Apple Inc. $AAPL Shares Sold by Motiv8 Investments LLC

Motiv8 Investments LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,269 shares of the iPhone maker’s stock after selling 1,778 shares during the quarter. Apple comprises approximately 1.4% of Motiv8 Investments LLC’s investment portfolio, making the stock its 12th largest position. Motiv8 Investments LLC’s holdings in Apple were worth $2,520,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Overbrook Management Corp boosted its holdings in Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock valued at $28,449,000 after acquiring an additional 38,174 shares during the period. Tufton Capital Management boosted its holdings in Apple by 4.3% during the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock valued at $25,496,000 after acquiring an additional 4,157 shares during the period. Torren Management LLC purchased a new position in Apple during the 4th quarter valued at about $1,178,000. Adventist Health System Sunbelt Healthcare Corp purchased a new position in Apple during the 4th quarter valued at about $105,482,000. Finally, KBC Group NV boosted its holdings in Apple by 3.1% during the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock valued at $1,915,172,000 after acquiring an additional 214,215 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of AAPL opened at $296.42 on Tuesday. The stock has a 50-day simple moving average of $286.45 and a 200-day simple moving average of $272.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a market capitalization of $4.35 trillion, a PE ratio of 35.84, a PEG ratio of 2.53 and a beta of 1.09. Apple Inc. has a 1 year low of $195.07 and a 1 year high of $317.40.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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. The business had revenue of $111.18 billion during 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 business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. On average, analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal 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 paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, May 11th. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio (DPR) is 13.06%.

Insider Buying and Selling

In other news, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The stock was 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 of the company’s stock, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the sale, the insider directly 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. Over the last quarter, insiders have sold 97,759 shares of company stock worth $24,964,305. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AAPL has been the subject of a number of research analyst reports. TD Cowen raised their target price on Apple from $335.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a report on Monday, June 8th. Stifel Nicolaus set a $330.00 target price on Apple in a report on Monday, March 2nd. Evercore restated an “outperform” rating on shares of Apple in a report on Monday, June 8th. Finally, Maxim Group restated a “buy” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $314.59.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Wedbush said Apple’s WWDC AI rollout could be the “first step” toward adding as much as $100 to the stock, as investors focus on the company’s AI execution and the potential for a stronger Siri/Apple Intelligence roadmap. Article Title
• Positive Sentiment: Multiple reports on iOS 27 and Apple Intelligence suggest Apple is making progress on features that could improve older iPhones, expand software value, and strengthen the case for users to upgrade into the next product cycle. Article Title
• Positive Sentiment: Analyst commentary remains constructive, with several firms reiterating buy/overweight views and price targets clustered well above current levels, reinforcing a bullish long-term sentiment on AAPL. Article Title
• Neutral Sentiment: Several articles highlight Apple’s strong recent operating performance, including record iPhone demand and services revenue, but these are largely a rehash of prior earnings strength rather than a fresh catalyst. Article Title
• Negative Sentiment: A Yahoo Finance report says rising memory chip costs could pressure Apple’s hardware margins as AI features require more device memory, creating a potential headwind for profitability over the next few quarters. Article Title
• Negative Sentiment: Broader sentiment is also being dampened by articles noting that the Magnificent Seven, including Apple, have been weak in June and have lagged the broader market at times, which can weigh on near-term momentum. 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.