Harold Davidson & Associates Inc. Sells 7,633 Shares of Apple Inc. $AAPL

Key Points

• Harold Davidson & Associates trimmed its Apple stake by 3.8% in the first quarter, selling 7,633 shares and leaving it with 194,761 shares worth about $49.4 million. Apple remains the firm’s largest holding at roughly 24% of its portfolio.
• Apple’s latest quarter topped expectations, with EPS of $2.01 versus $1.95 expected and revenue of $111.18 billion, up 16.6% year over year. Analysts still expect the company to deliver 8.76 EPS for the current fiscal year.
• Sentiment remains mixed but generally constructive: Apple recently raised its quarterly dividend to $0.27, and analysts currently rate the stock a Moderate Buy with an average price target of $325.71. However, some firms have turned cautious, citing valuation concerns and legal overhangs.

Harold Davidson & Associates Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,761 shares of the iPhone maker's stock after selling 7,633 shares during the period. Apple accounts for approximately 24.0% of Harold Davidson & Associates Inc.'s investment portfolio, making the stock its biggest holding. Harold Davidson & Associates Inc.'s holdings in Apple were worth $49,428,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. First National Bank of Hutchinson raised its stake in Apple by 24.6% in the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after purchasing an additional 6,982 shares in the last quarter. Eagle Capital Management LLC grew its position in shares of Apple by 0.5% during the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock worth $13,544,000 after purchasing an additional 272 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock worth $134,554,000 after purchasing an additional 69,207 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Apple by 4.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after buying an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE boosted its stake in shares of Apple by 2.4% in the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock valued at $12,587,000 after buying an additional 1,155 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, insider Ben Borders sold 116 shares of the firm's stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company's stock.

Apple Price Performance

Apple stock opened at $325.89 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52 week low of $201.50 and a 52 week high of $334.99. The stock has a market capitalization of $4.79 trillion, a P/E ratio of 39.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The stock has a fifty day moving average of $305.49 and a 200-day moving average of $278.27.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. The business 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%.Apple's revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. Apple's dividend payout ratio (DPR) is currently 13.06%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company restated an "overweight" rating and set a $310.00 price objective (up from $300.00) on shares of Apple in a research note on Friday, May 1st. KeyCorp lowered Apple from a "sector weight" rating to an "underweight" rating and set a $250.00 target price on the stock. in a report on Tuesday, July 14th. KGI Securities cut Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target on the stock. in a research report on Monday, June 22nd. Barclays reaffirmed an "underweight" rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $325.71.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reportedly plans a major overhaul of its Mac lineup to meet demand for AI-powered computers, with new versions of every Mac product expected. That could support future hardware upgrades and help Apple participate more directly in the AI spending cycle. Apple Plans To Overhaul Computers to Meet AI Demand
• Positive Sentiment: Apple is also set to launch a new “Apple Upgrade” device leasing program with Klarna, which could make iPhones, Macs, iPads and Apple Watches easier to finance and potentially lift replacement demand. Apple to launch 'Upgrade' device leasing program to spur sales, Bloomberg News reports
• Positive Sentiment: Several commentators remain constructive on Apple’s long-term momentum, arguing the company’s ecosystem, pricing power and upcoming product cycle still support the stock despite recent volatility. Why Apple (AAPL) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Samsung’s new foldable launches and rising prices highlight the competitive pressure in premium mobile devices, while also signaling that Apple’s expected entry into foldables is increasingly on investors’ radar. Samsung unveils wider foldable phone, hikes prices as chip costs rise
• Neutral Sentiment: Apple remains a top-market-cap stock and is trading near peak valuations, which keeps sentiment mixed heading into earnings and makes the shares more sensitive to any disappointment. Is Apple stock overvalued? Here's what AlphaSpace valuation metrics say.
• Negative Sentiment: Apple lost a key court bid in its Masimo dispute, leaving a $634 million Apple Watch patent verdict in place. That legal overhang is a direct negative for sentiment because it preserves a costly judgment and keeps the litigation risk alive. Apple Fails to Overturn $634 Million Masimo Verdict
• Negative Sentiment: Some investors and analysts are warning that Apple’s stock has become expensive after a strong run, which is pressuring the shares as traders lock in gains ahead of earnings. The Risk in Apple's Stock That Nobody Is Talking About

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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