Midland Wealth Advisors LLC Sells 7,293 Shares of Apple Inc. $AAPL

Midland Wealth Advisors LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,576 shares of the iPhone maker’s stock after selling 7,293 shares during the period. Apple accounts for about 0.8% of Midland Wealth Advisors LLC’s holdings, making the stock its 18th biggest position. Midland Wealth Advisors LLC’s holdings in Apple were worth $15,109,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AAPL. Overbrook Management Corp raised its position in shares of Apple by 57.4% in the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock valued at $28,449,000 after purchasing an additional 38,174 shares during the period. Citizens Financial Group Inc. RI raised its position in shares of Apple by 48.4% in the third quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker’s stock valued at $363,256,000 after purchasing an additional 465,393 shares during the period. Tufton Capital Management raised its position in shares of Apple by 4.3% in the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock valued at $25,496,000 after purchasing an additional 4,157 shares during the period. Montis Financial LLC raised its position in shares of Apple by 15.8% in the third quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker’s stock valued at $19,841,000 after purchasing an additional 10,640 shares during the period. Finally, KBC Group NV raised its position in shares of Apple by 3.1% in the fourth quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock valued at $1,915,172,000 after purchasing an additional 214,215 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $292.68 on Tuesday. The company has a 50 day moving average of $262.63 and a 200 day moving average of $266.47. The stock has a market cap of $4.30 trillion, a P/E ratio of 35.39, a P/E/G ratio of 2.55 and a beta of 1.06. Apple Inc. has a 12 month low of $193.46 and a 12 month high of $294.76. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 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 analysts’ expectations 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 in the previous year, the company earned $1.65 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio is presently 12.58%.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the transaction, the chief executive officer owned 3,280,418 shares of the company’s stock, valued at $833,980,668.14. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O’brien sold 30,002 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 136,810 shares of the company’s stock, valued at approximately $34,934,433.50. This 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 a total of 96,485 shares of company stock valued at $24,594,845 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research reports. Rosenblatt Securities boosted their price target on shares of Apple from $268.00 to $276.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Moffett Nathanson boosted their price target on shares of Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Bank of America boosted their price target on shares of Apple from $320.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. TD Cowen reaffirmed a “buy” rating and set a $335.00 price objective (up from $325.00) on shares of Apple in a research note on Friday, May 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $305.74.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s latest earnings showed record-like strength, with revenue and EPS beating estimates and iPhone sales surging, reinforcing confidence in the company’s core business and margin profile.
• Positive Sentiment: Apple is being viewed more favorably on AI and product innovation, with analysts and commentators highlighting a coming WWDC catalyst, deeper AI integration, and potential new growth from wearables, Vision products, and smart glasses.
• Positive Sentiment: Reports that Apple may use Intel for some chip production could be seen as strategically positive because it reduces reliance on a single supplier and may improve long-term supply-chain resilience. Article Title
• Positive Sentiment: Apple’s pricing power remains intact, as it reportedly raised the Mac mini’s starting price while still seeing strong demand and backorders, suggesting healthy interest in its hardware lineup.
• Neutral Sentiment: Apple will pay its quarterly dividend today, which supports the stock’s income appeal but is not likely a major near-term share-price driver.
• Negative Sentiment: Director Arthur Levinson’s $71 million stock sale may temper enthusiasm a bit, since insider selling near highs can signal management caution or profit-taking.
• Negative Sentiment: Some coverage warns that Apple’s stock may be getting stretched after its run-up, and rising component costs could pressure future margins if consumer hardware pricing becomes harder to manage.

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.