Apple Inc. $AAPL is UNIVEST FINANCIAL Corp's 3rd Largest Position

Key Points

• UNIVEST FINANCIAL reduced its Apple stake by 4.2% in the first quarter, selling 15,720 shares. Apple remains the firm’s third-largest holding, representing 5.1% of its portfolio and valued at approximately $90.6 million.
• Apple reported stronger-than-expected quarterly results, with EPS of $2.01 and revenue of $111.18 billion, up 16.6% year over year. The company also increased its quarterly dividend to $0.27 per share.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $327.40 price target, although Apple’s valuation and limited insider ownership may temper enthusiasm.

UNIVEST FINANCIAL Corp reduced its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,996 shares of the iPhone maker's stock after selling 15,720 shares during the period. Apple comprises about 5.1% of UNIVEST FINANCIAL Corp's portfolio, making the stock its 3rd biggest holding. UNIVEST FINANCIAL Corp's holdings in Apple were worth $90,602,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AAPL. First National Bank of Hutchinson boosted its stake in shares of Apple by 24.6% during the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after acquiring an additional 6,982 shares in the last quarter. Eagle Capital Management LLC increased its stake in shares of Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after purchasing an additional 272 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after purchasing an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Apple by 4.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock worth $16,742,000 after purchasing an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE raised its holdings in Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock worth $12,587,000 after purchasing an additional 1,155 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In related news, insider Ben Borders sold 116 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 company insiders.

Apple Price Performance

Shares of Apple stock opened at $333.02 on Monday. The stock has a market capitalization of $4.89 trillion, a P/E ratio of 40.27, a PEG ratio of 2.88 and a beta of 1.10. The business has a 50 day simple moving average of $306.62 and a two-hundred day simple moving average of $279.09. Apple Inc. has a 12 month low of $201.50 and a 12 month high of $334.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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 firm had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The business's revenue was up 16.6% on a year-over-year basis. As a group, analysts predict that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, May 11th. This is an increase from Apple's previous quarterly dividend of $0.26. Apple's payout ratio is 13.06%.

Analysts Set New Price Targets

Several brokerages have commented on AAPL. Tigress Financial reissued a "strong-buy" rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. Monness Crespi & Hardt lifted their price target on shares of Apple from $315.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Wells Fargo & Company reissued an "overweight" rating and issued a $310.00 price target (up from $300.00) on shares of Apple in a report on Friday, May 1st. Finally, Maxim Group restated a "buy" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $327.40.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Ford said it will embed Apple Maps into upcoming EVs, expanding Apple’s software reach and reinforcing the value of its ecosystem. Ford Embeds Apple Maps Directly into Upcoming EVs
• Positive Sentiment: Baird raised its price target on Apple and reiterated an Outperform rating, adding to bullish analyst momentum. Finviz
• Positive Sentiment: Commentary highlighted Apple as outperforming the broader market, supported by strong ratings and a favorable chart setup ahead of earnings. Why is Apple stock outperforming the broader market?
• Neutral Sentiment: Apple was also the subject of discussion around upcoming product launches, AI features, and a possible device-leasing program, which could support demand but remain unconfirmed or longer-term in nature.
• Negative Sentiment: Some reports noted concerns that Apple’s valuation is stretched heading into earnings, and insider sales plus short-interest chatter may temper enthusiasm if results disappoint.

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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