306,612 Shares in Apple Inc. $AAPL Acquired by 9823 Capital L.P.

Key Points

• 9823 Capital L.P. disclosed a new fourth-quarter position in Apple, buying 306,612 shares valued at about $83.4 million. Apple is now the fund’s largest holding, making up roughly 57.4% of its portfolio.
• Other institutions also adjusted their Apple stakes, with several funds adding shares and institutional ownership remaining high at 67.73% of the company. The article highlights continued broad investor interest in AAPL despite mixed near-term sentiment.
• Apple’s latest analyst coverage remains constructive overall, with a consensus rating of “Moderate Buy” and an average price target of $314.59. Recent reports included upgrades and reiterated bullish views tied to Apple’s AI strategy and ecosystem strength.

9823 Capital L.P. bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 306,612 shares of the iPhone maker's stock, valued at approximately $83,356,000. Apple makes up approximately 57.4% of 9823 Capital L.P.'s investment portfolio, making the stock its largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Overbrook Management Corp boosted its holdings in Apple by 57.4% during the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock valued at $28,449,000 after acquiring an additional 38,174 shares during the period. Tufton Capital Management boosted its holdings in Apple by 4.3% during the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock valued at $25,496,000 after acquiring an additional 4,157 shares during the period. Torren Management LLC bought a new stake in Apple during the fourth quarter valued at about $1,178,000. Adventist Health System Sunbelt Healthcare Corp bought a new stake in Apple during the fourth quarter valued at about $105,482,000. Finally, KBC Group NV boosted its holdings in Apple by 3.1% during the fourth quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock valued at $1,915,172,000 after acquiring an additional 214,215 shares during the period. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. BNP Paribas Exane upgraded shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target for the company in a report on Friday, April 17th. Rosenblatt Securities restated a "neutral" rating and set a $276.00 price target on shares of Apple in a report on Tuesday, June 9th. Robert W. Baird set a $310.00 price target on shares of Apple in a report on Friday, May 1st. Monness Crespi & Hardt upped their price target on shares of Apple from $315.00 to $335.00 and gave the company a "buy" rating in a report on Friday, May 1st. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $314.59.

Apple News Roundup

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

Apple Stock Down 1.1%

Shares of AAPL opened at $295.95 on Thursday. The stock has a market cap of $4.35 trillion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 2.61 and a beta of 1.09. 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 12 month low of $195.07 and a 12 month high of $317.40. The company has a 50-day moving average price of $288.06 and a two-hundred day moving average price of $272.66.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. The firm had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 earnings per share. Equities analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid a dividend of $0.27 per share. 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%. The ex-dividend date was Monday, May 11th. Apple's dividend payout ratio is 13.06%.

Insider Activity

In other news, CEO Timothy D. Cook sold 64,949 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 97,875 shares of company stock worth $24,998,541. Corporate 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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