Apple Inc. $AAPL is GSG Advisors LLC’s 4th Largest Position

GSG Advisors LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 5.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 96,042 shares of the iPhone maker’s stock after selling 5,779 shares during the quarter. Apple comprises about 6.3% of GSG Advisors LLC’s holdings, making the stock its 4th largest position. GSG Advisors LLC’s holdings in Apple were worth $24,375,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AAPL. Lifetime Wealth Management P.C. purchased a new position in Apple during the 4th quarter worth $41,000. ROSS JOHNSON & Associates LLC raised its holdings in shares of 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 buying an additional 180 shares during the last quarter. Timmons Wealth Management LLC acquired a new stake in shares of Apple during the fourth quarter worth about $69,000. LSV Asset Management acquired a new stake in shares of Apple during the fourth quarter worth about $65,000. Finally, Inspire Investing LLC purchased a new position in shares of Apple during the fourth quarter worth about $76,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Up 0.3%

NASDAQ AAPL opened at $313.33 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $4.57 trillion, a P/E ratio of 35.93, a P/E/G ratio of 2.69 and a beta of 1.09. Apple Inc. has a 52-week low of $219.25 and a 52-week high of $344.57. The firm has a 50-day moving average price of $309.45 and a 200 day moving average price of $283.23.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. Equities research analysts expect that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Apple’s dividend payout ratio is currently 12.39%.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AAPL. Monness Crespi & Hardt boosted their price target on Apple from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, May 1st. UBS Group reaffirmed a “neutral” rating on shares of Apple in a research report on Friday, July 31st. Morgan Stanley lowered their target price on Apple from $364.00 to $360.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Robert W. Baird boosted their target price on Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, HSBC upgraded Apple from a “hold” rating to a “buy” rating and upped their price target for the stock from $260.00 to $366.00 in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $330.44.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

Apple Company 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.