Apple Inc. $AAPL Shares Sold by Caldwell Trust Co

Key Points

• Caldwell Trust Co trimmed its Apple stake by 0.8% in the fourth quarter, but Apple remains its largest holding at about 6% of the portfolio, valued at roughly $67.7 million.
• Apple reported a strong latest quarter, with EPS of $2.01 beating estimates and revenue of $111.18 billion topping expectations, helped by 16.6% year-over-year revenue growth.
• The company also raised its quarterly dividend to $0.27 per share from $0.26, while analysts remain largely bullish with an average price target around $310.31 and a “Moderate Buy” rating.

Caldwell Trust Co decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 249,061 shares of the iPhone maker's stock after selling 1,942 shares during the quarter. Apple comprises about 6.0% of Caldwell Trust Co's holdings, making the stock its largest position. Caldwell Trust Co's holdings in Apple were worth $67,710,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sellwood Investment Partners LLC raised its stake in 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 raised its stake in 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. LSV Asset Management acquired a new position in Apple in the 4th quarter valued at about $65,000. PayPay Securities Corp raised its stake in Apple by 52.1% in the 4th quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock valued at $99,000 after purchasing an additional 125 shares during the last quarter. Finally, eCIO Inc. acquired a new position in Apple in the 4th quarter valued at about $112,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Up 0.5%

Shares of NASDAQ:AAPL opened at $312.51 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 1 year low of $195.07 and a 1 year high of $313.26. The stock has a market capitalization of $4.59 trillion, a P/E ratio of 37.79, a PEG ratio of 2.71 and a beta of 1.06. The stock has a 50-day simple moving average of $274.19 and a 200-day simple moving average of $269.76.

Apple (NASDAQ:AAPL - Get Free Report) last issued its 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 business had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The company's revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 8.74 earnings per share for the current 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 dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend 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 dividend payout ratio (DPR) is presently 13.06%.

Insider Transactions at Apple

In other news, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben Borders sold 1,274 shares of the business's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value 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 SEC filing for this sale provides additional information. Insiders have sold a total of 97,759 shares of company stock worth $24,964,305 over the last 90 days. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. KGI Securities raised shares of Apple to an "outperform" rating and set a $306.00 price objective for the company in a research note on Friday, January 30th. Monness Crespi & Hardt upped their price objective 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. Evercore reaffirmed an "outperform" rating and set a $365.00 price objective on shares of Apple in a research note on Thursday, May 14th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $310.00 price objective (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Finally, Moffett Nathanson upped their price objective on shares of Apple from $241.00 to $270.00 and gave the company a "neutral" rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $310.31.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target on Apple to $380 from $330 and kept a Buy rating, saying agentic AI could strengthen Apple’s ecosystem and create meaningful new revenue opportunities.
• Positive Sentiment: Multiple reports say Apple is preparing a major Siri overhaul for WWDC, including a new app-like experience designed to compete more directly with ChatGPT-style assistants, which could improve sentiment around Apple’s AI roadmap.
• Positive Sentiment: Analysts and commentary continue to argue that Apple’s installed base, privacy controls, payments, and device ownership give it a strong position if AI assistants become a primary interface for search, commerce, and productivity.
• Neutral Sentiment: Apple’s stock is already near record territory, so some of the optimism around AI and WWDC may already be reflected in the share price.
• Negative Sentiment: Some articles note that Apple is still viewed by parts of the market as an AI laggard versus rivals, and that its valuation is already rich, which could limit upside if WWDC disappoints.

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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