EFG Asset Management Americas Corp. Sells 10,359 Shares of Apple Inc. $AAPL

Key Points

• EFG Asset Management Americas cut its Apple stake by 20.2%, selling 10,359 shares and now holding 40,966 shares worth about $10.43 million (roughly 1.8% of the fund and its 10th-largest holding).
• Apple beat expectations for the quarter with EPS of $2.84 vs. $2.67 expected and revenue of $143.76 billion vs. $138.25 billion, with net margin of 27.04% and revenue up 15.7% year-over-year.
• The stock opened at $250.12 (down 2.2%), has a market cap of $3.67 trillion and a P/E of 31.62; Apple paid a $0.26 quarterly dividend ($1.04 annualized, yield 0.4%) and carries a consensus analyst rating of "Moderate Buy" with an average target of $297.58.

EFG Asset Management Americas Corp. reduced its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 20.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,966 shares of the iPhone maker's stock after selling 10,359 shares during the period. Apple accounts for approximately 1.8% of EFG Asset Management Americas Corp.'s holdings, making the stock its 10th largest holding. EFG Asset Management Americas Corp.'s holdings in Apple were worth $10,431,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AAPL. Sellwood Investment Partners LLC grew its position in shares of Apple by 110.9% during the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock worth $34,000 after buying an additional 71 shares during the period. ROSS JOHNSON & Associates LLC raised its position in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after acquiring an additional 180 shares during the period. LSV Asset Management acquired a new stake in shares of Apple in the 4th quarter valued at approximately $65,000. Morgan Dempsey Capital Management LLC boosted its stake in Apple by 41.0% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker's stock worth $88,000 after acquiring an additional 125 shares during the last quarter. Finally, HFM Investment Advisors LLC acquired a new position in Apple during the first quarter valued at approximately $99,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 2.2%

Apple stock opened at $250.12 on Monday. The company has a 50 day moving average of $262.08 and a 200-day moving average of $261.74. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $288.62. The stock has a market capitalization of $3.67 trillion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $0.17. The business had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The firm's quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the business posted $2.40 earnings per share. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple's dividend payout ratio (DPR) is currently 13.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AAPL shares. UBS Group reaffirmed a "neutral" rating on shares of Apple in a research note on Wednesday, March 4th. Phillip Securities raised shares of Apple from a "moderate sell" rating to a "hold" rating in a report on Sunday, February 1st. Wedbush restated an "outperform" rating and issued a $350.00 price objective on shares of Apple in a research report on Wednesday, March 4th. Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Monday, March 2nd. Finally, Monness Crespi & Hardt lifted their target price on Apple from $300.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average target price of $297.58.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new low-cost devices (MacBook Neo, iPhone 17e) broaden addressable market and could win share versus cheaper Windows/Chromebooks — a strategic growth lever even if it pressures near-term margins. How Apple's new low-cost MacBook Neo may shake up the market
• Positive Sentiment: Early Formula 1 ratings for AppleTV’s exclusive U.S. stream were strong, supporting the thesis that exclusive sports/content deals can grow Services subscriptions and engagement over time. Apple Gets Early Formula 1 Ratings Win
• Positive Sentiment: India’s plan to roll fresh smartphone manufacturing incentives could help Apple expand local production and improve margin/market access over the medium term. India plans fresh incentives for phone production
• Neutral Sentiment: Analyst views are mixed: a few firms raised targets or reiterated buys while others stay cautious/neutral; median price targets remain above the market, keeping a longer-term bullish backdrop but no unanimous near-term catalyst. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Apple cut its mainland China App Store commission to 25% (and mini-app fees to 12%) after regulator talks — good for developer relations but a direct hit to Services take-rate and near-term revenue in its second‑largest market. Apple cuts China App Store commission fees after government pressure
• Negative Sentiment: Strong insider selling and social/board chatter about a tech pullback and China demand risks are weighing on sentiment — traders are highlighting technical weakness and short-term bearish views. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Macro and supply‑chain risks (memory/storage cost inflation and geopolitical disruption tied to the Iran war) could raise component costs and compress device margins if Apple absorbs price moves to hold consumer prices. The Iran War Could Upend AI. Here’s How.

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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