12,970 Shares in Apple Inc. $AAPL Acquired by Global Trust Wealth Management LLC

Key Points

• Global Trust Wealth Management LLC opened a new position in Apple during the fourth quarter, buying 12,970 shares worth about $3.53 million. Apple now makes up about 2.6% of the firm’s holdings and is its ninth-largest position.
• Apple’s latest quarterly results beat expectations, with EPS of $2.01 versus estimates of $1.95 and revenue of $111.18 billion topping forecasts. Revenue rose 16.6% year over year, and analysts expect full-year EPS of 8.74.
• The company also raised its dividend to $0.27 per share quarterly, while analyst sentiment remains constructive with a consensus rating of Moderate Buy and an average price target of $308.74.

Global Trust Wealth Management LLC acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,970 shares of the iPhone maker's stock, valued at approximately $3,526,000. Apple comprises about 2.6% of Global Trust Wealth Management LLC's holdings, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Isthmus Partners LLC lifted 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 lifted its holdings in Apple by 110.9% during the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after purchasing an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its holdings in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. LSV Asset Management purchased a new position in Apple during the fourth quarter valued at approximately $65,000. Finally, 49 Wealth Management LLC lifted its holdings in Apple by 15.7% during the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock valued at $76,000 after purchasing an additional 40,543 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Price Performance

Apple stock opened at $298.97 on Wednesday. The company has a market cap of $4.39 trillion, a price-to-earnings ratio of 36.15, a PEG ratio of 2.59 and a beta of 1.06. The firm's fifty day moving average is $266.95 and its 200 day moving average is $267.88. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Apple Inc. has a 52-week low of $193.46 and a 52-week high of $303.20.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple's revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 earnings per share. Sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently declared 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. 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple's payout ratio is currently 13.06%.

Insider Buying and Selling at Apple

In other Apple news, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 64,949 shares of the business's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer owned 3,280,418 shares in the company, valued at $833,980,668.14. This trade 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 97,759 shares of company stock worth $24,964,305 in the last ninety days. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AAPL shares. Scotiabank set a $330.00 price target on shares of Apple in a report on Monday, February 2nd. Stephens set a $315.00 price target on shares of Apple in a report on Monday, January 26th. Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Tuesday, April 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Friday, May 1st. Finally, Phillip Securities raised shares of Apple from a "moderate sell" rating to a "hold" rating in a report on Sunday, February 1st. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $308.74.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is rolling out new Apple Intelligence features, including AI-powered accessibility tools and planned iOS 27 upgrades such as smarter writing help, Shortcuts improvements, and wallpaper features, reinforcing the view that AI can drive the next phase of growth. Apple announces Apple Intelligence powered accessibility feature updates
• Positive Sentiment: Multiple recent articles highlight Apple’s Services business as a major profit engine, suggesting investors are starting to value Apple less as just an iPhone maker and more as a higher-margin platform company. AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth
• Positive Sentiment: Apple remains near record levels, with commentary pointing to strong iPhone and Services performance and analyst targets well above current trading ranges, which supports the bullish valuation narrative. Apple Trades Close to 52-Week High: Buy, Sell or Hold the Stock?
• Positive Sentiment: Institutional investors continue to add Apple exposure, including a new near-$1 billion stake from Viking Global, signaling ongoing big-money confidence in AAPL. Viking Global Opens Fresh Apple Stake Worth Nearly $1 Billion As Big Tech Trade Roars Back
• Neutral Sentiment: Apple’s return of Fortnite to the App Store removes one high-profile friction point, but it also keeps attention on Apple’s App Store control and ongoing platform disputes. Fortnite Returns to the App Store Amid Clashes With Apple
• Negative Sentiment: An Indian court ordered Apple to fully cooperate in an App Store antitrust probe, adding to regulatory risk around Apple’s platform practices and potential penalties. Indian court tells Apple to 'cooperate' in antitrust case
• Negative Sentiment: Samsung and Google unveiled AI smart glasses to challenge Meta and Apple, underscoring intensifying competition in next-generation consumer AI hardware. Samsung and Google Announce AI Smart Glasses to Challenge Meta and Apple
• Negative Sentiment: Reuters reported that Apple’s global Formula 1 streaming ambitions may take time to expand beyond the U.S. because of differing international media-rights cycles, limiting the near-term boost from that deal. After U.S. deal, Apple's global F1 push may take time

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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