Cornerstone Planning Group LLC Trims Holdings in Apple Inc. $AAPL

Key Points

• Cornerstone Planning Group LLC cut its Apple stake by 17.5% in the fourth quarter, selling 5,785 shares and ending with 27,237 shares worth about $6.99 million.
• Apple reported strong quarterly results, posting EPS of $2.01 versus estimates of $1.95 and revenue of $111.18 billion, up 16.6% year over year.
• The company also raised its dividend to $0.27 per share from $0.26, while analysts remain generally constructive with a consensus rating of “Moderate Buy” and an average target price of $310.31.

Cornerstone Planning Group LLC lowered its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,237 shares of the iPhone maker's stock after selling 5,785 shares during the period. Apple makes up approximately 1.1% of Cornerstone Planning Group LLC's investment portfolio, making the stock its 20th largest holding. Cornerstone Planning Group LLC's holdings in Apple were worth $6,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sellwood Investment Partners LLC increased its stake 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 worth $34,000 after acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC lifted its position in Apple by 1,800.0% during 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 during the period. LSV Asset Management acquired a new position in Apple during the fourth quarter valued at $65,000. PayPay Securities Corp boosted its holdings in 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 during the last quarter. Finally, eCIO Inc. purchased a new stake in Apple in the fourth quarter valued at $112,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of the business's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 97,759 shares of company stock worth $24,964,305. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of Apple stock opened at $312.06 on Monday. The firm has a market cap of $4.58 trillion, a PE ratio of 37.73, a P/E/G ratio of 2.72 and a beta of 1.09. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $315.00. 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 business has a 50-day moving average price of $275.43 and a 200 day moving average price of $270.06.

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

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This is a positive change from Apple's previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's payout ratio is 13.06%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s upcoming WWDC is expected to showcase a major Siri AI overhaul and broader iOS AI upgrades, reinforcing expectations for a stronger AI product cycle. Apple to Unveil Siri’s AI Overhaul at June Conference
• Positive Sentiment: Analysts are increasingly bullish that Apple’s ecosystem could benefit from agentic AI, with Bank of America reportedly lifting its price target and pointing to user identity, payments, and app access as key advantages. Bank of America Raises Its Apple Stock Price Target to $380. Agentic AI Could Be the Upside Driver.
• Positive Sentiment: Multiple pieces highlight Apple as a momentum stock and suggest Apple Intelligence could drive iPhone and Mac upgrades, which supports the case for further revenue growth. Apple Intelligence Drives Up iPhone & Mac Sales: More Upside Ahead?
• Neutral Sentiment: Leak-driven coverage around the iPhone 18 Pro’s rumored colors and camera changes is generating buzz, but it is too early to be a major fundamental stock driver. iPhone 18 Pro dummy units reveal four color options [Gallery] - 9to5Mac
• Negative Sentiment: Some technical commentary warns Apple is approaching long-term resistance and may need a consolidation period after a strong run, which could limit near-term upside. Apple (AAPL) Faces $355 Barrier at Top of Its Multi-Year Uptrend Structure

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Scotiabank set a $330.00 price objective on Apple in a research note on Monday, February 2nd. Robert W. Baird set a $310.00 target price on Apple in a research note on Friday, May 1st. Morgan Stanley reaffirmed an "overweight" rating and set a $330.00 target price (up from $315.00) on shares of Apple in a report on Friday, May 1st. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a research report on Monday, March 2nd. Finally, Moffett Nathanson boosted their price target on Apple from $241.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $310.31.

Apple 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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