Apple Inc. $AAPL is Tobam's 6th Largest Position

Key Points

• Tobam dramatically increased its Apple stake by 1,033% in the fourth quarter, ending with 29,446 shares worth about $8.0 million. Apple now represents roughly 2% of Tobam’s portfolio and is its 6th-largest position.
• Wall Street remains broadly constructive on Apple, with a consensus rating of “Moderate Buy” and an average price target of $314.59. Recent analyst calls included price targets as high as $380 and $330, though some firms maintained neutral or underweight views.
• Apple continues to show strong fundamentals and ongoing product momentum, recently beating quarterly earnings estimates with $2.01 EPS on $111.18 billion in revenue. The company also raised its quarterly dividend to $0.27 per share, while headlines highlighted possible AI-focused devices and planned price increases.

Tobam raised its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1,033.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,446 shares of the iPhone maker's stock after acquiring an additional 26,847 shares during the quarter. Apple makes up about 2.0% of Tobam's investment portfolio, making the stock its 6th biggest position. Tobam's holdings in Apple were worth $8,005,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AAPL. Isthmus Partners LLC boosted its stake in Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock worth $25,000 after purchasing an additional 5,808 shares during the period. ROSS JOHNSON & Associates LLC raised its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in shares of Apple during the fourth quarter valued at approximately $65,000. Timmons Wealth Management LLC purchased a new position in shares of Apple in the fourth quarter worth $69,000. Finally, Inspire Investing LLC purchased a new position in shares of Apple in the fourth quarter worth $76,000. Institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of Apple in a research note on Tuesday, June 9th. Barclays reiterated an "underweight" rating on shares of Apple in a research note on Tuesday, June 9th. Rosenblatt Securities restated a "neutral" rating and set a $276.00 price objective on shares of Apple in a research report on Tuesday, June 9th. Oppenheimer reiterated a "market perform" rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Stifel Nicolaus set a $330.00 price target on Apple in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $314.59.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned price increases could protect margins as memory and storage costs rise, and Bank of America reiterated a Buy rating with a $380 target, citing Apple’s pricing power and supply-chain strength. Article Title
• Positive Sentiment: Reports of upcoming AI-focused devices and a second-generation iPhone Air support confidence in Apple’s product pipeline and longer-term growth story. Article Title
• Neutral Sentiment: Apple’s planned price hikes may help earnings, but they could also pressure demand if consumers balk at higher handset prices. Article Title
• Neutral Sentiment: Apple opening Brazil’s App Store to alternative marketplaces reduces regulatory friction there, but it also underscores ongoing global platform scrutiny. Article Title

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the sale, the chief executive officer directly owned 3,280,418 shares of the company's stock, valued at $833,980,668.14. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of the company's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total value of $7,661,010.70. Following the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 97,875 shares of company stock valued at $24,998,541. Insiders own 0.06% of the company's stock.

Apple Price Performance

AAPL stock opened at $298.01 on Monday. Apple Inc. has a 52 week low of $196.85 and a 52 week high of $317.40. The firm has a market capitalization of $4.38 trillion, a P/E ratio of 36.04, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09. The company has a fifty day simple moving average of $289.73 and a two-hundred day simple moving average of $272.91. 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 (NASDAQ:AAPL - Get Free Report) last posted its earnings results 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 firm had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 EPS. Analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a $0.27 dividend. This is an increase from Apple's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple's dividend payout ratio (DPR) is 13.06%.

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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