Apple Inc. $AAPL Holdings Reduced by Fishman Jay A Ltd. MI

Key Points

• Fishman Jay A Ltd. MI trimmed its Apple stake by 1.8% in the fourth quarter, but Apple still remains its largest holding at 20.7% of the portfolio, worth about $251.7 million.
• Apple continues to see broad institutional support, with several funds increasing their positions and about 67.73% of shares held by hedge funds and other institutional investors.
• Apple also reported strong recent fundamentals, including EPS of $2.01 and revenue of $111.18 billion for the quarter, while raising its quarterly dividend to $0.27 per share.

Fishman Jay A Ltd. MI cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 925,730 shares of the iPhone maker's stock after selling 16,594 shares during the period. Apple accounts for 20.7% of Fishman Jay A Ltd. MI's holdings, making the stock its biggest holding. Fishman Jay A Ltd. MI's holdings in Apple were worth $251,669,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AAPL. Overbrook Management Corp raised its holdings in Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock valued at $28,449,000 after buying an additional 38,174 shares during the period. Citizens Financial Group Inc. RI raised its holdings in Apple by 48.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock valued at $363,256,000 after buying an additional 465,393 shares during the period. Tufton Capital Management raised its holdings in Apple by 4.3% during the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock valued at $25,496,000 after buying an additional 4,157 shares during the period. KBC Group NV raised its holdings in Apple by 3.1% during the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock valued at $1,915,172,000 after buying an additional 214,215 shares during the period. Finally, Montis Financial LLC raised its holdings in Apple by 15.8% during the 3rd quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker's stock valued at $19,841,000 after buying an additional 10,640 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other news, insider Ben Borders sold 1,274 shares of the stock in a transaction 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 transaction, the insider owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 64,949 shares of the 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 transaction, the chief executive officer directly owned 3,280,418 shares in the company, valued at $833,980,668.14. The trade was a 1.94% decrease in their position. 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. Insiders sold a total of 97,759 shares of company stock worth $24,964,305 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is rolling out new Apple Intelligence features, including AI-powered accessibility tools and planned iOS 27 upgrades such as smarter writing help, Shortcuts improvements, and wallpaper features, reinforcing the view that AI can drive the next phase of growth. Apple announces Apple Intelligence powered accessibility feature updates
• Positive Sentiment: Multiple recent articles highlight Apple’s Services business as a major profit engine, suggesting investors are starting to value Apple less as just an iPhone maker and more as a higher-margin platform company. AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth
• Positive Sentiment: Apple remains near record levels, with commentary pointing to strong iPhone and Services performance and analyst targets well above current trading ranges, which supports the bullish valuation narrative. Apple Trades Close to 52-Week High: Buy, Sell or Hold the Stock?
• Positive Sentiment: Institutional investors continue to add Apple exposure, including a new near-$1 billion stake from Viking Global, signaling ongoing big-money confidence in AAPL. Viking Global Opens Fresh Apple Stake Worth Nearly $1 Billion As Big Tech Trade Roars Back
• Neutral Sentiment: Apple’s return of Fortnite to the App Store removes one high-profile friction point, but it also keeps attention on Apple’s App Store control and ongoing platform disputes. Fortnite Returns to the App Store Amid Clashes With Apple
• Negative Sentiment: An Indian court ordered Apple to fully cooperate in an App Store antitrust probe, adding to regulatory risk around Apple’s platform practices and potential penalties. Indian court tells Apple to 'cooperate' in antitrust case
• Negative Sentiment: Samsung and Google unveiled AI smart glasses to challenge Meta and Apple, underscoring intensifying competition in next-generation consumer AI hardware. Samsung and Google Announce AI Smart Glasses to Challenge Meta and Apple
• Negative Sentiment: Reuters reported that Apple’s global Formula 1 streaming ambitions may take time to expand beyond the U.S. because of differing international media-rights cycles, limiting the near-term boost from that deal. After U.S. deal, Apple's global F1 push may take time

Analysts Set New Price Targets

Several equities analysts have commented on the company. Phillip Securities raised Apple from a "moderate sell" rating to a "hold" rating in a research report on Sunday, February 1st. Jefferies Financial Group set a $330.00 price objective on Apple in a research report on Wednesday, March 4th. Morgan Stanley reaffirmed an "overweight" rating and issued a $330.00 price objective (up from $315.00) on shares of Apple in a research report on Friday, May 1st. Tigress Financial reaffirmed a "strong-buy" rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Finally, Robert W. Baird set a $310.00 price objective on Apple in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $308.74.

Apple Price Performance

AAPL opened at $298.97 on Wednesday. Apple Inc. has a 12-month low of $193.46 and a 12-month high of $303.20. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The business's fifty day simple moving average is $266.95 and its 200-day simple moving average is $267.88. The company has a market capitalization of $4.39 trillion, a price-to-earnings ratio of 36.15, a PEG ratio of 2.59 and a beta of 1.06.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $109.46 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The business's revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

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

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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