Apple Inc. $AAPL Shares Sold by B&D White Capital Company LLC

Key Points

• B&D White Capital cut its Apple stake by 43.6% in the fourth quarter, selling 5,620 shares and leaving it with 7,275 shares valued at about $1.98 million.
• Apple continues to see broad institutional interest, with hedge funds and other investors adjusting positions, and institutional ownership still standing at 67.73% of the company.
• Recent market sentiment is mixed: Apple’s Services business and earnings remain strong, but investors are still waiting for its AI strategy—including WWDC/Siri updates—to show a clearer impact on growth.

B&D White Capital Company LLC lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 43.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,275 shares of the iPhone maker's stock after selling 5,620 shares during the quarter. B&D White Capital Company LLC's holdings in Apple were worth $1,978,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sellwood Investment Partners LLC boosted its holdings in shares of Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after purchasing an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC boosted its holdings in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares during the last quarter. Timmons Wealth Management LLC acquired a new position in shares of Apple during the 4th quarter valued at $69,000. LSV Asset Management acquired a new position in shares of Apple during the 4th quarter valued at $65,000. Finally, PayPay Securities Corp lifted its holdings in shares of Apple by 52.1% during the 4th quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock valued at $99,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Services business posted record revenue in the fiscal second quarter, supported by ecosystem growth, AI-related updates, and its huge installed device base. Apple Continues to Expand Services Business: What's the Path Ahead?
• Positive Sentiment: Several commentators said Apple still has strong fundamentals, including a solid balance sheet, loyal customer base, and products investors continue to love, which supports the long-term bull case. Jim Cramer on Apple: “It Still Has Products We All Love”
• Positive Sentiment: Analysts at Erste Group Bank raised their earnings estimates for Apple, signaling expectations for steady profit growth over the next two fiscal years. Apple earnings estimate update
• Neutral Sentiment: Apple’s WWDC announcements showed a clearer AI roadmap, including next-generation Siri features and device software updates, but the market appears to be waiting for stronger evidence that these changes will drive meaningful revenue growth. Apple Unveils Siri AI. Here's Why It's Not Impressing Investors
• Neutral Sentiment: Some coverage suggested Apple’s AI launch could help the stock over time, but it may take more than Siri upgrades alone to restore investor enthusiasm. Apple Just Gave Investors a Glimpse of Is AI Future at WWDC. It May Take More to Revive AAPL Stock.
• Negative Sentiment: Investors are worried Apple’s AI ambitions are colliding with a memory-cost crunch, creating pricing pressure that could weigh on margins. Apple Faces a No-Win Pricing Dilemma. Should Investors Be Worried?
• Negative Sentiment: Multiple reports say the market was disappointed that Apple’s Siri AI reveal did not feel like a big enough breakthrough to justify a sharper rerating of the stock. Apple's AI News Underwhelms. Siri AI Release Concerns Persist.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group restated a "buy" rating on shares of Apple in a report on Tuesday. Tigress Financial restated a "strong-buy" rating and set a $375.00 target price (up from $305.00) on shares of Apple in a report on Thursday, May 14th. KeyCorp restated a "sector weight" rating on shares of Apple in a report on Tuesday. Wells Fargo & Company restated an "overweight" rating and set a $310.00 target price (up from $300.00) on shares of Apple in a report on Friday, May 1st. Finally, Bank of America restated a "buy" rating and set a $380.00 target price (up from $330.00) on shares of Apple in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $314.59.

Insider Activity

In related news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider 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 SEC, which is accessible through the SEC website. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. This trade represents a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 97,759 shares of company stock worth $24,964,305. Corporate insiders own 0.06% of the company's stock.

Apple Stock Performance

Apple stock opened at $291.13 on Friday. Apple Inc. has a 12-month low of $195.07 and a 12-month high of $317.40. The company has a market capitalization of $4.28 trillion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 2.53 and a beta of 1.09. 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 firm's fifty day moving average price is $285.64 and its 200 day moving average price is $272.27.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The firm's quarterly revenue was up 16.6% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a dividend of $0.27 per share. This is a positive change from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple's payout ratio is presently 13.06%.

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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