Apple Inc. $AAPL is Burney Co.'s 2nd Largest Position

Key Points

• Burney Co. raised its Apple stake by 2.1% in Q4 to 442,313 shares (valued at about $120,247,000), making Apple roughly 3.7% of its holdings and the firm's 2nd-largest position.
• Apple beat Q2 expectations with $2.01 EPS versus $1.95 and $111.18B revenue, and management expanded capital returns — including a $100B share buyback and a dividend increase — while citing strong China/iPhone demand amid a worsening memory‑chip shortage.

Burney Co. lifted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 442,313 shares of the iPhone maker's stock after purchasing an additional 9,005 shares during the quarter. Apple accounts for approximately 3.7% of Burney Co.'s holdings, making the stock its 2nd biggest position. Burney Co.'s holdings in Apple were worth $120,247,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Overbrook Management Corp increased its holdings 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 buying an additional 38,174 shares in the last quarter. Highland Capital Management LLC increased its holdings in Apple by 2.2% in the 3rd quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker's stock worth $101,301,000 after buying an additional 8,446 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings 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 buying an additional 465,393 shares in the last quarter. Tufton Capital Management increased its holdings 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 buying an additional 4,157 shares in the last quarter. Finally, World Investment Advisors increased its holdings in Apple by 3.9% in the 3rd quarter. World Investment Advisors now owns 734,485 shares of the iPhone maker's stock worth $187,022,000 after buying an additional 27,445 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Q2 results beat and June-quarter guidance well above Street expectations, giving investors confidence in near-term sales momentum and margins. Apple stages sharpest rally in 9 months as execs cite iPhone, Mac demand in boosting guidance
• Positive Sentiment: Management expanded capital returns — a large share buyback ($100B) plus a dividend raise — which supports EPS and buyback-driven upside. Apple (AAPL) Stock: Q2 Earnings Beat ... and $100B Buyback
• Positive Sentiment: Stronger-than-expected demand in Greater China and for the iPhone 17 and Mac lineup (including Mac Mini demand for AI work) is driving top-line upside and a re-rating by some analysts. Apple's China sales jumped 28%: now analysts are rethinking AAPL
• Positive Sentiment: Multiple firms raised price targets and options activity surged, signaling bullish positioning and expectations for further upside. Analyst moves & options flow
• Neutral Sentiment: Apple signaled it is retiring its net-cash-neutral target — investors interpret this as freeing cash for a potential large AI acquisition, but timing and impact remain speculative. Apple just gave a subtle clue that a splashy AI acquisition may be in the cards
• Neutral Sentiment: Media/services expansion — Apple aims to grow its sports/TV footprint (Formula One content and TV deals), which supports longer-term services revenue diversification but is incremental near term. Apple's Cue expects F1 movie sequel...
• Negative Sentiment: Management warned that the global memory-chip shortage is worsening — that creates a real near-term cost/margin headwind and could force pricing or longer-term supplier commitments. Apple Warns the Memory Shortage Is Getting Worse
• Negative Sentiment: Some analysts remain cautious — Wall Street is split on whether the beat is sustainable versus one-time effects (tariff refunds, inventory/timing), leaving valuation and durability questions. Wall Street Splits on Apple After Q2 Beat

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AAPL shares. Oppenheimer reiterated a "market perform" rating on shares of Apple in a report on Friday, January 30th. TD Cowen restated a "buy" rating and set a $335.00 price target (up from $325.00) on shares of Apple in a research note on Friday. Citigroup restated a "buy" rating on shares of Apple in a research note on Tuesday, April 21st. Stephens set a $315.00 price target on Apple in a research note on Monday, January 26th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average target price of $304.31.

Apple Trading Up 0.0%

Apple stock opened at $280.19 on Monday. The business has a 50-day simple moving average of $260.73 and a two-hundred day simple moving average of $265.27. The company has a market cap of $4.11 trillion, a P/E ratio of 33.88, a P/E/G ratio of 2.51 and a beta of 1.06. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Apple Inc. has a 52-week low of $193.25 and a 52-week high of $288.62.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The company 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 firm's revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. Analysts predict that Apple Inc. will post 8.64 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors 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 dividend yield of 0.4%. Apple's dividend payout ratio is presently 13.06%.

Insider Activity at Apple

In related news, SVP Deirdre O'brien sold 30,002 shares of the business'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 in the company, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the business'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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 96,485 shares of company stock worth $24,594,845. 0.06% of the stock is owned by company 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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