Apple Inc. $AAPL is Solstein Capital LLC’s 2nd Largest Position

Solstein Capital LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 10.9% in the 4th quarter, HoldingsChannel reports. The firm owned 59,068 shares of the iPhone maker’s stock after selling 7,259 shares during the quarter. Apple makes up 6.2% of Solstein Capital LLC’s holdings, making the stock its 2nd biggest holding. Solstein Capital LLC’s holdings in Apple were worth $16,058,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Integrity Investment Advisors LLC boosted its stake in shares of Apple by 403.4% in the fourth quarter. Integrity Investment Advisors LLC now owns 23,160 shares of the iPhone maker’s stock valued at $6,296,000 after purchasing an additional 18,559 shares during the period. Asset Allocation Strategies LLC boosted its stake in shares of Apple by 1.6% in the fourth quarter. Asset Allocation Strategies LLC now owns 7,747 shares of the iPhone maker’s stock valued at $2,106,000 after purchasing an additional 120 shares during the period. Tudor Financial Inc. boosted its stake in shares of Apple by 1.6% in the fourth quarter. Tudor Financial Inc. now owns 10,630 shares of the iPhone maker’s stock valued at $2,890,000 after purchasing an additional 166 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of Apple by 33.4% in the fourth quarter. Wealthspire Advisors LLC now owns 590,564 shares of the iPhone maker’s stock valued at $160,551,000 after purchasing an additional 147,930 shares during the period. Finally, Atalanta Sosnoff Capital LLC boosted its stake in shares of Apple by 2.8% in the fourth quarter. Atalanta Sosnoff Capital LLC now owns 1,444,610 shares of the iPhone maker’s stock valued at $392,732,000 after purchasing an additional 39,213 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Down 1.5%

Shares of Apple stock opened at $291.13 on Friday. Apple Inc. has a 52-week low of $195.07 and a 52-week high of $317.40. The company has a 50 day moving average of $285.64 and a 200 day moving average of $272.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $4.28 trillion, a P/E ratio of 35.20, a P/E/G ratio of 2.57 and a beta of 1.09.

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 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 in the previous year, the firm earned $1.65 earnings per share. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 8.75 EPS 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 issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. 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 0.4%. Apple’s dividend payout ratio is 13.06%.

Insider Activity at Apple

In other Apple news, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 97,759 shares of company stock worth $24,964,305 in the last ninety days. Company 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: Apple’s Services business posted record revenue in the fiscal second quarter, supported by ecosystem growth, AI-related updates, and its huge installed device base. Apple Continues to Expand Services Business: What’s the Path Ahead?
• Positive Sentiment: Several commentators said Apple still has strong fundamentals, including a solid balance sheet, loyal customer base, and products investors continue to love, which supports the long-term bull case. Jim Cramer on Apple: “It Still Has Products We All Love”
• Positive Sentiment: Analysts at Erste Group Bank raised their earnings estimates for Apple, signaling expectations for steady profit growth over the next two fiscal years. Apple earnings estimate update
• Neutral Sentiment: Apple’s WWDC announcements showed a clearer AI roadmap, including next-generation Siri features and device software updates, but the market appears to be waiting for stronger evidence that these changes will drive meaningful revenue growth. Apple Unveils Siri AI. Here’s Why It’s Not Impressing Investors
• Neutral Sentiment: Some coverage suggested Apple’s AI launch could help the stock over time, but it may take more than Siri upgrades alone to restore investor enthusiasm. Apple Just Gave Investors a Glimpse of Is AI Future at WWDC. It May Take More to Revive AAPL Stock.
• Negative Sentiment: Investors are worried Apple’s AI ambitions are colliding with a memory-cost crunch, creating pricing pressure that could weigh on margins. Apple Faces a No-Win Pricing Dilemma. Should Investors Be Worried?
• Negative Sentiment: Multiple reports say the market was disappointed that Apple’s Siri AI reveal did not feel like a big enough breakthrough to justify a sharper rerating of the stock. Apple’s AI News Underwhelms. Siri AI Release Concerns Persist.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Evercore reissued an “outperform” rating on shares of Apple in a research note on Monday. Citigroup reiterated a “buy” rating on shares of Apple in a research note on Monday, June 1st. Robert W. Baird set a $310.00 price target on shares of Apple in a research note on Friday, May 1st. Maxim Group reiterated a “buy” rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research note on Tuesday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $314.59.

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.