Apple Inc. $AAPL Stock Position Lessened by Sigma Planning Corp

Sigma Planning Corp decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 611,864 shares of the iPhone maker’s stock after selling 9,975 shares during the period. Apple accounts for 4.3% of Sigma Planning Corp’s holdings, making the stock its 2nd biggest position. Sigma Planning Corp’s holdings in Apple were worth $155,285,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rainier Family Wealth Inc. raised its holdings in shares of Apple by 14.1% in the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker’s stock worth $6,189,000 after buying an additional 3,014 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Apple during the fourth quarter valued at $1,178,000. Summit Wealth Partners LLC grew its holdings in shares of Apple by 108.3% during the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker’s stock valued at $8,880,000 after buying an additional 18,188 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp acquired a new position in shares of Apple in the 4th quarter valued at $105,482,000. Finally, KBC Group NV raised its stake in Apple by 3.1% in the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock worth $1,915,172,000 after acquiring an additional 214,215 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company reissued an “overweight” rating and issued a $310.00 price objective (up from $300.00) on shares of Apple in a report on Friday, May 1st. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a research note on Wednesday, July 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a report on Monday, June 8th. Citigroup reaffirmed 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. Finally, Evercore reiterated an “outperform” rating on shares of Apple in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $327.40.

Insider Buying and Selling at Apple

In other Apple news, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $338.19 on Thursday. The firm has a fifty day moving average price of $308.94 and a 200 day moving average price of $280.73. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $344.57. The stock has a market cap of $4.97 trillion, a P/E ratio of 40.89, a P/E/G ratio of 2.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same quarter last year, the business earned $1.65 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone demand and steady pricing are expected to produce Apple’s strongest June-quarter revenue growth in five years. Analysts are also watching for contributions from Services, Mac, and iPhone 17 shipments. Apple set for strongest June-quarter sales growth in 5 years
• Positive Sentiment: Apple’s new Apple Upgrade program, powered by Klarna, lets U.S. customers lease iPhones, Macs, iPads, and Apple Watches through monthly payments. The initiative could lower upfront costs, increase upgrade frequency, and support device sales. Apple launches US device leasing program with Klarna
• Positive Sentiment: Erste Group modestly raised its fiscal 2027 EPS forecast to $9.57 from $9.56, above the current-year consensus estimate of $8.76, reinforcing the bullish long-term earnings outlook.
• Neutral Sentiment: Apple’s record valuation reflects investor confidence in its relatively disciplined AI spending and improving product demand, while money has rotated away from Nvidia and other high-spending chip stocks. However, options markets imply a comparatively contained post-earnings move, suggesting much of the optimism may already be priced in. Apple Could Swing $170 Billion In Value After Earnings
• Negative Sentiment: Apple faces a leadership transition, with Tim Cook preparing for his final earnings call as CEO and hardware chief John Ternus scheduled to succeed him. Investors will seek evidence that the incoming CEO can sustain growth beyond the iPhone.
• Negative Sentiment: Proposed U.K. App Store rules could loosen Apple’s control over in-app payments and reduce commission revenue; Apple argues the measures amount to price regulation. Apple says UK App Store proposal amounts to price regulation
• Negative Sentiment: A federal lawsuit alleges a fraudulent Bitcoin wallet app remained available in Apple’s App Store, raising potential legal costs and renewed concerns about app-review and platform liability.

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.