5,268 Shares in Apple Inc. $AAPL Bought by Jacobs Equity LLC

Key Points

• Jacobs Equity LLC disclosed a new fourth-quarter stake in Apple, buying 5,268 shares valued at about $1.43 million. Apple now accounts for roughly 1.4% of the firm’s portfolio.
• Apple’s latest quarterly results beat expectations, with EPS of $2.01 versus the $1.95 estimate and revenue of $111.18 billion, up 16.6% year over year. The company also raised its quarterly dividend to $0.27 per share.
• Analysts remain mostly positive on AAPL, with several firms reiterating buy ratings and lifting price targets, including TD Cowen to $350 and Bank of America reportedly maintaining a $380 target. MarketBeat data shows a consensus rating of Moderate Buy.

Jacobs Equity LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,268 shares of the iPhone maker's stock, valued at approximately $1,432,000. Apple makes up approximately 1.4% of Jacobs Equity LLC's investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Overbrook Management Corp boosted its position in shares of Apple by 57.4% during the 4th 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 last quarter. Tufton Capital Management increased its position in Apple by 4.3% during the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after purchasing an additional 4,157 shares during the last quarter. Torren Management LLC acquired a new stake in Apple during the fourth quarter worth about $1,178,000. Adventist Health System Sunbelt Healthcare Corp purchased a new position in Apple during the fourth quarter worth about $105,482,000. Finally, KBC Group NV raised its stake in Apple by 3.1% during the fourth 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 during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Up 0.7%

Shares of AAPL stock opened at $298.01 on Friday. Apple Inc. has a 1-year low of $196.85 and a 1-year high of $317.40. The firm has a market cap of $4.38 trillion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. The company has a 50-day moving average of $288.95 and a two-hundred day moving average of $272.80. 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 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. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business's revenue was up 16.6% on a year-over-year basis. On average, analysts predict that Apple Inc. will post 8.75 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 $0.27 dividend. This is a boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple's payout ratio is 13.06%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AAPL shares. TD Cowen increased their price target on shares of Apple from $335.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $310.00 price target (up from $300.00) on shares of Apple in a research report on Friday, May 1st. UBS Group reiterated a "buy" rating on shares of Apple in a report on Tuesday, June 9th. Citigroup reiterated a "buy" rating on shares of Apple in a report on Monday, June 1st. Finally, Maxim Group reiterated a "buy" rating and issued a $350.00 price objective (up from $310.00) 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-three have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $314.59.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reiterated a Buy rating on Apple and kept a $380 price target, citing Apple’s pricing power, strong supply-chain position, and ability to manage rising memory costs. Article Title
• Positive Sentiment: President Trump said Apple will work with Intel to design and build chips in the U.S., raising hopes for a domestic supply-chain boost and stronger strategic positioning for Apple. Article Title
• Positive Sentiment: Analysts said Apple is relatively well positioned to weather the AI-driven memory shortage because of its scale, inventory, and supplier relationships, which may help protect hardware margins. Article Title
• Neutral Sentiment: Apple reportedly plans to raise prices across its product lineup, which could support margins but may also weigh on consumer demand if the increases are too large. Article Title
• Neutral Sentiment: Apple is also reportedly developing new AI wearables and a foldable iPhone for 2027, which supports the long-term product pipeline but is unlikely to affect near-term earnings. Article Title
• Negative Sentiment: Italy opened a Digital Markets Act probe into Apple’s cloud interoperability practices, adding another regulatory risk for the company in Europe. Article Title

Insider Transactions at Apple

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of the company's stock in a transaction 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 transaction, the senior vice president directly owned 136,810 shares in the company, valued at $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the firm's stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the transaction, the chief financial officer 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 disclosure for this sale is available in the SEC filing. Insiders sold 97,875 shares of company stock worth $24,998,541 in the last ninety days. 0.06% of the stock is owned by company insiders.

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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