65,151 Shares in Apple Inc. $AAPL Acquired by SHP Wealth Management

Key Points

• SHP Wealth Management opened a new Apple position in the fourth quarter, buying 65,151 shares valued at about $17.7 million. Apple now makes up roughly 1.4% of the firm’s holdings.
• Apple continues to attract major institutional interest, with investors like Norges Bank, Nuveen, and Vanguard holding or adding large stakes. Overall, 67.73% of Apple’s stock is owned by hedge funds and other institutional investors.
• Recent Apple-related news is mixed: analysts are upbeat about its AI and enterprise growth, but Tim Cook warned that higher memory chip costs may force product price increases, and KGI Securities downgraded the stock to Neutral after its rally.

SHP Wealth Management acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,151 shares of the iPhone maker's stock, valued at approximately $17,712,000. Apple comprises approximately 1.4% of SHP Wealth Management's holdings, making the stock its 16th largest holding.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Apple in the 4th quarter valued at approximately $52,266,468,000. Nuveen LLC purchased a new stake in shares of Apple during the 1st quarter valued at approximately $17,472,482,000. Cardano Risk Management B.V. raised its position in shares of Apple by 890.7% during the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker's stock valued at $11,413,990,000 after buying an additional 37,746,784 shares during the period. Laurel Wealth Advisors LLC lifted its holdings in Apple by 20,464.8% in the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock valued at $5,553,753,000 after acquiring an additional 26,937,401 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Apple by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America said Apple’s WWDC 2026 AI announcements were a “material positive reset,” citing a more capable Siri that can understand context, screen content, and execute actions across apps and devices. Apple's WWDC 2026 AI strategy reset viewed positively by Bank of America
• Positive Sentiment: Analysts continue to point to Apple’s expanding enterprise footprint, AI push, and business tools as drivers that could support device shipments and sustained sales growth. Apple's Expanding Enterprise Footprint to Boost Sales: What's Ahead?
• Neutral Sentiment: Apple’s rumored chip partnership with Intel is being framed as a long-term domestic manufacturing catalyst, but it remains unconfirmed and more relevant to Intel’s rally than to Apple’s near-term fundamentals. Intel’s Surge on an Apple Chip Deal Means Investors Are Betting on Its Foundry
• Neutral Sentiment: A recent congressional trading report noted activity in several Magnificent Seven names, including Apple, but the disclosure did not indicate a company-specific operational change. New Congressman Is Selling Stocks: Here's The Six Magnificent Seven Names He Ditched
• Negative Sentiment: Tim Cook warned that Apple can no longer fully absorb rising memory chip costs, making product price hikes increasingly likely and raising margin concerns for investors. Tim Cook Warns Apple Product Price Hikes Are Unavoidable Due to Higher Chip Costs. What That Means for AAPL Stock.
• Negative Sentiment: KGI Securities downgraded Apple to Neutral, saying the stock’s recent rally leaves limited upside from current levels. Apple stock hit with major Wall Street downgrade

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. KeyCorp reissued a "sector weight" rating on shares of Apple in a research note on Tuesday, June 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research note on Monday, June 8th. Stifel Nicolaus set a $330.00 price target on Apple in a report on Monday, March 2nd. Wedbush reissued an "outperform" rating and set a $400.00 price objective on shares of Apple in a research report on Friday, June 5th. Finally, TD Cowen boosted their price objective on shares of Apple from $335.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $314.85.

Apple Stock Down 0.3%

NASDAQ:AAPL opened at $297.01 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock's fifty day moving average is $290.46 and its two-hundred day moving average is $272.98. Apple Inc. has a 52 week low of $198.96 and a 52 week high of $317.40. The stock has a market capitalization of $4.36 trillion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09.

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

Apple Increases Dividend

The company 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 is a positive change from Apple's previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple's dividend payout ratio (DPR) is 13.06%.

Insider Transactions at Apple

In other news, insider Ben Borders sold 1,274 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the transaction, the senior vice president owned 136,810 shares of the company's stock, valued at $34,934,433.50. This trade represents a 17.99% 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. In the last 90 days, insiders sold 97,875 shares of company stock valued at $24,998,541. 0.06% of the stock is owned by insiders.

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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