Adams Diversified Equity Fund Inc. Sells 49,100 Shares of Apple Inc. $AAPL

Adams Diversified Equity Fund Inc. cut its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 767,300 shares of the iPhone maker's stock after selling 49,100 shares during the period. Apple makes up about 6.9% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 2nd biggest position. Adams Diversified Equity Fund Inc.'s holdings in Apple were worth $194,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First National Bank of Hutchinson increased its position in shares of Apple by 24.6% in the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after acquiring an additional 6,982 shares in the last quarter. Eagle Capital Management LLC lifted its position in shares of Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after acquiring an additional 272 shares in the last quarter. Brighton Jones LLC boosted its stake in Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock worth $134,554,000 after purchasing an additional 69,207 shares during the period. Revolve Wealth Partners LLC grew its position in Apple by 4.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock worth $16,742,000 after purchasing an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE grew its position in Apple by 2.4% during the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock worth $12,587,000 after purchasing an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple extended its long-running Broadcom chip partnership through 2031, supporting its custom AI chip and device roadmap and reinforcing supply-chain stability for future products. Broadcom, Apple extend chip supply deal through 2031
• Positive Sentiment: Reports that Apple is planning a first foldable iPhone and an “Ultra” tier have added fresh growth catalysts, with analysts arguing the premium devices could drive upgrades and pricing power. Is Apple (AAPL) Already Priced In Following Its Broadcom Deal And New iPhone Plans?
• Positive Sentiment: Commentary around a high-priced foldable iPhone suggests demand could be strong despite the steep tag, which supports bullish expectations for Apple’s premium product mix. Apple's $2,500 foldable iPhone could sell out instantly
• Neutral Sentiment: Some analysts warn the first foldable iPhone may face limited supply and launch delays, which could temper near-term enthusiasm even if long-term demand remains intact. AAPL Stock Dips Premarket: Analyst Warns Foldable iPhone Supply Issues Could Blow September Launch Window
• Negative Sentiment: There is also skepticism that the foldable iPhone alone can reignite Apple’s growth rate, suggesting investors may be debating whether the recent rally has already priced in the upside. Apple Plans Major Updates to iPad Pro and MacBook Pro for 2027. It’s Not Enough to Reignite Growth.

Insider Activity at Apple

In related news, insider Ben Borders sold 1,274 shares of the company's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the sale, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the transaction, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. This trade represents a 10.30% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,924 shares of company stock worth $825,546. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on AAPL shares. Jefferies Financial Group reaffirmed a "hold" rating on shares of Apple in a research report on Tuesday, June 9th. Bank of America reaffirmed a "buy" rating and set a $380.00 target price on shares of Apple in a research note on Thursday, June 18th. Tigress Financial reissued a "strong-buy" rating and issued a $375.00 price target (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. BNP Paribas Exane upgraded shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target for the company in a report on Friday, April 17th. Finally, Wedbush reiterated an "outperform" rating and issued a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $314.85.

Apple Stock Up 1.3%

AAPL stock opened at $312.66 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The firm has a market cap of $4.59 trillion, a PE ratio of 37.81, a PEG ratio of 2.68 and a beta of 1.10. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $317.40. The company has a fifty day simple moving average of $295.25 and a 200 day simple moving average of $273.84.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results 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 return on equity of 146.69% and a net margin of 27.15%.The business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 earnings per share. Sell-side analysts anticipate 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 0.3%. Apple's dividend payout ratio (DPR) is currently 13.06%.

Apple 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.

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