Beirne Wealth Consulting Services LLC Sells 6,254 Shares of Apple Inc. $AAPL

Key Points

• Beirne Wealth Consulting Services LLC reduced its Apple stake by 26.7% in the fourth quarter, selling 6,254 shares and leaving it with 17,180 shares valued at about $4.67 million.
• Apple’s latest earnings beat expectations, with $2.01 EPS and $111.18 billion in revenue, while the company also raised its quarterly dividend to $0.27 per share.
• Wall Street sentiment remains largely bullish: several analysts raised price targets on Apple, citing optimism around AI-driven growth, though one reported headwind noted slower iPhone 17e sales in Japan.

Beirne Wealth Consulting Services LLC cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 26.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,180 shares of the iPhone maker's stock after selling 6,254 shares during the period. Apple makes up 1.4% of Beirne Wealth Consulting Services LLC's portfolio, making the stock its 23rd largest position. Beirne Wealth Consulting Services LLC's holdings in Apple were worth $4,671,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AAPL. Isthmus Partners LLC lifted its stake in Apple by 6.4% in the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock worth $25,000 after purchasing an additional 5,808 shares during the last quarter. Sellwood Investment Partners LLC lifted its stake in Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock worth $34,000 after purchasing an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in Apple in the fourth quarter worth $65,000. Finally, 49 Wealth Management LLC lifted its stake in Apple by 15.7% in the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock worth $76,000 after purchasing an additional 40,543 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Trending Headlines about Apple

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 Apple is well positioned to benefit from the emerging “agentic AI” smartphone market and could unlock substantial new revenue from a redesigned Siri and AI features. Apple seen as key beneficiary of emerging agentic AI smartphone market, BofA says
• Positive Sentiment: Other Wall Street coverage echoed that view, with reports saying Apple is hitting all-time highs as investors expect a deeper AI push at WWDC, which could improve sentiment and support further upside. Apple stock hits all-time high as analysts see AI-driven breakout
• Positive Sentiment: Analysts also highlighted strong underlying fundamentals, including record Services revenue and continued strength in iPhone sales, reinforcing the long-term growth case for Apple. Strong Content & Advertising Aids Apple's Services: More Upside Ahead?
• Neutral Sentiment: Apple and Google are pushing back against Canada’s proposed police data-access bill, a regulatory issue that could affect the company’s privacy stance but is not an immediate earnings driver. Apple, Google Blast Canada’s Plan to Expand Police Data Powers
• Negative Sentiment: One potential headwind came from an article noting iPhone 17e sales in Japan have slowed versus its predecessor, which could raise questions about demand in some markets. The Real Reason The iPhone 17e Is Falling Behind Its Predecessor In Japan

Insider Activity

In other news, insider Ben Borders sold 1,274 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider owned 38,713 shares in the company, valued at $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the sale, the chief executive officer owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. The trade was 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. In the last ninety days, insiders have sold 97,759 shares of company stock worth $24,964,305. Corporate insiders own 0.06% of the company's stock.

Apple Stock Performance

Shares of AAPL opened at $308.33 on Wednesday. The business's 50 day moving average price is $271.87 and its 200-day moving average price is $269.16. Apple Inc. has a 52 week low of $195.07 and a 52 week high of $311.82. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a market cap of $4.53 trillion, a P/E ratio of 37.28, a P/E/G ratio of 2.69 and a beta of 1.06.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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. 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 in the prior year, the company posted $1.65 earnings per share. The business's revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. Apple's dividend payout ratio is currently 13.06%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several recent analyst reports. Robert W. Baird set a $310.00 price objective on shares of Apple in a research note on Friday, May 1st. Wedbush reaffirmed an "outperform" rating and set a $400.00 price objective (up from $350.00) on shares of Apple in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of Apple from $315.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Scotiabank set a $330.00 price objective on shares of Apple in a research note on Monday, February 2nd. Finally, Barclays reaffirmed an "underweight" rating and set a $253.00 price objective (up from $248.00) on shares of Apple in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $310.31.

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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