Apple Inc. $AAPL is SOL Capital Management CO’s 9th Largest Position

SOL Capital Management CO lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 41.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,256 shares of the iPhone maker’s stock after selling 18,644 shares during the quarter. Apple accounts for about 2.8% of SOL Capital Management CO’s investment portfolio, making the stock its 9th largest holding. SOL Capital Management CO’s holdings in Apple were worth $6,664,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AAPL. Reyes Financial Architecture Inc. raised its stake in shares of Apple by 0.4% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after acquiring an additional 37 shares during the period. WESPAC Advisors LLC boosted its position in Apple by 0.3% during the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker’s stock worth $3,351,000 after purchasing an additional 39 shares during the period. Interactive Financial Advisors Inc. boosted its position in Apple by 4.0% during the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker’s stock worth $286,000 after purchasing an additional 40 shares during the period. Sugar Maple Asset Management LLC increased its holdings in Apple by 2.0% in the 1st quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker’s stock valued at $515,000 after purchasing an additional 40 shares in the last quarter. Finally, Orion Investment Co increased its holdings in Apple by 0.3% in the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker’s stock valued at $3,902,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research reports. Oppenheimer reissued a “market perform” rating on shares of Apple in a research report on Tuesday, June 9th. Tigress Financial reiterated a “strong-buy” rating and issued a $375.00 target price (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a report on Monday, June 8th. Jefferies Financial Group reissued a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Citigroup reaffirmed a “buy” rating and issued a $365.00 price objective (up from $315.00) on shares of Apple in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $316.32.

Insider Buying and Selling at Apple

In related news, CFO Kevan Parekh sold 1,534 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares of the company’s stock, valued at $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 2,924 shares of company stock worth $825,546 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Citi raised its price target on Apple to $365 from $315 and kept a Buy rating, saying Apple should keep gaining market share and may benefit from premium iPhone demand, selective price increases, and an upcoming iPhone 18 launch as a catalyst. Article Title
• Positive Sentiment: Several reports highlighted Apple’s stock hitting record highs, with analysts arguing the company is benefiting from relative restraint on AI spending versus peers and that investors still see more upside after the recent rally. Article Title
• Positive Sentiment: Apple was also tied to a reported acquisition of open-source observability developer SigScalr, which could support its internal data and software tooling efforts. Article Title
• Neutral Sentiment: News that Apple sued OpenAI over alleged trade-secret theft is generating headlines and could help Apple strategically if it protects future AI hardware plans, but it also adds legal uncertainty and keeps pressure on the company’s AI narrative. Article Title
• Neutral Sentiment: Commentary around Apple’s AI strategy, including reports that it may accelerate chip releases, reflects investor focus on whether the company can keep up in AI-enabled hardware without ramping spending as aggressively as rivals. Article Title
• Negative Sentiment: The OpenAI lawsuit could intensify Apple’s legal battles, including renewed scrutiny of App Store fees and broader competitive risks, which may create headline volatility even if the core business remains strong. Article Title

Apple Trading Up 0.6%

Shares of AAPL opened at $317.31 on Tuesday. Apple Inc. has a one year low of $201.50 and a one year high of $323.45. The stock has a 50-day moving average price of $300.47 and a 200 day moving average price of $275.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market capitalization of $4.66 trillion, a P/E ratio of 38.37, a P/E/G ratio of 2.74 and a beta of 1.10.

Apple (NASDAQ:AAPL) last posted 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 company had revenue of $111.18 billion for 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%.Apple’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 EPS. Sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple’s payout ratio is presently 13.06%.

Apple 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.