HHM Wealth Advisors LLC Sells 2,327 Shares of Apple Inc. $AAPL

Key Points

• HHM Wealth Advisors trimmed its Apple stake by 3.4%, selling 2,327 shares and leaving it with 66,741 shares valued at about $18.14 million, or roughly 2.1% of the firm's portfolio (its 9th largest holding).
• Apple beat Q2 estimates, reporting $111.18 billion in revenue and $2.01 EPS, issued strong fiscal Q3 guidance (revenue +14–17% YoY), added $100 billion to its buyback program, and raised the quarterly dividend to $0.27.
• Insider selling accelerated: CFO Kevan Parekh sold 1,534 shares and SVP Deirdre O'Brien sold 30,002 shares, with insiders selling 96,485 shares (~$24.6 million) over the past three months; insiders now own about 0.06% of the stock.

HHM Wealth Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,741 shares of the iPhone maker's stock after selling 2,327 shares during the period. Apple accounts for about 2.1% of HHM Wealth Advisors LLC's portfolio, making the stock its 9th biggest position. HHM Wealth Advisors LLC's holdings in Apple were worth $18,144,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AAPL. Reyes Financial Architecture Inc. increased its stake in Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after purchasing an additional 37 shares in the last quarter. WESPAC Advisors LLC boosted its position in shares of Apple by 0.3% during the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock worth $3,351,000 after purchasing an additional 39 shares in the last quarter. American Alpha Advisors LLC grew its stake in shares of Apple by 3.7% in the 3rd quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker's stock valued at $293,000 after buying an additional 41 shares during the period. Seven Springs Wealth Group LLC increased its position in Apple by 0.3% in the 3rd quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker's stock valued at $3,934,000 after buying an additional 42 shares in the last quarter. Finally, Avant Capital LLC increased its position in Apple by 0.9% in the 3rd quarter. Avant Capital LLC now owns 4,814 shares of the iPhone maker's stock valued at $1,226,000 after buying an additional 43 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Kevan Parekh sold 1,534 shares of the firm's stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the sale, the chief financial officer directly owned 13,366 shares of the company's stock, valued at $3,675,650. This trade represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total value of $7,661,010.70. Following the sale, the senior vice president owned 136,810 shares in the company, valued at $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 96,485 shares of company stock worth $24,594,845. 0.06% of the stock is owned by company insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Q2 beat on top and bottom lines — Apple reported $111.2B revenue and $2.01 adjusted EPS, topping Street estimates and signaling continued demand momentum. Apple's Stock Climbs on a Rosy Outlook
• Positive Sentiment: Management says iPhone 17 demand is “extraordinary”; iPhone revenue rose strongly and the active installed base hit records — supports durable hardware growth. Apple Sales Top $111 Billion in Second Quarter
• Positive Sentiment: Strong forward guide — Apple guided fiscal Q3 revenue up 14–17% YoY (above consensus), and raised profit guidance; that drove the most immediate upside reaction. Apple Stock Jumps on Revenue Outlook
• Positive Sentiment: Capital return ramp — Apple added $100B to its buyback program and signaled shareholder-friendly distributions, which supports EPS and investor sentiment. Apple adds $100 billion to its share buyback program
• Neutral Sentiment: Services and Mac strength — Services hit an all-time quarterly high (~$30B) and Macs saw AI-driven demand, diversifying revenue beyond iPhone. Apple was surprised by AI-driven demand for Macs
• Neutral Sentiment: Leadership transition spotlight — Tim Cook introduced incoming CEO John Ternus on the earnings call; investors see a smooth handoff but will watch execution under new leadership. Incoming Apple CEO John Ternus Makes Wall Street Cameo
• Negative Sentiment: Memory and supply headwinds — Management warned memory costs will increasingly impact the business and said supply constraints limited some iPhone shipments; that could pressure margins and near-term unit growth. Cook: Memory Costs Will Be Increasing Impact On Our Business
• Negative Sentiment: Regulatory/legal risk — Apple is in a tense dispute with India’s antitrust body over document requests; prolonged fights or fines could be a headline risk in key markets. Apple says India antitrust body overstepping judicial authority
• Negative Sentiment: Product execution concerns — reports that Vision Pro priority has been dialed back and mixed commentary on longer-term AI positioning leave some investors wanting clearer strategy/roadmap. Apple Has Given Up on the Vision Pro After M5 Refresh Flop

Apple Trading Up 0.4%

Shares of AAPL stock opened at $271.35 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The company has a market capitalization of $3.98 trillion, a price-to-earnings ratio of 34.30, a PEG ratio of 2.46 and a beta of 1.11. Apple Inc. has a 52-week low of $193.25 and a 52-week high of $288.62. The company has a 50-day simple moving average of $260.73 and a two-hundred day simple moving average of $265.02.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.92 by $0.09. Apple had a net margin of 27.04% and a return on equity of 159.94%. The firm had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. During the same quarter last year, the firm earned $1.65 EPS. The company's quarterly revenue was up 16.6% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 8.52 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. This is an increase from Apple's previous quarterly dividend of $0.26. The ex-dividend date is Monday, May 11th. Apple's dividend payout ratio is 13.15%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AAPL. Bank of America raised their price objective on Apple from $320.00 to $325.00 and gave the company a "buy" rating in a research note on Tuesday, April 14th. Monness Crespi & Hardt increased 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. KeyCorp reissued a "sector weight" rating on shares of Apple in a research report on Thursday, March 12th. Wedbush restated an "outperform" rating and set a $350.00 price target on shares of Apple in a research note on Tuesday, April 21st. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $301.83.

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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