Seamount Financial Group Inc. Decreases Stock Position in Apple Inc. $AAPL

Seamount Financial Group Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,795 shares of the iPhone maker’s stock after selling 2,018 shares during the quarter. Apple accounts for about 6.4% of Seamount Financial Group Inc.’s investment portfolio, making the stock its largest position. Seamount Financial Group Inc.’s holdings in Apple were worth $14,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AAPL. Physician Wealth Advisors Inc. increased its stake in shares of Apple by 0.5% in the first quarter. Physician Wealth Advisors Inc. now owns 62,645 shares of the iPhone maker’s stock worth $15,899,000 after purchasing an additional 340 shares in the last quarter. Able Wealth Management LLC lifted its stake in shares of Apple by 1,377.5% during the 1st quarter. Able Wealth Management LLC now owns 17,538 shares of the iPhone maker’s stock valued at $4,451,000 after buying an additional 16,351 shares in the last quarter. Heritage Oak Wealth Advisors LLC lifted its stake in shares of Apple by 6.2% during the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 17,478 shares of the iPhone maker’s stock valued at $4,436,000 after buying an additional 1,023 shares in the last quarter. TSG Advice Partners LLC boosted its holdings in Apple by 3.2% in the 1st quarter. TSG Advice Partners LLC now owns 66,812 shares of the iPhone maker’s stock worth $16,956,000 after buying an additional 2,098 shares during the period. Finally, Center for Wealth Management Advisory boosted its holdings in Apple by 0.4% in the 1st quarter. Center for Wealth Management Advisory now owns 15,584 shares of the iPhone maker’s stock worth $3,955,000 after buying an additional 66 shares during the period. 67.73% of the stock is currently owned by institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Citi raised its price target on Apple to $365 from $315 and kept a Buy rating, saying Apple should keep gaining market share and may benefit from premium iPhone demand, selective price increases, and an upcoming iPhone 18 launch as a catalyst. Article Title
• Positive Sentiment: Several reports highlighted Apple’s stock hitting record highs, with analysts arguing the company is benefiting from relative restraint on AI spending versus peers and that investors still see more upside after the recent rally. Article Title
• Positive Sentiment: Apple was also tied to a reported acquisition of open-source observability developer SigScalr, which could support its internal data and software tooling efforts. Article Title
• Neutral Sentiment: News that Apple sued OpenAI over alleged trade-secret theft is generating headlines and could help Apple strategically if it protects future AI hardware plans, but it also adds legal uncertainty and keeps pressure on the company’s AI narrative. Article Title
• Neutral Sentiment: Commentary around Apple’s AI strategy, including reports that it may accelerate chip releases, reflects investor focus on whether the company can keep up in AI-enabled hardware without ramping spending as aggressively as rivals. Article Title
• Negative Sentiment: The OpenAI lawsuit could intensify Apple’s legal battles, including renewed scrutiny of App Store fees and broader competitive risks, which may create headline volatility even if the core business remains strong. Article Title

Apple Stock Performance

NASDAQ AAPL opened at $317.31 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a 1-year low of $201.50 and a 1-year high of $323.45. The business has a 50 day simple moving average of $300.47 and a two-hundred day simple moving average of $275.60. The stock has a market capitalization of $4.66 trillion, a PE ratio of 38.37, a P/E/G ratio of 2.74 and a beta of 1.10.

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, topping the consensus estimate of $1.95 by $0.06. The business had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. On average, research analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple’s payout ratio is currently 13.06%.

Insiders Place Their Bets

In other news, insider Ben Borders sold 116 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of the company’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 sale, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,924 shares of company stock worth $825,546. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on AAPL. Jefferies Financial Group reissued a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Evercore reaffirmed an “outperform” rating on shares of Apple in a research note on Wednesday, July 8th. KGI Securities cut Apple from an “outperform” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Monday, June 22nd. Morgan Stanley reissued an “overweight” rating on shares of Apple in a research note on Friday, June 26th. Finally, Maxim Group reissued a “buy” rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. One 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $316.32.

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.