Apple Inc. $AAPL Shares Sold by Spahn Wealth & Retirement LLC

Key Points

• Spahn Wealth & Retirement LLC reduced its Apple stake by 10.3% in the first quarter, selling 2,542 shares and retaining 22,214 shares worth approximately $5.64 million. Apple remains the fund’s fifth-largest holding and represents 7.2% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, beating analyst expectations, while revenue increased 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $330.44, although views range from KeyCorp’s $250 underweight target to more bullish targets above $350.

Spahn Wealth & Retirement LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 10.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,214 shares of the iPhone maker's stock after selling 2,542 shares during the quarter. Apple comprises 7.2% of Spahn Wealth & Retirement LLC's portfolio, making the stock its 5th biggest holding. Spahn Wealth & Retirement LLC's holdings in Apple were worth $5,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAPL. Lifetime Wealth Management P.C. acquired a new position in shares of Apple during the fourth quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC grew its stake in shares of Apple by 1,800.0% during the first 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 stake in shares of Apple in the fourth quarter valued at approximately $65,000. Timmons Wealth Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $69,000. Finally, Inspire Investing LLC bought a new position in Apple in the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Transactions at Apple

In related news, insider Ben Borders sold 116 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company's stock.

Apple Stock Up 0.3%

Shares of NASDAQ:AAPL opened at $313.33 on Friday. The company has a 50 day moving average price of $309.45 and a two-hundred day moving average price of $283.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market capitalization of $4.57 trillion, a PE ratio of 35.93, a PEG ratio of 2.69 and a beta of 1.09. Apple Inc. has a 52 week low of $219.25 and a 52 week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. Analysts forecast that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors 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 dividend yield of 0.3%. Apple's payout ratio is currently 12.39%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook's Last Quarter as CEO Was Apple's Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple's Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple's Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

Wall Street Analyst Weigh In

Several research firms have issued reports on AAPL. KeyCorp reaffirmed an "underweight" rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, July 28th. Royal Bank Of Canada set a $365.00 target price on Apple in a research report on Wednesday, July 15th. BNP Paribas Exane raised Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target on the stock in a research note on Friday, April 17th. Morgan Stanley decreased their price target on Apple from $364.00 to $360.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Finally, Monness Crespi & Hardt lifted their price objective on Apple from $315.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $330.44.

About Apple

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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