Legacy CG LLC Sells 2,067 Shares of Apple Inc. $AAPL

Legacy CG LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,707 shares of the iPhone maker’s stock after selling 2,067 shares during the quarter. Legacy CG LLC’s holdings in Apple were worth $5,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Isthmus Partners LLC boosted its position in shares of Apple by 6.4% during the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock worth $25,000 after purchasing an additional 5,808 shares in the last quarter. Sellwood Investment Partners LLC boosted its position in shares of Apple by 110.9% during the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after purchasing an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC raised its holdings in shares of Apple by 1,800.0% during the first 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 acquired a new stake in shares of Apple during the fourth quarter worth $65,000. Finally, 49 Wealth Management LLC raised its holdings in shares of Apple by 15.7% during the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker’s stock worth $76,000 after acquiring an additional 40,543 shares during the period. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AAPL shares. Bank of America raised their price objective on shares of Apple from $320.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Robert W. Baird set a $310.00 price objective on shares of Apple in a report on Friday, May 1st. KeyCorp restated a “sector weight” rating on shares of Apple in a report on Thursday, March 12th. BNP Paribas Exane upgraded shares of Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price objective on the stock in a report on Friday, April 17th. Finally, Evercore restated an “outperform” rating on shares of Apple in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.74.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s upcoming WWDC is seen as a major catalyst that could reset investor expectations around its AI roadmap and support another leg higher if management delivers a stronger vision for Siri, iOS, and future devices. The Event That Could Redefine Apple’s Summer Rally
• Positive Sentiment: Apple is also being viewed more favorably after reports highlighted strong supply-chain execution, continued AI-services potential, and a growing case for the stock as a momentum name. Apple (AAPL) Gains Wall Street Confidence on Supply Chain Strength and AI Services Potential
• Positive Sentiment: Apple and Google are rolling out end-to-end encrypted RCS messaging between iPhone and Android users, which should improve the messaging experience and support the ecosystem value proposition. Apple And Google Finally Close SMS Security Gap…
• Neutral Sentiment: Reports say Apple is planning customizable camera controls and Siri design changes in iOS 27, which could help future product appeal but are still early-stage software rumors. Apple Plans Customizable Camera for Pros, Siri Design Changes in iOS 27
• Neutral Sentiment: Apple’s director and an insider both sold shares recently, which can create some caution, but the sales appear modest relative to Apple’s overall size and recent record earnings. Apple Board Veteran Sells $71 Million in Stock After Record Earnings
• Negative Sentiment: A new federal appeals-court decision temporarily keeping Trump’s 10% global tariffs in place could preserve cost pressure on imported consumer electronics, including Apple products. Appeals Court Temporarily Reinstates Trump’s 10% Global Tariffs
• Negative Sentiment: Apple’s insider Ben Borders sold 1,274 shares, a small signal that may slightly dampen sentiment, though it is not large enough on its own to change the broader bullish narrative. SEC insider filing

Insider Buying and Selling at Apple

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

Apple Stock Up 0.7%

Shares of AAPL stock opened at $294.80 on Wednesday. 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 Inc. has a 1 year low of $193.46 and a 1 year high of $295.27. The firm’s fifty day moving average price is $263.24 and its two-hundred day moving average price is $266.73. The firm has a market capitalization of $4.33 trillion, a P/E ratio of 35.65, a PEG ratio of 2.55 and a beta of 1.06.

Apple (NASDAQ:AAPL) last issued 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. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same period in the previous year, the business earned $1.65 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. On average, equities 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 will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, May 11th. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio (DPR) is presently 13.06%.

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.