Adelphi Trust Co Buys Shares of 21,203 Apple Inc. $AAPL

Key Points

• Adelphi Trust Co initiated a new position in Apple during the fourth quarter, buying 21,203 shares valued at about $5.76 million. Apple now makes up 4.7% of the firm’s portfolio and is its fourth-largest holding.
• Apple continues to attract strong institutional interest, with hedge funds and investment firms owning about 67.73% of the stock. Several large investors also increased their stakes in the latest quarter.
• Analysts remain broadly bullish on Apple, with a consensus rating of Moderate Buy and a target price of about $305.74. Recent catalysts include higher price targets tied to AI potential, a reported Intel chip-making agreement, and Apple’s latest earnings beat and dividend increase.

Adelphi Trust Co bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,203 shares of the iPhone maker's stock, valued at approximately $5,764,000. Apple comprises approximately 4.7% of Adelphi Trust Co's investment portfolio, making the stock its 4th largest holding.

Other large investors also recently bought and sold shares of the company. LBP AM SA increased its stake in shares of Apple by 10.8% during the 4th quarter. LBP AM SA now owns 1,471,769 shares of the iPhone maker's stock valued at $400,115,000 after acquiring an additional 143,614 shares during the last quarter. Roman Butler Fullerton & Co. increased its stake in shares of Apple by 2.0% during the 4th quarter. Roman Butler Fullerton & Co. now owns 60,789 shares of the iPhone maker's stock valued at $15,097,000 after acquiring an additional 1,217 shares during the last quarter. PFG Investments LLC increased its stake in shares of Apple by 2.8% during the 4th quarter. PFG Investments LLC now owns 531,586 shares of the iPhone maker's stock valued at $144,517,000 after acquiring an additional 14,556 shares during the last quarter. XY Planning Network Inc. increased its stake in shares of Apple by 49.8% during the 4th quarter. XY Planning Network Inc. now owns 25,550 shares of the iPhone maker's stock valued at $6,946,000 after acquiring an additional 8,495 shares during the last quarter. Finally, PayPay Securities Corp increased its stake in Apple by 52.1% during the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock worth $99,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on AAPL shares. Stifel Nicolaus set a $330.00 price target on Apple in a research note on Monday, March 2nd. Maxim Group upgraded Apple from a "hold" rating to a "buy" rating and set a $300.00 price target for the company in a research note on Friday, January 30th. Wells Fargo & Company restated an "overweight" rating and set a $310.00 price target (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Robert W. Baird set a $310.00 price target on Apple in a research note on Friday, May 1st. Finally, Citigroup restated a "buy" rating on shares of Apple in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $305.74.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Wedbush lifted Apple’s price target to $400 and said AI could drive a major growth wave for AAPL. Apple price target boosted by Wedbush on AI monetization expectations
• Positive Sentiment: Reports that Apple reached a preliminary chip-making deal with Intel boosted confidence in Apple’s manufacturing strategy and supply chain flexibility. Apple, Intel Have Reached Preliminary Chip-Making Agreement
• Positive Sentiment: Analysts see WWDC as a potential inflection point, with upcoming AI-related software features seen as a possible catalyst for Apple’s next leg higher. Apple’s biggest bull is now calling for a 37% stock jump
• Neutral Sentiment: Apple remains near its recent highs after strong quarterly results, keeping investor expectations elevated ahead of the next catalyst. Dow Jones Futures: Market At Highs With Iran, Trump-Xi Summit In Focus; Apple, Nvidia, Boeing In Buy Areas
• Negative Sentiment: Apple also faces ongoing legal and regulatory noise, including a Siri settlement and App Store antitrust disputes, which could weigh on sentiment if they escalate. Apple promised a smarter Siri, but a lawsuit says it didn’t deliver—and you can get up to $95 back

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $293.25 on Friday. The company has a market cap of $4.31 trillion, a P/E ratio of 35.46, a PEG ratio of 2.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a one year low of $193.46 and a one year high of $294.76. The business's 50-day simple moving average is $261.85 and its 200 day simple moving average is $266.04.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $109.46 billion. During the same period last year, the business posted $1.65 EPS. The company's revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.27 per share. This is a boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple's payout ratio is 12.58%.

Insider Buying and Selling at Apple

In other Apple news, 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 completion of the sale, the senior vice president owned 136,810 shares in the company, valued at $34,934,433.50. This trade represents a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company's stock, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 96,485 shares of company stock worth $24,594,845 in the last 90 days. 0.06% of the stock is owned by corporate 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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