Apple Inc. $AAPL Stock Holdings Decreased by Sigma Planning Corp

Key Points

• Sigma Planning Corp reduced its Apple holdings by 1.6% in the first quarter, selling 9,975 shares and retaining 611,864 shares valued at approximately $155.3 million. Apple remains 4.3% of the firm’s portfolio and its second-largest position.
• Apple reported quarterly EPS of $2.01 and revenue of $111.18 billion, exceeding analyst expectations, while revenue rose 16.6% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $327.40.
• Investor sentiment is supported by strong iPhone demand, new device-leasing options and disciplined AI spending, but risks include CEO succession, potential U.K. App Store regulation and litigation involving an allegedly fraudulent app.

Sigma Planning Corp reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 611,864 shares of the iPhone maker's stock after selling 9,975 shares during the period. Apple comprises 4.3% of Sigma Planning Corp's portfolio, making the stock its 2nd biggest position. Sigma Planning Corp's holdings in Apple were worth $155,285,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Lifetime Wealth Management P.C. purchased a new stake in shares of Apple during the fourth quarter valued at $41,000. ROSS JOHNSON & Associates LLC increased its stake in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after buying an additional 180 shares during the period. LSV Asset Management purchased a new position in Apple in the 4th quarter worth about $65,000. Timmons Wealth Management LLC bought a new stake in Apple during the 4th quarter valued at about $69,000. Finally, Inspire Investing LLC bought a new stake in Apple during the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Down 0.6%

NASDAQ:AAPL opened at $338.19 on Thursday. The firm has a 50-day simple moving average of $308.94 and a 200-day simple moving average of $280.73. Apple Inc. has a one year low of $201.50 and a one year high of $344.57. The firm has a market cap of $4.97 trillion, a P/E ratio of 40.89, a P/E/G ratio of 2.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The firm had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company's quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm earned $1.65 earnings per share. Equities analysts anticipate that Apple Inc. will post 8.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AAPL. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. Raymond James Financial set a $380.00 price target on shares of Apple in a research note on Monday, July 20th. Jefferies Financial Group reiterated a "hold" rating on shares of Apple in a report on Tuesday, June 9th. Morgan Stanley set a $364.00 price objective on Apple and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Apple in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $327.40.

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 116 shares of the stock in a transaction 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 sale, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by corporate insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone demand and steady pricing are expected to produce Apple’s strongest June-quarter revenue growth in five years. Analysts are also watching for contributions from Services, Mac, and iPhone 17 shipments. Apple set for strongest June-quarter sales growth in 5 years
• Positive Sentiment: Apple’s new Apple Upgrade program, powered by Klarna, lets U.S. customers lease iPhones, Macs, iPads, and Apple Watches through monthly payments. The initiative could lower upfront costs, increase upgrade frequency, and support device sales. Apple launches US device leasing program with Klarna
• Positive Sentiment: Erste Group modestly raised its fiscal 2027 EPS forecast to $9.57 from $9.56, above the current-year consensus estimate of $8.76, reinforcing the bullish long-term earnings outlook.
• Neutral Sentiment: Apple’s record valuation reflects investor confidence in its relatively disciplined AI spending and improving product demand, while money has rotated away from Nvidia and other high-spending chip stocks. However, options markets imply a comparatively contained post-earnings move, suggesting much of the optimism may already be priced in. Apple Could Swing $170 Billion In Value After Earnings
• Negative Sentiment: Apple faces a leadership transition, with Tim Cook preparing for his final earnings call as CEO and hardware chief John Ternus scheduled to succeed him. Investors will seek evidence that the incoming CEO can sustain growth beyond the iPhone.
• Negative Sentiment: Proposed U.K. App Store rules could loosen Apple’s control over in-app payments and reduce commission revenue; Apple argues the measures amount to price regulation. Apple says UK App Store proposal amounts to price regulation
• Negative Sentiment: A federal lawsuit alleges a fraudulent Bitcoin wallet app remained available in Apple’s App Store, raising potential legal costs and renewed concerns about app-review and platform liability.

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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