Apple Inc. $AAPL Holdings Cut by Pacific Wealth Strategies Group Inc.

Key Points

• Pacific Wealth Strategies Group cut its Apple position by 19.3% in the first quarter, selling 9,184 shares and retaining 38,288 shares worth approximately $9.7 million. Apple remains the firm’s fourth-largest holding, representing 6.1% of its portfolio.
• Apple reported quarterly results above expectations, with EPS of $2.02 and revenue of $109.42 billion, up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $330.44 price target, although some firms cited valuation, supply costs and uncertainty surrounding Apple’s AI strategy. Apple shares opened at $309.46, while institutional investors own 67.73% of the stock.

Pacific Wealth Strategies Group Inc. lowered its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 19.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,288 shares of the iPhone maker's stock after selling 9,184 shares during the quarter. Apple accounts for approximately 6.1% of Pacific Wealth Strategies Group Inc.'s holdings, making the stock its 4th biggest holding. Pacific Wealth Strategies Group Inc.'s holdings in Apple were worth $9,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Norges Bank purchased a new position in Apple in the fourth quarter valued at about $52,266,468,000. Nuveen LLC purchased a new stake in Apple during the 1st quarter worth approximately $17,472,482,000. Cardano Risk Management B.V. raised its position in shares of Apple by 890.7% in the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker's stock valued at $11,413,990,000 after purchasing an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of Apple by 20,464.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock valued at $5,553,753,000 after buying an additional 26,937,401 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after buying an additional 26,856,752 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Up 2.0%

NASDAQ AAPL opened at $309.46 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a one year low of $202.16 and a one year high of $344.57. The company has a 50-day simple moving average of $309.42 and a 200-day simple moving average of $282.24. The firm has a market capitalization of $4.52 trillion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. Apple's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

Analyst Ratings Changes

AAPL has been the topic of several recent analyst reports. Barclays reaffirmed an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a report on Friday. DA Davidson restated a "neutral" rating and issued a $270.00 target price on shares of Apple in a research note on Friday, July 31st. Raymond James Financial reiterated a "market perform" rating on shares of Apple in a research note on Friday. UBS Group restated a "neutral" rating on shares of Apple in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their target price on Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $330.44.

Insider Activity

In related news, insider Ben Borders sold 116 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.06% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: India proposed extending tax exemptions for equipment suppliers to contract manufacturers through 2041. The policy could support Apple’s effort to expand iPhone production in India and reduce reliance on China. India proposes extending tax breaks for contract manufacturing in a boost for Apple
• Positive Sentiment: Analysts and bullish investors argue that Apple’s capital-light AI strategy could eventually pay off through its enormous installed base, device upgrades and Services ecosystem, without the infrastructure spending burden faced by hyperscalers. Apple’s AI Strategy Looks Different—Will It Pay Off?
• Positive Sentiment: Apple’s acquisition of PlasmaSolve could improve manufacturing simulations, device coatings and production yields, potentially supporting thinner and stronger future hardware. AAPL Stock Alert: What to Know as Apple Acquires PlasmaSolve
• Neutral Sentiment: Apple asked a U.S. court to block OpenAI and two former employees from using alleged trade secrets. OpenAI has responded by calling the case careless and publishing private communications; the dispute could affect OpenAI’s hardware plans but remains legally unresolved. Apple seeks preliminary injunction against OpenAI in trade secrets case
• Neutral Sentiment: Apple is also challenging a U.K. demand for access to encrypted user data. A favorable outcome could protect its privacy positioning, while prolonged regulatory litigation creates uncertainty. Apple launches fresh legal challenge against UK encrypted data access demand
• Negative Sentiment: The strongest pressure remains financial: Apple exceeded quarterly EPS and revenue estimates, but its outlook was viewed as disappointing. Higher memory and component costs, supply constraints, a Services revenue miss and delayed Apple Intelligence features have undermined confidence in near-term growth.
• Negative Sentiment: China Renaissance, DZ Bank and Phillip Securities downgraded AAPL, citing persistent memory inflation, supply risks and uncertainty over Apple Intelligence returns. With the stock trading around 35 times earnings and a PEG ratio above 2.6, investors are demanding substantial growth to justify the valuation.
• Negative Sentiment: The CEO transition adds execution risk. While some coverage views Cook’s departure as a well-prepared succession, investors will watch whether John Ternus can accelerate AI development and sustain Apple’s growth momentum.

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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