Tanager Wealth Management LLP Sells 2,521 Shares of Apple Inc. $AAPL

Key Points

• Tanager Wealth Management LLP trimmed its Apple stake by 3.1% in the fourth quarter, selling 2,521 shares and leaving it with 77,591 shares worth about $21.1 million.
• Apple continues to draw mixed but largely positive institutional and analyst sentiment, with several funds increasing holdings and analysts maintaining a Moderate Buy rating and an average price target of $305.74.
• Recent company updates are supportive: Apple beat quarterly earnings and revenue estimates, raised its dividend to $0.27 per share, and investors are watching WWDC as a potential catalyst tied to its AI strategy.

Tanager Wealth Management LLP lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,591 shares of the iPhone maker's stock after selling 2,521 shares during the period. Apple accounts for about 2.1% of Tanager Wealth Management LLP's portfolio, making the stock its 13th largest position. Tanager Wealth Management LLP's holdings in Apple were worth $21,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Overbrook Management Corp grew its position in shares of Apple by 57.4% in the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock worth $28,449,000 after buying an additional 38,174 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Apple by 48.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock worth $363,256,000 after buying an additional 465,393 shares during the last quarter. Tufton Capital Management grew its position in shares of Apple by 4.3% in the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after buying an additional 4,157 shares during the last quarter. Montis Financial LLC grew its position in shares of Apple by 15.8% in the 3rd 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. Finally, KBC Group NV grew its position in shares of Apple by 3.1% in the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock worth $1,915,172,000 after buying an additional 214,215 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s upcoming WWDC is seen as a major catalyst that could reset investor expectations around its AI roadmap and support another leg higher if management delivers a stronger vision for Siri, iOS, and future devices. The Event That Could Redefine Apple’s Summer Rally
• Positive Sentiment: Apple is also being viewed more favorably after reports highlighted strong supply-chain execution, continued AI-services potential, and a growing case for the stock as a momentum name. Apple (AAPL) Gains Wall Street Confidence on Supply Chain Strength and AI Services Potential
• Positive Sentiment: Apple and Google are rolling out end-to-end encrypted RCS messaging between iPhone and Android users, which should improve the messaging experience and support the ecosystem value proposition. Apple And Google Finally Close SMS Security Gap...
• Neutral Sentiment: Reports say Apple is planning customizable camera controls and Siri design changes in iOS 27, which could help future product appeal but are still early-stage software rumors. Apple Plans Customizable Camera for Pros, Siri Design Changes in iOS 27
• Neutral Sentiment: Apple’s director and an insider both sold shares recently, which can create some caution, but the sales appear modest relative to Apple’s overall size and recent record earnings. Apple Board Veteran Sells $71 Million in Stock After Record Earnings
• Negative Sentiment: A new federal appeals-court decision temporarily keeping Trump’s 10% global tariffs in place could preserve cost pressure on imported consumer electronics, including Apple products. Appeals Court Temporarily Reinstates Trump’s 10% Global Tariffs
• Negative Sentiment: Apple’s insider Ben Borders sold 1,274 shares, a small signal that may slightly dampen sentiment, though it is not large enough on its own to change the broader bullish narrative. SEC insider filing

Insider Buying and Selling at Apple

In other news, insider Ben Borders sold 1,274 shares of the business's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider owned 38,713 shares of the company's stock, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Deirdre O'brien sold 30,002 shares of the business's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,759 shares of company stock worth $24,964,305 over the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

NASDAQ:AAPL opened at $294.80 on Wednesday. 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 market cap of $4.33 trillion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The company has a 50 day moving average price of $263.24 and a 200-day moving average price of $266.73. Apple Inc. has a 1-year low of $193.46 and a 1-year high of $295.27.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly 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. The company had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm's revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 EPS. Equities research analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. Apple's payout ratio is currently 13.06%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Apple in a research note on Thursday, March 12th. Robert W. Baird set a $310.00 target price on shares of Apple in a research note on Friday, May 1st. Stephens set a $315.00 target price on shares of Apple in a research note on Monday, January 26th. Rosenblatt Securities lifted their target price on shares of Apple from $268.00 to $276.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Finally, Phillip Securities upgraded shares of Apple from a "moderate sell" rating to a "hold" rating in a research note on Sunday, February 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average price target of $305.74.

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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