Principal Financial Group Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,342,814 shares of the iPhone maker’s stock after purchasing an additional 348,745 shares during the quarter. Apple makes up about 2.9% of Principal Financial Group Inc.’s holdings, making the stock its 3rd biggest position. Principal Financial Group Inc. owned approximately 0.15% of Apple worth $5,416,593,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Rainier Family Wealth Inc. boosted its position in Apple by 14.1% during the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker’s stock valued at $6,189,000 after purchasing an additional 3,014 shares during the last quarter. Torren Management LLC acquired a new position in shares of Apple during the 4th quarter worth approximately $1,178,000. Summit Wealth Partners LLC increased its position in shares of Apple by 108.3% during the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker’s stock worth $8,880,000 after purchasing an additional 18,188 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp bought a new stake in shares of Apple during the 4th quarter worth approximately $105,482,000. Finally, KBC Group NV raised its stake in shares of Apple by 3.1% during the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock worth $1,915,172,000 after purchasing an additional 214,215 shares in the last quarter. 67.73% of the stock is owned by institutional investors.
Insider Activity at Apple
In related news, insider Ben Borders sold 116 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Apple
Apple News Summary
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Investor optimism is building ahead of earnings. Analysts expect continued strength in iPhone and Services revenue, while Goldman Sachs raised its price target and projected outperformance in iPhone and Mac sales. Options activity also indicates expectations for a substantial post-earnings move. Goldman raises Apple price target
- Positive Sentiment: Apple launched Apple Upgrade, a U.S. leasing program powered by Klarna. Customers can lease iPhones, Macs, iPads and Apple Watches through monthly payments, including iPhone plans starting at $17.99. The program could improve affordability, support upgrade frequency and broaden access to Apple’s hardware ecosystem. Apple launches US device leasing program with Klarna
- Neutral Sentiment: Apple’s privacy positioning is receiving favorable attention after users’ seemingly private Claude AI conversations appeared in Google search results. The publicity may reinforce Apple’s privacy brand, although the direct financial impact is unclear. Claude chats exposed in Google searches
- Negative Sentiment: Valuation and execution risks are elevated. KeyBanc remains bearish, citing slowing unit and user growth, while Apple’s premium earnings multiple leaves limited room for an earnings or outlook disappointment. Investors will closely watch iPhone demand, Services growth, margins and management commentary during Tim Cook’s final earnings call as CEO. Apple earnings preview
- Negative Sentiment: Rising memory and component costs could pressure hardware margins, particularly if tariffs restrict Apple’s access to lower-cost Chinese suppliers. Separately, a lawsuit alleges that a fraudulent Bitcoin wallet app on the App Store caused about $1.8 million in losses, creating a modest App Store oversight and reputational risk. Memory tariffs and Apple margins
Apple Trading Up 0.9%
Shares of Apple stock opened at $340.08 on Wednesday. The business has a fifty day simple moving average of $308.22 and a two-hundred day simple moving average of $280.18. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $342.89. The company has a market capitalization of $4.99 trillion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 2.91 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Research analysts forecast that Apple Inc. will post 8.76 EPS for the current year.
Apple Increases Dividend
The business also recently announced 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. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. 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 payout ratio is presently 13.06%.
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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