Apple Inc. $AAPL is Marin Bay Wealth Advisors LLC's 5th Largest Position

Key Points

• Marin Bay Wealth Advisors reduced its Apple stake by 12.2% in the first quarter, selling 5,139 shares and retaining 37,038 shares worth approximately $9.04 million. Apple remains the firm’s fifth-largest holding, representing about 2.7% of its portfolio.
• Institutional ownership remains substantial at 67.73%, with Vanguard, State Street, Geode Capital and Morgan Stanley among the largest shareholders increasing their positions. Analysts maintain a “Moderate Buy” consensus, with an average price target of $330.44.
• Apple exceeded quarterly expectations, reporting $2.02 in EPS and $109.42 billion in revenue, up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 0.3% annual yield.

Marin Bay Wealth Advisors LLC cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 12.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,038 shares of the iPhone maker's stock after selling 5,139 shares during the quarter. Apple comprises approximately 2.7% of Marin Bay Wealth Advisors LLC's holdings, making the stock its 5th largest position. Marin Bay Wealth Advisors LLC's holdings in Apple were worth $9,037,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after buying an additional 26,856,752 shares during the period. State Street Corp grew its position in Apple by 1.1% during the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker's stock worth $164,218,801,000 after buying an additional 6,555,392 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Apple by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker's stock worth $97,031,587,000 after purchasing an additional 1,866,103 shares in the last quarter. Morgan Stanley increased its holdings in Apple by 0.6% in the 4th quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker's stock valued at $62,659,118,000 after buying an additional 1,379,651 shares during the period. Finally, Norges Bank bought a new stake in Apple in the fourth quarter valued at about $52,266,468,000. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of analyst reports. China Renaissance cut Apple from a "buy" rating to a "hold" rating and set a $280.00 price target on the stock. in a research report on Tuesday. Barclays reiterated an "underweight" rating and issued a $245.00 price objective (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Morgan Stanley lowered their price target on shares of Apple from $364.00 to $360.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Robert W. Baird lifted their price objective on Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Apple in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average target price of $330.44.

Insider Buying and Selling at Apple

In other news, insider Ben Borders sold 116 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, 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 ownership of the stock. 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 currently owned by corporate insiders.

Apple Stock Up 0.3%

NASDAQ AAPL opened at $313.33 on Friday. Apple Inc. has a 1-year low of $219.25 and a 1-year high of $344.57. The company has a 50 day moving average of $309.45 and a 200-day moving average of $283.23. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.57 trillion, a price-to-earnings ratio of 35.93, a PEG ratio of 2.68 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The business 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 quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share. On average, equities research analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Apple's payout ratio is presently 12.39%.

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%

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.

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.

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