Northstar Advisory Group LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 16.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,043 shares of the iPhone maker's stock after selling 5,752 shares during the period. Apple comprises approximately 4.2% of Northstar Advisory Group LLC's holdings, making the stock its 4th largest holding. Northstar Advisory Group LLC's holdings in Apple were worth $6,451,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Pallas Capital Advisors LLC raised its position in shares of Apple by 13.4% in the 1st quarter. Pallas Capital Advisors LLC now owns 261,880 shares of the iPhone maker's stock valued at $58,171,000 after purchasing an additional 30,863 shares in the last quarter. WFA Asset Management Corp increased its holdings in shares of Apple by 12.6% in the 1st quarter. WFA Asset Management Corp now owns 36,730 shares of the iPhone maker's stock valued at $8,159,000 after acquiring an additional 4,121 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Apple by 79.1% in the 1st quarter. Farther Finance Advisors LLC now owns 488,752 shares of the iPhone maker's stock valued at $109,085,000 after acquiring an additional 215,804 shares during the last quarter. Rheos Capital Works Inc. increased its holdings in shares of Apple by 35.7% in the 1st quarter. Rheos Capital Works Inc. now owns 87,500 shares of the iPhone maker's stock valued at $19,436,000 after acquiring an additional 23,000 shares during the last quarter. Finally, Destiny Wealth Partners LLC increased its holdings in shares of Apple by 1.9% in the 1st quarter. Destiny Wealth Partners LLC now owns 71,486 shares of the iPhone maker's stock valued at $15,879,000 after acquiring an additional 1,317 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Apple news, insider Chris Kondo sold 4,486 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the sale, the insider directly owned 15,533 shares in the company, valued at approximately $3,233,815.27. This trade represents a 22.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer owned 4,569 shares of the company's stock, valued at $941,214. The trade was a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on AAPL shares. TD Cowen lowered their price target on Apple from $290.00 to $275.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Citigroup reiterated a "buy" rating on shares of Apple in a report on Tuesday, June 10th. Raymond James Financial lowered their price target on Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Rosenblatt Securities downgraded Apple from a "buy" rating to a "neutral" rating and set a $217.00 price target for the company. in a report on Friday, May 2nd. Finally, Barclays set a $173.00 price objective on Apple and gave the stock an "underweight" rating in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $235.27.
Read Our Latest Stock Report on AAPL
Apple Price Performance
Shares of Apple stock traded down $1.25 during trading on Friday, hitting $211.16. The stock had a trading volume of 39,713,698 shares, compared to its average volume of 53,349,236. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a market cap of $3.15 trillion, a P/E ratio of 32.89, a PEG ratio of 2.36 and a beta of 1.20. The business has a fifty day moving average of $203.39 and a two-hundred day moving average of $217.12. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The business had revenue of $95.36 billion during the quarter, compared to analyst estimates of $94.04 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple announced that its Board of Directors has approved a share buyback program on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.
Apple Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a $0.26 dividend. This is a positive change from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.49%. Apple's dividend payout ratio (DPR) is 16.20%.
About Apple
(
Free Report)
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Further Reading
Before you consider Apple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.
While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
