Apple Inc. $AAPL Shares Sold by Farrow Financial Inc.

Farrow Financial Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 22.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,579 shares of the iPhone maker’s stock after selling 8,205 shares during the period. Apple accounts for approximately 4.5% of Farrow Financial Inc.’s portfolio, making the stock its 6th biggest position. Farrow Financial Inc.’s holdings in Apple were worth $7,769,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Reyes Financial Architecture Inc. raised its position in Apple by 0.4% during the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock worth $2,520,000 after acquiring an additional 37 shares in the last quarter. WESPAC Advisors LLC raised its position in Apple by 0.3% during the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker’s stock worth $3,351,000 after acquiring an additional 39 shares in the last quarter. American Alpha Advisors LLC raised its position in Apple by 3.7% during the third quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker’s stock worth $293,000 after acquiring an additional 41 shares in the last quarter. Seven Springs Wealth Group LLC raised its position in Apple by 0.3% during the third quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker’s stock worth $3,934,000 after acquiring an additional 42 shares in the last quarter. Finally, Avant Capital LLC raised its position in Apple by 0.9% during the third quarter. Avant Capital LLC now owns 4,814 shares of the iPhone maker’s stock worth $1,226,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $298.21 on Friday. The firm has a market capitalization of $4.38 trillion, a PE ratio of 36.06, a PEG ratio of 2.60 and a beta of 1.06. The company’s 50-day moving average is $264.61 and its 200-day moving average is $267.25. Apple Inc. has a fifty-two week low of $193.46 and a fifty-two week high of $300.92. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 earnings per share. Equities analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 11th. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple’s payout ratio is currently 13.06%.

Insider Buying and Selling at Apple

In other Apple news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the sale, the insider owned 38,713 shares in the company, valued at $11,226,770. The trade was a 3.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 30,002 shares of Apple stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at $34,934,433.50. This trade represents a 17.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is currently owned by insiders.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s latest quarter was a clear beat, with revenue of $111.18 billion and EPS of $2.01 topping expectations, while management also approved a fresh $100 billion buyback and raised the dividend.
• Positive Sentiment: Evercore ISI raised its price target on Apple to $365 from $330 and reiterated an Outperform rating, citing strong Services growth and long-term earnings/free-cash-flow compounding.
• Positive Sentiment: Investor enthusiasm remains elevated around Apple’s AI roadmap, with reports pointing to WWDC as a potential catalyst and broader expectations that Apple can monetize AI through devices and Services.
• Positive Sentiment: China-related headlines may also help sentiment, as Xi Jinping told U.S. CEOs including Tim Cook that China will “open wider,” easing some concerns about Apple’s supply chain and market access.
• Neutral Sentiment: Apple is reportedly exploring new AI-agent support in the App Store and additional iOS features, which could support the ecosystem but are still early-stage product rumors.
• Neutral Sentiment: Security reports about vulnerabilities found in macOS/iOS are a reminder of cyber risks, but they do not yet appear to be a material earnings issue.
• Negative Sentiment: OpenAI is reportedly considering legal action against Apple over their ChatGPT partnership, raising the risk of a public dispute around Apple’s AI strategy.
• Negative Sentiment: Recent insider selling and a reported Foxconn ransomware incident may slightly temper sentiment, though neither looks large enough to outweigh the bullish earnings and analyst upgrades.

Analysts Set New Price Targets

AAPL has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research report on Monday, March 2nd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $310.00 price target (up from $300.00) on shares of Apple in a research report on Friday, May 1st. KeyCorp reaffirmed a “sector weight” rating on shares of Apple in a research report on Thursday, March 12th. Evercore reaffirmed an “outperform” rating and set a $365.00 price target on shares of Apple in a research report on Thursday. Finally, Royal Bank Of Canada set a $325.00 price target on shares of Apple in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $308.74.

Apple Company Profile

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.