Duncker Streett & Co. Inc. Trims Stock Holdings in Apple Inc. $AAPL

Duncker Streett & Co. Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 11.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 80,608 shares of the iPhone maker’s stock after selling 10,762 shares during the quarter. Apple makes up 3.9% of Duncker Streett & Co. Inc.’s holdings, making the stock its 2nd biggest holding. Duncker Streett & Co. Inc.’s holdings in Apple were worth $20,457,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Apple by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after buying an additional 26,856,752 shares during the last quarter. State Street Corp increased its position in Apple by 1.1% during the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock valued at $164,218,801,000 after acquiring an additional 6,555,392 shares during the last quarter. Geode Capital Management LLC increased its position in Apple by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock valued at $97,031,587,000 after acquiring an additional 1,866,103 shares during the last quarter. Morgan Stanley raised its stake in shares of Apple by 0.6% in the fourth quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock valued at $62,659,118,000 after acquiring an additional 1,379,651 shares during the period. Finally, Norges Bank bought a new stake in shares of Apple in the 4th quarter worth about $52,266,468,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple Intelligence reportedly received regulatory approval in China, potentially opening the door for a major new AI growth catalyst in one of Apple’s most important markets. Apple Intelligence Just Got the Green Light in China. What That Means for AAPL Stock.
• Positive Sentiment: Bank of America and Morgan Stanley both reiterated constructive views on Apple (AAPL) ahead of July 30 earnings, with analysts saying the company should beat Q3 expectations and that long-term AI and silicon strategy supports upside. BofA Analyst Sees Apple Beating Estimates in Q3 Results Apple’s Long-Term AI and Silicon Strategy Underpins Buy Rating and Unchanged $360 Price Target
• Positive Sentiment: Apple briefly overtook Nvidia in market value and reclaimed the “world’s most valuable company” crown, underscoring strong investor demand for its lower-capex AI strategy and durable cash generation. Apple Reclaims World’s Most Valuable Company Title at $4.9 Trillion
• Positive Sentiment: Several upbeat commentary pieces argue Apple’s AI approach avoids the massive infrastructure spending weighing on peers, while China partnership news with Alibaba could strengthen the company’s consumer AI strategy. Why Is Alibaba Stock Gaining Monday?
• Neutral Sentiment: Some articles highlight that Apple’s stock is near record highs and may be flashing technical warning signals after a strong run, suggesting traders may be cautious into earnings. Apple Stock Sends Major Warning Signal as Momentum Hits Peak Apple stock’s 12-day momentum triggers sell signal not seen since 2020
• Negative Sentiment: Investors are also weighing legal risk from Apple’s lawsuit against OpenAI, which could signal rising competition in AI hardware and add uncertainty around Apple’s broader AI ambitions. Apple’s Sues OpenAI, But Leaves Jony Ives Out of It. Here’s Why

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Monness Crespi & Hardt upped their target price on Apple from $315.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, May 1st. UBS Group set a $250.00 target price on Apple in a research note on Tuesday, July 14th. TD Cowen increased their price target on Apple from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, DA Davidson restated a “neutral” rating and set a $270.00 price objective on shares of Apple in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $322.43.

Apple Trading Down 2.1%

NASDAQ AAPL opened at $326.59 on Tuesday. Apple Inc. has a one year low of $201.50 and a one year high of $334.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market capitalization of $4.80 trillion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 2.90 and a beta of 1.10. The company’s 50-day simple moving average is $304.29 and its two-hundred day simple moving average is $277.50.

Apple (NASDAQ:AAPL) last announced its quarterly 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 net margin of 27.15% and a return on equity of 146.69%. The firm had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. Equities analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio is presently 13.06%.

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 116 shares of Apple stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $3,675,650. The trade was a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,924 shares of company stock valued at $825,546 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

About Apple

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.