Apple Inc. $AAPL Stock Position Lowered by Farrow Financial Inc.

Farrow Financial Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 6.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 26,762 shares of the iPhone maker’s stock after selling 1,817 shares during the period. Apple makes up about 3.9% of Farrow Financial Inc.’s portfolio, making the stock its 7th biggest holding. Farrow Financial Inc.’s holdings in Apple were worth $6,792,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. Warburton Capital Management LLC increased its holdings in Apple by 9.5% in the 1st quarter. Warburton Capital Management LLC now owns 9,382 shares of the iPhone maker’s stock valued at $2,443,000 after purchasing an additional 817 shares in the last quarter. Granite Bay Wealth Management LLC lifted its stake in shares of Apple by 7.9% during the first quarter. Granite Bay Wealth Management LLC now owns 40,448 shares of the iPhone maker’s stock worth $10,267,000 after purchasing an additional 2,961 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of Apple by 4.9% in the first quarter. Simplicity Wealth LLC now owns 107,322 shares of the iPhone maker’s stock worth $27,237,000 after buying an additional 5,018 shares during the period. Candriam S.C.A. grew its stake in shares of Apple by 4.5% in the first quarter. Candriam S.C.A. now owns 3,503,348 shares of the iPhone maker’s stock valued at $889,115,000 after buying an additional 149,720 shares in the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. grew its stake in shares of Apple by 11.5% in the first quarter. Beacon Harbor Wealth Advisors Inc. now owns 33,387 shares of the iPhone maker’s stock valued at $8,473,000 after buying an additional 3,456 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent research reports. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $250.00 price target on the stock. in a research report on Tuesday, July 14th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research note on Monday, June 8th. Bank of America reissued a “buy” rating and set a $380.00 target price on shares of Apple in a research report on Thursday, June 18th. Finally, BNP Paribas Exane upgraded shares of Apple from a “neutral” rating to an “outperform” rating and set a $300.00 target price for the company in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $327.40.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,226,770. This trade represents a 3.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

Key Headlines Impacting 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.

Apple Price Performance

AAPL stock opened at $333.02 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Apple Inc. has a 52-week low of $201.50 and a 52-week high of $334.99. The stock’s 50 day moving average is $306.62 and its two-hundred day moving average is $279.01. The company has a market capitalization of $4.89 trillion, a PE ratio of 40.27, a P/E/G ratio of 2.88 and a beta of 1.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating 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 company had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same period in the prior year, the business posted $1.65 EPS. The business’s revenue was up 16.6% on a year-over-year basis. Analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid a dividend of $0.27 per share. This is a positive change from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. 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.