Garde Capital Inc. Has $36.33 Million Stake in Apple Inc. $AAPL

Garde Capital Inc. raised its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 84.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,648 shares of the iPhone maker’s stock after buying an additional 61,297 shares during the quarter. Apple accounts for approximately 2.2% of Garde Capital Inc.’s holdings, making the stock its 10th biggest holding. Garde Capital Inc.’s holdings in Apple were worth $36,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Isthmus Partners LLC boosted its holdings in Apple by 6.4% during the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock valued at $25,000 after purchasing an additional 5,808 shares in the last quarter. Sellwood Investment Partners LLC grew its position in Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares during the period. LSV Asset Management bought a new stake in Apple in the fourth quarter valued at $65,000. Finally, 49 Wealth Management LLC grew its position in Apple by 15.7% in the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker’s stock valued at $76,000 after acquiring an additional 40,543 shares during the period. Institutional investors own 67.73% of the company’s stock.

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Apple News Summary

Here are the key news stories impacting Apple this week:

• Negative Sentiment: Investors were disappointed that Siri’s AI overhaul still appears behind rivals, with launch timing stretching into later this year and some features limited to the U.S. at first. Apple shares slide after big Siri AI reveal
• Negative Sentiment: Analysts warned that Apple is relying on Google Gemini/Nvidia infrastructure for parts of its advanced AI stack, raising questions about how much of the AI value capture Apple keeps in-house. Apple failed to make its AI tool to comply to EU regulations, EU Commission says
• Negative Sentiment: Morgan Stanley said the new Siri features may be held back by older iPhones, limiting the near-term upgrade cycle and the addressable installed base. Apple’s AI Siri will be held back by aging devices, Morgan Stanley says

Insiders Place Their Bets

In related news, insider Ben Borders sold 1,274 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 64,949 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the sale, the chief executive officer directly owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their position. 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 a total of 97,759 shares of company stock valued at $24,964,305 in the last quarter. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

AAPL has been the subject of several analyst reports. Tigress Financial reissued a “strong-buy” rating and set a $375.00 price target (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Needham & Company LLC restated a “hold” rating on shares of Apple in a research report on Tuesday. Morgan Stanley set a $325.00 price target on Apple in a report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Apple in a report on Tuesday. Finally, BNP Paribas Exane raised Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price target for the company in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $314.59.

Get Our Latest Stock Analysis on AAPL

Apple Stock Down 3.6%

Shares of NASDAQ AAPL opened at $290.55 on Wednesday. The firm has a market capitalization of $4.27 trillion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.63 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. Apple Inc. has a 1 year low of $195.07 and a 1 year high of $317.40. The firm’s 50-day moving average is $283.19 and its 200-day moving average is $271.79.

Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter last year, the business earned $1.65 earnings per share. The company’s revenue was up 16.6% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

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

About Apple

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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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