Apple Inc. $AAPL Shares Sold by Van Cleef Asset Management Inc

Key Points

• Van Cleef Asset Management trimmed its Apple stake by 1.4% in the fourth quarter, selling 5,834 shares and leaving it with 425,758 shares valued at about $115.7 million. Apple remains the firm’s second-largest holding, making up 11.7% of its portfolio.
• Apple continues to draw bullish analyst attention and investor interest ahead of WWDC, with expectations for Siri and Apple Intelligence updates to bolster its AI strategy. Recent commentary from Citi and Wedbush highlights confidence in Apple’s AI inflection point and iPhone fundamentals.
• The company recently posted better-than-expected quarterly results, including $2.01 EPS on $111.18 billion in revenue, and raised its quarterly dividend to $0.27 per share. Apple also remains widely owned by institutions, with hedge funds and other investors holding the majority of the stock.

Van Cleef Asset Management Inc cut its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 425,758 shares of the iPhone maker's stock after selling 5,834 shares during the period. Apple accounts for approximately 11.7% of Van Cleef Asset Management Inc's investment portfolio, making the stock its 2nd biggest holding. Van Cleef Asset Management Inc's holdings in Apple were worth $115,747,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Reyes Financial Architecture Inc. grew its stake in shares of Apple by 0.4% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after buying an additional 37 shares during the period. WESPAC Advisors LLC lifted its position in Apple by 0.3% in the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock valued at $3,351,000 after acquiring an additional 39 shares in the last quarter. American Alpha Advisors LLC lifted its position in Apple by 3.7% in the 3rd quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker's stock valued at $293,000 after acquiring an additional 41 shares in the last quarter. Seven Springs Wealth Group LLC lifted its position in Apple by 0.3% in the 3rd quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker's stock valued at $3,934,000 after acquiring an additional 42 shares in the last quarter. Finally, Avant Capital LLC lifted its position in Apple by 0.9% in the 3rd quarter. Avant Capital LLC now owns 4,814 shares of the iPhone maker's stock valued at $1,226,000 after acquiring an additional 43 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

More Apple News

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 Price Performance

Apple stock opened at $307.34 on Monday. Apple Inc. has a 52 week low of $195.07 and a 52 week high of $316.94. The company's 50 day moving average price is $281.39 and its two-hundred day moving average price is $271.39. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a market cap of $4.51 trillion, a P/E ratio of 37.16, a P/E/G ratio of 2.68 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. During the same quarter last year, the firm earned $1.65 EPS. The company's quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

The company 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. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. This is an increase from Apple's previous quarterly dividend of $0.26. Apple's payout ratio is 13.06%.

Insider Activity

In other Apple news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares of the company's stock, valued at $3,675,650. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 64,949 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,759 shares of company stock worth $24,964,305 in the last quarter. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BNP Paribas Exane raised shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target on the stock in a research report on Friday, April 17th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $310.00 price target (up from $300.00) on shares of Apple in a research report on Friday, May 1st. Robert W. Baird set a $310.00 price target on shares of Apple in a research report on Friday, May 1st. Stifel Nicolaus set a $330.00 price target on shares of Apple in a research report on Monday, March 2nd. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $270.00 price target on shares of Apple in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $312.82.

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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