Higgins & Schmidt Wealth Strategies LLC Lowers Holdings in Apple Inc. $AAPL

Key Points

• Higgins & Schmidt Wealth Strategies cut its Apple stake by 54% in the first quarter, selling 4,218 shares and leaving it with 3,590 shares valued at about $911,000.
• Some Apple insiders sold shares recently, including CFO Kevan Parekh and insider Ben Borders, while insider selling over the past 90 days totaled 2,924 shares worth $825,546.
• Wall Street remains broadly positive on Apple, with a Moderate Buy consensus rating and an average price target of $314.85, even as the stock trades near $294 and Apple continues to post strong earnings and raise its dividend.

Higgins & Schmidt Wealth Strategies LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 54.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,590 shares of the iPhone maker's stock after selling 4,218 shares during the quarter. Apple makes up 0.4% of Higgins & Schmidt Wealth Strategies LLC's holdings, making the stock its 28th largest holding. Higgins & Schmidt Wealth Strategies LLC's holdings in Apple were worth $911,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AAPL. First National Bank of Hutchinson raised its holdings in Apple by 24.6% in the fourth 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 lifted its position in shares of Apple by 0.5% during the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after buying an additional 272 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after buying an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Apple by 4.2% in the 4th 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 in the last quarter. Finally, Highview Capital Management LLC DE grew its position in shares of Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock worth $12,587,000 after buying an additional 1,155 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other Apple news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated 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 transaction, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ben Borders sold 116 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 2,924 shares of company stock worth $825,546. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group reiterated a "buy" rating on shares of Apple in a research note on Tuesday, June 9th. Rosenblatt Securities restated a "neutral" rating and issued a $276.00 target price on shares of Apple in a research note on Tuesday, June 9th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Apple in a report on Tuesday, June 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research report on Monday, June 8th. Finally, Bank of America reiterated a "buy" rating and set a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $314.85.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: UBS said iPhone demand is improving in key markets, though it does not appear to be driven by Apple Intelligence. Apple’s (AAPL) iPhone Demand Is Improving, But AI Isn’t The Reason Why
• Positive Sentiment: Several articles highlighted Apple as a favored large-cap name, with bullish pieces citing seasonal strength, Warren Buffett-style appeal, and strong long-term fundamentals. This Stock is My Biggest Bet For July
• Neutral Sentiment: Apple’s AI expansion remains a focus, with reports saying the company is weaving AI deeper into services and hardware, but competition from Alphabet and Microsoft keeps expectations in check. Apple's AI Expansion Aims to Boost Services Momentum: What's Ahead?
• Negative Sentiment: Apple is dealing with a reported memory-chip crunch that has already forced price increases on some products, which could pressure margins and demand if costs stay elevated. Apple negotiates with blacklisted Chinese chipmakers amid AI-driven memory crunch
• Negative Sentiment: Supply-chain and cybersecurity concerns also weighed on sentiment after reports of a Tata Electronics breach exposed confidential iPhone 18 Pro-related information. Apple’s China Memory Push Could Be a Win for AAPL Stock
• Negative Sentiment: Regulatory pressure remains a risk, with Russia warning of a possible fine and the U.K. CMA targeting Apple’s App Store payment rules, which could eventually hit services revenue. Russia warns Apple of $52 million fine over alleged bias against local apps

Apple Stock Performance

AAPL opened at $294.38 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. Apple Inc. has a 12-month low of $201.50 and a 12-month high of $317.40. The firm has a 50 day moving average of $293.69 and a two-hundred day moving average of $273.39. The firm has a market capitalization of $4.32 trillion, a PE ratio of 35.60, a P/E/G ratio of 2.52 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS 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 the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. On average, analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a dividend of $0.27 per share. This is a boost from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple's payout ratio is presently 13.06%.

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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