Apple Inc. $AAPL is GSG Advisors LLC's 4th Largest Position

GSG Advisors LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,042 shares of the iPhone maker's stock after selling 5,779 shares during the quarter. Apple accounts for 6.3% of GSG Advisors LLC's holdings, making the stock its 4th largest holding. GSG Advisors LLC's holdings in Apple were worth $24,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AAPL. Envision Financial Transparency LLC acquired a new stake in Apple in the 1st quarter valued at about $1,167,000. Lavaca Capital LLC grew its position in shares of Apple by 8.8% during the first quarter. Lavaca Capital LLC now owns 48,125 shares of the iPhone maker's stock worth $12,214,000 after buying an additional 3,875 shares in the last quarter. Levin Capital Strategies L.P. increased its stake in shares of Apple by 7.2% during the first quarter. Levin Capital Strategies L.P. now owns 93,973 shares of the iPhone maker's stock worth $23,850,000 after buying an additional 6,304 shares during the period. AR Asset Management Inc. increased its stake in shares of Apple by 7.9% during the first quarter. AR Asset Management Inc. now owns 268,802 shares of the iPhone maker's stock worth $68,219,000 after buying an additional 19,649 shares during the period. Finally, Sachem Hill LLC increased its stake in shares of Apple by 6.8% during the first quarter. Sachem Hill LLC now owns 1,484 shares of the iPhone maker's stock worth $377,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook's Last Quarter as CEO Was Apple's Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple's Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple's Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

Analyst Ratings Changes

A number of brokerages recently issued reports on AAPL. Jefferies Financial Group reiterated a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a research report on Wednesday, July 15th. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a report on Monday, June 8th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $360.00 price objective (down from $370.00) on shares of Apple in a research report on Friday, July 31st. Finally, Tigress Financial reiterated a "strong-buy" rating and set a $375.00 target price (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $330.44.

Insider Buying and Selling

In related news, insider Ben Borders sold 116 shares of Apple stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Shares of AAPL opened at $313.33 on Friday. The stock has a 50 day moving average price of $309.45 and a 200 day moving average price of $283.23. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $4.57 trillion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 2.69 and a beta of 1.09. Apple Inc. has a 52-week low of $219.25 and a 52-week high of $344.57.

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 analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share. Research analysts predict that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Dividend Announcement

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

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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