Apple Inc. $AAPL is ABN Amro Investment Solutions' 2nd Largest Position

Key Points

• ABN Amro Investment Solutions increased its Apple stake by 29.9% in the first quarter to 1.53 million shares valued at approximately $388.8 million, making Apple its second-largest holding and about 5.1% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, beating estimates, with revenue up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, representing a 0.3% annualized yield.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $330.44, although some firms downgraded the stock amid concerns over valuation, slowing Services growth, higher memory costs and policy risks.

ABN Amro Investment Solutions grew its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,531,854 shares of the iPhone maker's stock after purchasing an additional 352,439 shares during the period. Apple makes up about 5.1% of ABN Amro Investment Solutions' portfolio, making the stock its 2nd biggest holding. ABN Amro Investment Solutions' holdings in Apple were worth $388,769,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Lifetime Wealth Management P.C. purchased a new stake in Apple in the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. LSV Asset Management acquired a new position in shares of Apple during the 4th quarter worth approximately $65,000. Timmons Wealth Management LLC purchased a new position in Apple during the fourth quarter valued at $69,000. Finally, 49 Wealth Management LLC lifted its stake in Apple by 15.7% in the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock valued at $76,000 after buying an additional 40,543 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Up 0.5%

AAPL stock opened at $312.41 on Friday. The company has a fifty day moving average price of $309.43 and a 200 day moving average price of $283.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company has a market cap of $4.56 trillion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09. Apple Inc. has a 12 month low of $216.58 and a 12 month high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. Sell-side analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be given a dividend of $0.27 per share. The ex-dividend date 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 12.39%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AAPL shares. Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Wednesday, July 8th. China Renaissance cut Apple from a "buy" rating to a "hold" rating and set a $280.00 price target on the stock. in a research note on Tuesday. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a research note on Wednesday, July 15th. Jefferies Financial Group restated a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $330.44.

Insider Activity

In other news, insider Ben Borders sold 116 shares of Apple stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by company insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: App Store revenue rose 0.6% year over year to $3.4 billion during the first 35 days of Apple’s fiscal fourth quarter, despite a 4% decline in iPhone and iPad downloads. Revenue per download increased 4.7% to $1.02, suggesting stronger monetization and supporting the Services business. Apple App Store revenue ticks up despite falling downloads
• Positive Sentiment: Apple’s fiscal third-quarter revenue reached a June-quarter record of $109.4 billion, up 16% year over year, while earnings exceeded estimates. Reports also point to broad iPhone, Mac and Services demand, resilient iPhone sales and continued growth in India, providing a fundamental counterweight to recent market concerns. Apple’s Quarterly iPhone Sales Were Even Better Than They Seem
• Positive Sentiment: Some analysts and market commentators continue to recommend buying the pullback, arguing that Apple’s ecosystem, product pipeline and long-term earnings potential remain attractive despite near-term volatility. 3 Reasons to Buy Apple Stock on the Dip
• Neutral Sentiment: OpenAI asked a federal judge to dismiss Apple’s trade-secrets lawsuit, denying that it misappropriated confidential information through former Apple employees. The filing creates legal and reputational uncertainty, although the financial impact is not yet clear. OpenAI asks US judge to dismiss Apple’s trade secrets case
• Negative Sentiment: Analysts at Phillip Securities, DZ Bank and China Renaissance lowered their views on Apple to Moderate Sell or Hold. Concerns include slowing Services growth, elevated memory costs, supply constraints, policy risks and Apple’s premium valuation.
• Negative Sentiment: Services revenue grew about 12% to $30.7 billion, making it the slowest-growing of Apple’s three largest businesses. Tim Cook also warned that rising memory prices could pressure margins, while the CEO transition adds uncertainty after a record quarter. Tim Cook’s Last Quarter as CEO

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source