Verdence Capital Advisors LLC reduced its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,317 shares of the iPhone maker’s stock after selling 3,529 shares during the quarter. Apple makes up about 3.3% of Verdence Capital Advisors LLC’s portfolio, making the stock its largest position. Verdence Capital Advisors LLC’s holdings in Apple were worth $55,002,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Isthmus Partners LLC raised its position in shares of Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock worth $25,000 after acquiring an additional 5,808 shares in the last quarter. Sellwood Investment Partners LLC boosted its position in shares of Apple by 110.9% during the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after purchasing an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its stake in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the period. LSV Asset Management bought a new stake in Apple in the fourth quarter worth approximately $65,000. Finally, 49 Wealth Management LLC increased its holdings in Apple by 15.7% in the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker’s stock worth $76,000 after purchasing an additional 40,543 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Apple Trading Down 0.2%
NASDAQ:AAPL opened at $308.33 on Wednesday. Apple Inc. has a one year low of $195.07 and a one year high of $311.82. The company has a market cap of $4.53 trillion, a PE ratio of 37.28, a PEG ratio of 2.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a 50-day moving average of $271.87 and a 200-day moving average of $269.16.
Apple Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple’s payout ratio is presently 13.06%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on AAPL shares. BNP Paribas Exane upgraded Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price target on the stock in a report on Friday, April 17th. UBS Group set a $296.00 price target on shares of Apple and gave the stock a “neutral” rating in a report on Friday, May 1st. Bank of America reiterated a “buy” rating and set a $380.00 price objective (up from $330.00) on shares of Apple in a report on Tuesday. Evercore reissued an “outperform” rating and set a $365.00 price objective on shares of Apple in a research report on Thursday, May 14th. Finally, Rosenblatt Securities boosted their target price on Apple from $268.00 to $276.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.31.
View Our Latest Research Report on AAPL
Insider Buying and Selling
In related news, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the sale, the chief executive officer directly owned 3,280,418 shares of the company’s stock, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value 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. Over the last three months, insiders have sold 97,759 shares of company stock worth $24,964,305. 0.06% of the stock is owned by corporate insiders.
Apple News Roundup
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Bank of America raised its price target on Apple to $380 from $330 and kept a Buy rating, citing Apple’s positioning in the emerging “agentic AI” smartphone market and possible upside from a redesigned Siri and other AI-driven products. Apple seen as key beneficiary of emerging agentic AI smartphone market, BofA says
- Positive Sentiment: Analysts and market commentary say Apple’s stock hit record highs as AI concerns faded and investors positioned for upcoming WWDC announcements, reinforcing the view that Apple could unlock a new growth cycle. Apple Stock Hits New Record Highs as AI Doubts Begin to Fade
- Positive Sentiment: Apple’s services business remains a strong tailwind, with recent commentary highlighting record Services revenue and continued growth in ads, TV+, sports, and Maps-related monetization. Strong Content & Advertising Aids Apple’s Services: More Upside Ahead?
- Positive Sentiment: Apple shares reached a fresh record near $311.82, pushing its market value toward the $5 trillion mark and signaling strong momentum heading into WWDC. Apple (AAPL) Stock Surges Toward Historic $5 Trillion Valuation
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.
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