Apple Inc. $AAPL Shares Sold by Cascade Financial Partners LLC

Key Points

• Cascade Financial Partners trimmed its Apple stake by 4.4% in the fourth quarter, selling 8,939 shares and leaving it with 193,254 shares valued at about $52.5 million. Apple remains one of the fund’s largest holdings, accounting for roughly 4.9% of its portfolio.
• Apple reported better-than-expected quarterly results, posting EPS of $2.01 versus estimates of $1.95 and revenue of $111.18 billion, up 16.6% year over year. The company also raised its quarterly dividend to $0.27 per share from $0.26.
• Despite some insider selling, Wall Street remains broadly positive on Apple, with an average analyst rating of Moderate Buy and an average price target of $312.82. Recent commentary is focused on Apple’s upcoming AI and Siri strategy as a potential catalyst, though valuation concerns remain.

Cascade Financial Partners LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,254 shares of the iPhone maker's stock after selling 8,939 shares during the period. Apple makes up about 4.9% of Cascade Financial Partners LLC's portfolio, making the stock its 3rd biggest holding. Cascade Financial Partners LLC's holdings in Apple were worth $52,538,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. First National Bank of Hutchinson increased its position in Apple by 24.6% in the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock valued at $8,845,000 after buying an additional 6,982 shares in the last quarter. Eagle Capital Management LLC increased its position in Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after buying an additional 272 shares in the last quarter. Brighton Jones LLC increased its holdings in Apple by 14.8% during the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock worth $134,554,000 after purchasing an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Apple by 4.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock worth $16,742,000 after purchasing an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its holdings in Apple by 2.4% during the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock worth $12,587,000 after purchasing an additional 1,155 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of NASDAQ AAPL opened at $307.34 on Friday. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $316.94. The stock's 50 day moving average price is $281.39 and its 200-day moving average price is $271.37. The company has a market capitalization of $4.51 trillion, a PE ratio of 37.16, a PEG ratio of 2.71 and a beta of 1.09. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $109.46 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. Apple's revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a dividend of $0.27 per share. This is an increase from Apple's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple's dividend payout ratio (DPR) is currently 13.06%.

Insider Buying and Selling

In related news, insider Ben Borders sold 1,274 shares of the business's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 64,949 shares of the business's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the sale, the chief executive officer owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. The trade was 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. In the last ninety days, insiders have sold 97,759 shares of company stock worth $24,964,305. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. DA Davidson reissued a "neutral" rating and set a $270.00 price objective on shares of Apple in a report on Friday, May 1st. Evercore reissued an "outperform" rating and set a $365.00 price objective on shares of Apple in a report on Thursday, May 14th. Jefferies Financial Group set a $330.00 price objective on Apple in a report on Wednesday, March 4th. Needham & Company LLC reissued a "hold" rating on shares of Apple in a report on Friday, May 1st. Finally, BNP Paribas Exane raised Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price objective for the company in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Apple has an average rating of "Moderate Buy" and an average price target of $312.82.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s WWDC keynote is expected to highlight a revamped Siri, Apple Intelligence updates, and a broader AI strategy, which could act as a near-term catalyst if the company shows meaningful progress. Will WWDC Drive Apple Stock (AAPL) Higher? Here’s What Analysts Expect
• Positive Sentiment: Analysts remain constructive, with Citi reiterating a Buy and Wedbush reaffirming Outperform with a $400 target, citing Apple’s AI inflection point and resilient iPhone fundamentals. Asiya Merchant Reiterates Buy on Apple, Citing AI Strategy Inflection and Resilient iPhone Fundamentals
• Positive Sentiment: Apple’s App Store update showed $1.4 trillion in sales and billings last year, reinforcing the scale of its Services ecosystem even as most transactions did not carry a commission. Apple touts $1.4 trillion in App Store billings and sales, 90% without a commission
• Positive Sentiment: Foxconn raised its second-quarter outlook, a constructive signal for Apple’s supply chain and iPhone demand, since Foxconn is Apple’s top iPhone assembler. Taiwan's Foxconn raises guidance for second-quarter outlook
• Neutral Sentiment: Reports that Apple may rely on Google cloud infrastructure and Nvidia chips to power a redesigned Siri suggest the company is prioritizing speed to market, but they also underscore that Apple is leaning on outside partners for its AI push. Apple Taps Google to Prep Siri For September Revamp
• Negative Sentiment: Some coverage warns that Apple still faces a high bar to justify its valuation, and UBS noted decelerating App Store growth could pressure the Services growth story if AI execution disappoints. Investors Should Worry About Apple’s (AAPL) Decelerating App Store Growth, Says UBS

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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