Cardano Risk Management B.V. Cuts Holdings in Apple Inc. $AAPL

Key Points

• Cardano Risk Management B.V. sharply reduced its Apple stake by 89.5% in Q1, selling 37.6 million shares and leaving it with 4.39 million shares worth about $1.11 billion.
• Apple reported strong quarterly results, with EPS of $2.01 topping estimates and revenue of $111.18 billion beating forecasts, while revenue rose 16.6% year over year.
• The company also raised its dividend to $0.27 per share from $0.26, and analysts remain mostly positive with a consensus rating of Moderate Buy and an average price target of $314.85.

Cardano Risk Management B.V. cut its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 89.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,387,962 shares of the iPhone maker's stock after selling 37,596,848 shares during the quarter. Apple comprises approximately 10.9% of Cardano Risk Management B.V.'s holdings, making the stock its 2nd largest holding. Cardano Risk Management B.V.'s holdings in Apple were worth $1,113,620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of AAPL. Reyes Financial Architecture Inc. grew its holdings in Apple by 0.4% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after purchasing an additional 37 shares during the last quarter. WESPAC Advisors LLC lifted its stake in Apple by 0.3% in the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock worth $3,351,000 after purchasing an additional 39 shares during the last quarter. Interactive Financial Advisors Inc. lifted its stake in Apple by 4.0% in the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after purchasing an additional 40 shares during the last quarter. Orion Investment Co boosted its position in shares of Apple by 0.3% during the fourth 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 during the period. Finally, Seven Springs Wealth Group LLC grew its stake in shares of Apple by 0.3% during the third quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker's stock valued at $3,934,000 after buying an additional 42 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Up 1.7%

Shares of NASDAQ AAPL opened at $294.38 on Thursday. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $317.40. The firm has a market cap of $4.32 trillion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.52 and a beta of 1.10. The business has a fifty day simple moving average of $293.69 and a two-hundred day simple moving average of $273.39. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. The firm had revenue of $111.18 billion for 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%.The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 earnings per share. Analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

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

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Bank of America reissued a "buy" rating and set a $380.00 price target on shares of Apple in a research note on Thursday, June 18th. Evercore reiterated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. Wedbush reiterated an "outperform" rating and set a $400.00 target price on shares of Apple in a research report on Friday, June 5th. Jefferies Financial Group reissued a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. Finally, KeyCorp restated a "sector weight" rating on shares of Apple in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $314.85.

Insider Activity at Apple

In other news, insider Ben Borders sold 116 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders sold a total of 2,924 shares of company stock valued at $825,546 in the last ninety days. Corporate insiders own 0.06% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: UBS said iPhone demand is improving in key markets, though it does not appear to be driven by Apple Intelligence. Apple’s (AAPL) iPhone Demand Is Improving, But AI Isn’t The Reason Why
• Positive Sentiment: Several articles highlighted Apple as a favored large-cap name, with bullish pieces citing seasonal strength, Warren Buffett-style appeal, and strong long-term fundamentals. This Stock is My Biggest Bet For July
• Neutral Sentiment: Apple’s AI expansion remains a focus, with reports saying the company is weaving AI deeper into services and hardware, but competition from Alphabet and Microsoft keeps expectations in check. Apple's AI Expansion Aims to Boost Services Momentum: What's Ahead?
• Negative Sentiment: Apple is dealing with a reported memory-chip crunch that has already forced price increases on some products, which could pressure margins and demand if costs stay elevated. Apple negotiates with blacklisted Chinese chipmakers amid AI-driven memory crunch
• Negative Sentiment: Supply-chain and cybersecurity concerns also weighed on sentiment after reports of a Tata Electronics breach exposed confidential iPhone 18 Pro-related information. Apple’s China Memory Push Could Be a Win for AAPL Stock
• Negative Sentiment: Regulatory pressure remains a risk, with Russia warning of a possible fine and the U.K. CMA targeting Apple’s App Store payment rules, which could eventually hit services revenue. Russia warns Apple of $52 million fine over alleged bias against local apps

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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