Apple Inc. $AAPL Holdings Increased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. grew its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 552.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,320,981 shares of the iPhone maker's stock after purchasing an additional 1,965,265 shares during the period. Apple comprises about 4.0% of Harel Insurance Investments & Financial Services Ltd.'s investment portfolio, making the stock its 5th biggest holding. Harel Insurance Investments & Financial Services Ltd.'s holdings in Apple were worth $589,035,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AAPL. Rainier Family Wealth Inc. increased its position in shares of Apple by 14.1% during the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after acquiring an additional 3,014 shares during the last quarter. Torren Management LLC acquired a new position in shares of Apple in the 4th quarter worth approximately $1,178,000. Summit Wealth Partners LLC boosted its position in shares of Apple by 108.3% during the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock worth $8,880,000 after purchasing an additional 18,188 shares during the period. Adventist Health System Sunbelt Healthcare Corp purchased a new position in shares of Apple during the 4th quarter worth approximately $105,482,000. Finally, KBC Group NV increased its holdings in Apple by 3.1% in the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock valued at $1,915,172,000 after purchasing an additional 214,215 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $333.43 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a fifty day moving average price of $309.51 and a 200 day moving average price of $281.25. Apple Inc. has a 1-year low of $201.50 and a 1-year high of $344.57. The company has a market cap of $4.90 trillion, a PE ratio of 40.32, a P/E/G ratio of 2.92 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 EPS. Sell-side analysts forecast that Apple Inc. will post 8.76 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's dividend payout ratio (DPR) is currently 13.06%.

Analysts Set New Price Targets

Several research firms recently issued reports on AAPL. Bank of America reissued a "buy" rating and set a $380.00 target price on shares of Apple in a research note on Thursday, June 18th. Tigress Financial reiterated a "strong-buy" rating and set a $375.00 price target (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. Needham & Company LLC restated a "hold" rating on shares of Apple in a report on Tuesday, June 9th. Barclays reaffirmed an "underweight" rating on shares of Apple in a research note on Tuesday, June 9th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $276.00 target price on shares of Apple in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $327.40.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record June-quarter revenue of approximately $109.4 billion, up 16% year over year, while diluted EPS of $2.02 rose 29% and exceeded Wall Street expectations. Strong iPhone and Mac sales drove the results. Apple reports third quarter results
• Positive Sentiment: The company said its active installed base reached an all-time high, and iPhone, Mac and Services each posted June-quarter revenue records. Apple also declared a quarterly dividend of $0.27 per share. Apple Q3 revenue rises
• Neutral Sentiment: Apple indicated that a revamped Siri could eventually become a paid service for heavy users, offering a potential long-term monetization opportunity as the company expands its consumer-AI strategy. Tim Cook says Apple may charge for AI Siri
• Neutral Sentiment: Thursday marked Tim Cook’s final earnings call as CEO before he steps down in September, adding leadership-transition uncertainty despite incoming CEO John Ternus’s expected continuity.
• Negative Sentiment: Apple’s fiscal fourth-quarter revenue outlook of $111.7 billion to $113.7 billion was below the roughly $114.3 billion consensus estimate. The cautious forecast is a key reason the stock has decreased despite the quarterly beat.
• Negative Sentiment: The generative-AI hardware boom is driving severe memory and component shortages. Apple is stockpiling inventory, but CEO Tim Cook warned that the impact of higher memory prices will worsen, pressuring product margins and potentially requiring further price increases. The quarter’s 50.1% gross margin benefited by about two percentage points from tariff refunds, a benefit that may not recur. Apple stockpiles inventory
• Negative Sentiment: Services revenue missed expectations, with Apple citing a slowdown in gaming and the effects of App Store changes. Weaker-than-expected China performance also raised concerns about regional demand and competition.
• Negative Sentiment: With Apple valued near $5 trillion and trading at roughly 40 times earnings, investors had set very high expectations. That premium leaves less room for disappointment in growth, margins or guidance. Apple forecasts slower growth

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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