Schmidt P J Investment Management Inc. Reduces Stock Position in Apple Inc. $AAPL

Schmidt P J Investment Management Inc. lessened its position in Apple Inc. (NASDAQ:AAPL) by 1.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 152,206 shares of the iPhone maker’s stock after selling 2,691 shares during the quarter. Apple makes up approximately 6.7% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its largest position. Schmidt P J Investment Management Inc.’s holdings in Apple were worth $41,379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Isthmus Partners LLC raised its stake in shares of 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 buying an additional 5,808 shares in the last quarter. Sellwood Investment Partners LLC grew its holdings in shares of 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 acquiring an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC grew its holdings in shares of 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 acquiring an additional 180 shares during the last quarter. LSV Asset Management acquired a new position in shares of Apple in the 4th quarter worth $65,000. Finally, 49 Wealth Management LLC grew its holdings in shares of Apple by 15.7% in 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 last quarter. Institutional investors own 67.73% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple said it blocked $2.2 billion in App Store fraud in 2025, reinforcing the strength of its platform controls and the durability of its services ecosystem. Apple Says It Blocked $2.2 Billion in App Store Fraud
• Positive Sentiment: Reports say Apple is bucking the worst smartphone slump since COVID, with iPhone 17 demand helping Apple stand out as the only top-five smartphone brand expected to grow in April 2026. Apple Bucks Worst Smartphone Slump Since COVID
• Positive Sentiment: Evercore ISI reiterated an Outperform rating and lifted its price target to $365, while other commentary highlighted Apple as a long-term earnings and free-cash-flow compounder. Is Apple Inc. One of Louis Navellier’s Top Long-Term Stock Picks on Earning Growth Prospects?
• Positive Sentiment: Analysts also pointed to Apple’s AI push and services opportunity, including a path to significantly higher service revenue as Apple Intelligence rolls out. Apple Inc. Targets $15B Service Revenue via AI
• Neutral Sentiment: Apple’s request for U.S. Supreme Court review of an Epic Games contempt order adds legal uncertainty, but the immediate stock impact is likely limited unless the Court takes the case. Apple asks US Supreme Court to review contempt order in Epic Games lawsuit
• Neutral Sentiment: Several articles framed Apple as a core long-term holding and a major competitor in AI, wearables, and consumer tech, which is supportive to sentiment but not a direct new catalyst. Should Investors Buy Microsoft Stock Instead of Apple Stock?
• Negative Sentiment: KeyBanc turned more cautious on Apple, warning that valuation looks stretched and that the shares may be due for profit-taking, which could cap upside in the near term. KeyBanc Turns Cautious on Apple Stock as Valuation Concerns Grow. It’s Due for Profit-Taking.

Apple Stock Performance

Shares of AAPL stock opened at $304.99 on Friday. Apple Inc. has a 1-year low of $193.46 and a 1-year high of $305.54. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $4.48 trillion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 2.63 and a beta of 1.06. The stock’s fifty day simple moving average is $268.68 and its 200-day simple moving average is $268.34.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. Apple’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio is presently 13.06%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 30,002 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total value of $7,661,010.70. Following the transaction, the senior vice president owned 136,810 shares in the company, valued at $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of the business’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 transaction, the chief executive officer owned 3,280,418 shares in the company, valued at $833,980,668.14. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 97,759 shares of company stock worth $24,964,305. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent research reports. Oppenheimer restated a “market perform” rating on shares of Apple in a report on Friday, January 30th. Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a report on Wednesday, March 4th. Needham & Company LLC restated a “hold” rating on shares of Apple in a report on Friday, May 1st. Wells Fargo & Company restated an “overweight” rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a report on Friday, May 1st. Finally, TD Cowen restated a “buy” rating and issued a $335.00 target price (up from $325.00) on shares of Apple in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $308.74.

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.