Apple Inc. $AAPL Position Decreased by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 284,356 shares of the iPhone maker’s stock after selling 9,843 shares during the period. Apple comprises about 4.0% of Osborne Partners Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Osborne Partners Capital Management LLC’s holdings in Apple were worth $77,305,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Highview Capital Management LLC DE increased its stake in shares of Apple by 11.8% during the fourth quarter. Highview Capital Management LLC DE now owns 56,998 shares of the iPhone maker’s stock worth $15,495,000 after buying an additional 6,029 shares during the period. Brighton Jones LLC increased its stake in Apple by 5.9% in the fourth quarter. Brighton Jones LLC now owns 565,008 shares of the iPhone maker’s stock valued at $153,603,000 after purchasing an additional 31,280 shares during the last quarter. Legacy Advisors LLC increased its stake in Apple by 8.0% in the fourth quarter. Legacy Advisors LLC now owns 126,601 shares of the iPhone maker’s stock valued at $34,418,000 after purchasing an additional 9,342 shares during the last quarter. Bolthouse Investments LLC increased its stake in Apple by 1.5% in the fourth quarter. Bolthouse Investments LLC now owns 22,406 shares of the iPhone maker’s stock valued at $6,091,000 after purchasing an additional 324 shares during the last quarter. Finally, MontVue Capital Management Inc. increased its stake in Apple by 1.7% in the fourth quarter. MontVue Capital Management Inc. now owns 2,830 shares of the iPhone maker’s stock valued at $769,000 after purchasing an additional 48 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of AAPL opened at $300.23 on Monday. 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 firm has a market cap of $4.41 trillion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 2.61 and a beta of 1.06. The company’s 50 day simple moving average is $265.37 and its 200-day simple moving average is $267.47. Apple Inc. has a 12-month low of $193.46 and a 12-month high of $303.20.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion for 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%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. As a group, equities analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple’s payout ratio is 13.06%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s post-earnings rally continues after the company posted record quarterly revenue and EPS, boosted its dividend, and authorized a fresh $100 billion buyback. Analysts say the results support further upside and have raised price targets. Apple Stock Hits All-Time High as Post-Earnings Rally Continues
• Positive Sentiment: Evercore ISI lifted its price target on Apple to $365 and said a bull-case scenario could reach $500, citing compounding growth from Services and Apple’s ability to keep expanding free cash flow. Evercore ISI Hikes Apple Price Target to $365
• Positive Sentiment: Investor sentiment is being helped by reports that iPhone demand remains strong globally, plus Soros Fund Management reportedly boosted its Apple position during the quarter. George Soros’s fund buys Berkshire Hathaway stock — now that Buffett is gone
• Positive Sentiment: Apple reportedly cut iPhone 17 prices in China ahead of the 618 shopping festival, which could help support unit sales in a key market. Apple Cuts iPhone 17 Prices in China
• Neutral Sentiment: OpenAI is considering legal action over its strained ChatGPT partnership with Apple, which adds uncertainty around Apple’s AI strategy and could weigh on sentiment if the dispute escalates. OpenAI explores legal options against Apple
• Neutral Sentiment: Reports that Anthropic’s Mythos AI found vulnerabilities in Apple’s macOS/iOS are a reminder of ongoing security scrutiny, but the news is more reputational than fundamentally financial for now. Anthropic’s Mythos Helped Find Bugs in Apple’s Desktop Operating System

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 30,002 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAPL. Moffett Nathanson increased 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. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research note on Friday, January 30th. Stephens set a $315.00 price target on shares of Apple in a research note on Monday, January 26th. Robert W. Baird set a $310.00 price target on shares of Apple in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Apple from $315.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $308.74.

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.