Monarch Capital Management Inc. cut its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 62,763 shares of the iPhone maker’s stock after selling 2,304 shares during the period. Apple comprises 4.2% of Monarch Capital Management Inc.’s portfolio, making the stock its 2nd largest position. Monarch Capital Management Inc.’s holdings in Apple were worth $17,063,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in AAPL. Legacy Financial Strategies LLC increased its stake in Apple by 0.7% during the fourth quarter. Legacy Financial Strategies LLC now owns 32,087 shares of the iPhone maker’s stock valued at $8,723,000 after purchasing an additional 209 shares during the last quarter. PMG Wealth Management Inc. increased its stake in Apple by 1.6% during the fourth quarter. PMG Wealth Management Inc. now owns 2,840 shares of the iPhone maker’s stock valued at $772,000 after purchasing an additional 46 shares during the last quarter. Greenup Street Wealth Management LLC increased its stake in Apple by 36.8% during the fourth quarter. Greenup Street Wealth Management LLC now owns 30,113 shares of the iPhone maker’s stock valued at $8,187,000 after purchasing an additional 8,106 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its stake in Apple by 0.6% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 165,005 shares of the iPhone maker’s stock valued at $44,858,000 after purchasing an additional 938 shares during the last quarter. Finally, Dara Capital US Inc. bought a new stake in Apple during the fourth quarter valued at $653,000. Institutional investors own 67.73% of the company’s stock.
Insider Transactions at Apple
In other news, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the transaction, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 30,002 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the transaction, the senior vice president owned 136,810 shares of the company’s stock, valued at $34,934,433.50. This represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 96,485 shares of company stock worth $24,594,845. Company insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on AAPL
More Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Q2 results beat and June-quarter guidance well above Street expectations, giving investors confidence in near-term sales momentum and margins. Apple stages sharpest rally in 9 months as execs cite iPhone, Mac demand in boosting guidance
- Positive Sentiment: Management expanded capital returns — a large share buyback ($100B) plus a dividend raise — which supports EPS and buyback-driven upside. Apple (AAPL) Stock: Q2 Earnings Beat … and $100B Buyback
- Positive Sentiment: Stronger-than-expected demand in Greater China and for the iPhone 17 and Mac lineup (including Mac Mini demand for AI work) is driving top-line upside and a re-rating by some analysts. Apple’s China sales jumped 28%: now analysts are rethinking AAPL
- Positive Sentiment: Multiple firms raised price targets and options activity surged, signaling bullish positioning and expectations for further upside. Analyst moves & options flow
- Neutral Sentiment: Apple signaled it is retiring its net-cash-neutral target — investors interpret this as freeing cash for a potential large AI acquisition, but timing and impact remain speculative. Apple just gave a subtle clue that a splashy AI acquisition may be in the cards
- Neutral Sentiment: Media/services expansion — Apple aims to grow its sports/TV footprint (Formula One content and TV deals), which supports longer-term services revenue diversification but is incremental near term. Apple’s Cue expects F1 movie sequel…
- Negative Sentiment: Management warned that the global memory-chip shortage is worsening — that creates a real near-term cost/margin headwind and could force pricing or longer-term supplier commitments. Apple Warns the Memory Shortage Is Getting Worse
- Negative Sentiment: Some analysts remain cautious — Wall Street is split on whether the beat is sustainable versus one-time effects (tariff refunds, inventory/timing), leaving valuation and durability questions. Wall Street Splits on Apple After Q2 Beat
Apple Stock Up 0.0%
Apple stock opened at $280.19 on Monday. The company has a 50-day simple moving average of $260.73 and a 200-day simple moving average of $265.27. The firm has a market capitalization of $4.11 trillion, a P/E ratio of 33.88, a P/E/G ratio of 2.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a one year low of $193.25 and a one year high of $288.62.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. As a group, equities analysts expect that Apple Inc. will post 8.64 earnings per share for the current year.
Apple Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 11th will be given a dividend of $0.27 per share. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, May 11th. Apple’s payout ratio is presently 13.06%.
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.
See Also
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