6,980 Shares in Apple Inc. $AAPL Bought by Juno Financial Group LLC

Key Points

• Juno Financial Group LLC opened a new position in Apple during the fourth quarter, buying 6,980 shares worth about $1.9 million.
• Apple reported better-than-expected fiscal Q2 results, 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 from $0.26, while analysts maintain a consensus Moderate Buy rating with an average price target of $308.74.

Juno Financial Group LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,980 shares of the iPhone maker's stock, valued at approximately $1,898,000.

Other institutional investors have also modified their holdings of the company. Sellwood Investment Partners LLC raised its stake in shares of Apple by 110.9% during the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after buying an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC raised its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management purchased a new position in shares of Apple during the 4th quarter valued at about $65,000. PayPay Securities Corp raised its stake in shares of Apple by 52.1% during the 4th quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock valued at $99,000 after buying an additional 125 shares during the last quarter. Finally, eCIO Inc. purchased a new position in shares of Apple during the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Price Performance

NASDAQ:AAPL opened at $302.25 on Thursday. Apple Inc. has a 52 week low of $193.46 and a 52 week high of $303.20. 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 has a market capitalization of $4.44 trillion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.60 and a beta of 1.06. The stock's 50-day moving average price is $267.80 and its 200-day moving average price is $268.10.

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

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. 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 dividend on an annualized basis and a dividend yield of 0.4%. Apple's payout ratio is 13.06%.

Insiders Place Their Bets

In related news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the sale, the insider owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,759 shares of company stock valued at $24,964,305 over the last quarter. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent research reports. Maxim Group upgraded Apple from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a research note on Friday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research note on Friday, May 1st. Jefferies Financial Group set a $330.00 price objective on Apple in a research note on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price objective on Apple from $315.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Finally, Monness Crespi & Hardt lifted their price objective on Apple from $315.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $308.74.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s App Store fraud prevention system blocked $2.2 billion in fraudulent transactions last year, underscoring the strength and scale of its Services ecosystem. Apple uses AI and human reviews to prevent $2.2B in potential App Store fraud
• Positive Sentiment: Analysts continue to point to Services as a major growth driver for Apple, which could support earnings even as iPhone growth matures. AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth
• Positive Sentiment: Apple is reportedly offering China price cuts for the 618 holiday, a move that could help its sales and market-share push in a competitive market. Apple cutting prices in China for 618 holiday likely to aid market share push: Wedbush
• Neutral Sentiment: Apple received some favorable media attention after Google’s I/O event, with commentary suggesting Google’s AI showcase may have strengthened expectations that Apple will have room to compete aggressively at WWDC. Google I/O 2026 had nothing to say and said it badly ahead of Apple's WWDC
• Neutral Sentiment: Reports that Apple is reorganizing its hardware team and pushing more AI-powered features suggest a product-development refresh, but the impact on near-term earnings is unclear. Apple reportedly plans hardware team shake up to ramp up future devices
• Negative Sentiment: KeyBanc turned cautious on Apple, warning that valuation looks stretched and suggesting the stock may be due for profit-taking. KeyBanc Turns Cautious on Apple Stock as Valuation Concerns Grow. It’s Due for Profit-Taking.
• Negative Sentiment: Apple remains exposed to regulatory and strategic risks, including an Indian court order to cooperate in an App Store antitrust probe and ongoing concerns about AI feature delays. Apple ordered by Indian court to 'fully cooperate' in iPhone App Store antitrust probe

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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