Apple Inc. $AAPL Shares Sold by Bryn Mawr Trust Advisors LLC

Key Points

• Bryn Mawr Trust Advisors trimmed its Apple position by 0.5% in the first quarter, selling 1,997 shares and retaining 368,981 shares valued at approximately $93.6 million. Apple remains the firm’s third-largest holding, representing about 4.5% of its portfolio.
• Several major institutional investors, including Vanguard, State Street, Geode Capital and Morgan Stanley, increased their Apple stakes, while Norges Bank established a new position. Institutional investors and hedge funds collectively own 67.73% of Apple’s outstanding shares.
• Apple’s outlook is supported by strong recent earnings, positive expectations for iPhone and Services revenue, and a new Klarna-backed device-leasing program, but investors face valuation, component-cost and tariff risks ahead of earnings. The stock carries a “Moderate Buy” consensus rating with an average analyst price target of $327.40.

Bryn Mawr Trust Advisors LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 368,981 shares of the iPhone maker's stock after selling 1,997 shares during the period. Apple makes up about 4.5% of Bryn Mawr Trust Advisors LLC's portfolio, making the stock its 3rd largest holding. Bryn Mawr Trust Advisors LLC's holdings in Apple were worth $93,644,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares during the last quarter. State Street Corp lifted its position in shares of Apple by 1.1% during the 4th 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 during the last quarter. Geode Capital Management LLC lifted its position 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 buying an additional 1,866,103 shares during the last quarter. Morgan Stanley boosted its stake in Apple by 0.6% in the fourth 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 in the last quarter. Finally, Norges Bank acquired a new stake in Apple in the fourth quarter valued at about $52,266,468,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investor optimism is building ahead of earnings. Analysts expect continued strength in iPhone and Services revenue, while Goldman Sachs raised its price target and projected outperformance in iPhone and Mac sales. Options activity also indicates expectations for a substantial post-earnings move. Goldman raises Apple price target
• Positive Sentiment: Apple launched Apple Upgrade, a U.S. leasing program powered by Klarna. Customers can lease iPhones, Macs, iPads and Apple Watches through monthly payments, including iPhone plans starting at $17.99. The program could improve affordability, support upgrade frequency and broaden access to Apple’s hardware ecosystem. Apple launches US device leasing program with Klarna
• Neutral Sentiment: Apple’s privacy positioning is receiving favorable attention after users’ seemingly private Claude AI conversations appeared in Google search results. The publicity may reinforce Apple’s privacy brand, although the direct financial impact is unclear. Claude chats exposed in Google searches
• Negative Sentiment: Valuation and execution risks are elevated. KeyBanc remains bearish, citing slowing unit and user growth, while Apple’s premium earnings multiple leaves limited room for an earnings or outlook disappointment. Investors will closely watch iPhone demand, Services growth, margins and management commentary during Tim Cook’s final earnings call as CEO. Apple earnings preview
• Negative Sentiment: Rising memory and component costs could pressure hardware margins, particularly if tariffs restrict Apple’s access to lower-cost Chinese suppliers. Separately, a lawsuit alleges that a fraudulent Bitcoin wallet app on the App Store caused about $1.8 million in losses, creating a modest App Store oversight and reputational risk. Memory tariffs and Apple margins

Apple Stock Up 0.9%

NASDAQ:AAPL opened at $340.08 on Wednesday. Apple Inc. has a one year low of $201.50 and a one year high of $342.89. 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 company has a market cap of $4.99 trillion, a PE ratio of 41.12, a P/E/G ratio of 2.91 and a beta of 1.10. The firm's 50 day simple moving average is $308.22 and its 200 day simple moving average is $280.18.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same quarter in the previous year, the business earned $1.65 earnings per share. Apple's revenue was up 16.6% compared to the same quarter last year. On average, research analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given 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 dividend payout ratio is 13.06%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AAPL. UBS Group set a $365.00 target price on Apple in a research report on Tuesday, July 21st. Wells Fargo & Company restated an "overweight" rating and issued a $310.00 price target (up from $300.00) on shares of Apple in a research note on Friday, May 1st. KeyCorp reaffirmed an "underweight" rating and set a $250.00 price target on shares of Apple in a report on Tuesday. DA Davidson reiterated a "neutral" rating and set a $270.00 price objective on shares of Apple in a research report on Friday, May 1st. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $276.00 price objective on shares of Apple in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $327.40.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company's stock.

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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