Arlington Trust Co LLC Sells 45,534 Shares of Apple Inc. $AAPL

Key Points

• Arlington Trust Co LLC reduced its Apple stake by 68.4% in the fourth quarter, selling 45,534 shares and leaving it with 21,017 shares valued at about $5.7 million.
• Apple reported better-than-expected quarterly results, with EPS of $2.01 versus estimates of $1.95 and revenue of $111.18 billion, up 16.6% year over year.
• Analysts remain broadly positive on Apple, with a Moderate Buy consensus and an average price target of $310.31; Bank of America recently raised its target to $380 and kept a Buy rating.

Arlington Trust Co LLC cut its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 68.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,017 shares of the iPhone maker's stock after selling 45,534 shares during the quarter. Apple comprises about 0.6% of Arlington Trust Co LLC's holdings, making the stock its 11th largest position. Arlington Trust Co LLC's holdings in Apple were worth $5,714,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Sellwood Investment Partners LLC grew its position in shares of Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after purchasing an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its position in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. LSV Asset Management purchased a new position in shares of Apple in the fourth quarter valued at $65,000. PayPay Securities Corp grew its position in shares of Apple by 52.1% in the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock valued at $99,000 after purchasing an additional 125 shares in the last quarter. Finally, eCIO Inc. purchased a new position in shares of Apple in the fourth quarter valued at $112,000. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Ben Borders sold 1,274 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 97,759 shares of company stock worth $24,964,305. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on AAPL. KeyCorp restated a "sector weight" rating on shares of Apple in a research report on Thursday, March 12th. Bank of America restated a "buy" rating and set a $380.00 target price (up from $330.00) on shares of Apple in a research report on Tuesday. Scotiabank set a $330.00 target price on Apple in a research report on Monday, February 2nd. BNP Paribas Exane upgraded Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price objective for the company in a report on Friday, April 17th. Finally, Royal Bank Of Canada set a $325.00 price objective on Apple in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $310.31.

Apple Trading Up 0.5%

NASDAQ AAPL opened at $312.51 on Friday. The stock has a 50-day moving average of $274.19 and a 200-day moving average of $269.76. The firm has a market cap of $4.59 trillion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 2.71 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. Apple Inc. has a 1-year low of $195.07 and a 1-year high of $313.26.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.Apple's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.65 EPS. As a group, sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The firm also recently declared 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio is currently 13.06%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target on Apple to $380 from $330 and kept a Buy rating, saying agentic AI could strengthen Apple’s ecosystem and create meaningful new revenue opportunities.
• Positive Sentiment: Multiple reports say Apple is preparing a major Siri overhaul for WWDC, including a new app-like experience designed to compete more directly with ChatGPT-style assistants, which could improve sentiment around Apple’s AI roadmap.
• Positive Sentiment: Analysts and commentary continue to argue that Apple’s installed base, privacy controls, payments, and device ownership give it a strong position if AI assistants become a primary interface for search, commerce, and productivity.
• Neutral Sentiment: Apple’s stock is already near record territory, so some of the optimism around AI and WWDC may already be reflected in the share price.
• Negative Sentiment: Some articles note that Apple is still viewed by parts of the market as an AI laggard versus rivals, and that its valuation is already rich, which could limit upside if WWDC disappoints.

About Apple

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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