Apple Inc. $AAPL is Continuum Advisory LLC's 2nd Largest Position

Key Points

• Continuum Advisory LLC increased its Apple stake by 11.3% in the first quarter, making AAPL its 2nd-largest holding. The firm now owns 164,367 shares valued at about $41.7 million.
• Apple’s biggest near-term catalyst is a Broadcom chip deal that could boost U.S. chip production, improve supply-chain resiliency, and support its long-term AI and hardware strategy. Investors appear to view the agreement as a positive signal for future product launches and margin stability.
• Apple faces some regulatory pressure after losing an EU court challenge tied to the Digital Markets Act, but analysts remain broadly constructive. The stock also got support from a strong quarter, with revenue and EPS beating expectations and the company recently raising its dividend.

Continuum Advisory LLC lifted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 11.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,367 shares of the iPhone maker's stock after buying an additional 16,713 shares during the quarter. Apple comprises 4.0% of Continuum Advisory LLC's portfolio, making the stock its 2nd biggest holding. Continuum Advisory LLC's holdings in Apple were worth $41,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AAPL. Reyes Financial Architecture Inc. lifted its stake in shares of Apple by 0.4% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after buying an additional 37 shares in the last quarter. WESPAC Advisors LLC boosted its stake in shares of Apple by 0.3% in the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock worth $3,351,000 after acquiring an additional 39 shares during the period. Interactive Financial Advisors Inc. grew its position in shares of Apple by 4.0% during the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after purchasing an additional 40 shares in the last quarter. Sugar Maple Asset Management LLC grew its position in shares of Apple by 2.0% during the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock worth $515,000 after purchasing an additional 40 shares in the last quarter. Finally, Orion Investment Co raised its stake in Apple by 0.3% during the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker's stock valued at $3,902,000 after purchasing an additional 41 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: The Broadcom agreement should improve Apple’s supply chain resiliency, reduce reliance on overseas suppliers, and strengthen its domestic manufacturing story. Apple to increase spend with Broadcom to produce billions more U.S. chips
• Positive Sentiment: Wall Street is also taking the deal as a sign that Apple is investing aggressively in its long-term chip and AI infrastructure, which could support future product launches and margin stability. Apple Announces Broadcom Chip Deal Worth More Than $30 Billion
• Neutral Sentiment: Apple also lost an EU court challenge to the bloc’s Digital Markets Act, leaving its App Store and iOS under tougher antitrust obligations in Europe, but investors appear to be focusing more on the chip deal today. EU court rejects Apple's challenge against EU rules reining in Big Tech
• Neutral Sentiment: Separately, JPMorgan said recent hardware price increases are unlikely to hurt demand, reinforcing the view that Apple’s pricing power remains intact heading into earnings later this month. Apple price hikes unlikely to hurt demand, JPMorgan says as it raises PT

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore reissued an "outperform" rating on shares of Apple in a report on Wednesday. Bank of America reiterated a "buy" rating and set a $380.00 price objective on shares of Apple in a research report on Thursday, June 18th. Wells Fargo & Company reissued an "overweight" rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a report on Friday, May 1st. DA Davidson restated a "neutral" rating and set a $270.00 target price on shares of Apple in a research report on Friday, May 1st. Finally, Barclays reaffirmed an "underweight" rating on shares of Apple in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $314.85.

Insider Buying and Selling at Apple

In other Apple news, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the sale, the chief financial officer directly owned 13,366 shares of the company's stock, valued at $3,675,650. The trade was a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ben Borders sold 116 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 2,924 shares of company stock valued at $825,546. Corporate insiders own 0.06% of the company's stock.

Apple Stock Up 0.9%

NASDAQ AAPL opened at $313.39 on Thursday. Apple Inc. has a 52 week low of $201.50 and a 52 week high of $317.40. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average of $297.74 and a two-hundred day moving average of $274.68. The firm has a market capitalization of $4.60 trillion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.70 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm's revenue for the quarter 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, analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid a $0.27 dividend. The ex-dividend date was Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's payout ratio is 13.06%.

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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