Apple Inc. $AAPL Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. trimmed its position in Apple Inc. (NASDAQ:AAPL) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 340,060 shares of the iPhone maker’s stock after selling 29,220 shares during the period. Apple comprises about 3.7% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 6th largest holding. Nippon Life Global Investors Americas Inc.’s holdings in Apple were worth $86,589,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AAPL. ROSS JOHNSON & Associates LLC raised its stake in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares during the last quarter. Nexus Investment Management ULC boosted its stake in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Apple during the fourth quarter worth $65,000. Morgan Dempsey Capital Management LLC raised its position in shares of Apple by 41.0% in the second quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker’s stock valued at $88,000 after buying an additional 125 shares during the last quarter. Finally, HFM Investment Advisors LLC acquired a new stake in shares of Apple in the first quarter valued at about $99,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

NASDAQ:AAPL opened at $261.73 on Friday. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62. The stock’s fifty day moving average is $267.08 and its two-hundred day moving average is $255.22. The company has a market capitalization of $3.84 trillion, a P/E ratio of 33.09, a P/E/G ratio of 2.46 and a beta of 1.09. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. The business had revenue of $143.76 billion during the quarter, compared to analysts’ expectations of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 EPS. Equities analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple’s payout ratio is 13.15%.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple posted stronger-than-expected quarterly results and continued iPhone strength, which underpins revenue and margin resilience. Here’s Why Apple’s Stock Dropped 5% Today
• Positive Sentiment: Bernstein raised its price target and bullish analyst notes highlight Apple’s AI roadmap and services upside, offering a longer-term constructive view. Sanford C. Bernstein Raises Apple Price Target to $340.00
• Positive Sentiment: Apple bought full rights to the hit show “Severance” and will produce future seasons in-house — a strategic push for Apple TV+ that can boost content control and margins long term. Apple acquires all rights to Severance, will produce future seasons in-house
• Neutral Sentiment: Vision Pro added YouTube, which improves platform utility, but VR demand is reported to be cooling — a mixed signal for device adoption and services monetization. Apple’s Vision Pro Gets YouTube, but VR Demand Keeps Sliding
• Negative Sentiment: Multiple reports say Apple’s major Siri AI upgrade has run into testing problems and will be delayed, undermining near-term AI momentum and stoking investor concern about execution. Apple has worst day since April as company faces FTC scrutiny, Siri delay reports
• Negative Sentiment: The FTC has publicly raised concerns about alleged bias in Apple News and asked CEO Tim Cook to review curation policies, adding regulatory risk and political headlines that can pressure shares. US FTC airs concerns over allegations that Apple suppresses right-wing content on Apple News
• Negative Sentiment: Wider market AI fears and reports that investors are marking down Apple’s valuation led to an estimated ~$200B market-cap hit as funds rotate away from megacap AI exposure. Apple sees $200 billion market-cap wipeout as stock slides on AI fears

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Apple from $270.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. TD Cowen restated a “buy” rating and issued a $325.00 price target on shares of Apple in a research report on Friday, January 30th. Citigroup reaffirmed a “buy” rating and issued a $315.00 price target (down previously from $330.00) on shares of Apple in a report on Tuesday, January 20th. Jefferies Financial Group set a $276.47 price objective on Apple and gave the stock a “hold” rating in a research note on Monday, January 26th. Finally, Wells Fargo & Company set a $300.00 target price on Apple and gave the stock an “overweight” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.13.

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.