Mystic Asset Management Inc. Sells 4,978 Shares of Apple Inc. $AAPL

Key Points

• Mystic Asset Management trimmed its Apple stake by 4.3% in the fourth quarter, selling 4,978 shares and still holding 111,687 shares worth about $30.36 million. Apple remains the fund’s largest position, making up 6.9% of its portfolio.
• Wall Street sentiment stays constructive, with Apple carrying a “Moderate Buy” consensus rating and an average target price of $308.74. Several firms recently raised or reiterated bullish targets, including Wells Fargo at $310 and Morgan Stanley at $330.
• Apple also reported better-than-expected quarterly results, with EPS of $2.01 and revenue of $111.18 billion, while raising its dividend to $0.27 per share. The stock was trading near its 52-week high, reflecting continued investor optimism despite some valuation and regulatory concerns.

Mystic Asset Management Inc. trimmed its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,687 shares of the iPhone maker's stock after selling 4,978 shares during the quarter. Apple makes up 6.9% of Mystic Asset Management Inc.'s investment portfolio, making the stock its largest position. Mystic Asset Management Inc.'s holdings in Apple were worth $30,363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Isthmus Partners LLC grew its position in shares of Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock valued at $25,000 after buying an additional 5,808 shares during the last quarter. Sellwood Investment Partners LLC grew its position in shares of Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after buying an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC grew its position in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management purchased a new position in shares of Apple in the 4th quarter valued at $65,000. Finally, 49 Wealth Management LLC grew its position in shares of Apple by 15.7% in the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock valued at $76,000 after buying an additional 40,543 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a research report on Friday, May 1st. KeyCorp reaffirmed a "sector weight" rating on shares of Apple in a research report on Thursday, March 12th. Moffett Nathanson increased their target price on shares of Apple from $241.00 to $270.00 and gave the company a "neutral" rating in a research report on Wednesday, February 25th. Royal Bank Of Canada set a $325.00 target price on shares of Apple in a research report on Monday, February 2nd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $330.00 target price (up from $315.00) on shares of Apple in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $308.74.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s App Store fraud prevention system blocked $2.2 billion in fraudulent transactions last year, underscoring the strength and scale of its Services ecosystem. Apple uses AI and human reviews to prevent $2.2B in potential App Store fraud
• Positive Sentiment: Analysts continue to point to Services as a major growth driver for Apple, which could support earnings even as iPhone growth matures. AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth
• Positive Sentiment: Apple is reportedly offering China price cuts for the 618 holiday, a move that could help its sales and market-share push in a competitive market. Apple cutting prices in China for 618 holiday likely to aid market share push: Wedbush
• Neutral Sentiment: Apple received some favorable media attention after Google’s I/O event, with commentary suggesting Google’s AI showcase may have strengthened expectations that Apple will have room to compete aggressively at WWDC. Google I/O 2026 had nothing to say and said it badly ahead of Apple's WWDC
• Neutral Sentiment: Reports that Apple is reorganizing its hardware team and pushing more AI-powered features suggest a product-development refresh, but the impact on near-term earnings is unclear. Apple reportedly plans hardware team shake up to ramp up future devices
• Negative Sentiment: KeyBanc turned cautious on Apple, warning that valuation looks stretched and suggesting the stock may be due for profit-taking. KeyBanc Turns Cautious on Apple Stock as Valuation Concerns Grow. It’s Due for Profit-Taking.
• Negative Sentiment: Apple remains exposed to regulatory and strategic risks, including an Indian court order to cooperate in an App Store antitrust probe and ongoing concerns about AI feature delays. Apple ordered by Indian court to 'fully cooperate' in iPhone App Store antitrust probe

Apple Trading Up 1.1%

Shares of Apple stock opened at $302.25 on Thursday. Apple Inc. has a 1 year low of $193.46 and a 1 year high of $303.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market capitalization of $4.44 trillion, a P/E ratio of 36.55, a PEG ratio of 2.60 and a beta of 1.06. The company's fifty day moving average is $267.80 and its two-hundred day moving average is $268.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (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 for the quarter, compared to the consensus estimate of $109.46 billion. During the same period last year, the firm posted $1.65 EPS. Apple's revenue for the quarter was up 16.6% on a year-over-year basis. Analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

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

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the firm's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer directly owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the firm's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider directly owned 38,713 shares in the company, valued at $11,226,770. The trade was a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 97,759 shares of company stock valued at $24,964,305. Company insiders own 0.06% of the company's stock.

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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