Apple Inc. $AAPL is CFO Capital Management LLC's 2nd Largest Position

CFO Capital Management LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,973 shares of the iPhone maker's stock after selling 1,904 shares during the quarter. Apple makes up about 7.7% of CFO Capital Management LLC's holdings, making the stock its 2nd largest position. CFO Capital Management LLC's holdings in Apple were worth $10,280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lifetime Wealth Management P.C. purchased a new stake in shares of Apple in the fourth quarter valued at about $41,000. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $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 acquired a new position in shares of Apple during the 4th quarter worth approximately $69,000. Finally, Inspire Investing LLC purchased a new stake in Apple in the 4th quarter valued at approximately $76,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AAPL. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research report on Tuesday, June 9th. HSBC raised shares of Apple from a "hold" rating to a "buy" rating and boosted their price objective for the company from $260.00 to $366.00 in a research report on Thursday, July 16th. Wedbush restated an "outperform" rating and set a $400.00 target price on shares of Apple in a research report on Friday, June 5th. Morgan Stanley set a $364.00 price target on Apple and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Tigress Financial reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $327.40.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone demand and steady pricing are expected to produce Apple’s strongest June-quarter revenue growth in five years. Analysts are also watching for contributions from Services, Mac, and iPhone 17 shipments. Apple set for strongest June-quarter sales growth in 5 years
• Positive Sentiment: Apple’s new Apple Upgrade program, powered by Klarna, lets U.S. customers lease iPhones, Macs, iPads, and Apple Watches through monthly payments. The initiative could lower upfront costs, increase upgrade frequency, and support device sales. Apple launches US device leasing program with Klarna
• Positive Sentiment: Erste Group modestly raised its fiscal 2027 EPS forecast to $9.57 from $9.56, above the current-year consensus estimate of $8.76, reinforcing the bullish long-term earnings outlook.
• Neutral Sentiment: Apple’s record valuation reflects investor confidence in its relatively disciplined AI spending and improving product demand, while money has rotated away from Nvidia and other high-spending chip stocks. However, options markets imply a comparatively contained post-earnings move, suggesting much of the optimism may already be priced in. Apple Could Swing $170 Billion In Value After Earnings
• Negative Sentiment: Apple faces a leadership transition, with Tim Cook preparing for his final earnings call as CEO and hardware chief John Ternus scheduled to succeed him. Investors will seek evidence that the incoming CEO can sustain growth beyond the iPhone.
• Negative Sentiment: Proposed U.K. App Store rules could loosen Apple’s control over in-app payments and reduce commission revenue; Apple argues the measures amount to price regulation. Apple says UK App Store proposal amounts to price regulation
• Negative Sentiment: A federal lawsuit alleges a fraudulent Bitcoin wallet app remained available in Apple’s App Store, raising potential legal costs and renewed concerns about app-review and platform liability.

Apple Stock Performance

NASDAQ:AAPL opened at $338.19 on Thursday. The firm's fifty day simple moving average is $308.94 and its 200 day simple moving average is $280.73. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $344.57. The firm has a market capitalization of $4.97 trillion, a price-to-earnings ratio of 40.89, a PEG ratio of 2.94 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. The company's revenue was up 16.6% compared to the same quarter last year. As a group, equities research analysts expect that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Insider Activity at Apple

In related news, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company's stock.

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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