Apple Inc. $AAPL Shares Sold by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. trimmed its position in Apple Inc. (NASDAQ:AAPL) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,422 shares of the iPhone maker’s stock after selling 2,654 shares during the quarter. Apple comprises 2.0% of Contravisory Investment Management Inc.’s holdings, making the stock its 12th largest position. Contravisory Investment Management Inc.’s holdings in Apple were worth $9,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Hoge Financial Services LLC boosted its position in Apple by 4.9% in the first quarter. Hoge Financial Services LLC now owns 7,539 shares of the iPhone maker’s stock valued at $1,903,000 after buying an additional 354 shares during the last quarter. Dagco Inc. lifted its stake in Apple by 0.9% during the 1st quarter. Dagco Inc. now owns 46,592 shares of the iPhone maker’s stock valued at $11,824,000 after acquiring an additional 421 shares during the period. Kestra Private Wealth Services LLC lifted its stake in Apple by 1.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,062,035 shares of the iPhone maker’s stock valued at $269,534,000 after acquiring an additional 19,507 shares during the period. One Plus One Wealth Management LLC boosted its holdings in shares of Apple by 37.8% in the 1st quarter. One Plus One Wealth Management LLC now owns 15,881 shares of the iPhone maker’s stock valued at $4,030,000 after acquiring an additional 4,358 shares during the last quarter. Finally, Chatterton & Associates Inc. increased its stake in shares of Apple by 18.4% in the first quarter. Chatterton & Associates Inc. now owns 5,783 shares of the iPhone maker’s stock worth $1,506,000 after acquiring an additional 899 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly planning at least five new iPhone models through early 2027, including a bigger push into foldables, which could refresh demand and support a stronger upgrade cycle. Apple plans five new iPhones through 2027, eyes Chinese-made chips amid foldable push, reports say
• Positive Sentiment: Several reports say Apple’s stock is rebounding after last week’s selloff, with investors viewing recent price hikes as a way to defend margins rather than a sign of weakening demand. Apple’s Aggressive Price Hikes Raise Eyebrows As Wall Street Links AI Chip Shortages To Inflation Pressure— Ryan Detrick Says ‘This is the Real World Stuff’
• Positive Sentiment: Wall Street commentary remained constructive, with some analysts and strategists pointing to Apple’s AI roadmap, App Store/services growth, and long-term product pipeline as reasons to stay bullish on AAPL. What’s Going on With Apple Stock Thursday?
• Neutral Sentiment: Market rotation matters too: Apple is outperforming a weak tech tape, so some of the stock’s strength may reflect investors rotating into higher-quality mega-cap names rather than a company-specific catalyst alone. Dow Jones Futures: Dow Hits High But AI Tumbles; Apple, Robinhood Are Buys As Tesla, Sandisk Dive
• Negative Sentiment: The main overhang is margin pressure from surging memory and component costs, which has already forced Apple to raise prices on Macs and iPads and could squeeze profitability if costs stay elevated. Is Apple stock in trouble? Rising costs threaten margins, demand
• Negative Sentiment: Investors are also watching reports that Apple may source memory chips from blacklisted Chinese suppliers, a move that highlights the seriousness of the supply shortage and adds geopolitical risk. Russia warns Apple of $52 million fine over alleged bias against local apps

Analyst Ratings Changes

A number of research firms have weighed in on AAPL. Rosenblatt Securities reiterated a “neutral” rating and set a $276.00 price objective on shares of Apple in a research note on Tuesday, June 9th. Bank of America reaffirmed a “buy” rating and set a $380.00 price objective on shares of Apple in a research note on Thursday, June 18th. KGI Securities lowered shares of Apple from an “outperform” rating to a “hold” rating and set a $315.00 target price for the company. in a report on Monday, June 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Apple in a research note on Friday, June 26th. Finally, KeyCorp restated a “sector weight” rating on shares of Apple in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $314.85.

Apple Price Performance

Shares of NASDAQ AAPL opened at $308.63 on Friday. The firm has a market cap of $4.53 trillion, a PE ratio of 37.32, a PEG ratio of 2.56 and a beta of 1.10. The firm has a fifty day moving average of $294.54 and a 200 day moving average of $273.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a one year low of $201.50 and a one year high of $317.40.

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

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a dividend of $0.27 per share. This is a boost from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s payout ratio is currently 13.06%.

Insider Activity

In related 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,924 shares of company stock worth $825,546. 0.06% of the stock is currently owned by insiders.

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.