Apple Inc. $AAPL is Beacon Investment Advisory Services Inc.'s 4th Largest Position

Key Points

• Beacon Investment Advisory Services trimmed its Apple stake by 2.3% (sold 6,753 shares) and now holds 286,862 shares valued at about $77.99 million, making Apple its 4th-largest position at 3.2% of assets.
• Apple beat quarterly expectations, reporting $2.84 EPS versus $2.67 expected and revenue of $143.76 billion versus $138.25 billion, with revenue up 15.7% year-over-year.
• Insider sales: CEO Tim Cook sold 64,949 shares (~$16.5M) and SVP Deirdre O'Brien sold 30,002 shares (~$7.66M), both via pre-arranged Rule 10b5-1 plans.

Beacon Investment Advisory Services Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 286,862 shares of the iPhone maker's stock after selling 6,753 shares during the period. Apple comprises 3.2% of Beacon Investment Advisory Services Inc.'s holdings, making the stock its 4th biggest position. Beacon Investment Advisory Services Inc.'s holdings in Apple were worth $77,986,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Conrad Siegel Investment Advisors Inc. lifted its position in shares of Apple by 2.1% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 10,629 shares of the iPhone maker's stock worth $2,890,000 after purchasing an additional 223 shares during the period. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Apple by 61.1% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 1,843 shares of the iPhone maker's stock worth $501,000 after purchasing an additional 699 shares during the period. Goelzer Investment Management Inc. lifted its position in shares of Apple by 5.5% in the 4th quarter. Goelzer Investment Management Inc. now owns 155,765 shares of the iPhone maker's stock worth $42,346,000 after purchasing an additional 8,158 shares during the period. Nova R Wealth Inc. lifted its position in shares of Apple by 393.0% in the 4th quarter. Nova R Wealth Inc. now owns 25,611 shares of the iPhone maker's stock worth $6,963,000 after purchasing an additional 20,416 shares during the period. Finally, Sky Investment Group LLC lifted its position in shares of Apple by 3.6% in the 4th quarter. Sky Investment Group LLC now owns 34,304 shares of the iPhone maker's stock worth $9,326,000 after purchasing an additional 1,189 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Down 0.2%

NASDAQ AAPL opened at $258.75 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The firm has a market cap of $3.80 trillion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 2.46 and a beta of 1.11. The company has a 50 day moving average price of $260.32 and a 200 day moving average price of $263.92. Apple Inc. has a 52 week low of $189.81 and a 52 week high of $288.62.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping the consensus estimate of $2.67 by $0.17. The firm had revenue of $143.76 billion during the quarter, compared to analyst estimates of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. Apple's revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.40 EPS. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

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

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the company's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of the company's stock in a transaction that occurred 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 owned 136,810 shares in the company, valued at $34,934,433.50. The trade was a 17.99% 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. Corporate insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AAPL. Citigroup reaffirmed a "buy" rating and issued a $315.00 price target (down from $330.00) on shares of Apple in a research report on Tuesday, January 20th. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research report on Friday, January 30th. Jefferies Financial Group set a $330.00 price target on shares of Apple in a research report on Wednesday, March 4th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Apple in a research note on Monday, December 29th. Finally, Maxim Group upgraded shares of Apple from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $301.37.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target to $325 and kept a "buy" rating, citing strong iPhone momentum, Services growth and favorable FX — a bullish catalyst ahead of Apple's earnings. Apple price target raised ahead of earnings
• Neutral Sentiment: Amazon's $11.6B acquisition of Globalstar redraws the satellite connectivity landscape Apple relies on for iPhone/Watch emergency features; Apple has secured continuity for service but faces strategic exposure to a competitor-controlled network. Amazon Buys Globalstar
• Neutral Sentiment: Reports say iPhone Fold production was pushed back but the launch remains on track for fall 2026 — a delay risk for supply/timing but still keeps the new product narrative intact. iPhone Fold Production Pushed Back
• Negative Sentiment: A fake Ledger Live app on the App Store was tied to roughly $9.5M in crypto thefts — raises fresh questions about App Store review controls and potential regulatory scrutiny. Fake Ledger Live app drained $9.5M
• Negative Sentiment: Apple will close three retail stores — including its first unionized location — prompting union-busting claims and potential PR/regulatory headlines. Apple closing 3 stores
• Negative Sentiment: Apple's head of AI is reportedly leaving the company, which adds pressure as investors watch Apple’s ability to execute on generative-AI features and products. Apple head of AI is leaving

Apple Company 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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