Blue Trust Inc. Sells 3,129 Shares of Apple Inc. $AAPL

Blue Trust Inc. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 170,335 shares of the iPhone maker’s stock after selling 3,129 shares during the period. Apple comprises about 0.5% of Blue Trust Inc.’s investment portfolio, making the stock its 27th biggest position. Blue Trust Inc.’s holdings in Apple were worth $43,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Trust Co. of Oklahoma lifted its stake in Apple by 5.1% during the first quarter. Trust Co. of Oklahoma now owns 69,173 shares of the iPhone maker’s stock worth $17,555,000 after purchasing an additional 3,336 shares during the period. Boyd Wealth Management LLC boosted its holdings in Apple by 13.7% during the first quarter. Boyd Wealth Management LLC now owns 4,726 shares of the iPhone maker’s stock valued at $1,200,000 after purchasing an additional 568 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Apple by 11.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 417,630 shares of the iPhone maker’s stock valued at $105,990,000 after purchasing an additional 43,333 shares during the period. Brown Lisle Cummings Inc. grew its stake in shares of Apple by 0.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 50,016 shares of the iPhone maker’s stock valued at $12,694,000 after purchasing an additional 365 shares during the period. Finally, OP Asset Management Ltd acquired a new position in shares of Apple in the 1st quarter worth approximately $740,967,000. Institutional investors own 67.73% of the company’s stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: The U.S. Supreme Court agreed to hear Apple’s appeal in its Epic Games fight, giving Apple a chance to overturn a contempt ruling tied to App Store payment rules. That reduces, for now, some legal overhang on the stock. US Supreme Court to hear Apple appeal of contempt in Epic Games lawsuit
• Positive Sentiment: Wall Street support for Apple’s AI strategy has improved after reports that its AI overhaul and updated Siri architecture could strengthen the ecosystem and support future hardware upgrades. Why Apple’s WWDC 2026 shows a material positive reset of criticized AI strategy?
• Positive Sentiment: Some analysts say Apple’s recent pullback and seasonal July trends could make the stock attractive again for investors looking for a rebound. Why you need to buy Apple stock in July
• Neutral Sentiment: Apple is reportedly lobbying for approval to buy memory chips from China’s CXMT to ease supply pressure, which could help costs, but it also highlights the depth of the current chip shortage and geopolitical risk. Apple (AAPL) Seeks Blacklisted China Chip Approval As Supplier Breach Raises Risk
• Neutral Sentiment: Reports that Apple raised prices on Macs, iPads and other products due to higher memory costs are a mixed signal: better pricing power, but also margin pressure from AI-driven component inflation. Apple Is Raising Prices Due to Higher Memory Costs. Is the Stock in Trouble?
• Neutral Sentiment: Britain’s regulator is proposing changes that would let app developers steer users to alternative payments outside Apple’s App Store, which could pressure fees if adopted. Apple and Google Urged to Offer Alternative UK Payment Paths
• Negative Sentiment: A new dark-web data leak involving Tata Electronics reportedly exposed iPhone 18 Pro supplier details and prototype information, renewing investor concerns about Apple’s supply chain security and future product secrecy. Apple iPhone 18 Pro supplier list, parts and photos exposed in Tata data leak
• Negative Sentiment: Apple also faces added antitrust pressure in the U.K. and India, keeping App Store fees and regulatory scrutiny in focus for investors. UK targets Apple, Google app store fees for developers

Apple Stock Up 2.7%

Shares of NASDAQ:AAPL opened at $289.36 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm has a market cap of $4.25 trillion, a P/E ratio of 34.99, a P/E/G ratio of 2.45 and a beta of 1.09. Apple Inc. has a 12 month low of $201.50 and a 12 month high of $317.40. The company’s 50-day moving average price is $293.26 and its two-hundred day moving average price is $273.27.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. This is a boost from Apple’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. Apple’s payout ratio is currently 13.06%.

Insider Transactions at Apple

In related news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the sale, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ben Borders sold 1,274 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the sale, the insider directly owned 38,713 shares of the company’s stock, valued at $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 97,875 shares of company stock worth $24,998,541 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on AAPL. KGI Securities downgraded Apple from an “outperform” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Monday, June 22nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research note on Monday, June 8th. Jefferies Financial Group reissued a “hold” rating on shares of Apple in a report on Tuesday, June 9th. UBS Group restated a “buy” rating on shares of Apple in a research note on Tuesday, June 9th. Finally, TD Cowen upped their target price on shares of Apple from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.85.

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.