Bridgeway Capital Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 157,108 shares of the iPhone maker’s stock after buying an additional 3,894 shares during the period. Apple accounts for 0.9% of Bridgeway Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Bridgeway Capital Management LLC’s holdings in Apple were worth $42,711,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Overbrook Management Corp grew its holdings in Apple by 57.4% in the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock valued at $28,449,000 after buying an additional 38,174 shares during the last quarter. Tufton Capital Management lifted its position in shares of Apple by 4.3% in the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock worth $25,496,000 after acquiring an additional 4,157 shares during the period. Torren Management LLC bought a new stake in shares of Apple in the 4th quarter worth approximately $1,178,000. Adventist Health System Sunbelt Healthcare Corp bought a new stake in shares of Apple in the 4th quarter worth approximately $105,482,000. Finally, KBC Group NV lifted its position in shares of 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 period. 67.73% of the stock is owned by hedge funds and other institutional investors.
Apple Trading Down 1.1%
Shares of AAPL opened at $295.95 on Thursday. The stock has a fifty day moving average price of $288.06 and a two-hundred day moving average price of $272.66. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $195.07 and a 52-week high of $317.40. The company has a market cap of $4.35 trillion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.61 and a beta of 1.09.
Apple Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This is an increase from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio is presently 13.06%.
Insider Transactions at Apple
In other news, insider Ben Borders sold 116 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 97,875 shares of company stock worth $24,998,541. Insiders own 0.06% of the company’s stock.
Key Headlines Impacting Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple is reportedly preparing a second-generation iPhone Air for spring 2027, with upgrades including a second rear camera and better battery life, reinforcing the company’s longer-term product pipeline. Article Title
- Positive Sentiment: Several analysts reiterated bullish views after WWDC, arguing Apple’s AI strategy, ecosystem integration, and premium-services monetization could support further upside in AAPL. Article Title
- Positive Sentiment: One report said Apple is well positioned to navigate the AI memory crunch because it built up inventory, which could help protect margins versus rivals facing the same component shortage. Article Title
- Neutral Sentiment: Apple insider Ben Borders sold a small number of shares, but the filing says the sale was mainly to cover tax withholding tied to equity vesting, making it less concerning for investors. Article Title
- Negative Sentiment: CEO Tim Cook said price hikes across Apple’s lineup are “unavoidable” because AI-driven demand is pushing up memory and storage chip costs, raising concerns about margin pressure and possible consumer backlash. Article Title
- Negative Sentiment: Investors remain frustrated with Apple’s slower-than-expected AI rollout, and some coverage says the company still has to prove tangible progress after WWDC rather than just promise future updates. Article Title
- Negative Sentiment: Italy opened a Digital Markets Act probe into Apple’s cloud interoperability practices, adding a new regulatory overhang in Europe. Article Title
Wall Street Analysts Forecast Growth
AAPL has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of Apple in a research report on Monday, June 1st. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Barclays reiterated an “underweight” rating on shares of Apple in a research report on Tuesday, June 9th. KeyCorp reiterated a “sector weight” rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $314.59.
Check Out Our Latest Stock Report on Apple
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.
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