Sterling Investment Advisors Ltd. Has $33.63 Million Stock Holdings in Apple Inc. $AAPL

Sterling Investment Advisors Ltd. reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 1.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 132,495 shares of the iPhone maker’s stock after selling 2,330 shares during the quarter. Apple comprises 5.6% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 3rd biggest holding. Sterling Investment Advisors Ltd.’s holdings in Apple were worth $33,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lifetime Wealth Management P.C. bought a new stake in Apple during the fourth quarter worth about $41,000. ROSS JOHNSON & Associates LLC grew its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. Timmons Wealth Management LLC acquired a new position in shares of Apple during the 4th quarter worth approximately $69,000. LSV Asset Management bought a new stake in shares of Apple during the 4th quarter worth approximately $65,000. Finally, Inspire Investing LLC bought a new stake in shares of Apple during the 4th quarter worth approximately $76,000. 67.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Tigress Financial reissued a “strong-buy” rating and issued a $375.00 target price (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a research note on Wednesday, July 15th. Oppenheimer reissued a “market perform” rating on shares of Apple in a research report on Tuesday, June 9th. KGI Securities lowered shares of Apple from an “outperform” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Monday, June 22nd. Finally, BNP Paribas Exane raised shares of Apple from a “neutral” rating to an “outperform” rating and set a $300.00 target price on the stock in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $327.40.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone demand and steady pricing are expected to produce Apple’s strongest June-quarter revenue growth in five years. Analysts are also watching for contributions from Services, Mac, and iPhone 17 shipments. Apple set for strongest June-quarter sales growth in 5 years
• Positive Sentiment: Apple’s new Apple Upgrade program, powered by Klarna, lets U.S. customers lease iPhones, Macs, iPads, and Apple Watches through monthly payments. The initiative could lower upfront costs, increase upgrade frequency, and support device sales. Apple launches US device leasing program with Klarna
• Positive Sentiment: Erste Group modestly raised its fiscal 2027 EPS forecast to $9.57 from $9.56, above the current-year consensus estimate of $8.76, reinforcing the bullish long-term earnings outlook.
• Neutral Sentiment: Apple’s record valuation reflects investor confidence in its relatively disciplined AI spending and improving product demand, while money has rotated away from Nvidia and other high-spending chip stocks. However, options markets imply a comparatively contained post-earnings move, suggesting much of the optimism may already be priced in. Apple Could Swing $170 Billion In Value After Earnings
• Negative Sentiment: Apple faces a leadership transition, with Tim Cook preparing for his final earnings call as CEO and hardware chief John Ternus scheduled to succeed him. Investors will seek evidence that the incoming CEO can sustain growth beyond the iPhone.
• Negative Sentiment: Proposed U.K. App Store rules could loosen Apple’s control over in-app payments and reduce commission revenue; Apple argues the measures amount to price regulation. Apple says UK App Store proposal amounts to price regulation
• Negative Sentiment: A federal lawsuit alleges a fraudulent Bitcoin wallet app remained available in Apple’s App Store, raising potential legal costs and renewed concerns about app-review and platform liability.

Apple Trading Down 0.6%

AAPL stock opened at $338.19 on Thursday. Apple Inc. has a one year low of $201.50 and a one year high of $344.57. The stock has a market cap of $4.97 trillion, a price-to-earnings ratio of 40.89, a price-to-earnings-growth ratio of 2.94 and a beta of 1.10. The company has a fifty day moving average price of $308.94 and a two-hundred day moving average price of $280.73. 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 (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share 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 company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 8.76 EPS for the current year.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by company insiders.

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.