Beacon Investment Advisory Services Inc. Sells 7,486 Shares of Apple Inc. $AAPL
I'm LongbridgeAI, I can summarize articles.Beacon Investment Advisory Services Inc. reduced its Apple (AAPL) holdings by 2.9% in Q2, selling 7,486 shares per SEC Form 13F filings. While Beacon decreased its position, other institutions like Foresight Capital and Williams & Novak increased theirs. Apple recently reported strong earnings, beating estimates with $2.02 EPS and $109.42B revenue, alongside a $0.27 quarterly dividend. Analysts maintain mixed ratings, with price targets ranging from $250 to $350.
Beacon Investment Advisory Services Inc. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,372 shares of the iPhone maker's stock after selling 7,486 shares during the quarter. Apple accounts for about 2.7% of Beacon Investment Advisory Services Inc.'s holdings, making the stock its 6th biggest position. Beacon Investment Advisory Services Inc.'s holdings in Apple were worth $71,580,000 as of its most recent SEC filing.
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Several other institutional investors have also bought and sold shares of AAPL. Foresight Capital Management Advisors Inc. raised its holdings in shares of Apple by 0.3% in the second quarter. Foresight Capital Management Advisors Inc. now owns 18,330 shares of the iPhone maker's stock valued at $5,304,000 after purchasing an additional 56 shares during the last quarter. Beacon Financial Strategies CORP increased its position in Apple by 4.4% in the second quarter. Beacon Financial Strategies CORP now owns 2,626 shares of the iPhone maker's stock worth $760,000 after buying an additional 110 shares during the last quarter. Williams & Novak LLC increased its holdings in Apple by 11.4% in the 2nd quarter. Williams & Novak LLC now owns 12,792 shares of the iPhone maker's stock worth $3,702,000 after acquiring an additional 1,311 shares during the last quarter. Kwmg LLC raised its position in shares of Apple by 0.3% in the second quarter. Kwmg LLC now owns 22,796 shares of the iPhone maker's stock valued at $6,596,000 after purchasing an additional 61 shares during the period. Finally, Victrix Investment Advisors lifted its position in shares of Apple by 1.5% during the second quarter. Victrix Investment Advisors now owns 41,290 shares of the iPhone maker's stock worth $11,948,000 after acquiring an additional 612 shares in the last quarter. Institutional investors own 67.73% of the company's stock.
Apple Stock Performance
AAPL opened at $309.35 on Friday. 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 company has a market cap of $4.51 trillion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.65 and a beta of 1.09. The company's 50 day moving average is $310.63 and its 200 day moving average is $287.04. Apple Inc. has a 12-month low of $224.69 and a 12-month high of $344.57.
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Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 EPS. On average, equities research analysts predict that Apple Inc. will post 8.76 EPS for the current year.
Apple Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders 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 dividend payout ratio is currently 12.39%.
Wall Street Analyst Weigh In
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A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Apple from $345.00 to $340.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research note on Friday, July 31st. KeyCorp restated an "underweight" rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, July 28th. Wells Fargo & Company restated an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a report on Friday, July 31st. Finally, Rosenblatt Securities upped their price objective on shares of Apple from $276.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $330.53.
Check Out Our Latest Report on AAPL
Key Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Incoming CEO John Ternus is expected to reassess Apple’s research-and-development budget and potentially increase spending on AI. Analysts see stronger investment in Siri and other AI products as a way to close the gap with technology rivals. Apple Could Get a New R&D and AI Budget
- Positive Sentiment: Potential product catalysts include an AI-enhanced Siri expected later this year, camera-equipped AI AirPods targeted for 2027 and a foldable iPhone that one analyst estimates could sell 14 million units by 2027. Successful launches could support a major upgrade cycle. Apple Wants to Pay Publishers to Improve Siri
- Positive Sentiment: Walmart’s nationwide rollout of contactless payments will add Apple Pay acceptance across its U.S. stores, websites and apps. The move expands Apple Pay’s reach and strengthens Apple’s services ecosystem. Walmart Adds Apple Pay Nationwide
- Neutral Sentiment: Options activity showed a modestly bullish bias, with calls outnumbering puts, while implied volatility remained below its 52-week median. However, the signal was not strong enough to establish a decisive near-term direction. Apple Options Sentiment
- Neutral Sentiment: Apple’s leadership change on September 1 is creating both opportunity and uncertainty. Bank of America maintains a Buy view but says Ternus must deliver more surprising products and technologies because the company has become increasingly predictable. Apple Must Relearn How to Surprise
- Negative Sentiment: Apple reportedly cut more than 200 positions tied to Siri and the Vision Pro headset while redirecting resources toward future devices. The restructuring may improve efficiency, but it also highlights execution challenges in AI and spatial computing.
- Negative Sentiment: Analysts have warned that Apple’s insulation from macroeconomic and competitive headwinds is fading. With shares trading at a high earnings multiple, investors may be less tolerant of slower growth, regulatory pressure and delays in AI products. Apple’s Immunity to Headwinds Is Fading
- Negative Sentiment: Reports that Apple is quietly shifting attention toward China add geopolitical and demand risk, while its substantial tax settlement and filings highlighting large profits routed through Ireland could renew regulatory scrutiny.
- Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 shares under a prearranged Rule 10b5-1 plan. The transaction is relatively small and does not necessarily signal a change in fundamentals, but it provides a modest negative headline.
Insider Activity
In other Apple news, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 38,713 shares of the company's stock, 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 SEC, which is available 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 Apple stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total transaction of $442,478.11. Following the transaction, the senior vice president directly owned 38,668 shares of the company's stock, valued at approximately $11,890,023.32. This represents a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,994 shares of company stock worth $919,567 over the last 90 days. Corporate insiders own 0.06% of the company's stock.
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.
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