Kimelman & Baird LLC Has $77.28 Million Stock Position in Apple Inc. $AAPL

Key Points

• Kimelman & Baird LLC trimmed its Apple stake by 1.3% in the fourth quarter, but Apple remains its largest holding at about 5.9% of the portfolio. The position was still worth $77.28 million at quarter-end.
• Apple continues to draw strong institutional interest and broad analyst support, with the stock carrying a “Moderate Buy” consensus and a $312.82 average price target. Several firms recently raised or reaffirmed bullish views, citing Apple’s AI potential and resilient iPhone demand.
• The article highlights several near-term catalysts and risks, including expected WWDC AI/Siri updates, strong App Store billing figures, and improved Foxconn guidance. At the same time, some analysts warn that Apple’s valuation and slower App Store growth could become headwinds if AI execution disappoints.

Kimelman & Baird LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 284,277 shares of the iPhone maker's stock after selling 3,743 shares during the period. Apple makes up about 5.9% of Kimelman & Baird LLC's holdings, making the stock its largest holding. Kimelman & Baird LLC's holdings in Apple were worth $77,283,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AAPL. First National Bank of Hutchinson boosted its stake in Apple by 24.6% during the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock valued at $8,845,000 after buying an additional 6,982 shares during the period. Eagle Capital Management LLC boosted its stake in 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 period. Brighton Jones LLC boosted its stake in Apple by 14.8% during the fourth 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 during the period. Revolve Wealth Partners LLC boosted its stake in Apple by 4.2% during 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 Apple by 2.4% during 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. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Stifel Nicolaus set a $330.00 price target on Apple in a research note on Monday, March 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Apple in a research note on Thursday, March 12th. BNP Paribas Exane raised Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target for the company in a research note on Friday, April 17th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $310.00 price target (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Finally, DA Davidson reaffirmed a "neutral" rating and set a $270.00 price target on shares of Apple in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $312.82.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s WWDC keynote is expected to highlight a revamped Siri, Apple Intelligence updates, and a broader AI strategy, which could act as a near-term catalyst if the company shows meaningful progress. Will WWDC Drive Apple Stock (AAPL) Higher? Here’s What Analysts Expect
• Positive Sentiment: Analysts remain constructive, with Citi reiterating a Buy and Wedbush reaffirming Outperform with a $400 target, citing Apple’s AI inflection point and resilient iPhone fundamentals. Asiya Merchant Reiterates Buy on Apple, Citing AI Strategy Inflection and Resilient iPhone Fundamentals
• Positive Sentiment: Apple’s App Store update showed $1.4 trillion in sales and billings last year, reinforcing the scale of its Services ecosystem even as most transactions did not carry a commission. Apple touts $1.4 trillion in App Store billings and sales, 90% without a commission
• Positive Sentiment: Foxconn raised its second-quarter outlook, a constructive signal for Apple’s supply chain and iPhone demand, since Foxconn is Apple’s top iPhone assembler. Taiwan's Foxconn raises guidance for second-quarter outlook
• Neutral Sentiment: Reports that Apple may rely on Google cloud infrastructure and Nvidia chips to power a redesigned Siri suggest the company is prioritizing speed to market, but they also underscore that Apple is leaning on outside partners for its AI push. Apple Taps Google to Prep Siri For September Revamp
• Negative Sentiment: Some coverage warns that Apple still faces a high bar to justify its valuation, and UBS noted decelerating App Store growth could pressure the Services growth story if AI execution disappoints. Investors Should Worry About Apple’s (AAPL) Decelerating App Store Growth, Says UBS

Apple Trading Down 1.2%

Shares of AAPL stock opened at $307.34 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $281.39 and a two-hundred day moving average price of $271.37. Apple Inc. has a 12-month low of $195.07 and a 12-month high of $316.94. The firm has a market cap of $4.51 trillion, a P/E ratio of 37.16, a price-to-earnings-growth ratio of 2.71 and a beta of 1.09.

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, topping the consensus estimate of $1.95 by $0.06. The firm had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 earnings per share. Equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a $0.27 dividend. This is an increase from Apple's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple's dividend payout ratio (DPR) is presently 13.06%.

Insider Buying and Selling

In other news, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction dated 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 transaction, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value 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 represents a 10.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 97,759 shares of company stock worth $24,964,305 in the last ninety days. Corporate insiders own 0.06% of the company's stock.

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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