Westbourne Investment Advisors Inc. Reduces Holdings in Apple Inc. $AAPL

Key Points

• Westbourne Investment Advisors trimmed its Apple stake by 2.2%, selling 1,980 shares to hold 89,406 shares worth $24.306 million, which represents about 6.7% of its portfolio and is its second‑largest holding.
• Apple beat expectations with EPS of $2.01 versus $1.95 and revenue of $111.18 billion (up 16.6% year‑over‑year), and the company raised its quarterly dividend to $0.27 (ex‑dividend May 11).
• Analysts maintain a consensus rating of "Moderate Buy" with a $304.31 target, even as insiders sold roughly 96,485 shares in the past three months including notable sales by the CFO and an SVP.

Westbourne Investment Advisors Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,406 shares of the iPhone maker's stock after selling 1,980 shares during the period. Apple comprises approximately 6.7% of Westbourne Investment Advisors Inc.'s investment portfolio, making the stock its 2nd biggest holding. Westbourne Investment Advisors Inc.'s holdings in Apple were worth $24,306,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AAPL. Reyes Financial Architecture Inc. grew its holdings in Apple by 0.4% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock worth $2,520,000 after acquiring an additional 37 shares in the last quarter. WESPAC Advisors LLC raised its holdings in shares of Apple by 0.3% in the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock valued at $3,351,000 after purchasing an additional 39 shares in the last quarter. American Alpha Advisors LLC lifted its position in shares of Apple by 3.7% in the 3rd quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker's stock worth $293,000 after purchasing an additional 41 shares during the period. Seven Springs Wealth Group LLC boosted its stake in shares of Apple by 0.3% during the third quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker's stock valued at $3,934,000 after purchasing an additional 42 shares in the last quarter. Finally, Avant Capital LLC boosted its stake in shares of Apple by 0.9% during the third quarter. Avant Capital LLC now owns 4,814 shares of the iPhone maker's stock valued at $1,226,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent research reports. Robert W. Baird set a $310.00 price objective on shares of Apple in a research note on Friday. Rosenblatt Securities lifted their price target on Apple from $268.00 to $276.00 and gave the company a "neutral" rating in a report on Friday, May 1st. UBS Group set a $296.00 price target on Apple and gave the stock a "neutral" rating in a research report on Friday. Moffett Nathanson upped their price objective on Apple from $241.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. Finally, Needham & Company LLC reaffirmed a "hold" rating 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $304.31.

Apple Stock Performance

Shares of AAPL opened at $284.18 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The firm has a market cap of $4.17 trillion, a PE ratio of 34.36, a P/E/G ratio of 2.42 and a beta of 1.06. Apple Inc. has a 12 month low of $193.25 and a 12 month high of $288.62. The stock has a fifty day moving average price of $261.12 and a 200-day moving average price of $265.51.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the previous year, the business earned $1.65 EPS. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 8.72 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed 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. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. This is an increase from Apple's previous quarterly dividend of $0.26. The ex-dividend date is Monday, May 11th. Apple's dividend payout ratio is currently 12.58%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is holding exploratory talks with Intel and Samsung to manufacture device processors in the U.S., a move investors view as reducing single‑supplier risk and improving supply resilience. Apple explores using Intel, Samsung to build main device chips in the US, Bloomberg News reports
• Positive Sentiment: Management is pivoting iPhones and other devices into AI platforms — allowing third‑party models alongside Apple’s own in iOS 27 — which could deepen the services ecosystem and create new monetization avenues. Apple to let users choose rival AI models across iOS 27 features, Bloomberg News reports
• Positive Sentiment: iPhone 17 remains a top seller globally, supporting revenue and services momentum that underpinned Apple’s recent beat and strong guidance. That product strength is a core reason analysts remain constructive. iPhone 17 Rules, Becomes World's Best-Selling Smartphone
• Neutral Sentiment: Apple will pay its next dividend on May 14 (ex-dividend May 11) — positive for yield-focused holders but typically neutral for immediate directional trading. Apple to pay dividends next week; Here's how much 100 AAPL shares will earn
• Neutral Sentiment: A small institutional trim: RWWM, Inc. reduced its AAPL holding by 1,079 shares — a minor, likely non‑material repositioning. RWWM, Inc. Trims Apple Inc. Stake by 1,079 Shares
• Negative Sentiment: Apple agreed to a $250 million settlement in a class action over allegations it misled iPhone buyers about promised AI features; the payout is modest vs. Apple’s cash flow but is a short‑term headline risk. Apple settles lawsuit over late Siri AI features for $250 million
• Negative Sentiment: Analysts flag margin pressure and supply constraints (memory cost inflation, chip shortages) that could weigh on near‑term profitability despite strong top‑line momentum. Apple: iPhone And Services Drive Growth, But Margin And Supply Risks Loom

Insider Activity at Apple

In other Apple news, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $7,661,010.70. Following the completion of the transaction, the senior vice president directly 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. 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. Insiders sold 96,485 shares of company stock valued at $24,594,845 in the last three months. 0.06% of the stock is owned by insiders.

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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