Zullo Investment Group Inc. Has $45.69 Million Holdings in Apple Inc. $AAPL

Zullo Investment Group Inc. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 157,905 shares of the iPhone maker’s stock after selling 1,695 shares during the period. Apple comprises about 15.6% of Zullo Investment Group Inc.’s investment portfolio, making the stock its biggest position. Zullo Investment Group Inc.’s holdings in Apple were worth $45,692,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Apple in the 4th quarter valued at approximately $52,266,468,000. Nuveen LLC acquired a new stake in Apple in the 1st quarter valued at $17,472,482,000. Cardano Risk Management B.V. grew its position in Apple by 890.7% in the fourth quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock valued at $11,413,990,000 after acquiring an additional 37,746,784 shares during the period. Laurel Wealth Advisors LLC raised its stake in Apple by 20,464.8% during the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock worth $5,553,753,000 after acquiring an additional 26,937,401 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $326.57 on Friday. The firm has a market cap of $4.77 trillion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.73 and a beta of 1.08. Apple Inc. has a 12 month low of $226.65 and a 12 month high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $317.73 and a 200 day moving average price of $292.17.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The company 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. Research analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s payout ratio is 12.39%.

Insider Activity at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total value of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares in the company, valued at $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ben Borders sold 116 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,310 shares of company stock worth $2,279,378 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple unveiled its first foldable smartphone, the $1,999 iPhone Duo, which is scheduled to reach stores October 23. Analysts believe the device could stimulate upgrades, expand ecosystem engagement and add a significant premium-revenue stream. Some bullish estimates suggest foldables could eventually represent 10% to 20% of iPhone revenue. How Wall Street viewed Apple’s foldable iPhone
• Positive Sentiment: Investors viewed the launch as evidence of renewed hardware innovation under CEO John Ternus. Alongside the Duo, Apple introduced the iPhone 18 Pro models, new Apple Watches, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 price target, while Citi and other analysts also remained constructive. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions may improve affordability. T-Mobile, AT&T and Verizon are introducing installment and trade-in offers for the expensive Duo, potentially reducing sticker-price resistance without triggering an industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America kept its Buy rating but reduced its price target to $370, citing an earnings tradeoff, while Rosenblatt retained a $303 Neutral target. The key questions are demand, supply constraints and whether premium pricing offsets higher component costs.
• Negative Sentiment: Margin pressure is a major risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Analysts warn that the price increases may not fully protect profitability, particularly during the initial foldable launch period.
• Negative Sentiment: China presents a tougher competitive backdrop. Apple’s new CEO faces stronger local rivals, including Huawei, and uncertainty over whether the Duo can regain momentum in China. The broader market also faced pressure from surging oil prices and Treasury yields, increasing the risk of multiple compression.
• Negative Sentiment: Insider selling adds a modest cautionary signal. SVP Jennifer Newstead sold 1,438 shares for approximately $456,000, reducing her direct ownership by about 4%, though she continues to hold a substantial position.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AAPL. DA Davidson reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Apple in a research note on Wednesday, September 2nd. HSBC reissued a “buy” rating and issued a $366.00 target price on shares of Apple in a report on Tuesday. China Renaissance lowered Apple from a “buy” rating to a “hold” rating and set a $280.00 price target on the stock. in a research report on Tuesday, August 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Tuesday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $360.00 price objective on shares of Apple in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $334.91.

About Apple

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.