Apple Inc. $AAPL Shares Sold by Bogart Wealth LLC

Key Points

• Bogart Wealth LLC reduced its Apple stake by 8.6% in the fourth quarter, selling 12,675 shares and leaving it with 134,180 shares worth about $36.5 million.
• Apple’s latest earnings beat expectations, with quarterly EPS of $2.01 on revenue of $111.18 billion, both ahead of analyst estimates. Revenue rose 16.6% year over year.
• Wall Street remains generally bullish on Apple, with a consensus “Moderate Buy” rating and target prices clustering around the low $300s, while some analysts raised targets as the company’s AI initiatives gain attention.

Bogart Wealth LLC lowered its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,180 shares of the iPhone maker's stock after selling 12,675 shares during the quarter. Apple accounts for approximately 1.5% of Bogart Wealth LLC's holdings, making the stock its 16th biggest holding. Bogart Wealth LLC's holdings in Apple were worth $36,478,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AAPL. Sellwood Investment Partners LLC boosted its position in shares of Apple by 110.9% during 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 in the last quarter. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% during 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 in the last quarter. LSV Asset Management bought a new position in shares of Apple in the fourth quarter valued at $65,000. PayPay Securities Corp raised its position in shares of Apple by 52.1% during the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock worth $99,000 after purchasing an additional 125 shares during the period. Finally, eCIO Inc. acquired a new stake in shares of Apple during the fourth quarter worth $112,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research note on Monday, March 2nd. Jefferies Financial Group set a $330.00 target price on shares of Apple in a research report on Wednesday, March 4th. Bank of America reiterated a "buy" rating and issued a $380.00 target price (up from $330.00) on shares of Apple in a research report on Tuesday. Morgan Stanley restated an "overweight" rating and set a $330.00 price target (up from $315.00) on shares of Apple in a report on Friday, May 1st. Finally, KeyCorp restated a "sector weight" rating on shares of Apple in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $310.31.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s upcoming WWDC is expected to showcase a major Siri AI overhaul and broader iOS AI upgrades, reinforcing expectations for a stronger AI product cycle. Apple to Unveil Siri’s AI Overhaul at June Conference
• Positive Sentiment: Analysts are increasingly bullish that Apple’s ecosystem could benefit from agentic AI, with Bank of America reportedly lifting its price target and pointing to user identity, payments, and app access as key advantages. Bank of America Raises Its Apple Stock Price Target to $380. Agentic AI Could Be the Upside Driver.
• Positive Sentiment: Multiple pieces highlight Apple as a momentum stock and suggest Apple Intelligence could drive iPhone and Mac upgrades, which supports the case for further revenue growth. Apple Intelligence Drives Up iPhone & Mac Sales: More Upside Ahead?
• Neutral Sentiment: Leak-driven coverage around the iPhone 18 Pro’s rumored colors and camera changes is generating buzz, but it is too early to be a major fundamental stock driver. iPhone 18 Pro dummy units reveal four color options [Gallery] - 9to5Mac
• Negative Sentiment: Some technical commentary warns Apple is approaching long-term resistance and may need a consolidation period after a strong run, which could limit near-term upside. Apple (AAPL) Faces $355 Barrier at Top of Its Multi-Year Uptrend Structure

Apple Stock Performance

NASDAQ AAPL opened at $312.06 on Friday. 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 has a market capitalization of $4.58 trillion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 2.72 and a beta of 1.06. The company's fifty day moving average is $275.43 and its two-hundred day moving average is $270.06. Apple Inc. has a 52-week low of $195.07 and a 52-week high of $315.00.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating 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 business 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 business earned $1.65 EPS. The firm's revenue was up 16.6% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 8.74 EPS for the current 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 issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.3%. This is an increase from Apple's previous quarterly dividend of $0.26. Apple's payout ratio is 13.06%.

Insider Activity

In other Apple news, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 13,366 shares of the company's stock, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 64,949 shares of the business's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the transaction, the chief executive officer directly owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 97,759 shares of company stock valued at $24,964,305. Company insiders own 0.06% of the company's stock.

Apple 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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