Apple Inc. $AAPL is Platform Technology Partners' Largest Position

Key Points

• Platform Technology Partners increased its Apple stake by 5.1% in Q1, making Apple its largest position at 7.4% of the portfolio. The firm now holds 150,464 shares worth about $38.2 million.
• Apple continues to attract institutional interest, with several hedge funds adding shares and 67.73% of the stock now owned by institutional investors. Insider selling was modest, including transactions by Ben Borders and CFO Kevan Parekh.
• Analysts remain broadly constructive on Apple, with a Moderate Buy consensus and an average price target of $313.11. Recent reports also highlighted upbeat catalysts such as stronger iPhone demand, a higher Citi target of $365, and possible upside from Apple Intelligence and future product cycles.

Platform Technology Partners raised its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,464 shares of the iPhone maker's stock after purchasing an additional 7,338 shares during the quarter. Apple accounts for 7.4% of Platform Technology Partners' portfolio, making the stock its largest position. Platform Technology Partners' holdings in Apple were worth $38,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lifetime Wealth Management P.C. acquired a new stake in Apple in the fourth quarter valued at $41,000. ROSS JOHNSON & Associates LLC grew its holdings in 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 acquiring an additional 180 shares in the last quarter. Timmons Wealth Management LLC acquired a new position in Apple during the 4th quarter worth $69,000. LSV Asset Management bought a new stake in shares of Apple in the 4th quarter worth about $65,000. Finally, Inspire Investing LLC bought a new stake in shares of Apple in the 4th quarter worth about $76,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Apple news, insider Ben Borders sold 116 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of 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 position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,924 shares of company stock worth $825,546. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AAPL shares. Oppenheimer restated a "market perform" rating on shares of Apple in a research note on Tuesday, June 9th. DA Davidson reissued a "neutral" rating and issued a $270.00 price objective on shares of Apple in a report on Friday, May 1st. Monness Crespi & Hardt upped their price objective on Apple from $315.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Maxim Group reaffirmed a "buy" rating and set a $350.00 target price (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. Finally, UBS Group set a $250.00 target price on Apple in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $313.11.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Citi raised its price target on Apple to $365 and kept a Buy rating, arguing the company can keep gaining market share and may benefit from premium iPhone pricing and Apple Intelligence upside. Article Title
• Positive Sentiment: Apple continues to show strong smartphone performance, including record Q2 market share in China and reports that it has outperformed the broader smartphone slump, which supports the case for resilient demand. Article Title
• Positive Sentiment: Investors are also focusing on potential future catalysts such as a possible iPhone price increase and new product cycles, including foldable iPhone plans and AI-focused chip development. Article Title
• Neutral Sentiment: Apple’s lawsuit against OpenAI is keeping the stock in the headlines; it could protect Apple’s intellectual property and slow a competitor’s hardware push, but it also adds legal uncertainty. Article Title
• Neutral Sentiment: Broadcom’s multiyear chip agreement was described as strategically positive for Apple’s AI silicon efforts, but it is more of a longer-term support story than a direct near-term stock mover. Article Title
• Negative Sentiment: KeyBanc’s downgrade and related bearish commentary from other firms are the clearest reasons Apple stock is lower, with analysts warning that slowing iPhone upgrades and softer Services growth could limit further upside. Article Title

Apple Price Performance

Shares of NASDAQ AAPL opened at $314.86 on Wednesday. Apple Inc. has a 1-year low of $201.50 and a 1-year high of $323.45. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The business's fifty day moving average price is $301.09 and its two-hundred day moving average price is $275.89. The firm has a market capitalization of $4.62 trillion, a PE ratio of 38.07, a P/E/G ratio of 2.76 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results 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. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. During the same period last year, the business posted $1.65 earnings per share. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a $0.27 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.3%. This is a boost from Apple's previous quarterly dividend of $0.26. 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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