RWQ Financial Management Services Inc. Sells 69,600 Shares of Apple Inc. $AAPL

RWQ Financial Management Services Inc. reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 66.7% in the fourth quarter, HoldingsChannel reports. The firm owned 34,726 shares of the iPhone maker’s stock after selling 69,600 shares during the quarter. Apple makes up 4.3% of RWQ Financial Management Services Inc.’s investment portfolio, making the stock its 12th largest position. RWQ Financial Management Services Inc.’s holdings in Apple were worth $9,441,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AAPL. Norges Bank bought a new stake in shares of Apple during the 2nd quarter valued at about $38,942,255,000. Nuveen LLC bought a new position in shares of Apple during the 1st quarter valued at approximately $17,472,482,000. Laurel Wealth Advisors LLC grew its stake in shares of Apple by 20,464.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after acquiring an additional 26,937,401 shares during the period. Vanguard Group Inc. grew its stake in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after acquiring an additional 20,079,472 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly preparing an iPhone Wallet feature that could split bills from a receipt, assign items to different people, and generate payment requests through Apple Cash. That would strengthen Apple’s payments ecosystem and could help Wallet compete more directly with Venmo and Cash App. Apple Set to Accelerate Wallet War With Automated Bill Splitting
• Positive Sentiment: Analysts have been raising price targets ahead of WWDC, betting that Apple’s Siri and broader AI upgrades could be a catalyst for the shares if the company shows meaningful progress at its developer event. Apple (AAPL) Stock Gains Momentum as Analysts Boost Targets Before WWDC Siri Unveiling
• Positive Sentiment: Several articles framed Apple as an attractive AI-related stock, reflecting ongoing investor interest in Apple’s product cycle, services growth, and potential AI-driven refreshes. Apple Inc. (AAPL): One of the Promising Stocks to Buy According to AI
• Neutral Sentiment: Apple teased WWDC 2026 with a new “All Systems Glow” tagline and wallpapers, which points to an upcoming software announcement but does not by itself change fundamentals. All Systems Glow: Apple Teases WWDC 2026 With New Tagline, Playlist, Wallpapers
• Neutral Sentiment: Apple is reportedly targeting a late-2027 launch for smart glasses, signaling a longer AI development timeline; that may support the long-term story, but it also suggests Apple’s next major wearable is still far away. Apple reportedly targeting 2027 launch for smart glasses amid AI refinement efforts
• Negative Sentiment: Apple fell on reports that the global smartphone market is nearing a record shipment decline, reinforcing worries about slower iPhone demand and a softer handset upgrade cycle. Apple Stock (AAPL) Falls as Global Smartphone Market Approaches Record Shipment Drop
• Negative Sentiment: Dell’s new XPS 13 laptop is drawing attention as a direct rival to Apple’s MacBook Neo, adding to competitive pressure in PCs and reminding investors that Apple faces rivals across multiple hardware categories. Dell Stock Extends Massive Rally on Morgan Stanley Upgrade, New Apple-Rivaling Laptop

Insider Transactions at Apple

In other news, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider directly owned 38,713 shares of the company’s stock, valued at $11,226,770. This represents a 3.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 30,002 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president directly owned 136,810 shares in the company, valued at $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,759 shares of company stock valued at $24,964,305 over the last 90 days. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AAPL. Evercore reiterated an “outperform” rating and set a $365.00 price objective on shares of Apple in a research note on Thursday, May 14th. Jefferies Financial Group set a $330.00 price objective on Apple in a research note on Wednesday, March 4th. UBS Group set a $296.00 price objective on Apple and gave the company a “neutral” rating in a research note on Friday, May 1st. Rosenblatt Securities boosted their price objective on Apple from $268.00 to $276.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Wedbush reiterated an “outperform” rating and set a $400.00 price objective (up from $350.00) on shares of Apple in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $310.31.

Apple Stock Down 1.8%

Shares of AAPL opened at $306.31 on Tuesday. The stock has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.72 and a beta of 1.09. Apple Inc. has a 1 year low of $195.07 and a 1 year high of $315.00. The business’s 50 day simple moving average is $276.58 and its 200-day simple moving average is $270.28. 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 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 for the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. As a group, equities analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple’s payout ratio is currently 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.