Apple Inc. $AAPL is Exencial Wealth Advisors LLC's Largest Position

Key Points

• Exencial Wealth Advisors trimmed its Apple stake by 5.6% in the fourth quarter, but Apple remains its largest holding. The fund still owned 447,949 shares valued at about $121.8 million.
• Apple reported strong quarterly results, with earnings of $2.01 per share topping estimates and revenue of $111.18 billion also beating forecasts. Revenue rose 16.6% year over year, and analysts expect full-year EPS of 8.74.
• The company raised its quarterly dividend to $0.27 per share, up from $0.26. Meanwhile, analysts remain broadly positive, with a consensus rating of Moderate Buy and an average price target of $310.31.

Exencial Wealth Advisors LLC reduced its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 447,949 shares of the iPhone maker's stock after selling 26,469 shares during the quarter. Apple makes up about 3.8% of Exencial Wealth Advisors LLC's holdings, making the stock its largest position. Exencial Wealth Advisors LLC's holdings in Apple were worth $121,779,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Reyes Financial Architecture Inc. boosted its holdings in shares of Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock worth $2,520,000 after acquiring an additional 37 shares during the period. WESPAC Advisors LLC boosted its holdings 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. American Alpha Advisors LLC boosted its holdings in shares of Apple by 3.7% in the third quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker's stock worth $293,000 after acquiring an additional 41 shares during the period. Seven Springs Wealth Group LLC boosted its holdings in shares of Apple by 0.3% in the third quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker's stock worth $3,934,000 after acquiring an additional 42 shares during the period. Finally, Avant Capital LLC boosted its holdings in shares of Apple by 0.9% in the third quarter. Avant Capital LLC now owns 4,814 shares of the iPhone maker's stock worth $1,226,000 after acquiring an additional 43 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of Apple stock opened at $310.85 on Thursday. Apple Inc. has a 52-week low of $195.07 and a 52-week high of $313.26. The stock has a market capitalization of $4.57 trillion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. The company has a fifty day moving average of $273.03 and a 200-day moving average of $269.45. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The company's revenue was up 16.6% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a dividend of $0.27 per share. 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 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio (DPR) is currently 13.06%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the company's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the sale, the chief executive officer directly owned 3,280,418 shares in the company, valued at $833,980,668.14. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company's stock, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 97,759 shares of company stock valued at $24,964,305. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AAPL. Royal Bank Of Canada set a $325.00 price target on Apple in a report on Monday, February 2nd. Wedbush reaffirmed an "outperform" rating and issued a $400.00 price target (up from $350.00) on shares of Apple in a report on Friday, May 8th. Rosenblatt Securities increased their price objective on Apple from $268.00 to $276.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Evercore reiterated an "outperform" rating and issued a $365.00 price objective on shares of Apple in a research report on Thursday, May 14th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $330.00 price objective (up from $315.00) on shares of Apple in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average price target of $310.31.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target on Apple to $380, saying AI features and a redesigned Siri could drive substantial incremental revenue over the next few years. Article Title
• Positive Sentiment: Melius Research also boosted its outlook ahead of WWDC 2026, saying Apple could finally show “real AI sizzle,” which has helped fuel expectations for a stronger product cycle. Article Title
• Positive Sentiment: Multiple pieces highlight Apple’s recent stock strength, including new record highs and growing optimism that the company’s Services business and ecosystem remain resilient even as iPhone growth slows. Article Title
• Neutral Sentiment: News that Android smartphone makers may be hit harder than Apple by AI memory shortages could be relatively supportive for AAPL by comparison, but it is more of an industry backdrop than a direct catalyst. Article Title
• Neutral Sentiment: Several articles point to Apple trading near all-time highs and approaching a $5 trillion valuation, reinforcing bullish momentum, though these are mostly commentary rather than fresh company-specific developments. Article Title
• Negative Sentiment: Some investors remain cautious because iPhone shipment momentum is softening and Apple’s next major growth driver still needs to be proven at WWDC, which leaves room for disappointment if AI announcements underwhelm. Article Title
• Negative Sentiment: One Reuters item notes Apple and Google are pushing back against Canada’s online safety bill over encryption concerns, a regulatory issue that could create future headline risk. Article Title

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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