Cim LLC Sells 4,017 Shares of Apple Inc. $AAPL

Key Points

• Cim LLC reduced its Apple stake by 5.5% in the first quarter, selling 4,017 shares and retaining 69,169 shares valued at approximately $17.6 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported a strong quarter, with revenue rising 16.4% year over year to $109.42 billion and EPS of $2.02, exceeding expectations. The company also declared a quarterly dividend of $0.27 per share.
• Analyst sentiment remains broadly positive but divided: Apple has a “Moderate Buy” consensus rating and a $328.60 average price target, while Jefferies downgraded the stock to “underperform” over concerns about iPhone, AI and supply-chain momentum.

Cim LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,169 shares of the iPhone maker's stock after selling 4,017 shares during the period. Apple accounts for approximately 2.5% of Cim LLC's portfolio, making the stock its 15th largest holding. Cim LLC's holdings in Apple were worth $17,554,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AAPL. Lifetime Wealth Management P.C. bought a new stake in shares of Apple during the 4th quarter valued at about $41,000. ROSS JOHNSON & Associates LLC increased 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 worth $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management bought a new position in shares of Apple in the fourth quarter worth approximately $65,000. Timmons Wealth Management LLC purchased a new stake in Apple in the fourth quarter valued at approximately $69,000. Finally, Inspire Investing LLC purchased a new stake in Apple in the fourth quarter valued at approximately $76,000. Institutional investors own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is testing DRAM chips from China’s ChangXin Memory Technologies (CXMT) for iPhones and MacBooks and has discussed potential supply arrangements. Diversifying memory suppliers could reduce shortages and limit cost pressure, although geopolitical and quality-control risks remain. Apple’s CXMT Bet Could Strengthen Its Memory Supply, But Risks Remain
• Positive Sentiment: Apple is reportedly in talks with publishers to license content for an AI-powered Siri. Access to current, high-quality information could improve Siri as Apple prepares a major AI-focused iPhone software update. Apple in Talks to Pay Publishers to Improve AI-Powered Siri
• Positive Sentiment: Apple’s latest quarter remained strong, with revenue up 16.4% year over year and earnings exceeding consensus estimates. Some investors also view the recent pullback as an accumulation opportunity, while Crake Asset Management reportedly increased its Apple position.
• Neutral Sentiment: Apple hired former American Airlines executive Nate Gatten to lead government affairs, highlighting the importance of tariffs, regulation and White House relations. The appointment could improve policy execution but also underscores heightened political risk. Apple Hires Former American Airlines Executive to Lead Government Affairs
• Neutral Sentiment: CEO Tim Cook is expected to hand leadership to John Ternus on September 1, while Apple Pay and Wallet chief Jennifer Bailey plans to retire in October. The transitions create execution uncertainty but may also mark a planned leadership refresh.
• Negative Sentiment: Jefferies cut its Apple rating and price target, questioning whether the company has sufficient iPhone and AI momentum to justify its premium valuation. The firm also cited supply-chain concerns about a high-end all-glass iPhone and weaker average-selling-price growth. Apple Stock Falls After Jefferies Slashes Price Target
• Negative Sentiment: Memory shortages driven by AI demand are raising Apple’s bill of materials and could pressure margins or force additional iPhone price increases. Google’s new Pixel 11 lineup also intensifies competition in AI-enabled smartphones. Apple additionally faces a class-action lawsuit alleging that its iCloud+ privacy claims misled consumers.

Insider Activity at Apple

In related news, insider Ben Borders sold 116 shares of Apple stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on AAPL shares. Jefferies Financial Group cut shares of Apple from a "buy" rating to an "underperform" rating and cut their price target for the stock from $285.56 to $263.66 in a research note on Monday. Wells Fargo & Company restated an "overweight" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Barclays reaffirmed an "underweight" rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a report on Friday, July 31st. Tigress Financial reiterated a "strong-buy" rating and issued a $375.00 target price (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Finally, Citigroup reissued a "buy" rating and issued a $365.00 target price (up from $315.00) on shares of Apple in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $328.60.

Apple Trading Down 0.9%

Shares of AAPL stock opened at $302.25 on Thursday. The business has a 50-day moving average of $309.12 and a 200 day moving average of $284.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 1-year low of $223.78 and a 1-year high of $344.57. The stock has a market capitalization of $4.41 trillion, a PE ratio of 34.66, a P/E/G ratio of 2.61 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the firm earned $1.57 EPS. The business's quarterly revenue was up 16.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be issued a $0.27 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple's dividend payout ratio (DPR) is currently 12.39%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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