Apple Inc. $AAPL Stock Holdings Reduced by Adams Diversified Equity Fund Inc.

Key Points

• Adams Diversified Equity Fund trimmed its Apple stake by 0.8% in the fourth quarter, selling 6,500 shares but still holding 816,400 shares worth about $221.9 million. Apple remains the fund’s second-largest position at roughly 7.4% of its portfolio.
• Apple insiders sold shares in April, including SVP Deirdre O'Brien and CEO Tim Cook, with total insider sales reaching 97,759 shares worth about $25.0 million over the last 90 days. The trades were executed under pre-arranged 10b5-1 plans.
• Despite the ownership changes, Apple reported strong quarterly results, beating EPS expectations with $2.01 per share and posting $111.18 billion in revenue, up 16.6% year over year. The company also raised its quarterly dividend to $0.27 per share.

Adams Diversified Equity Fund Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 816,400 shares of the iPhone maker's stock after selling 6,500 shares during the period. Apple accounts for about 7.4% of Adams Diversified Equity Fund Inc.'s portfolio, making the stock its 2nd largest position. Adams Diversified Equity Fund Inc.'s holdings in Apple were worth $221,947,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AAPL. Reyes Financial Architecture Inc. boosted its holdings 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 in the last quarter. WESPAC Advisors LLC boosted its holdings in shares of 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 buying an additional 39 shares in the last quarter. Interactive Financial Advisors Inc. boosted its holdings in shares of Apple by 4.0% in the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after buying an additional 40 shares in the last quarter. American Alpha Advisors LLC boosted its holdings in shares of 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 buying an additional 41 shares in the last quarter. Finally, Orion Investment Co boosted its holdings in shares of Apple by 0.3% in the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker's stock valued at $3,902,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the sale, the senior vice president owned 136,810 shares of the company's stock, valued at $34,934,433.50. The trade was a 17.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction 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 directly owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 97,759 shares of company stock worth $24,964,305 over the last 90 days. 0.06% of the stock is owned by insiders.

Apple Price Performance

Apple stock opened at $291.13 on Friday. The company's fifty day moving average price is $285.64 and its 200 day moving average price is $272.27. Apple Inc. has a 1 year low of $195.07 and a 1 year high of $317.40. The stock has a market capitalization of $4.28 trillion, a P/E ratio of 35.20, a P/E/G ratio of 2.53 and a beta of 1.09. 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 results 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. 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 company earned $1.65 EPS. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. This is an increase from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio is 13.06%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Services business posted record revenue in the fiscal second quarter, supported by ecosystem growth, AI-related updates, and its huge installed device base. Apple Continues to Expand Services Business: What's the Path Ahead?
• Positive Sentiment: Several commentators said Apple still has strong fundamentals, including a solid balance sheet, loyal customer base, and products investors continue to love, which supports the long-term bull case. Jim Cramer on Apple: “It Still Has Products We All Love”
• Positive Sentiment: Analysts at Erste Group Bank raised their earnings estimates for Apple, signaling expectations for steady profit growth over the next two fiscal years. Apple earnings estimate update
• Neutral Sentiment: Apple’s WWDC announcements showed a clearer AI roadmap, including next-generation Siri features and device software updates, but the market appears to be waiting for stronger evidence that these changes will drive meaningful revenue growth. Apple Unveils Siri AI. Here's Why It's Not Impressing Investors
• Neutral Sentiment: Some coverage suggested Apple’s AI launch could help the stock over time, but it may take more than Siri upgrades alone to restore investor enthusiasm. Apple Just Gave Investors a Glimpse of Is AI Future at WWDC. It May Take More to Revive AAPL Stock.
• Negative Sentiment: Investors are worried Apple’s AI ambitions are colliding with a memory-cost crunch, creating pricing pressure that could weigh on margins. Apple Faces a No-Win Pricing Dilemma. Should Investors Be Worried?
• Negative Sentiment: Multiple reports say the market was disappointed that Apple’s Siri AI reveal did not feel like a big enough breakthrough to justify a sharper rerating of the stock. Apple's AI News Underwhelms. Siri AI Release Concerns Persist.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird set a $310.00 price objective on shares of Apple in a research report on Friday, May 1st. TD Cowen increased their price objective on shares of Apple from $335.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Morgan Stanley set a $325.00 price objective on shares of Apple in a research report on Tuesday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research report on Monday, June 8th. Finally, Citigroup restated a "buy" rating on shares of Apple in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $314.59.

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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