Stronghold Wealth Management L.L.C. purchased a new position in Apple Inc. (NASDAQ:AAPL – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,830 shares of the iPhone maker’s stock, valued at approximately $1,041,000. Apple accounts for about 1.5% of Stronghold Wealth Management L.L.C.’s holdings, making the stock its 10th biggest position.
Other large investors have also recently modified their holdings of the company. Overbrook Management Corp lifted its position in Apple by 57.4% during the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock valued at $28,449,000 after purchasing an additional 38,174 shares during the last quarter. Tufton Capital Management lifted its position in Apple by 4.3% during the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock valued at $25,496,000 after purchasing an additional 4,157 shares during the last quarter. Torren Management LLC bought a new position in Apple during the fourth quarter valued at $1,178,000. KBC Group NV lifted its position in Apple by 3.1% during the fourth quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock valued at $1,915,172,000 after purchasing an additional 214,215 shares during the last quarter. Finally, Montis Financial LLC lifted its position in Apple by 15.8% during the third quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker’s stock valued at $19,841,000 after purchasing an additional 10,640 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Analyst Ratings Changes
Several research firms have commented on AAPL. BNP Paribas Exane upgraded shares of Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price objective for the company in a research report on Friday, April 17th. Morgan Stanley reiterated an “overweight” rating on shares of Apple in a research report on Monday. Barclays reiterated an “underweight” rating and set a $253.00 price objective (up from $248.00) on shares of Apple in a research report on Friday, May 1st. Wells Fargo & Company reissued an “overweight” rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Finally, UBS Group reissued a “neutral” rating on shares of Apple in a research note on Wednesday. One equities research 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 issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.82.
Insider Activity at Apple
In related news, CEO Timothy D. Cook sold 64,949 shares of the firm’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 transaction, the chief executive officer owned 3,280,418 shares of the company’s stock, valued at $833,980,668.14. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction dated 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 $3,675,650. This represents a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 97,759 shares of company stock worth $24,964,305. 0.06% of the stock is currently owned by corporate insiders.
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple’s WWDC keynote is expected to highlight a revamped Siri, Apple Intelligence updates, and a broader AI strategy, which could act as a near-term catalyst if the company shows meaningful progress. Will WWDC Drive Apple Stock (AAPL) Higher? Here’s What Analysts Expect
- Positive Sentiment: Analysts remain constructive, with Citi reiterating a Buy and Wedbush reaffirming Outperform with a $400 target, citing Apple’s AI inflection point and resilient iPhone fundamentals. Asiya Merchant Reiterates Buy on Apple, Citing AI Strategy Inflection and Resilient iPhone Fundamentals
- Positive Sentiment: Apple’s App Store update showed $1.4 trillion in sales and billings last year, reinforcing the scale of its Services ecosystem even as most transactions did not carry a commission. Apple touts $1.4 trillion in App Store billings and sales, 90% without a commission
- Positive Sentiment: Foxconn raised its second-quarter outlook, a constructive signal for Apple’s supply chain and iPhone demand, since Foxconn is Apple’s top iPhone assembler. Taiwan’s Foxconn raises guidance for second-quarter outlook
- Neutral Sentiment: Reports that Apple may rely on Google cloud infrastructure and Nvidia chips to power a redesigned Siri suggest the company is prioritizing speed to market, but they also underscore that Apple is leaning on outside partners for its AI push. Apple Taps Google to Prep Siri For September Revamp
- Negative Sentiment: Some coverage warns that Apple still faces a high bar to justify its valuation, and UBS noted decelerating App Store growth could pressure the Services growth story if AI execution disappoints. Investors Should Worry About Apple’s (AAPL) Decelerating App Store Growth, Says UBS
Apple Trading Down 1.2%
Shares of AAPL opened at $307.34 on Friday. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $316.94. The company has a market cap of $4.51 trillion, a P/E ratio of 37.16, a P/E/G ratio of 2.71 and a beta of 1.09. 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’s fifty day simple moving average is $281.39 and its 200-day simple moving average is $271.37.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share 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 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 prior year, the firm posted $1.65 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, analysts expect that Apple Inc. will post 8.74 EPS for the current 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. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is 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.
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