Apple Inc. $AAPL Stake Cut by Fort Point Capital Partners LLC

Key Points

• Fort Point Capital Partners cut its Apple stake by 41% in the third quarter, selling 33,848 shares and leaving 48,769 shares valued at $12.418 million (about 1.5% of the firm's portfolio and its 18th largest holding).
• Apple posted better‑than‑expected results — $2.84 EPS vs $2.67 expected and revenue of $143.76 billion (up 15.7% YoY); the stock trades near $250 with a $3.67 trillion market cap, a P/E of ~31.6, and a $1.04 annual dividend (≈0.4% yield).

Fort Point Capital Partners LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 41.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,769 shares of the iPhone maker's stock after selling 33,848 shares during the quarter. Apple accounts for about 1.5% of Fort Point Capital Partners LLC's investment portfolio, making the stock its 18th largest holding. Fort Point Capital Partners LLC's holdings in Apple were worth $12,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Reyes Financial Architecture Inc. grew its position in Apple by 0.4% during the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after purchasing an additional 37 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 worth $293,000 after buying an additional 41 shares in the last quarter. Capstone Wealth Management LLC lifted its position in Apple by 0.5% in the 3rd quarter. Capstone Wealth Management LLC now owns 8,537 shares of the iPhone maker's stock worth $2,174,000 after buying an additional 42 shares in the last quarter. Seven Springs Wealth Group LLC boosted its stake in shares of Apple by 0.3% during 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 buying an additional 42 shares during the period. Finally, Avant Capital LLC boosted its stake in shares of Apple by 0.9% during the 3rd quarter. Avant Capital LLC now owns 4,814 shares of the iPhone maker's stock valued at $1,226,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Down 2.2%

Shares of NASDAQ:AAPL opened at $250.12 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $3.67 trillion, a PE ratio of 31.62, a P/E/G ratio of 2.23 and a beta of 1.10. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $288.62. The firm has a fifty day moving average price of $262.08 and a 200 day moving average price of $261.74.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. During the same period last year, the company earned $2.40 earnings per share. The business's revenue was up 15.7% compared to the same quarter last year. Analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple's dividend payout ratio (DPR) is presently 13.15%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new low-cost devices (MacBook Neo, iPhone 17e) broaden addressable market and could win share versus cheaper Windows/Chromebooks — a strategic growth lever even if it pressures near-term margins. How Apple's new low-cost MacBook Neo may shake up the market
• Positive Sentiment: Early Formula 1 ratings for AppleTV’s exclusive U.S. stream were strong, supporting the thesis that exclusive sports/content deals can grow Services subscriptions and engagement over time. Apple Gets Early Formula 1 Ratings Win
• Positive Sentiment: India’s plan to roll fresh smartphone manufacturing incentives could help Apple expand local production and improve margin/market access over the medium term. India plans fresh incentives for phone production
• Neutral Sentiment: Analyst views are mixed: a few firms raised targets or reiterated buys while others stay cautious/neutral; median price targets remain above the market, keeping a longer-term bullish backdrop but no unanimous near-term catalyst. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Apple cut its mainland China App Store commission to 25% (and mini-app fees to 12%) after regulator talks — good for developer relations but a direct hit to Services take-rate and near-term revenue in its second‑largest market. Apple cuts China App Store commission fees after government pressure
• Negative Sentiment: Strong insider selling and social/board chatter about a tech pullback and China demand risks are weighing on sentiment — traders are highlighting technical weakness and short-term bearish views. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Macro and supply‑chain risks (memory/storage cost inflation and geopolitical disruption tied to the Iran war) could raise component costs and compress device margins if Apple absorbs price moves to hold consumer prices. The Iran War Could Upend AI. Here’s How.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AAPL shares. UBS Group reaffirmed a "neutral" rating on shares of Apple in a research note on Wednesday, March 4th. Stifel Nicolaus set a $330.00 price objective on Apple in a research report on Monday, March 2nd. Phillip Securities upgraded Apple from a "moderate sell" rating to a "hold" rating in a research note on Sunday, February 1st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Apple in a research report on Monday, December 29th. Finally, TD Cowen reaffirmed a "buy" rating and set a $325.00 price target on shares of Apple in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average price target of $297.58.

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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