Apple Inc. $AAPL is Leeward Financial Partners LLC's 4th Largest Position

Key Points

• Leeward Financial Partners trimmed its Apple stake by 4% in the first quarter, but Apple still ranks as its 4th largest holding. The position was worth about $14.1 million after the sale.
• Apple reported better-than-expected quarterly results, with earnings of $2.01 per share on revenue of $111.18 billion, and revenue rose 16.6% year over year. The company also increased its quarterly dividend to $0.27 per share.
• Sentiment on Apple is mixed: analysts remain broadly positive with a Moderate Buy consensus and average price target of $314.85, but the stock faces headwinds from memory-chip shortages, cybersecurity concerns, and regulatory pressure in markets like Russia and the U.K.

Leeward Financial Partners LLC reduced its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,724 shares of the iPhone maker's stock after selling 2,345 shares during the quarter. Apple comprises approximately 4.2% of Leeward Financial Partners LLC's holdings, making the stock its 4th largest position. Leeward Financial Partners LLC's holdings in Apple were worth $14,142,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Lifetime Wealth Management P.C. purchased a new stake in Apple during the 4th quarter valued at about $41,000. ROSS JOHNSON & Associates LLC raised its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after buying an additional 180 shares during the last quarter. Timmons Wealth Management LLC purchased a new position in Apple in the fourth quarter worth about $69,000. LSV Asset Management bought a new position in shares of Apple in the fourth quarter worth approximately $65,000. Finally, Inspire Investing LLC purchased a new stake in shares of Apple during the fourth quarter valued at approximately $76,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: UBS said iPhone demand is improving in key markets, though it does not appear to be driven by Apple Intelligence. Apple’s (AAPL) iPhone Demand Is Improving, But AI Isn’t The Reason Why
• Positive Sentiment: Several articles highlighted Apple as a favored large-cap name, with bullish pieces citing seasonal strength, Warren Buffett-style appeal, and strong long-term fundamentals. This Stock is My Biggest Bet For July
• Neutral Sentiment: Apple’s AI expansion remains a focus, with reports saying the company is weaving AI deeper into services and hardware, but competition from Alphabet and Microsoft keeps expectations in check. Apple's AI Expansion Aims to Boost Services Momentum: What's Ahead?
• Negative Sentiment: Apple is dealing with a reported memory-chip crunch that has already forced price increases on some products, which could pressure margins and demand if costs stay elevated. Apple negotiates with blacklisted Chinese chipmakers amid AI-driven memory crunch
• Negative Sentiment: Supply-chain and cybersecurity concerns also weighed on sentiment after reports of a Tata Electronics breach exposed confidential iPhone 18 Pro-related information. Apple’s China Memory Push Could Be a Win for AAPL Stock
• Negative Sentiment: Regulatory pressure remains a risk, with Russia warning of a possible fine and the U.K. CMA targeting Apple’s App Store payment rules, which could eventually hit services revenue. Russia warns Apple of $52 million fine over alleged bias against local apps

Apple Trading Up 1.7%

Shares of AAPL stock opened at $294.38 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The company has a market cap of $4.32 trillion, a price-to-earnings ratio of 35.60, a PEG ratio of 2.52 and a beta of 1.10. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $317.40. The firm has a fifty day moving average price of $293.69 and a 200-day moving average price of $273.39.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.Apple's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm earned $1.65 EPS. As a group, equities analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. This is an increase from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. Apple's dividend payout ratio is 13.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. KeyCorp restated a "sector weight" rating on shares of Apple in a report on Tuesday, June 9th. DA Davidson reiterated a "neutral" rating and set a $270.00 target price on shares of Apple in a research note on Friday, May 1st. Wells Fargo & Company reissued an "overweight" rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a report on Friday, May 1st. Maxim Group restated a "buy" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Finally, Robert W. Baird set a $310.00 price target on Apple in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $314.85.

Insider Activity

In other news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated 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 directly owned 38,713 shares of the company's stock, valued at $11,226,770. The trade was a 3.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares of the company's stock, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,924 shares of company stock worth $825,546 in the last ninety days. Corporate insiders own 0.06% of the company's stock.

About Apple

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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