Oxbow Advisors LLC Sells 1,643 Shares of Apple Inc. $AAPL

Oxbow Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 127,851 shares of the iPhone maker’s stock after selling 1,643 shares during the quarter. Apple accounts for about 3.0% of Oxbow Advisors LLC’s holdings, making the stock its 6th biggest position. Oxbow Advisors LLC’s holdings in Apple were worth $34,757,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Flagship Private Wealth LLC increased its holdings in Apple by 1.4% in the fourth quarter. Flagship Private Wealth LLC now owns 3,947 shares of the iPhone maker’s stock worth $1,073,000 after buying an additional 53 shares during the last quarter. Ebert Capital Management Inc. bought a new stake in Apple during the fourth quarter worth approximately $1,855,000. Pandora Wealth Inc. increased its position in Apple by 0.7% during the fourth quarter. Pandora Wealth Inc. now owns 64,798 shares of the iPhone maker’s stock worth $17,616,000 after acquiring an additional 445 shares during the period. EWA LLC grew its position in Apple by 57.6% in the 4th quarter. EWA LLC now owns 50,485 shares of the iPhone maker’s stock worth $13,725,000 after purchasing an additional 18,449 shares during the last quarter. Finally, Northern Capital Management Inc. grew its position in Apple by 1.1% in the 4th quarter. Northern Capital Management Inc. now owns 13,798 shares of the iPhone maker’s stock worth $3,751,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 64,949 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the transaction, the chief executive officer directly owned 3,280,418 shares in the company, valued at approximately $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 through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the transaction, the insider owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 97,759 shares of company stock valued at $24,964,305 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

Apple stock opened at $310.26 on Thursday. The firm has a market capitalization of $4.56 trillion, a P/E ratio of 37.52, a PEG ratio of 2.74 and a beta of 1.09. Apple Inc. has a 1 year low of $195.07 and a 1 year high of $316.94. The business has a 50-day moving average of $279.10 and a 200-day moving average of $270.84. 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 posted its earnings results 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 company had revenue of $111.18 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 EPS. On average, equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, May 11th. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio is presently 13.06%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Apple in a research note on Friday, May 1st. Barclays restated an “underweight” rating and issued a $253.00 target price (up from $248.00) on shares of Apple in a research note on Friday, May 1st. Jefferies Financial Group set a $330.00 target price on Apple in a research note on Wednesday, March 4th. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research note on Monday, March 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Apple in a research note on Friday, May 1st. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.82.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Multiple analysts reiterated bullish views on Apple ahead of WWDC, including Goldman Sachs keeping a Buy rating with a $340 target and Evercore ISI lifting its target to $365, citing Apple’s AI roadmap, ecosystem strength, and services growth. Article Title
• Positive Sentiment: Investor expectations remain high that Apple will unveil major AI updates at WWDC, especially a rebuilt Siri and deeper Apple Intelligence features, which could extend the stock’s recent rally. Article Title
• Positive Sentiment: Reports suggest Apple may expand its ecosystem with a native bill-splitting/payment feature in iOS, which could deepen user engagement and strengthen its services revenue stream. Article Title
• Positive Sentiment: Commentary around Apple’s stock has been upbeat, with articles highlighting outperformance versus the S&P 500 and strong demand for iPhones and Macs ahead of the conference. Article Title
• Neutral Sentiment: UBS said not to expect fireworks from WWDC and kept a Neutral rating, suggesting the event may not deliver a near-term stock catalyst if announcements disappoint. Article Title
• Neutral Sentiment: Apple’s recent gains and all-time high have also prompted valuation concerns, with some analysts and commentators warning the shares may already price in a lot of good news. Article Title
• Negative Sentiment: Reuters reported that Apple agreed to submit India business financials in an antitrust case, keeping regulatory risk in focus and raising the possibility of penalties. Article Title
• Negative Sentiment: Competitive headlines from Nvidia, Walmart, and others show mounting pressure on parts of Apple’s ecosystem, including PCs and payments, which could weigh on sentiment if rivals gain traction. Article Title

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.