LMG Wealth Partners LLC Sells 7,271 Shares of Apple Inc. $AAPL

Key Points

• LMG Wealth Partners LLC reduced its Apple stake by 10% in the fourth quarter, selling 7,271 shares and leaving it with 65,728 shares valued at about $17.9 million. Apple remains its second-largest holding and 3.3% of its portfolio.
• Apple’s latest results topped expectations, with quarterly EPS of $2.01 and revenue of $111.18 billion, both above consensus estimates. Revenue rose 16.6% year over year, and analysts still expect full-year EPS of 8.74.
• The company raised its dividend to $0.27 per share quarterly from $0.26, lifting the annualized payout to $1.08. At the current share price, the dividend yield is about 0.3%.

LMG Wealth Partners LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,728 shares of the iPhone maker's stock after selling 7,271 shares during the period. Apple makes up 3.3% of LMG Wealth Partners LLC's investment portfolio, making the stock its 2nd biggest holding. LMG Wealth Partners LLC's holdings in Apple were worth $17,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Composition Wealth LLC raised its holdings in shares of Apple by 0.4% during the fourth quarter. Composition Wealth LLC now owns 751,550 shares of the iPhone maker's stock valued at $204,316,000 after purchasing an additional 3,000 shares during the period. Capital Investment Counsel LLC raised its holdings in shares of Apple by 0.6% during the fourth quarter. Capital Investment Counsel LLC now owns 66,884 shares of the iPhone maker's stock valued at $18,183,000 after purchasing an additional 400 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Apple during the fourth quarter valued at about $2,359,212,000. Blalock Williams LLC raised its holdings in shares of Apple by 2.9% during the fourth quarter. Blalock Williams LLC now owns 10,362 shares of the iPhone maker's stock valued at $2,817,000 after purchasing an additional 295 shares during the period. Finally, Horizon Investments LLC raised its holdings in shares of Apple by 15.0% during the fourth quarter. Horizon Investments LLC now owns 610,554 shares of the iPhone maker's stock valued at $165,985,000 after purchasing an additional 79,741 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity

In other Apple news, insider Ben Borders sold 1,274 shares of the company's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the sale, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Deirdre O'brien sold 30,002 shares of the company's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $312.06 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a 50-day moving average of $275.43 and a 200-day moving average of $270.06. The company has a market cap of $4.58 trillion, a PE ratio of 37.73, a PEG ratio of 2.72 and a beta of 1.09. Apple Inc. has a one year low of $195.07 and a one year high of $315.00.

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

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. Apple's payout ratio is currently 13.06%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s upcoming WWDC is expected to showcase a major Siri AI overhaul and broader iOS AI upgrades, reinforcing expectations for a stronger AI product cycle. Apple to Unveil Siri’s AI Overhaul at June Conference
• Positive Sentiment: Analysts are increasingly bullish that Apple’s ecosystem could benefit from agentic AI, with Bank of America reportedly lifting its price target and pointing to user identity, payments, and app access as key advantages. Bank of America Raises Its Apple Stock Price Target to $380. Agentic AI Could Be the Upside Driver.
• Positive Sentiment: Multiple pieces highlight Apple as a momentum stock and suggest Apple Intelligence could drive iPhone and Mac upgrades, which supports the case for further revenue growth. Apple Intelligence Drives Up iPhone & Mac Sales: More Upside Ahead?
• Neutral Sentiment: Leak-driven coverage around the iPhone 18 Pro’s rumored colors and camera changes is generating buzz, but it is too early to be a major fundamental stock driver. iPhone 18 Pro dummy units reveal four color options [Gallery] - 9to5Mac
• Negative Sentiment: Some technical commentary warns Apple is approaching long-term resistance and may need a consolidation period after a strong run, which could limit near-term upside. Apple (AAPL) Faces $355 Barrier at Top of Its Multi-Year Uptrend Structure

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research reports. Wedbush reiterated an "outperform" rating and set a $400.00 price objective (up from $350.00) on shares of Apple in a report on Friday, May 8th. Sanford C. Bernstein reissued an "outperform" rating on shares of Apple in a research report on Wednesday, March 4th. Stifel Nicolaus set a $330.00 target price on shares of Apple in a research report on Monday, March 2nd. DA Davidson reissued a "neutral" rating and set a $270.00 target price on shares of Apple in a research report on Friday, May 1st. Finally, Robert W. Baird set a $310.00 target price on shares of Apple in a research report 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $310.31.

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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