Relyea Zuckerberg Hanson LLC Sells 14,507 Shares of Apple Inc. $AAPL

Relyea Zuckerberg Hanson LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,130 shares of the iPhone maker’s stock after selling 14,507 shares during the quarter. Apple comprises approximately 2.1% of Relyea Zuckerberg Hanson LLC’s portfolio, making the stock its 10th biggest holding. Relyea Zuckerberg Hanson LLC’s holdings in Apple were worth $20,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Norges Bank acquired a new stake in shares of Apple in the fourth quarter valued at about $52,266,468,000. Nuveen LLC acquired a new position in Apple during the first quarter worth about $17,472,482,000. Cardano Risk Management B.V. increased its holdings in Apple by 890.7% in the fourth quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock valued at $11,413,990,000 after buying an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC increased its holdings in Apple by 20,464.8% in the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after buying an additional 26,937,401 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Ford said it will embed Apple Maps into upcoming EVs, expanding Apple’s software reach and reinforcing the value of its ecosystem. Ford Embeds Apple Maps Directly into Upcoming EVs
• Positive Sentiment: Baird raised its price target on Apple and reiterated an Outperform rating, adding to bullish analyst momentum. Finviz
• Positive Sentiment: Commentary highlighted Apple as outperforming the broader market, supported by strong ratings and a favorable chart setup ahead of earnings. Why is Apple stock outperforming the broader market?
• Neutral Sentiment: Apple was also the subject of discussion around upcoming product launches, AI features, and a possible device-leasing program, which could support demand but remain unconfirmed or longer-term in nature.
• Negative Sentiment: Some reports noted concerns that Apple’s valuation is stretched heading into earnings, and insider sales plus short-interest chatter may temper enthusiasm if results disappoint.

Apple Stock Up 3.5%

AAPL opened at $333.02 on Friday. The firm has a market cap of $4.89 trillion, a P/E ratio of 40.27, a PEG ratio of 2.78 and a beta of 1.10. The business’s fifty day simple moving average is $306.62 and its 200 day simple moving average is $279.01. Apple Inc. has a 52 week low of $201.50 and a 52 week high of $334.99. 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 announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. The firm had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.65 EPS. As a group, equities research analysts anticipate that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. 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 presently 13.06%.

Analysts Set New Price Targets

AAPL has been the topic of several research analyst reports. Morgan Stanley set a $364.00 price target on Apple and gave the stock an “overweight” rating in a research note on Thursday. Citigroup reaffirmed a “buy” rating and issued a $365.00 price objective (up from $315.00) on shares of Apple in a research note on Monday, July 13th. Robert W. Baird lifted their price objective on Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Raymond James Financial set a $380.00 target price on Apple in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $327.40.

Insider Buying and Selling at Apple

In other news, insider Ben Borders sold 1,274 shares of the business’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 value of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares of the company’s stock, valued at $11,226,770. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

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.