Apple Inc. $AAPL Shares Sold by SK Wealth Management LLC

SK Wealth Management LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 13.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,232 shares of the iPhone maker’s stock after selling 2,296 shares during the quarter. Apple accounts for 1.1% of SK Wealth Management LLC’s portfolio, making the stock its 16th biggest position. SK Wealth Management LLC’s holdings in Apple were worth $3,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Isthmus Partners LLC raised its holdings in shares of Apple by 6.4% during the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock valued at $25,000 after buying an additional 5,808 shares during the last quarter. Sellwood Investment Partners LLC raised its holdings in shares of Apple by 110.9% during the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after buying an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC raised its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in shares of Apple during the fourth quarter valued at approximately $65,000. Finally, 49 Wealth Management LLC raised its holdings in shares of Apple by 15.7% during the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker’s stock valued at $76,000 after buying an additional 40,543 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $310.00 price target (up from $300.00) on shares of Apple in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Apple in a report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating and set a $365.00 price target on shares of Apple in a report on Thursday, May 14th. UBS Group set a $296.00 price target on Apple and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Barclays reaffirmed an “underweight” rating and set a $253.00 price target (up from $248.00) on shares of Apple in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.31.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 30,002 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president owned 136,810 shares of the company’s stock, valued at $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 97,759 shares of company stock worth $24,964,305 in the last three months. 0.06% of the stock is currently owned by company insiders.

Key Stories Impacting 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 agentic AI could strengthen Apple’s ecosystem and create meaningful new revenue opportunities.
• Positive Sentiment: Multiple reports say Apple is preparing a major Siri overhaul for WWDC, including a new app-like experience designed to compete more directly with ChatGPT-style assistants, which could improve sentiment around Apple’s AI roadmap.
• Positive Sentiment: Analysts and commentary continue to argue that Apple’s installed base, privacy controls, payments, and device ownership give it a strong position if AI assistants become a primary interface for search, commerce, and productivity.
• Neutral Sentiment: Apple’s stock is already near record territory, so some of the optimism around AI and WWDC may already be reflected in the share price.
• Negative Sentiment: Some articles note that Apple is still viewed by parts of the market as an AI laggard versus rivals, and that its valuation is already rich, which could limit upside if WWDC disappoints.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $312.51 on Friday. Apple Inc. has a 12 month low of $195.07 and a 12 month high of $313.26. The stock has a market cap of $4.59 trillion, a price-to-earnings ratio of 37.79, a PEG ratio of 2.71 and a beta of 1.06. The stock’s 50 day moving average price is $274.19 and its 200 day moving average price is $269.76. 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 announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter in the previous year, the company earned $1.65 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s dividend payout ratio is presently 13.06%.

About Apple

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.