DJE Kapital AG Sells 214,296 Shares of Apple Inc. $AAPL

Key Points

• DJE Kapital AG reduced its Apple position by 41%, selling 214,296 shares and retaining 307,802 shares valued at approximately $76.6 million. Apple represents 1.7% of the fund’s portfolio, while institutional investors collectively own 67.73% of the company.
• Apple reported strong quarterly results, with revenue rising 16.4% year over year to $109.42 billion and earnings of $2.02 per share, beating estimates. Shares recently opened at $312.41, giving the company a market capitalization of about $4.56 trillion.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $330.44, though some firms downgraded the stock amid concerns about valuation, slowing Services growth, rising memory costs and policy risks. Apple also declared a quarterly dividend of $0.27 per share.

DJE Kapital AG lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 41.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 307,802 shares of the iPhone maker's stock after selling 214,296 shares during the quarter. Apple makes up 1.7% of DJE Kapital AG's holdings, making the stock its 21st largest holding. DJE Kapital AG's holdings in Apple were worth $76,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Apple in the 4th quarter worth about $52,266,468,000. Nuveen LLC purchased a new stake in shares of Apple in the first quarter valued at approximately $17,472,482,000. Cardano Risk Management B.V. grew its stake in Apple by 890.7% in the fourth quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker's stock worth $11,413,990,000 after purchasing an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in Apple by 20,464.8% in the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock worth $5,553,753,000 after purchasing an additional 26,937,401 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after purchasing an additional 26,856,752 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of AAPL opened at $312.41 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company's fifty day moving average price is $309.43 and its 200-day moving average price is $283.02. Apple Inc. has a 1-year low of $216.58 and a 1-year high of $344.57. The firm has a market capitalization of $4.56 trillion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $109.04 billion. During the same quarter in the previous year, the business earned $1.57 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's payout ratio is currently 12.39%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday. Monness Crespi & Hardt upped their price objective on shares of Apple from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a "buy" rating and set a $360.00 target price (down from $370.00) on shares of Apple in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a "hold" rating on shares of Apple in a research report on Tuesday, June 9th. Finally, China Renaissance downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $280.00 price objective on the stock. in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $330.44.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: App Store revenue rose 0.6% year over year to $3.4 billion during the first 35 days of Apple’s fiscal fourth quarter, despite a 4% decline in iPhone and iPad downloads. Revenue per download increased 4.7% to $1.02, suggesting stronger monetization and supporting the Services business. Apple App Store revenue ticks up despite falling downloads
• Positive Sentiment: Apple’s fiscal third-quarter revenue reached a June-quarter record of $109.4 billion, up 16% year over year, while earnings exceeded estimates. Reports also point to broad iPhone, Mac and Services demand, resilient iPhone sales and continued growth in India, providing a fundamental counterweight to recent market concerns. Apple’s Quarterly iPhone Sales Were Even Better Than They Seem
• Positive Sentiment: Some analysts and market commentators continue to recommend buying the pullback, arguing that Apple’s ecosystem, product pipeline and long-term earnings potential remain attractive despite near-term volatility. 3 Reasons to Buy Apple Stock on the Dip
• Neutral Sentiment: OpenAI asked a federal judge to dismiss Apple’s trade-secrets lawsuit, denying that it misappropriated confidential information through former Apple employees. The filing creates legal and reputational uncertainty, although the financial impact is not yet clear. OpenAI asks US judge to dismiss Apple’s trade secrets case
• Negative Sentiment: Analysts at Phillip Securities, DZ Bank and China Renaissance lowered their views on Apple to Moderate Sell or Hold. Concerns include slowing Services growth, elevated memory costs, supply constraints, policy risks and Apple’s premium valuation.
• Negative Sentiment: Services revenue grew about 12% to $30.7 billion, making it the slowest-growing of Apple’s three largest businesses. Tim Cook also warned that rising memory prices could pressure margins, while the CEO transition adds uncertainty after a record quarter. Tim Cook’s Last Quarter as CEO

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 116 shares of Apple stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company's stock.

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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