Galvin Gaustad & Stein LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,284 shares of the iPhone maker’s stock after selling 9,955 shares during the period. Apple comprises about 1.9% of Galvin Gaustad & Stein LLC’s investment portfolio, making the stock its 12th biggest position. Galvin Gaustad & Stein LLC’s holdings in Apple were worth $24,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Isthmus Partners LLC grew its position in Apple by 6.4% in the 3rd 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 during the last quarter. Sellwood Investment Partners LLC grew its position in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after purchasing an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management acquired a new stake in Apple in the 4th quarter worth $65,000. Finally, 49 Wealth Management LLC lifted its holdings in shares of Apple by 15.7% during the 3rd 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 currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Apple
In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the sale, the chief executive officer owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at $3,675,650. The trade was a 10.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 96,485 shares of company stock worth $24,594,845. 0.06% of the stock is currently owned by corporate insiders.
Apple News Summary
- Positive Sentiment: Apple held exploratory talks with Intel and Samsung about making its main device processors in the U.S., which reduces single-supplier (TSMC) risk and is being priced as a supply-chain hedge by investors. Apple explores using Intel, Samsung to build main device chips in the US
- Positive Sentiment: Apple plans to let users choose third?party AI models across iOS 27 features and is positioning devices as AI platforms — a strategic move that broadens the company’s AI roadmap without having to rely solely on its in-house models. Apple to let users choose rival AI models across iOS 27 features
- Positive Sentiment: Fundamentals remain solid: strong March-quarter results, continued iPhone strength (iPhone 17 cited as top seller in Q1), services momentum, and shareholder returns (dividend and a large buyback) support the stock’s rally. iPhone 17 Rules, Becomes World’s Best-Selling Smartphone
- Neutral Sentiment: Reports emphasize these chip talks are preliminary with no orders placed; switching foundries involves technology, scale and reliability tradeoffs, so any supply-chain benefit will depend on formal contracts and ramp timelines. Apple explores Intel, Samsung as U.S. chip suppliers
- Negative Sentiment: Apple agreed to a $250M settlement in a shareholder suit over delayed Siri/Apple Intelligence features — a headline risk and cash outflow that briefly pressures sentiment. Apple settles lawsuit over late Siri AI features for $250 million
- Negative Sentiment: Management has warned that rising memory (RAM) costs tied to AI needs could raise hardware prices and weigh on margins — a structural cost pressure to monitor. Apple’s Tim Cook says AI-fueled ‘RAMmageddon’ will make your next laptop and phone a lot pricier
Apple Trading Up 2.7%
Shares of AAPL stock opened at $284.18 on Wednesday. Apple Inc. has a 12-month low of $193.25 and a 12-month high of $288.62. The company has a market capitalization of $4.17 trillion, a P/E ratio of 34.36, a P/E/G ratio of 2.42 and a beta of 1.06. The firm has a 50-day moving average price of $261.12 and a 200 day moving average price of $265.51. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.
Apple (NASDAQ:AAPL – Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $109.46 billion. During the same period last year, the firm posted $1.65 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 8.72 earnings per share for the current fiscal year.
Apple Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be given 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 a boost from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio is 12.58%.
Analyst Ratings Changes
A number of equities analysts have recently commented on AAPL shares. Monness Crespi & Hardt raised their price objective on shares of Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, May 1st. UBS Group set a $296.00 price objective on shares of Apple and gave the stock a “neutral” rating in a report on Friday. 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. Finally, Maxim Group raised shares of Apple from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $304.31.
Check Out Our Latest Stock Report on Apple
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.
Further Reading
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