Apple Inc. $AAPL Shares Sold by St. Clair Advisors LLC

St. Clair Advisors LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,796 shares of the iPhone maker’s stock after selling 2,429 shares during the period. Apple comprises 5.5% of St. Clair Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. St. Clair Advisors LLC’s holdings in Apple were worth $20,759,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ferguson Shapiro LLC increased its holdings in Apple by 22.5% during the 1st quarter. Ferguson Shapiro LLC now owns 24,931 shares of the iPhone maker’s stock worth $6,327,000 after purchasing an additional 4,586 shares in the last quarter. SMART Wealth LLC boosted its holdings in Apple by 20.0% during the 1st quarter. SMART Wealth LLC now owns 16,375 shares of the iPhone maker’s stock worth $4,156,000 after acquiring an additional 2,724 shares during the last quarter. KOM Wealth Management Group LLC boosted its holdings in Apple by 3.1% during the 1st quarter. KOM Wealth Management Group LLC now owns 3,097 shares of the iPhone maker’s stock worth $786,000 after acquiring an additional 92 shares during the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of Apple by 0.6% in the 1st quarter. Premier Path Wealth Partners LLC now owns 153,212 shares of the iPhone maker’s stock worth $38,884,000 after acquiring an additional 894 shares in the last quarter. Finally, Foundry Financial Group Inc. grew its stake in shares of Apple by 14.6% in the 1st quarter. Foundry Financial Group Inc. now owns 3,963 shares of the iPhone maker’s stock worth $1,006,000 after acquiring an additional 504 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,924 shares of company stock worth $825,546. Corporate insiders own 0.06% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new lawsuit against OpenAI could help protect its hardware roadmap and reinforce its control over proprietary technology, which may support its long-term competitive position. Reuters: Apple sues OpenAI, two former employees for trade secrets theft
• Positive Sentiment: Recent headlines around Apple’s expanded multi-year chip deal with Broadcom continue to boost sentiment, since the agreement strengthens Apple’s supply chain, supports U.S. manufacturing, and deepens its custom silicon strategy. Yahoo Finance: Apple Secures Largest Ever US Chip Deal With Broadcom For $30 Billion
• Neutral Sentiment: Apple was also named among approved U.S. companies eligible for license-free exports under eased UAE trade rules, which is supportive for international operations but not clearly a near-term stock catalyst. Quiver Quant: U.S. eases export controls on UAE
• Neutral Sentiment: Short-interest data showed no meaningful change, suggesting today’s move is being driven more by news flow than by a shift in bearish positioning.
• Negative Sentiment: The OpenAI lawsuit also highlights that Apple’s relationship with a major AI player has soured, adding uncertainty around future AI partnerships and potentially distracting management with litigation. Financial Times: Apple sues OpenAI, alleging it stole top-secret information

Apple Stock Down 0.3%

AAPL opened at $315.32 on Friday. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $317.40. The company’s 50-day moving average price is $299.55 and its two-hundred day moving average price is $275.26. The stock has a market cap of $4.63 trillion, a price-to-earnings ratio of 38.13, a PEG ratio of 2.75 and a beta of 1.10. 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 (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. As a group, equities analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a $0.27 dividend. This is an increase 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 of this dividend was Monday, May 11th. Apple’s dividend payout ratio (DPR) is 13.06%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Apple in a research report on Friday, June 26th. KeyCorp reiterated a “sector weight” rating on shares of Apple in a research note on Tuesday, June 9th. Maxim Group reissued a “buy” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. BNP Paribas Exane upgraded Apple from a “neutral” rating to an “outperform” rating and set a $300.00 target price on the stock in a research note on Friday, April 17th. Finally, Monness Crespi & Hardt increased their price target on Apple from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $314.85.

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.