Frisch Financial Group Inc. Lowers Holdings in Apple Inc. $AAPL

Frisch Financial Group Inc. decreased its position in Apple Inc. (NASDAQ:AAPL) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,620 shares of the iPhone maker’s stock after selling 3,825 shares during the quarter. Apple accounts for approximately 4.2% of Frisch Financial Group Inc.’s holdings, making the stock its 5th biggest holding. Frisch Financial Group Inc.’s holdings in Apple were worth $18,655,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. L.K. Benson & Company P.C. grew its holdings in Apple by 30.8% during the 4th quarter. L.K. Benson & Company P.C. now owns 4,867 shares of the iPhone maker’s stock worth $1,323,000 after acquiring an additional 1,147 shares during the last quarter. Cedar Wealth Management LLC raised its stake in shares of Apple by 7.4% in the fourth quarter. Cedar Wealth Management LLC now owns 10,857 shares of the iPhone maker’s stock worth $2,952,000 after acquiring an additional 750 shares during the last quarter. Synergy Investment Management LLC lifted its position in shares of Apple by 9.4% during the fourth quarter. Synergy Investment Management LLC now owns 5,871 shares of the iPhone maker’s stock worth $1,596,000 after purchasing an additional 503 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Apple by 7.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 823,738 shares of the iPhone maker’s stock worth $223,936,000 after purchasing an additional 59,273 shares in the last quarter. Finally, Box Hill Private Wealth LLC acquired a new position in shares of Apple during the fourth quarter worth approximately $2,609,000. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $307.34 on Friday. Apple Inc. has a 1-year low of $195.07 and a 1-year high of $316.94. 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 fifty day simple moving average of $281.39 and a 200 day simple moving average of $271.37. The stock has a market capitalization of $4.51 trillion, a PE ratio of 37.16, a P/E/G ratio of 2.71 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released 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. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same period last year, the business earned $1.65 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. On average, research analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a $0.27 dividend. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, May 11th. Apple’s dividend payout ratio (DPR) is 13.06%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s WWDC keynote is expected to highlight a revamped Siri, Apple Intelligence updates, and a broader AI strategy, which could act as a near-term catalyst if the company shows meaningful progress. Will WWDC Drive Apple Stock (AAPL) Higher? Here’s What Analysts Expect
• Positive Sentiment: Analysts remain constructive, with Citi reiterating a Buy and Wedbush reaffirming Outperform with a $400 target, citing Apple’s AI inflection point and resilient iPhone fundamentals. Asiya Merchant Reiterates Buy on Apple, Citing AI Strategy Inflection and Resilient iPhone Fundamentals
• Positive Sentiment: Apple’s App Store update showed $1.4 trillion in sales and billings last year, reinforcing the scale of its Services ecosystem even as most transactions did not carry a commission. Apple touts $1.4 trillion in App Store billings and sales, 90% without a commission
• Positive Sentiment: Foxconn raised its second-quarter outlook, a constructive signal for Apple’s supply chain and iPhone demand, since Foxconn is Apple’s top iPhone assembler. Taiwan’s Foxconn raises guidance for second-quarter outlook
• Neutral Sentiment: Reports that Apple may rely on Google cloud infrastructure and Nvidia chips to power a redesigned Siri suggest the company is prioritizing speed to market, but they also underscore that Apple is leaning on outside partners for its AI push. Apple Taps Google to Prep Siri For September Revamp
• Negative Sentiment: Some coverage warns that Apple still faces a high bar to justify its valuation, and UBS noted decelerating App Store growth could pressure the Services growth story if AI execution disappoints. Investors Should Worry About Apple’s (AAPL) Decelerating App Store Growth, Says UBS

Insider Activity at Apple

In other Apple news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction 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 completion of the transaction, the insider directly 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 document filed with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 30,002 shares of Apple stock in a transaction on 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 transaction, the senior vice president directly owned 136,810 shares of the company’s stock, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of Apple in a research report on Monday. Rosenblatt Securities upped their target price on shares of Apple from $268.00 to $276.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Wedbush reiterated an “outperform” rating and set a $400.00 target price on shares of Apple in a research report on Friday. Barclays reiterated an “underweight” rating and set a $253.00 target price (up from $248.00) on shares of Apple in a research report on Friday, May 1st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.82.

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.