Apple Inc. $AAPL Holdings Raised by Earned Wealth Advisors LLC

Key Points

• Earned Wealth Advisors LLC boosted its Apple stake by 72.5% in the fourth quarter, ending with 179,254 shares valued at about $48.7 million.
• Apple’s latest quarterly results beat expectations, with EPS of $2.01 and revenue of $111.18 billion, while the company also approved a new $100 billion buyback and raised its dividend.
• Sentiment remains broadly positive: analysts such as Wedbush and Evercore ISI raised price targets, and investors are watching Apple’s AI strategy and upcoming catalysts like WWDC.

Earned Wealth Advisors LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 72.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 179,254 shares of the iPhone maker's stock after acquiring an additional 75,337 shares during the period. Apple makes up approximately 3.5% of Earned Wealth Advisors LLC's investment portfolio, making the stock its 7th largest holding. Earned Wealth Advisors LLC's holdings in Apple were worth $48,732,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Overbrook Management Corp boosted its position in Apple by 57.4% in the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock worth $28,449,000 after purchasing an additional 38,174 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in Apple by 48.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock worth $363,256,000 after purchasing an additional 465,393 shares in the last quarter. Tufton Capital Management boosted its position in Apple by 4.3% in the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after purchasing an additional 4,157 shares in the last quarter. Montis Financial LLC boosted its position in Apple by 15.8% in the 3rd quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker's stock worth $19,841,000 after purchasing an additional 10,640 shares in the last quarter. Finally, KBC Group NV boosted its position in Apple by 3.1% in the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock worth $1,915,172,000 after purchasing an additional 214,215 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s latest quarter was a clear beat, with revenue of $111.18 billion and EPS of $2.01 topping expectations, while management also approved a fresh $100 billion buyback and raised the dividend.
• Positive Sentiment: Evercore ISI raised its price target on Apple to $365 from $330 and reiterated an Outperform rating, citing strong Services growth and long-term earnings/free-cash-flow compounding.
• Positive Sentiment: Investor enthusiasm remains elevated around Apple’s AI roadmap, with reports pointing to WWDC as a potential catalyst and broader expectations that Apple can monetize AI through devices and Services.
• Positive Sentiment: China-related headlines may also help sentiment, as Xi Jinping told U.S. CEOs including Tim Cook that China will “open wider,” easing some concerns about Apple’s supply chain and market access.
• Neutral Sentiment: Apple is reportedly exploring new AI-agent support in the App Store and additional iOS features, which could support the ecosystem but are still early-stage product rumors.
• Neutral Sentiment: Security reports about vulnerabilities found in macOS/iOS are a reminder of cyber risks, but they do not yet appear to be a material earnings issue.
• Negative Sentiment: OpenAI is reportedly considering legal action against Apple over their ChatGPT partnership, raising the risk of a public dispute around Apple’s AI strategy.
• Negative Sentiment: Recent insider selling and a reported Foxconn ransomware incident may slightly temper sentiment, though neither looks large enough to outweigh the bullish earnings and analyst upgrades.

Insiders Place Their Bets

In other news, SVP Deirdre O'brien sold 30,002 shares of the company'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 transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at $34,934,433.50. This represents a 17.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the company's stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the transaction, the insider directly owned 38,713 shares of the company's stock, 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. In the last 90 days, insiders sold 97,759 shares of company stock valued at $24,964,305. Corporate insiders own 0.06% of the company's stock.

Apple Trading Down 0.2%

Shares of AAPL stock opened at $298.21 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 company has a market cap of $4.38 trillion, a price-to-earnings ratio of 36.06, a PEG ratio of 2.60 and a beta of 1.06. The stock has a 50 day simple moving average of $264.61 and a 200-day simple moving average of $267.25. Apple Inc. has a 1-year low of $193.46 and a 1-year high of $300.92.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 EPS. On average, equities research 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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio is currently 13.06%.

Analyst Ratings Changes

Several research firms have commented on AAPL. UBS Group set a $296.00 price objective on Apple and gave the stock a "neutral" rating in a research report on Friday, May 1st. Moffett Nathanson upped their price objective on Apple from $241.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. Wedbush restated an "outperform" rating and issued a $400.00 price objective (up from $350.00) on shares of Apple in a research report on Friday, May 8th. DA Davidson restated a "neutral" rating and issued a $270.00 price objective on shares of Apple in a research report on Friday, May 1st. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Apple in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $308.74.

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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