Apple Inc. $AAPL Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 2.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 688,984 shares of the iPhone maker’s stock after selling 14,432 shares during the period. Apple comprises approximately 6.4% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its largest position. Alpha Cubed Investments LLC’s holdings in Apple were worth $187,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Sellwood Investment Partners LLC boosted its position in shares of Apple by 110.9% during the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after purchasing an additional 71 shares during the period. ROSS JOHNSON & Associates LLC lifted its stake in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares in the last quarter. LSV Asset Management acquired a new position in Apple during the fourth quarter worth $65,000. PayPay Securities Corp boosted its position in shares of Apple by 52.1% during the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker’s stock worth $99,000 after buying an additional 125 shares during the period. Finally, eCIO Inc. acquired a new stake in shares of Apple in the fourth quarter valued at $112,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investor optimism is building ahead of WWDC, with Apple expected to unveil key AI features that could improve Siri and strengthen its software ecosystem. Article Title
• Positive Sentiment: Apple’s MacBook Neo is reportedly gaining traction with new buyers, suggesting the company is still expanding its hardware appeal beyond its core customer base. Article Title
• Positive Sentiment: Analysts have been lifting targets on AAPL ahead of WWDC, reflecting confidence that Apple’s AI strategy and software roadmap could reaccelerate growth. Article Title
• Neutral Sentiment: New Apple Wallet bill-splitting and payment-request features may help deepen engagement, but the immediate stock impact is less clear because the move is incremental rather than transformative. Article Title
• Neutral Sentiment: Apple is being discussed as a potentially overvalued stock after its recent rally, which could limit upside if WWDC disappoints expectations. Article Title
• Negative Sentiment: Dell and Nvidia have intensified competition in PCs and laptops, pressuring Apple’s positioning in hardware categories like the MacBook Neo. Article Title

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AAPL. Moffett Nathanson boosted their price objective on Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Monness Crespi & Hardt lifted their target price on Apple from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $330.00 price target on shares of Apple in a research note on Monday, March 2nd. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research report on Friday, May 1st. Finally, Citigroup reissued a “buy” rating on shares of Apple in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.31.

Insider Activity

In related news, CEO Timothy D. Cook sold 64,949 shares of the business’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 completion of the transaction, the chief executive officer owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 97,759 shares of company stock valued at $24,964,305 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $315.20 on Wednesday. The business has a 50-day simple moving average of $276.58 and a 200-day simple moving average of $270.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a one year low of $195.07 and a one year high of $315.45. The company has a market cap of $4.63 trillion, a PE ratio of 38.11, a P/E/G ratio of 2.67 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating 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 firm had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter last year, the company earned $1.65 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal 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 given a dividend of $0.27 per share. This is an increase from Apple’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s dividend payout ratio is presently 13.06%.

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.