Apple Inc. $AAPL Shares Sold by Meyer Handelman Co.

Key Points

• Meyer Handelman Co. trimmed its Apple stake by 0.7% in the first quarter, selling 3,875 shares and ending with 564,419 shares valued at about $143.2 million. Apple remains its second-largest holding at 4.5% of the portfolio.
• Apple is facing margin pressure from rising memory and component costs, and it has already raised prices on some Macs and iPads to help protect profitability. Reports also suggest Apple may look to alternative chip suppliers amid the shortage, adding supply-chain and geopolitical risk.
• Despite those headwinds, sentiment remains constructive: Apple is reportedly planning at least five new iPhone models through early 2027, including a bigger foldables push, while analysts continue to rate the stock a Moderate Buy with a consensus target price of $314.85.

Meyer Handelman Co. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 564,419 shares of the iPhone maker's stock after selling 3,875 shares during the period. Apple makes up 4.5% of Meyer Handelman Co.'s portfolio, making the stock its 2nd biggest holding. Meyer Handelman Co.'s holdings in Apple were worth $143,244,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in Apple in the fourth quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC boosted its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Timmons Wealth Management LLC bought a new stake in shares of Apple during the 4th quarter worth $69,000. LSV Asset Management acquired a new position in shares of Apple in the 4th quarter worth $65,000. Finally, Inspire Investing LLC acquired a new position in shares of Apple in the 4th quarter worth $76,000. 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: Apple is reportedly planning at least five new iPhone models through early 2027, including a bigger push into foldables, which could refresh demand and support a stronger upgrade cycle. Apple plans five new iPhones through 2027, eyes Chinese-made chips amid foldable push, reports say
• Positive Sentiment: Several reports say Apple’s stock is rebounding after last week’s selloff, with investors viewing recent price hikes as a way to defend margins rather than a sign of weakening demand. Apple’s Aggressive Price Hikes Raise Eyebrows As Wall Street Links AI Chip Shortages To Inflation Pressure— Ryan Detrick Says 'This is the Real World Stuff'
• Positive Sentiment: Wall Street commentary remained constructive, with some analysts and strategists pointing to Apple’s AI roadmap, App Store/services growth, and long-term product pipeline as reasons to stay bullish on AAPL. What's Going on With Apple Stock Thursday?
• Neutral Sentiment: Market rotation matters too: Apple is outperforming a weak tech tape, so some of the stock’s strength may reflect investors rotating into higher-quality mega-cap names rather than a company-specific catalyst alone. Dow Jones Futures: Dow Hits High But AI Tumbles; Apple, Robinhood Are Buys As Tesla, Sandisk Dive
• Negative Sentiment: The main overhang is margin pressure from surging memory and component costs, which has already forced Apple to raise prices on Macs and iPads and could squeeze profitability if costs stay elevated. Is Apple stock in trouble? Rising costs threaten margins, demand
• Negative Sentiment: Investors are also watching reports that Apple may source memory chips from blacklisted Chinese suppliers, a move that highlights the seriousness of the supply shortage and adds geopolitical risk. Russia warns Apple of $52 million fine over alleged bias against local apps

Apple Stock Performance

Shares of AAPL stock opened at $308.63 on Friday. Apple Inc. has a 1-year low of $201.50 and a 1-year high of $317.40. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $4.53 trillion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 2.56 and a beta of 1.10. The stock's fifty day simple moving average is $294.54 and its 200-day simple moving average is $273.60.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly 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. The firm had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.Apple's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 earnings per share. On average, sell-side analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a $0.27 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio is currently 13.06%.

Insider Transactions at Apple

In other news, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 13,366 shares of the company's stock, valued at $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction that occurred 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 owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,924 shares of company stock worth $825,546 in the last quarter. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Robert W. Baird set a $310.00 target price on Apple in a report on Friday, May 1st. Citigroup reissued a "buy" rating on shares of Apple in a research note on Monday, June 1st. Barclays restated an "underweight" rating on shares of Apple in a report on Tuesday, June 9th. BNP Paribas Exane raised shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price objective for the company in a research note on Friday, April 17th. Finally, UBS Group reiterated a "buy" rating on shares of Apple in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Apple currently has an average rating of "Moderate Buy" and a consensus target price of $314.85.

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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