Pacific Point Advisors LLC Acquires 7,957 Shares of Apple Inc. $AAPL

Key Points

• Pacific Point Advisors LLC increased its Apple stake by 50.2%, buying 7,957 shares to hold 23,822 shares worth $6.476 million, making Apple its third-largest position (~3.5% of the firm's holdings).
• Insider selling occurred: CEO Timothy D. Cook sold 64,949 shares for about $16.5 million and SVP Deirdre O'Brien sold 30,002 shares for about $7.66 million, with both transactions executed under pre-arranged Rule 10b5-1 plans and insider ownership at ~0.06%.
• Market context: Apple posted a quarterly EPS beat and revenue growth, analysts have an average rating of "Moderate Buy" with an average price target of $303.06, and the company carries a market cap of roughly $3.98 trillion.

Pacific Point Advisors LLC raised its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 50.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,822 shares of the iPhone maker's stock after buying an additional 7,957 shares during the period. Apple comprises about 3.5% of Pacific Point Advisors LLC's holdings, making the stock its 3rd largest position. Pacific Point Advisors LLC's holdings in Apple were worth $6,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sellwood Investment Partners LLC boosted its position in shares of Apple by 110.9% during the third 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 raised its position in 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 bought a new position in Apple during the 4th quarter valued at $65,000. eCIO Inc. bought a new position in Apple during the 4th quarter valued at $112,000. Finally, HFM Investment Advisors LLC purchased a new position in Apple during the 1st quarter worth $99,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of 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 represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of the firm's 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 completion of the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.06% of the stock is currently owned by corporate insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong product demand: Apple’s $599 M4 Mac mini has sold out online amid an AI-driven upswing in mac‑mini interest, signalling healthy hardware demand ahead of upcoming results. Good luck getting a Mac Mini anytime soon
• Positive Sentiment: Investor optimism around new CEO: John Ternus was named CEO effective September 1; several pieces highlight why investors should be encouraged (hardware pedigree, potential renewed product focus). That optimism supports a constructive view on future device cycles. 2 Reasons Investors Should Be Excited for the New Apple CEO
• Positive Sentiment: Analyst and market support ahead of earnings: Firms including Wedbush and others have reiterated favorable views or buying interest into the earnings cadence and iPhone cycle, lending some near‑term support. Wedbush Reaffirms Outperform for Apple
• Neutral Sentiment: CEO succession — expectations and risks: Coverage (FT, NYT, Motley Fool) lays out the transition details and the main tasks for John Ternus; this is a material change but many view it as orderly for now. The Apple juggernaut and the AI roadblock
• Neutral Sentiment: Short‑interest data is noisy/unclear this month (reported values are effectively zero/invalid), so it provides little actionable signal today.
• Negative Sentiment: Berkshire Hathaway selling: Reports show Warren Buffett’s group cut a large portion (~75%) of its Apple stake and redeployed funds into Chubb — a headline catalyst for today’s selling and a signal that a major, long‑held holder is trimming exposure. Warren Buffett Quietly Sold 75% of His Biggest Holding
• Negative Sentiment: Regulatory/AI execution risks: India’s antitrust probe of the App Store and persistent questions about Apple’s AI/Siri progress and executive departures raise execution and legal-risk concerns that could pressure multiple quarters. Indian Antitrust Push Tests Apple App Store Model

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Apple from $320.00 to $325.00 and gave the stock a "buy" rating in a research note on Tuesday, April 14th. The Goldman Sachs Group restated a "buy" rating on shares of Apple in a report on Monday, March 2nd. Wedbush reaffirmed an "outperform" rating and issued a $350.00 price objective on shares of Apple in a research report on Tuesday. Evercore reiterated an "outperform" rating on shares of Apple in a research note on Monday, March 2nd. Finally, Barclays boosted their target price on Apple from $239.00 to $248.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $303.06.

Apple Price Performance

AAPL opened at $271.06 on Friday. Apple Inc. has a fifty-two week low of $193.25 and a fifty-two week high of $288.62. The firm has a 50-day moving average of $260.03 and a 200 day moving average of $264.56. 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 firm has a market cap of $3.98 trillion, a P/E ratio of 34.27, a PEG ratio of 2.49 and a beta of 1.11.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping the consensus estimate of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The business had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. During the same quarter in the previous year, the firm posted $2.40 earnings per share. The company's revenue for the quarter was up 15.7% on a year-over-year basis. On average, research analysts expect that Apple Inc. will post 8.52 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid a $0.26 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio is presently 13.15%.

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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