Global Financial Private Client LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 5.8% in the 1st quarter, Holdings Channel reports. The firm owned 53,809 shares of the iPhone maker’s stock after buying an additional 2,965 shares during the quarter. Apple accounts for 4.5% of Global Financial Private Client LLC’s portfolio, making the stock its 2nd biggest holding. Global Financial Private Client LLC’s holdings in Apple were worth $13,656,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of AAPL. Echo45 Advisors LLC increased its position in Apple by 32.3% in the 1st quarter. Echo45 Advisors LLC now owns 11,660 shares of the iPhone maker’s stock worth $2,959,000 after buying an additional 2,844 shares during the period. Factor Wealth Management LTD boosted its holdings in Apple by 0.6% in the 1st quarter. Factor Wealth Management LTD now owns 33,591 shares of the iPhone maker’s stock valued at $8,525,000 after purchasing an additional 202 shares during the period. Brian Low Financial Group LLC grew its position in Apple by 9.8% in the 1st quarter. Brian Low Financial Group LLC now owns 20,634 shares of the iPhone maker’s stock worth $5,237,000 after purchasing an additional 1,839 shares during the last quarter. Dopkins Wealth Management LLC grew its position in Apple by 49.1% in the 1st quarter. Dopkins Wealth Management LLC now owns 17,867 shares of the iPhone maker’s stock worth $4,535,000 after purchasing an additional 5,884 shares during the last quarter. Finally, Greenup Street Wealth Management LLC increased its holdings in shares of Apple by 1.5% during the 1st quarter. Greenup Street Wealth Management LLC now owns 30,550 shares of the iPhone maker’s stock worth $7,753,000 after purchasing an additional 437 shares during the period. 67.73% of the stock is currently owned by institutional investors.
Apple Stock Performance
NASDAQ AAPL opened at $294.38 on Thursday. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $317.40. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a market cap of $4.32 trillion, a P/E ratio of 35.60, a PEG ratio of 2.52 and a beta of 1.10. The company’s 50-day simple moving average is $293.69 and its 200 day simple moving average is $273.39.
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 positive change from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is presently 13.06%.
Wall Street Analyst Weigh In
AAPL has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Apple in a research report on Friday, June 26th. Evercore restated an “outperform” rating on shares of Apple in a research note on Monday, June 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Tuesday, June 9th. TD Cowen raised their price objective on Apple from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $276.00 price objective on shares of Apple in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $314.85.
Read Our Latest Report on Apple
Insider Buying and Selling at Apple
In other news, insider Ben Borders sold 116 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company’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 sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,924 shares of company stock worth $825,546. 0.06% of the stock is owned by insiders.
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: UBS said iPhone demand is improving in key markets, though it does not appear to be driven by Apple Intelligence. Apple’s (AAPL) iPhone Demand Is Improving, But AI Isn’t The Reason Why
- Positive Sentiment: Several articles highlighted Apple as a favored large-cap name, with bullish pieces citing seasonal strength, Warren Buffett-style appeal, and strong long-term fundamentals. This Stock is My Biggest Bet For July
- Neutral Sentiment: Apple’s AI expansion remains a focus, with reports saying the company is weaving AI deeper into services and hardware, but competition from Alphabet and Microsoft keeps expectations in check. Apple’s AI Expansion Aims to Boost Services Momentum: What’s Ahead?
- Negative Sentiment: Apple is dealing with a reported memory-chip crunch that has already forced price increases on some products, which could pressure margins and demand if costs stay elevated. Apple negotiates with blacklisted Chinese chipmakers amid AI-driven memory crunch
- Negative Sentiment: Supply-chain and cybersecurity concerns also weighed on sentiment after reports of a Tata Electronics breach exposed confidential iPhone 18 Pro-related information. Apple’s China Memory Push Could Be a Win for AAPL Stock
- Negative Sentiment: Regulatory pressure remains a risk, with Russia warning of a possible fine and the U.K. CMA targeting Apple’s App Store payment rules, which could eventually hit services revenue. Russia warns Apple of $52 million fine over alleged bias against local apps
About Apple
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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