Apple Inc. $AAPL Shares Sold by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC reduced its Apple stake by 7.3% in the fourth quarter, selling 3,295 shares and leaving it with 41,609 shares valued at about $11.3 million.
• Apple’s latest earnings topped expectations, with EPS of $2.01 and revenue of $111.18 billion, while analysts currently assign the stock a consensus Moderate Buy rating and a $314.59 target price.
• The company also raised its quarterly dividend to $0.27 per share, even as several reports point to both upside from planned price increases and AI-related product momentum and downside from potential demand pressure and regulatory scrutiny.

Integrated Investment Consultants LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,609 shares of the iPhone maker's stock after selling 3,295 shares during the quarter. Apple accounts for approximately 2.2% of Integrated Investment Consultants LLC's investment portfolio, making the stock its 11th biggest holding. Integrated Investment Consultants LLC's holdings in Apple were worth $11,312,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AAPL. Isthmus Partners LLC grew its position in shares of Apple by 6.4% during the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock valued at $25,000 after acquiring an additional 5,808 shares during the period. ROSS JOHNSON & Associates LLC lifted 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 buying an additional 180 shares in the last quarter. LSV Asset Management purchased a new position in Apple in the 4th quarter valued at about $65,000. Timmons Wealth Management LLC acquired a new stake in Apple in the 4th quarter worth about $69,000. Finally, Inspire Investing LLC acquired a new stake in Apple in the 4th quarter worth about $76,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned price increases could protect margins as memory and storage costs rise, and Bank of America reiterated a Buy rating with a $380 target, citing Apple’s pricing power and supply-chain strength. Article Title
• Positive Sentiment: Reports of upcoming AI-focused devices and a second-generation iPhone Air support confidence in Apple’s product pipeline and longer-term growth story. Article Title
• Neutral Sentiment: Apple’s planned price hikes may help earnings, but they could also pressure demand if consumers balk at higher handset prices. Article Title
• Neutral Sentiment: Apple opening Brazil’s App Store to alternative marketplaces reduces regulatory friction there, but it also underscores ongoing global platform scrutiny. Article Title

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 64,949 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer 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. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the firm's 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 sale, the insider owned 38,713 shares of the company's stock, valued at approximately $11,226,770. The trade was a 3.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 97,875 shares of company stock worth $24,998,541 in the last quarter. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

AAPL stock opened at $298.01 on Monday. 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 business has a 50 day simple moving average of $289.73 and a 200-day simple moving average of $272.91. The firm has a market capitalization of $4.38 trillion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09. Apple Inc. has a 1 year low of $196.85 and a 1 year high of $317.40.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The business's revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal 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 paid a $0.27 dividend. This is a boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. Apple's dividend payout ratio is 13.06%.

Analysts Set New Price Targets

A number of brokerages have commented on AAPL. BNP Paribas Exane raised Apple from a "neutral" rating to an "outperform" rating and set a $300.00 target price for the company in a report on Friday, April 17th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. TD Cowen increased their price objective on Apple from $335.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Barclays restated an "underweight" rating on shares of Apple in a report on Tuesday, June 9th. Finally, Bank of America reaffirmed a "buy" rating and set a $380.00 target price on shares of Apple in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $314.59.

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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