Plancorp LLC Has $31.64 Million Stock Position in Apple Inc. $AAPL

Plancorp LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 116,364 shares of the iPhone maker’s stock after selling 2,777 shares during the period. Apple makes up 1.0% of Plancorp LLC’s investment portfolio, making the stock its 20th biggest position. Plancorp LLC’s holdings in Apple were worth $31,635,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AAPL. First National Bank of Hutchinson raised its stake in Apple by 24.6% during the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after acquiring an additional 6,982 shares in the last quarter. Eagle Capital Management LLC raised its stake in Apple by 0.5% during the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock worth $13,544,000 after acquiring an additional 272 shares in the last quarter. Brighton Jones LLC raised its stake in Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock worth $134,554,000 after acquiring an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Apple by 4.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock worth $16,742,000 after acquiring an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE raised its stake in Apple by 2.4% during the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock worth $12,587,000 after acquiring an additional 1,155 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 64,949 shares of the firm’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 $833,980,668.14. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O’brien sold 30,002 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total value of $7,661,010.70. Following the transaction, the senior vice president owned 136,810 shares of the company’s stock, valued at $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 97,759 shares of company stock valued at $24,964,305 over the last three months. 0.06% of the stock is owned by insiders.

Apple Price Performance

Apple stock opened at $311.24 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $4.57 trillion, a PE ratio of 37.63, a P/E/G ratio of 2.70 and a beta of 1.09. Apple Inc. has a 12 month low of $195.07 and a 12 month high of $316.94. The stock has a 50-day moving average price of $280.29 and a two-hundred day moving average price of $271.11.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. During the same period last year, the company earned $1.65 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio is 13.06%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus set a $330.00 target price on Apple in a research note on Monday, March 2nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research note on Wednesday, March 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a research report on Friday, May 1st. Wedbush reiterated an “outperform” rating and issued a $400.00 target price (up from $350.00) on shares of Apple in a research report on Friday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Apple in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $312.82.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investors are looking for WWDC to showcase a major Siri overhaul and new AI features, which could help justify a higher valuation if Apple demonstrates stronger product momentum. Article Title
• Positive Sentiment: Apple’s App Store generated more than $1.4 trillion in developer sales and billings last year, reinforcing the scale and stickiness of its Services ecosystem. Article Title
• Positive Sentiment: Analysts remain constructive on Apple’s AI roadmap and ecosystem strength, with several price-target hikes and Buy calls suggesting upside if the company executes at WWDC. Article Title
• Neutral Sentiment: Apple approved Poke as the first AI agent on its Messages for Business platform, showing early AI adoption inside its messaging ecosystem, but the near-term financial impact appears limited. Article Title
• Neutral Sentiment: Reports that Apple may use Google cloud servers and Nvidia chips to help power Siri signal a faster AI rollout, though they also highlight Apple’s reliance on outside infrastructure. Article Title
• Negative Sentiment: UBS warned that App Store growth is decelerating, which matters because App Store revenue is a key driver of Apple’s high-margin Services segment. Article Title
• Negative Sentiment: Apple agreed to submit India financials in a long-running antitrust case, keeping regulatory risk in focus as authorities move closer to a penalty decision. Article Title

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.