/news/294653023.md) --- # Atlas Wealth LLC Reduces Stake in Apple Inc. $AAPL Atlas Wealth LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 64.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,417 shares of the iPhone maker's stock after selling 51,666 shares during the quarter. Apple accounts for 0.9% of Atlas Wealth LLC's portfolio, making the stock its 28th biggest holding. Atlas Wealth LLC's holdings in Apple were worth $7,212,000 at the end of the most recent reporting period. - A Sweet Beat and a Wearables Rally Came With Reasons to Pause A number of other hedge funds also recently bought and sold shares of AAPL. Lifetime Wealth Management P.C. bought a new position in shares of Apple in the 4th quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares during the period. LSV Asset Management bought a new stake in Apple during the fourth quarter valued at approximately $65,000. Timmons Wealth Management LLC bought a new stake in Apple during the fourth quarter valued at approximately $69,000. Finally, Inspire Investing LLC purchased a new stake in Apple during the fourth quarter valued at approximately $76,000. Hedge funds and other institutional investors own 67.73% of the company's stock. ## Apple News Summary Here are the key news stories impacting Apple this week: - Positive Sentiment: Apple reported record June-quarter revenue of $109.4 billion, up 16.4% year over year, and diluted EPS of $2.02, exceeding Wall Street expectations. iPhone revenue rose 22% to $54.3 billion, while Mac revenue increased 29% to $10.4 billion. Apple reports third quarter results - Positive Sentiment: Apple’s large installed base, strong hardware demand and potential consumer-AI opportunities remain long-term supports. Some analysts remain bullish: TD Cowen raised its price target to $400, while other firms maintained Buy or Overweight ratings despite trimming estimates. Analyst raises Apple price target - Positive Sentiment: The company declared a quarterly dividend of $0.27 per share, payable August 13 to shareholders of record August 10. Apple also continues to emphasize an AI strategy that requires less capital spending than the infrastructure-heavy approach used by some peers. Apple Q3 financial results ## Wall Street Analyst Weigh In - Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case Several research analysts have weighed in on the stock. Barclays reiterated an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a research report on Friday. HSBC raised shares of Apple from a "hold" rating to a "buy" rating and boosted their price objective for the company from $260.00 to $366.00 in a research report on Thursday, July 16th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Apple in a report on Tuesday, June 9th. KGI Securities downgraded 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. Finally, Monness Crespi & Hardt lifted their target price on Apple from $315.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus target price of $331.60. **Read Our Latest Research Report on AAPL** ## Insider Buying and Selling - Apple’s Record Quarter Could Not Outrun Its Guidance Problem In other news, insider Ben Borders sold 116 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by corporate insiders. ## Apple Stock Performance Shares of NASDAQ AAPL opened at $308.91 on Monday. The firm has a fifty day moving average price of $309.51 and a 200-day moving average price of $281.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The stock has a market cap of $4.54 trillion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $344.57. Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm 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%. The company's revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $1.57 EPS. Equities analysts anticipate that Apple Inc. will post 8.8 earnings per share for the current fiscal year. ## Apple Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is 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%. ## About Apple (Free Report) 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. ## Further Reading - Five stocks we like better than Apple - 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story - AbbVie Quietly Solved Its Biggest Problem—Now What? - Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade - Strategy's Structural Strength: Hidden in a $8 Billion Illusion _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Apple Right Now? Before you consider Apple, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list. While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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