Apple Inc. $AAPL Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL) by 14.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 14,353 shares of the iPhone maker’s stock after selling 2,405 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Apple were worth $3,643,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple in the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% during 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 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 acquired a new position in shares of Apple during the 4th quarter worth approximately $65,000. Finally, Inspire Investing LLC purchased a new stake in Apple in the 4th quarter valued at approximately $76,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record June-quarter revenue of $109.4 billion, up 16.4% year over year, and diluted EPS of $2.02, exceeding Wall Street expectations. iPhone revenue rose 22% to $54.3 billion, while Mac revenue increased 29% to $10.4 billion. Apple reports third quarter results
• Positive Sentiment: Apple’s large installed base, strong hardware demand and potential consumer-AI opportunities remain long-term supports. Some analysts remain bullish: TD Cowen raised its price target to $400, while other firms maintained Buy or Overweight ratings despite trimming estimates. Analyst raises Apple price target
• Positive Sentiment: The company declared a quarterly dividend of $0.27 per share, payable August 13 to shareholders of record August 10. Apple also continues to emphasize an AI strategy that requires less capital spending than the infrastructure-heavy approach used by some peers. Apple Q3 financial results

Apple Stock Performance

Shares of AAPL opened at $308.91 on Monday. The stock has a fifty day moving average of $309.51 and a two-hundred day moving average of $281.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market capitalization of $4.54 trillion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09. Apple Inc. has a fifty-two week low of $201.50 and a fifty-two week high of $344.57.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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 business 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 business’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 earnings per share. As a group, analysts forecast that Apple Inc. will post 8.8 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a $0.27 dividend. 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 (DPR) is presently 12.39%.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of Apple stock in a transaction dated 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 sale, the insider owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AAPL shares. Bank of America reiterated a “buy” rating and set a $380.00 target price on shares of Apple in a report on Thursday, June 18th. Citigroup reissued a “buy” rating and issued a $365.00 price target (up from $315.00) on shares of Apple in a report on Monday, July 13th. KeyCorp reaffirmed an “underweight” rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday, July 28th. HSBC raised Apple from a “hold” rating to a “buy” rating and increased their price objective for the company from $260.00 to $366.00 in a research note on Thursday, July 16th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Apple in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $331.60.

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.