Pacific Sun Financial Corp Trims Stake in Apple Inc. $AAPL

Key Points

• Pacific Sun Financial Corp cut its Apple stake by 13.3% in the fourth quarter, selling 6,361 shares and leaving it with 41,362 shares worth about $11.25 million. Apple remains its largest holding, making up roughly 5.4% of its portfolio.
• Several other institutional investors increased their Apple positions, and 67.73% of Apple’s stock is now held by institutions overall. That suggests continued broad institutional interest despite Pacific Sun’s trim.
• Apple continues to draw mixed sentiment: analysts still largely rate it a Moderate Buy with an average target of $312.82, while recent insider selling and warnings about slowing App Store growth keep some caution in view.

Pacific Sun Financial Corp reduced its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,362 shares of the iPhone maker's stock after selling 6,361 shares during the period. Apple accounts for approximately 5.4% of Pacific Sun Financial Corp's holdings, making the stock its largest holding. Pacific Sun Financial Corp's holdings in Apple were worth $11,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Overbrook Management Corp increased its position in shares of Apple by 57.4% in the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock valued at $28,449,000 after acquiring an additional 38,174 shares during the last quarter. Tufton Capital Management increased its position in shares of Apple by 4.3% in the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock valued at $25,496,000 after acquiring an additional 4,157 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at about $1,178,000. KBC Group NV increased its position in shares of Apple by 3.1% in the fourth quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock valued at $1,915,172,000 after acquiring an additional 214,215 shares during the last quarter. Finally, Montis Financial LLC increased its position in Apple by 15.8% during the third quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker's stock worth $19,841,000 after buying an additional 10,640 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In other news, insider Ben Borders sold 1,274 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Deirdre O'brien sold 30,002 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president owned 136,810 shares of the company's stock, valued at approximately $34,934,433.50. This represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 97,759 shares of company stock worth $24,964,305. Insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a research report on Monday, March 2nd. Jefferies Financial Group set a $330.00 price target on Apple in a research report on Wednesday, March 4th. Wells Fargo & Company reissued an "overweight" rating and set a $310.00 price target (up from $300.00) on shares of Apple in a research report on Friday, May 1st. TD Cowen reissued a "buy" rating and set a $335.00 price target (up from $325.00) on shares of Apple in a research report on Friday, May 1st. Finally, UBS Group reissued a "neutral" rating on shares of Apple in a research report on Wednesday. One research 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $312.82.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investors are looking for WWDC to showcase a major Siri overhaul and new AI features, which could help justify a higher valuation if Apple demonstrates stronger product momentum. Article Title
• Positive Sentiment: Apple’s App Store generated more than $1.4 trillion in developer sales and billings last year, reinforcing the scale and stickiness of its Services ecosystem. Article Title
• Positive Sentiment: Analysts remain constructive on Apple’s AI roadmap and ecosystem strength, with several price-target hikes and Buy calls suggesting upside if the company executes at WWDC. Article Title
• Neutral Sentiment: Apple approved Poke as the first AI agent on its Messages for Business platform, showing early AI adoption inside its messaging ecosystem, but the near-term financial impact appears limited. Article Title
• Neutral Sentiment: Reports that Apple may use Google cloud servers and Nvidia chips to help power Siri signal a faster AI rollout, though they also highlight Apple’s reliance on outside infrastructure. Article Title
• Negative Sentiment: UBS warned that App Store growth is decelerating, which matters because App Store revenue is a key driver of Apple’s high-margin Services segment. Article Title
• Negative Sentiment: Apple agreed to submit India financials in a long-running antitrust case, keeping regulatory risk in focus as authorities move closer to a penalty decision. Article Title

Apple Trading Up 0.3%

Shares of NASDAQ:AAPL opened at $311.24 on Friday. Apple Inc. has a 12-month low of $195.07 and a 12-month high of $316.94. The stock has a market cap of $4.57 trillion, a PE ratio of 37.63, a P/E/G ratio of 2.70 and a beta of 1.09. The business has a 50 day moving average of $280.29 and a 200-day moving average of $271.11. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.

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

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued 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 dividend yield of 0.3%. The ex-dividend date was Monday, May 11th. Apple's dividend payout ratio is presently 13.06%.

Apple Company 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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