Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 61.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,090,648 shares of the iPhone maker’s stock after purchasing an additional 1,552,500 shares during the quarter. Apple comprises 5.7% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 2nd largest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Apple were worth $1,038,166,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of AAPL. Elevation Point Wealth Partners LLC boosted its position in shares of Apple by 136.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 590,038 shares of the iPhone maker’s stock valued at $149,746,000 after purchasing an additional 340,950 shares in the last quarter. Sharp Wealth Advisory LLC increased its holdings in shares of Apple by 34.3% in the first quarter. Sharp Wealth Advisory LLC now owns 8,264 shares of the iPhone maker’s stock valued at $2,097,000 after buying an additional 2,110 shares in the last quarter. Platform Technology Partners lifted its position in shares of Apple by 5.1% during the 1st quarter. Platform Technology Partners now owns 150,464 shares of the iPhone maker’s stock valued at $38,186,000 after acquiring an additional 7,338 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Apple by 1.9% during the 1st quarter. Sound Income Strategies LLC now owns 93,151 shares of the iPhone maker’s stock worth $23,812,000 after acquiring an additional 1,744 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its holdings in shares of Apple by 2.7% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 419,485 shares of the iPhone maker’s stock worth $106,461,000 after acquiring an additional 10,831 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
Apple Price Performance
Shares of Apple stock opened at $314.86 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The company has a market cap of $4.62 trillion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 2.76 and a beta of 1.10. The firm has a fifty day moving average price of $301.09 and a two-hundred day moving average price of $275.89. Apple Inc. has a fifty-two week low of $201.50 and a fifty-two week high of $323.45.
Apple Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.3%. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is 13.06%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating on shares of Apple in a research note on Tuesday, June 9th. Needham & Company LLC restated a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Barclays reiterated an “underweight” rating on shares of Apple in a report on Tuesday, June 9th. Wedbush reissued an “outperform” rating and issued a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Apple in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $313.11.
Read Our Latest Stock Analysis on Apple
Apple News Roundup
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Citi raised its price target on Apple to $365 and kept a Buy rating, arguing the company can keep gaining market share and may benefit from premium iPhone pricing and Apple Intelligence upside. Article Title
- Positive Sentiment: Apple continues to show strong smartphone performance, including record Q2 market share in China and reports that it has outperformed the broader smartphone slump, which supports the case for resilient demand. Article Title
- Positive Sentiment: Investors are also focusing on potential future catalysts such as a possible iPhone price increase and new product cycles, including foldable iPhone plans and AI-focused chip development. Article Title
- Neutral Sentiment: Apple’s lawsuit against OpenAI is keeping the stock in the headlines; it could protect Apple’s intellectual property and slow a competitor’s hardware push, but it also adds legal uncertainty. Article Title
- Neutral Sentiment: Broadcom’s multiyear chip agreement was described as strategically positive for Apple’s AI silicon efforts, but it is more of a longer-term support story than a direct near-term stock mover. Article Title
- Negative Sentiment: KeyBanc’s downgrade and related bearish commentary from other firms are the clearest reasons Apple stock is lower, with analysts warning that slowing iPhone upgrades and softer Services growth could limit further upside. Article Title
Insider Transactions at Apple
In other Apple news, CFO Kevan Parekh sold 1,534 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben Borders sold 1,274 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,924 shares of company stock worth $825,546. Company insiders own 0.06% of the company’s stock.
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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