Advanced Portfolio Management LLC Decreases Stake in Apple Inc. $AAPL

Key Points

• Advanced Portfolio Management LLC cut its Apple stake by 44.8% in the fourth quarter, leaving it with 3,404 shares worth about $925,000. Apple still made up roughly 2.8% of the fund’s portfolio.
• Apple continues to draw mixed investor and analyst signals: several firms kept or raised bullish ratings and price targets, but concerns remain over slower AI rollout and potential regulatory pressure, including an Italian DMA probe.
• Recent company and insider activity shows both strength and caution: Apple beat quarterly earnings and revenue estimates and raised its dividend, while insiders have sold shares and CEO Tim Cook warned that price increases may be unavoidable due to higher AI-related component costs.

Advanced Portfolio Management LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 44.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,404 shares of the iPhone maker's stock after selling 2,761 shares during the quarter. Apple accounts for about 2.8% of Advanced Portfolio Management LLC's investment portfolio, making the stock its 16th biggest holding. Advanced Portfolio Management LLC's holdings in Apple were worth $925,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sellwood Investment Partners LLC raised its stake in shares of Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock worth $34,000 after purchasing an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC raised its stake in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Timmons Wealth Management LLC purchased a new position in shares of Apple in the fourth quarter worth $69,000. LSV Asset Management purchased a new stake in Apple during the fourth quarter valued at $65,000. Finally, PayPay Securities Corp increased its position in Apple by 52.1% during the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock valued at $99,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly preparing a second-generation iPhone Air for spring 2027, with upgrades including a second rear camera and better battery life, reinforcing the company’s longer-term product pipeline. Article Title
• Positive Sentiment: Several analysts reiterated bullish views after WWDC, arguing Apple’s AI strategy, ecosystem integration, and premium-services monetization could support further upside in AAPL. Article Title
• Positive Sentiment: One report said Apple is well positioned to navigate the AI memory crunch because it built up inventory, which could help protect margins versus rivals facing the same component shortage. Article Title
• Neutral Sentiment: Apple insider Ben Borders sold a small number of shares, but the filing says the sale was mainly to cover tax withholding tied to equity vesting, making it less concerning for investors. Article Title
• Negative Sentiment: CEO Tim Cook said price hikes across Apple’s lineup are “unavoidable” because AI-driven demand is pushing up memory and storage chip costs, raising concerns about margin pressure and possible consumer backlash. Article Title
• Negative Sentiment: Investors remain frustrated with Apple’s slower-than-expected AI rollout, and some coverage says the company still has to prove tangible progress after WWDC rather than just promise future updates. Article Title
• Negative Sentiment: Italy opened a Digital Markets Act probe into Apple’s cloud interoperability practices, adding a new regulatory overhang in Europe. Article Title

Insiders Place Their Bets

In related news, insider Ben Borders sold 1,274 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 97,875 shares of company stock worth $24,998,541. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on AAPL. Maxim Group reiterated a "buy" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. Moffett Nathanson upped their price objective on Apple from $241.00 to $270.00 and gave the company a "neutral" rating in a research report on Wednesday, February 25th. Monness Crespi & Hardt upped their price objective on Apple from $315.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Citigroup reiterated a "buy" rating on shares of Apple in a research report on Monday, June 1st. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $314.59.

Apple Stock Performance

NASDAQ AAPL opened at $295.95 on Thursday. The firm has a market cap of $4.35 trillion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $288.06 and a 200-day moving average price of $272.66. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $317.40.

Apple (NASDAQ:AAPL - Get Free Report) last released 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 firm had revenue of $111.18 billion during the quarter, compared to analyst estimates 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 prior year, the company posted $1.65 earnings per share. As a group, equities research analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Increases Dividend

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

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.

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