Apple Inc. $AAPL Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 535,089 shares of the iPhone maker’s stock after selling 10,308 shares during the period. Apple accounts for approximately 9.1% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its biggest holding. Nichols & Pratt Advisers LLP MA’s holdings in Apple were worth $145,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AAPL. Cornerstone National Bank & Trust Co raised its stake in shares of Apple by 1.6% during the fourth quarter. Cornerstone National Bank & Trust Co now owns 11,367 shares of the iPhone maker’s stock valued at $3,090,000 after purchasing an additional 181 shares in the last quarter. Elevated Financial Group LLC bought a new stake in shares of Apple during the fourth quarter valued at about $3,751,000. Dumont & Blake Investment Advisors LLC raised its stake in shares of Apple by 3.7% during the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 71,635 shares of the iPhone maker’s stock valued at $19,475,000 after purchasing an additional 2,565 shares in the last quarter. Simon Quick Advisors LLC raised its position in Apple by 6.4% in the fourth quarter. Simon Quick Advisors LLC now owns 286,882 shares of the iPhone maker’s stock worth $77,992,000 after acquiring an additional 17,200 shares in the last quarter. Finally, Facet Wealth Inc. raised its position in Apple by 15.2% in the fourth quarter. Facet Wealth Inc. now owns 154,452 shares of the iPhone maker’s stock worth $39,608,000 after acquiring an additional 20,374 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, CFO Kevan Parekh sold 1,534 shares of the 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 completion of the sale, the chief financial officer directly owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 30,002 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total value of $7,661,010.70. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company’s stock, valued at $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,759 shares of company stock worth $24,964,305 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $308.33 on Wednesday. The company has a market capitalization of $4.53 trillion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 2.69 and a beta of 1.06. Apple Inc. has a fifty-two week low of $195.07 and a fifty-two week high of $311.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The business’s 50-day moving average is $271.87 and its 200-day moving average is $269.16.

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

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This is an increase from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 13.06%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AAPL. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research report on Friday, January 30th. Robert W. Baird set a $310.00 price objective on Apple in a report on Friday, May 1st. Rosenblatt Securities boosted their price objective on Apple from $268.00 to $276.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Tigress Financial restated a “strong-buy” rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a report on Wednesday, March 4th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $310.31.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target on Apple to $380 from $330 and kept a Buy rating, saying Apple is well positioned to benefit from the emerging “agentic AI” smartphone market and could unlock substantial new revenue from a redesigned Siri and AI features. Apple seen as key beneficiary of emerging agentic AI smartphone market, BofA says
• Positive Sentiment: Other Wall Street coverage echoed that view, with reports saying Apple is hitting all-time highs as investors expect a deeper AI push at WWDC, which could improve sentiment and support further upside. Apple stock hits all-time high as analysts see AI-driven breakout
• Positive Sentiment: Analysts also highlighted strong underlying fundamentals, including record Services revenue and continued strength in iPhone sales, reinforcing the long-term growth case for Apple. Strong Content & Advertising Aids Apple’s Services: More Upside Ahead?
• Neutral Sentiment: Apple and Google are pushing back against Canada’s proposed police data-access bill, a regulatory issue that could affect the company’s privacy stance but is not an immediate earnings driver. Apple, Google Blast Canada’s Plan to Expand Police Data Powers
• Negative Sentiment: One potential headwind came from an article noting iPhone 17e sales in Japan have slowed versus its predecessor, which could raise questions about demand in some markets. The Real Reason The iPhone 17e Is Falling Behind Its Predecessor In Japan

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.