International Assets Investment Management LLC Sells 4,898 Shares of Apple Inc. $AAPL

International Assets Investment Management LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 1.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 346,233 shares of the iPhone maker’s stock after selling 4,898 shares during the quarter. Apple comprises 1.9% of International Assets Investment Management LLC’s portfolio, making the stock its 5th largest position. International Assets Investment Management LLC’s holdings in Apple were worth $81,362,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Lifetime Wealth Management P.C. purchased a new position in shares of Apple in the 4th quarter worth $41,000. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares during the period. Timmons Wealth Management LLC purchased a new stake in Apple during the fourth quarter valued at about $69,000. LSV Asset Management acquired a new stake in Apple during the fourth quarter worth about $65,000. Finally, Inspire Investing LLC acquired a new stake in Apple during the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Trending Headlines about 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 Performance

Apple stock opened at $333.02 on Monday. The firm has a market capitalization of $4.89 trillion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.88 and a beta of 1.10. Apple Inc. has a one year low of $201.50 and a one year high of $334.99. The stock’s 50 day moving average price is $306.62 and its 200 day moving average price is $279.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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 company 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%. Apple’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $1.65 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 annualized dividend 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 currently 13.06%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AAPL shares. Tigress Financial reaffirmed a “strong-buy” rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. DA Davidson reissued a “neutral” rating and set a $270.00 target price on shares of Apple in a research report on Friday, May 1st. Wedbush restated an “outperform” rating and issued a $400.00 price target on shares of Apple in a report on Friday, June 5th. Wells Fargo & Company reiterated an “overweight” rating and set a $310.00 price objective (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Finally, Bank of America reissued a “buy” rating and issued a $380.00 target price on shares of Apple in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $327.40.

Insiders Place Their Bets

In related news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company’s stock.

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.