Apple Inc. $AAPL Holdings Lowered by Azzad Asset Management Inc. ADV

Key Points

• Azzad Asset Management trimmed its Apple stake by 6.9% in Q4, selling 13,061 shares to hold 176,473 shares worth $47.98 million, with Apple making up 4.7% of the fund (its largest holding).
• Apple recently beat quarterly expectations—EPS $2.84 vs. $2.67 and revenue $143.76B (up 15.7% YoY)—and has a market cap near $3.98 trillion, though sentiment is mixed amid CEO succession optimism and headlines like Berkshire Hathaway’s ~75% stake cut and regulatory/AI risks.

Azzad Asset Management Inc. ADV trimmed its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,473 shares of the iPhone maker's stock after selling 13,061 shares during the period. Apple makes up 4.7% of Azzad Asset Management Inc. ADV's investment portfolio, making the stock its largest holding. Azzad Asset Management Inc. ADV's holdings in Apple were worth $47,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. DMC Group LLC lifted its stake in shares of Apple by 0.8% in the 4th quarter. DMC Group LLC now owns 52,947 shares of the iPhone maker's stock worth $14,394,000 after acquiring an additional 445 shares during the period. South Shore Capital Advisors acquired a new stake in shares of Apple in the fourth quarter valued at about $5,156,000. Raleigh Capital Management Inc. lifted its stake in shares of Apple by 6.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 19,981 shares of the iPhone maker's stock valued at $5,432,000 after purchasing an additional 1,182 shares during the period. Carolina Wealth Advisors LLC lifted its stake in shares of Apple by 1.0% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,552 shares of the iPhone maker's stock valued at $1,781,000 after purchasing an additional 62 shares during the period. Finally, Robinhood Asset Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at about $22,625,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Apple stock opened at $271.06 on Friday. Apple Inc. has a 1 year low of $193.25 and a 1 year high of $288.62. The firm has a 50 day moving average price of $260.03 and a 200 day moving average price of $264.56. The company has a market cap of $3.98 trillion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.49 and a beta of 1.11. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The firm had revenue of $143.76 billion during the quarter, compared to the consensus estimate of $138.25 billion. During the same period in the previous year, the firm earned $2.40 earnings per share. Apple's revenue was up 15.7% compared to the same quarter last year. Sell-side analysts predict that Apple Inc. will post 8.52 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple's payout ratio is presently 13.15%.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong product demand: Apple’s $599 M4 Mac mini has sold out online amid an AI-driven upswing in mac‑mini interest, signalling healthy hardware demand ahead of upcoming results. Good luck getting a Mac Mini anytime soon
• Positive Sentiment: Investor optimism around new CEO: John Ternus was named CEO effective September 1; several pieces highlight why investors should be encouraged (hardware pedigree, potential renewed product focus). That optimism supports a constructive view on future device cycles. 2 Reasons Investors Should Be Excited for the New Apple CEO
• Positive Sentiment: Analyst and market support ahead of earnings: Firms including Wedbush and others have reiterated favorable views or buying interest into the earnings cadence and iPhone cycle, lending some near‑term support. Wedbush Reaffirms Outperform for Apple
• Neutral Sentiment: CEO succession — expectations and risks: Coverage (FT, NYT, Motley Fool) lays out the transition details and the main tasks for John Ternus; this is a material change but many view it as orderly for now. The Apple juggernaut and the AI roadblock
• Neutral Sentiment: Short‑interest data is noisy/unclear this month (reported values are effectively zero/invalid), so it provides little actionable signal today.
• Negative Sentiment: Berkshire Hathaway selling: Reports show Warren Buffett’s group cut a large portion (~75%) of its Apple stake and redeployed funds into Chubb — a headline catalyst for today’s selling and a signal that a major, long‑held holder is trimming exposure. Warren Buffett Quietly Sold 75% of His Biggest Holding
• Negative Sentiment: Regulatory/AI execution risks: India’s antitrust probe of the App Store and persistent questions about Apple’s AI/Siri progress and executive departures raise execution and legal-risk concerns that could pressure multiple quarters. Indian Antitrust Push Tests Apple App Store Model

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent analyst reports. UBS Group reiterated a "neutral" rating on shares of Apple in a research note on Wednesday, March 4th. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a report on Wednesday, March 4th. Wedbush restated an "outperform" rating and set a $350.00 target price on shares of Apple in a report on Tuesday. Phillip Securities upgraded shares of Apple from a "moderate sell" rating to a "hold" rating in a report on Sunday, February 1st. Finally, TD Cowen restated a "buy" rating and set a $325.00 target price on shares of Apple in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $303.06.

Insiders Place Their Bets

In other news, SVP Deirdre O'brien sold 30,002 shares of the business's stock in a transaction on Thursday, April 2nd. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer directly owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.06% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.