GR Financial Group LLC Sells 5,922 Shares of Apple Inc. $AAPL

GR Financial Group LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,758 shares of the iPhone maker’s stock after selling 5,922 shares during the period. Apple comprises about 0.8% of GR Financial Group LLC’s portfolio, making the stock its 5th largest position. GR Financial Group LLC’s holdings in Apple were worth $3,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Muhlenkamp & Co. Inc. raised its holdings in shares of Apple by 0.3% during the fourth quarter. Muhlenkamp & Co. Inc. now owns 62,841 shares of the iPhone maker’s stock worth $17,084,000 after acquiring an additional 168 shares during the period. Foundry Financial Group Inc. increased its stake in Apple by 16.4% in the 4th quarter. Foundry Financial Group Inc. now owns 3,459 shares of the iPhone maker’s stock valued at $940,000 after buying an additional 487 shares during the last quarter. Catalyst Financial Partners LLC increased its stake in Apple by 10.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 112,670 shares of the iPhone maker’s stock valued at $30,630,000 after buying an additional 10,278 shares during the last quarter. Moneco Advisors LLC increased its stake in Apple by 10.1% in the 4th quarter. Moneco Advisors LLC now owns 130,648 shares of the iPhone maker’s stock valued at $35,518,000 after buying an additional 11,934 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. increased its stake in Apple by 49.6% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 43,816 shares of the iPhone maker’s stock valued at $11,912,000 after buying an additional 14,528 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on AAPL. Bank of America reiterated a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of Apple in a research note on Tuesday, May 26th. Rosenblatt Securities lifted their price target on shares of Apple from $268.00 to $276.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research note on Wednesday, March 4th. TD Cowen reiterated a “buy” rating and issued a $335.00 price target (up from $325.00) on shares of Apple in a research note on Friday, May 1st. Finally, Moffett Nathanson lifted their price target on shares of Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $312.82.

Apple Stock Performance

Shares of AAPL opened at $311.24 on Friday. The firm has a 50-day moving average of $280.29 and a 200-day moving average of $271.11. Apple Inc. has a one year low of $195.07 and a one year high of $316.94. The company has a market cap of $4.57 trillion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating 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 quarter last year, the firm posted $1.65 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 8.74 earnings per share for the current 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 $0.27 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s payout ratio is 13.06%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investors are looking for WWDC to showcase a major Siri overhaul and new AI features, which could help justify a higher valuation if Apple demonstrates stronger product momentum. Article Title
• Positive Sentiment: Apple’s App Store generated more than $1.4 trillion in developer sales and billings last year, reinforcing the scale and stickiness of its Services ecosystem. Article Title
• Positive Sentiment: Analysts remain constructive on Apple’s AI roadmap and ecosystem strength, with several price-target hikes and Buy calls suggesting upside if the company executes at WWDC. Article Title
• Neutral Sentiment: Apple approved Poke as the first AI agent on its Messages for Business platform, showing early AI adoption inside its messaging ecosystem, but the near-term financial impact appears limited. Article Title
• Neutral Sentiment: Reports that Apple may use Google cloud servers and Nvidia chips to help power Siri signal a faster AI rollout, though they also highlight Apple’s reliance on outside infrastructure. Article Title
• Negative Sentiment: UBS warned that App Store growth is decelerating, which matters because App Store revenue is a key driver of Apple’s high-margin Services segment. Article Title
• Negative Sentiment: Apple agreed to submit India financials in a long-running antitrust case, keeping regulatory risk in focus as authorities move closer to a penalty decision. Article Title

Insider Activity

In related news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated 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 sale, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $421,850.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 97,759 shares of company stock worth $24,964,305. Insiders own 0.06% of the company’s stock.

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.