American Trust Sells 3,680 Shares of Apple Inc. $AAPL

Key Points

• American Trust reduced its Apple stake by 5.1% in the fourth quarter, selling 3,680 shares and ending with 68,055 shares valued at about $18.5 million.
• Apple reported strong quarterly results, beating earnings and revenue expectations with $2.01 EPS on $111.18 billion in revenue, while revenue rose 16.6% year over year.
• Analysts remain mostly bullish on Apple, with several firms raising price targets and the consensus rating staying at “Moderate Buy,” despite some investor concern over AI execution and cost pressures.

American Trust lowered its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,055 shares of the iPhone maker's stock after selling 3,680 shares during the quarter. Apple accounts for about 1.6% of American Trust's holdings, making the stock its 14th largest position. American Trust's holdings in Apple were worth $18,501,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. American Trust Investment Advisors LLC raised its holdings in shares of Apple by 0.5% in the 4th quarter. American Trust Investment Advisors LLC now owns 34,042 shares of the iPhone maker's stock worth $9,255,000 after buying an additional 173 shares in the last quarter. 9823 Capital L.P. acquired a new position in shares of Apple in the 4th quarter worth approximately $83,356,000. Caisse de depot et placement du Quebec raised its holdings in shares of Apple by 1.5% in the 4th quarter. Caisse de depot et placement du Quebec now owns 9,695,513 shares of the iPhone maker's stock worth $2,635,822,000 after buying an additional 145,390 shares in the last quarter. Scarborough Advisors LLC raised its holdings in shares of Apple by 2.6% in the 4th quarter. Scarborough Advisors LLC now owns 15,613 shares of the iPhone maker's stock worth $4,245,000 after buying an additional 401 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of Apple in the 4th quarter worth approximately $5,622,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 1.1%

NASDAQ AAPL opened at $295.95 on Thursday. The stock has a fifty day moving average of $288.06 and a 200-day moving average of $272.66. The stock has a market capitalization of $4.35 trillion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09. Apple Inc. has a 52 week low of $195.07 and a 52 week high of $317.40. 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 (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm earned $1.65 EPS. On average, equities research analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Apple Increases Dividend

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

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the sale, the chief executive officer directly owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction 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 trade represents 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. Insiders sold a total of 97,875 shares of company stock valued at $24,998,541 over the last quarter. Corporate insiders own 0.06% of the company's stock.

Key Apple News

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AAPL. Bank of America reaffirmed a "buy" rating and set a $380.00 price target (up from $330.00) on shares of Apple in a report on Tuesday, May 26th. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a report on Tuesday, June 9th. Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Monday, June 1st. TD Cowen raised their price target on Apple from $335.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. Finally, Morgan Stanley set a $325.00 price target on Apple in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $314.59.

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.

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