Apple Inc. $AAPL Shares Sold by Piar LLC

Key Points

• Piar LLC reduced its Apple stake by 10.5% in the first quarter, selling 2,795 shares and retaining 23,865 shares valued at approximately $6.06 million. Apple remains the firm’s fourth-largest holding, representing 4.7% of its portfolio.
• Apple reported quarterly revenue of $109.42 billion, up 16.4% year over year, and earnings of $2.02 per share, exceeding analyst expectations. Shares opened at $312.41, with a market capitalization of roughly $4.56 trillion.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $330.44, although some firms have cited valuation, slowing Services growth and rising costs. Apple also declared a quarterly dividend of $0.27 per share.

Piar LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 10.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,865 shares of the iPhone maker's stock after selling 2,795 shares during the quarter. Apple makes up about 4.7% of Piar LLC's investment portfolio, making the stock its 4th largest holding. Piar LLC's holdings in Apple were worth $6,057,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AAPL. Norges Bank acquired a new stake in shares of Apple during the 4th quarter worth approximately $52,266,468,000. Nuveen LLC acquired a new stake in Apple in the first quarter worth $17,472,482,000. Cardano Risk Management B.V. lifted its stake in Apple by 890.7% in the fourth quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker's stock valued at $11,413,990,000 after buying an additional 37,746,784 shares during the last quarter. Laurel Wealth Advisors LLC lifted its stake in Apple by 20,464.8% in the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock valued at $5,553,753,000 after buying an additional 26,937,401 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. Institutional investors own 67.73% of the company's stock.

Insider Activity

In other Apple news, insider Ben Borders sold 116 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $312.41 on Friday. Apple Inc. has a twelve month low of $216.58 and a twelve month high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average of $309.43 and a two-hundred day moving average of $283.02. The company has a market capitalization of $4.56 trillion, a price-to-earnings ratio of 35.83, a PEG ratio of 2.67 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the previous year, the company posted $1.57 EPS. The business's revenue was up 16.4% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be given a $0.27 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's payout ratio is 12.39%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent research reports. UBS Group restated a "neutral" rating on shares of Apple in a research report on Friday, July 31st. The Goldman Sachs Group reissued a "buy" rating and set a $360.00 target price (down from $370.00) on shares of Apple in a research note on Friday, July 31st. KGI Securities cut shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price for the company. in a research report on Monday, June 22nd. Evercore restated an "outperform" rating on shares of Apple in a research note on Wednesday, July 8th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $330.44.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: App Store revenue rose 0.6% year over year to $3.4 billion during the first 35 days of Apple’s fiscal fourth quarter, despite a 4% decline in iPhone and iPad downloads. Revenue per download increased 4.7% to $1.02, suggesting stronger monetization and supporting the Services business. Apple App Store revenue ticks up despite falling downloads
• Positive Sentiment: Apple’s fiscal third-quarter revenue reached a June-quarter record of $109.4 billion, up 16% year over year, while earnings exceeded estimates. Reports also point to broad iPhone, Mac and Services demand, resilient iPhone sales and continued growth in India, providing a fundamental counterweight to recent market concerns. Apple’s Quarterly iPhone Sales Were Even Better Than They Seem
• Positive Sentiment: Some analysts and market commentators continue to recommend buying the pullback, arguing that Apple’s ecosystem, product pipeline and long-term earnings potential remain attractive despite near-term volatility. 3 Reasons to Buy Apple Stock on the Dip
• Neutral Sentiment: OpenAI asked a federal judge to dismiss Apple’s trade-secrets lawsuit, denying that it misappropriated confidential information through former Apple employees. The filing creates legal and reputational uncertainty, although the financial impact is not yet clear. OpenAI asks US judge to dismiss Apple’s trade secrets case
• Negative Sentiment: Analysts at Phillip Securities, DZ Bank and China Renaissance lowered their views on Apple to Moderate Sell or Hold. Concerns include slowing Services growth, elevated memory costs, supply constraints, policy risks and Apple’s premium valuation.
• Negative Sentiment: Services revenue grew about 12% to $30.7 billion, making it the slowest-growing of Apple’s three largest businesses. Tim Cook also warned that rising memory prices could pressure margins, while the CEO transition adds uncertainty after a record quarter. Tim Cook’s Last Quarter as CEO

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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