Adirondack Capital Advisors LLC Buys Shares of 9,411 Apple Inc. $AAPL

Key Points

• Adirondack Capital Advisors opened a new Apple position in the fourth quarter, buying 9,411 shares worth about $2.56 million, making Apple its 16th-largest holding.
• Institutional ownership remains strong, with major funds like Vanguard, State Street, Geode, and Northern Trust also increasing their Apple stakes; overall, institutions own about 67.73% of the stock.
• Apple’s latest results topped expectations, with quarterly EPS of $2.01 and revenue of $111.18 billion, while the company also raised its dividend from $0.26 to $0.27 per share.

Adirondack Capital Advisors LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,411 shares of the iPhone maker's stock, valued at approximately $2,559,000. Apple makes up about 1.7% of Adirondack Capital Advisors LLC's holdings, making the stock its 16th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Apple by 1.9% during 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 period. State Street Corp grew its position in Apple by 0.9% in the second quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock worth $123,358,461,000 after acquiring an additional 5,224,229 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Apple by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock worth $72,506,336,000 after purchasing an additional 4,942,638 shares during the last quarter. Norges Bank acquired a new position in shares of Apple during the 2nd quarter worth $38,942,255,000. Finally, Northern Trust Corp increased its stake in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Activity at Apple

In other news, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction 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 transaction, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 97,759 shares of company stock valued at $24,964,305 in the last 90 days. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on AAPL. BNP Paribas Exane upgraded shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target on the stock in a research note on Friday, April 17th. KeyCorp reaffirmed a "sector weight" rating on shares of Apple in a report on Thursday, March 12th. Jefferies Financial Group set a $330.00 price objective on shares of Apple in a report on Wednesday, March 4th. Tigress Financial reaffirmed a "strong-buy" rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Friday, May 1st. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $310.31.

Apple Price Performance

NASDAQ:AAPL opened at $315.20 on Wednesday. The stock has a market cap of $4.63 trillion, a P/E ratio of 38.11, a PEG ratio of 2.67 and a beta of 1.09. Apple Inc. has a one year low of $195.07 and a one year high of $315.45. The company has a fifty day moving average price of $276.58 and a 200 day moving average price of $270.28. 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 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. 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 business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 EPS. Analysts anticipate that Apple Inc. will post 8.74 earnings per share 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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, May 11th. This is an increase from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio is currently 13.06%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investor optimism is building ahead of WWDC, with Apple expected to unveil key AI features that could improve Siri and strengthen its software ecosystem. Article Title
• Positive Sentiment: Apple’s MacBook Neo is reportedly gaining traction with new buyers, suggesting the company is still expanding its hardware appeal beyond its core customer base. Article Title
• Positive Sentiment: Analysts have been lifting targets on AAPL ahead of WWDC, reflecting confidence that Apple’s AI strategy and software roadmap could reaccelerate growth. Article Title
• Neutral Sentiment: New Apple Wallet bill-splitting and payment-request features may help deepen engagement, but the immediate stock impact is less clear because the move is incremental rather than transformative. Article Title
• Neutral Sentiment: Apple is being discussed as a potentially overvalued stock after its recent rally, which could limit upside if WWDC disappoints expectations. Article Title
• Negative Sentiment: Dell and Nvidia have intensified competition in PCs and laptops, pressuring Apple’s positioning in hardware categories like the MacBook Neo. Article Title

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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