Apple Inc. $AAPL Shares Sold by BKM Wealth Management LLC

Key Points

• BKM Wealth Management LLC trimmed its Apple stake by 3.9% in the fourth quarter, selling 1,834 shares and leaving it with 45,019 shares worth about $12.24 million.
• Apple’s latest quarterly results beat expectations, with EPS of $2.01 on revenue of $111.18 billion, while revenue rose 16.6% year over year.
• The company also raised its quarterly dividend to $0.27 per share, even as analysts kept a generally positive but mixed outlook with a consensus rating of “Moderate Buy.”

BKM Wealth Management LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,019 shares of the iPhone maker's stock after selling 1,834 shares during the quarter. Apple accounts for about 4.5% of BKM Wealth Management LLC's portfolio, making the stock its 4th largest position. BKM Wealth Management LLC's holdings in Apple were worth $12,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Sellwood Investment Partners LLC increased its stake in shares of Apple by 110.9% during the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock worth $34,000 after buying an additional 71 shares during the period. ROSS JOHNSON & Associates LLC lifted its stake 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 acquiring an additional 180 shares during the last quarter. LSV Asset Management purchased a new position in Apple in the fourth quarter worth approximately $65,000. PayPay Securities Corp grew its holdings in Apple by 52.1% during the 4th quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock worth $99,000 after acquiring an additional 125 shares in the last quarter. Finally, eCIO Inc. acquired a new position in Apple during the 4th quarter worth approximately $112,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly cutting prices in China ahead of the June 18 “618” shopping holiday, a move that could boost unit sales and help defend market share in a key region, according to Wedbush. Dear Apple Stock Fans, Mark Your Calendars for June 18
• Positive Sentiment: Apple was highlighted as a top-ranked momentum stock by Zacks, reinforcing the idea that the shares continue to attract technical and style-based buying interest. Apple (AAPL) is a Top-Ranked Momentum Stock: Should You Buy?
• Positive Sentiment: Memorial Day tech promotions featuring Apple products may support short-term demand and keep the brand top of mind with consumers during a heavy shopping period. Memorial Day tech sales are live: Save up to 50% off on some of our favorite gadgets at Amazon, Apple, Best Buy and more
• Neutral Sentiment: Several commentary pieces framed Apple as a core mega-cap stock, but they did not introduce new fundamentals that would materially change the near-term outlook. Instead of Chasing Alpha, Here Are 4 Ways to Pick the Low-Hanging Apples
• Neutral Sentiment: Other articles discussed Apple in broader tech or portfolio contexts, including comparisons with Microsoft and ETF exposure, which are more informational than stock-moving on their own. Apple vs. Microsoft: What Their Revenue Trends Reveal for Investors
• Negative Sentiment: Huawei’s new smartphone chip plans add another competitive overhang for Apple, raising concerns about iPhone demand in China and the broader premium-phone market. Huawei unveils new smartphone chips this fall as rivalry with Nvidia and Apple heats up
• Negative Sentiment: A Bloomberg report said Apple’s Watch and health strategy needs a reboot to stay competitive, suggesting wearables remain an area where rivals could gain ground. Apple’s Watch and Health Efforts Need Reboot to Rival New Wearables
• Negative Sentiment: Some opinion pieces argued Apple may eventually lose momentum versus other mega-cap winners, which could weigh on sentiment even though these were long-term speculative takes rather than immediate catalysts. 3 Reasons Apple Will Be Booted From The Magnificent 7 By The End Of 2030

Insider Transactions at Apple

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the transaction, the senior vice president owned 136,810 shares of the company's stock, valued at $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 completion of the sale, the chief financial officer owned 13,366 shares of the company's stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 97,759 shares of company stock valued at $24,964,305 in the last 90 days. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group set a $296.00 price objective on shares of Apple and gave the company a "neutral" rating in a report on Friday, May 1st. Phillip Securities upgraded shares of Apple from a "moderate sell" rating to a "hold" rating in a research note on Sunday, February 1st. KeyCorp reissued a "sector weight" rating on shares of Apple in a report on Thursday, March 12th. Oppenheimer restated a "market perform" rating on shares of Apple in a research note on Friday, January 30th. Finally, TD Cowen reaffirmed a "buy" rating and set a $335.00 price target (up from $325.00) on shares of Apple in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus target price of $308.74.

Apple Stock Performance

Shares of Apple stock opened at $308.82 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a fifty day simple moving average of $270.70 and a 200-day simple moving average of $268.90. The stock has a market cap of $4.54 trillion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.69 and a beta of 1.06. Apple Inc. has a 12-month low of $193.46 and a 12-month high of $311.40.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 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 analyst estimates of $109.46 billion. During the same period last year, the business earned $1.65 EPS. Apple's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

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