Advisors Management Group Inc. ADV Cuts Holdings in Apple Inc. $AAPL

Advisors Management Group Inc. ADV lowered its position in Apple Inc. (NASDAQ:AAPL) by 18.4% in the first quarter, HoldingsChannel reports. The fund owned 32,491 shares of the iPhone maker’s stock after selling 7,304 shares during the quarter. Apple accounts for about 1.5% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 18th largest position. Advisors Management Group Inc. ADV’s holdings in Apple were worth $8,245,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lifetime Wealth Management P.C. purchased a new stake in Apple during the 4th quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC boosted its stake in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Timmons Wealth Management LLC purchased a new stake in shares of Apple during the fourth quarter worth $69,000. LSV Asset Management acquired a new stake in shares of Apple in the fourth quarter valued at about $65,000. Finally, Inspire Investing LLC acquired a new stake in shares of Apple in the fourth quarter valued at about $76,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ben Borders sold 1,274 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was 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 approximately $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Ford said it will embed Apple Maps into upcoming EVs, expanding Apple’s software reach and reinforcing the value of its ecosystem. Ford Embeds Apple Maps Directly into Upcoming EVs
• Positive Sentiment: Baird raised its price target on Apple and reiterated an Outperform rating, adding to bullish analyst momentum. Finviz
• Positive Sentiment: Commentary highlighted Apple as outperforming the broader market, supported by strong ratings and a favorable chart setup ahead of earnings. Why is Apple stock outperforming the broader market?
• Neutral Sentiment: Apple was also the subject of discussion around upcoming product launches, AI features, and a possible device-leasing program, which could support demand but remain unconfirmed or longer-term in nature.
• Negative Sentiment: Some reports noted concerns that Apple’s valuation is stretched heading into earnings, and insider sales plus short-interest chatter may temper enthusiasm if results disappoint.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AAPL. Barclays restated an “underweight” rating on shares of Apple in a research report on Tuesday, June 9th. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Apple in a research note on Wednesday, July 15th. Rosenblatt Securities restated a “neutral” rating and set a $276.00 target price on shares of Apple in a report on Tuesday, June 9th. Finally, Maxim Group restated a “buy” rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $327.40.

Apple Price Performance

Apple stock opened at $333.02 on Friday. 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 company has a 50-day moving average price of $306.62 and a 200 day moving average price of $279.01. Apple Inc. has a 12-month low of $201.50 and a 12-month high of $334.99. The stock has a market cap of $4.89 trillion, a P/E ratio of 40.27, a PEG ratio of 2.88 and a beta of 1.10.

Apple (NASDAQ:AAPL) last posted 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 company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same period in the previous year, the business posted $1.65 EPS. Apple’s revenue was up 16.6% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a $0.27 dividend. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, May 11th. Apple’s payout ratio is currently 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.