Apple Inc. $AAPL is Caldwell Trust Co’s Largest Position

Caldwell Trust Co lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,061 shares of the iPhone maker’s stock after selling 1,942 shares during the quarter. Apple comprises about 6.0% of Caldwell Trust Co’s holdings, making the stock its largest holding. Caldwell Trust Co’s holdings in Apple were worth $67,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Isthmus Partners LLC boosted its holdings in 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 during the period. Sellwood Investment Partners LLC boosted its holdings in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares during the period. LSV Asset Management purchased a new position in Apple in the 4th quarter worth approximately $65,000. Finally, 49 Wealth Management LLC boosted its stake in shares of Apple by 15.7% during the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker’s stock valued at $76,000 after buying an additional 40,543 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Apple from $315.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. TD Cowen reiterated a “buy” rating and set a $335.00 target price (up from $325.00) on shares of Apple in a research note on Friday, May 1st. Wells Fargo & Company reiterated an “overweight” rating and set a $310.00 target price (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Barclays reiterated an “underweight” rating and set a $253.00 target price (up from $248.00) on shares of Apple in a research note on Friday, May 1st. Finally, Rosenblatt Securities increased their target price on Apple from $268.00 to $276.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $310.31.

Insider Buying and Selling at Apple

In related news, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at $3,675,650. This represents a 10.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 30,002 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,759 shares of company stock worth $24,964,305 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

AAPL stock opened at $312.51 on Friday. 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 $4.59 trillion, a P/E ratio of 37.79, a P/E/G ratio of 2.71 and a beta of 1.06. Apple Inc. has a 12-month low of $195.07 and a 12-month high of $313.26. The stock’s 50 day simple moving average is $274.19 and its 200 day simple moving average is $269.76.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 146.69% and a net margin of 27.15%.The business’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 EPS. As a group, equities research analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The company also recently declared 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 represents a $1.08 annualized dividend and a dividend yield of 0.3%. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio is currently 13.06%.

Trending Headlines about Apple

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, saying agentic AI could strengthen Apple’s ecosystem and create meaningful new revenue opportunities.
• Positive Sentiment: Multiple reports say Apple is preparing a major Siri overhaul for WWDC, including a new app-like experience designed to compete more directly with ChatGPT-style assistants, which could improve sentiment around Apple’s AI roadmap.
• Positive Sentiment: Analysts and commentary continue to argue that Apple’s installed base, privacy controls, payments, and device ownership give it a strong position if AI assistants become a primary interface for search, commerce, and productivity.
• Neutral Sentiment: Apple’s stock is already near record territory, so some of the optimism around AI and WWDC may already be reflected in the share price.
• Negative Sentiment: Some articles note that Apple is still viewed by parts of the market as an AI laggard versus rivals, and that its valuation is already rich, which could limit upside if WWDC disappoints.

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.