Apple Inc. $AAPL Holdings Decreased by Moss Adams Wealth Advisors LLC

Key Points

• Moss Adams Wealth Advisors LLC reduced its Apple stake by 1.6% in the fourth quarter, selling 1,730 shares and ending with 103,482 shares worth about $28.1 million.
• Apple reported strong quarterly results, with EPS of $2.01 and revenue of $111.18 billion, both ahead of analyst expectations and up 16.6% from a year earlier.
• The company also raised its quarterly dividend to $0.27 per share, while Wall Street remains broadly positive with a consensus rating of Moderate Buy and an average price target of $305.74.

Moss Adams Wealth Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,482 shares of the iPhone maker's stock after selling 1,730 shares during the quarter. Apple accounts for approximately 2.0% of Moss Adams Wealth Advisors LLC's holdings, making the stock its 10th biggest position. Moss Adams Wealth Advisors LLC's holdings in Apple were worth $28,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Overbrook Management Corp boosted its position in Apple by 57.4% during the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock valued at $28,449,000 after purchasing an additional 38,174 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Apple by 48.4% during the third quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock valued at $363,256,000 after purchasing an additional 465,393 shares during the last quarter. Tufton Capital Management boosted its position in Apple by 4.3% during the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock valued at $25,496,000 after purchasing an additional 4,157 shares during the last quarter. Montis Financial LLC boosted its position in Apple by 15.8% during the third quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker's stock valued at $19,841,000 after purchasing an additional 10,640 shares during the last quarter. Finally, KBC Group NV boosted its position in Apple by 3.1% during the fourth quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock valued at $1,915,172,000 after purchasing an additional 214,215 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 30,002 shares of the business's stock in a transaction dated 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 transaction, the senior vice president directly owned 136,810 shares in the company, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of the business's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the transaction, the chief executive officer owned 3,280,418 shares in the company, valued at $833,980,668.14. This represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 96,485 shares of company stock valued at $24,594,845. Insiders own 0.06% of the company's stock.

Apple Price Performance

NASDAQ AAPL opened at $292.68 on Tuesday. Apple Inc. has a twelve month low of $193.46 and a twelve month high of $294.76. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a market capitalization of $4.30 trillion, a PE ratio of 35.39, a P/E/G ratio of 2.55 and a beta of 1.06. The stock has a 50-day simple moving average of $262.63 and a 200 day simple moving average of $266.47.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share 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 business had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. The firm's revenue was up 16.6% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. This is a boost from Apple's previous quarterly dividend of $0.26. Apple's payout ratio is presently 12.58%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup reissued a "buy" rating on shares of Apple in a research report on Tuesday, April 21st. Robert W. Baird set a $310.00 price objective on Apple in a research report on Friday, May 1st. Rosenblatt Securities lifted their price objective on Apple from $268.00 to $276.00 and gave the company a "neutral" rating in a research report on Friday, May 1st. KGI Securities raised Apple to an "outperform" rating and set a $306.00 price target for the company in a research report on Friday, January 30th. Finally, Phillip Securities raised Apple from a "moderate sell" rating to a "hold" rating in a research report on Sunday, February 1st. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $305.74.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s latest earnings showed record-like strength, with revenue and EPS beating estimates and iPhone sales surging, reinforcing confidence in the company’s core business and margin profile.
• Positive Sentiment: Apple is being viewed more favorably on AI and product innovation, with analysts and commentators highlighting a coming WWDC catalyst, deeper AI integration, and potential new growth from wearables, Vision products, and smart glasses.
• Positive Sentiment: Reports that Apple may use Intel for some chip production could be seen as strategically positive because it reduces reliance on a single supplier and may improve long-term supply-chain resilience. Article Title
• Positive Sentiment: Apple’s pricing power remains intact, as it reportedly raised the Mac mini’s starting price while still seeing strong demand and backorders, suggesting healthy interest in its hardware lineup.
• Neutral Sentiment: Apple will pay its quarterly dividend today, which supports the stock’s income appeal but is not likely a major near-term share-price driver.
• Negative Sentiment: Director Arthur Levinson’s $71 million stock sale may temper enthusiasm a bit, since insider selling near highs can signal management caution or profit-taking.
• Negative Sentiment: Some coverage warns that Apple’s stock may be getting stretched after its run-up, and rising component costs could pressure future margins if consumer hardware pricing becomes harder to manage.

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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