Apple Inc. $AAPL is Traphagen Investment Advisors LLC's 8th Largest Position

Key Points

• Traphagen Investment Advisors increased its Apple stake by 1.5% in the fourth quarter, bringing its holdings to 138,524 shares valued at about $37.7 million. Apple is now the fund’s 8th largest position and represents 3.1% of its portfolio.
• Several other institutional investors also boosted their Apple holdings, and institutions now own 67.73% of the company’s stock. Recent insider activity was mostly selling, including notable sales by SVP Deirdre O’Brien and Ben Borders.
• Apple reported better-than-expected quarterly results, with EPS of $2.01 on revenue of $111.18 billion, and it raised its quarterly dividend to $0.27 per share. Analyst sentiment remains positive overall, with a consensus rating of Moderate Buy and a price target of $305.74.

Traphagen Investment Advisors LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,524 shares of the iPhone maker's stock after buying an additional 2,095 shares during the quarter. Apple accounts for 3.1% of Traphagen Investment Advisors LLC's investment portfolio, making the stock its 8th largest holding. Traphagen Investment Advisors LLC's holdings in Apple were worth $37,659,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Overbrook Management Corp raised its position in Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock worth $28,449,000 after buying an additional 38,174 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Apple by 48.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock valued at $363,256,000 after purchasing an additional 465,393 shares in the last quarter. Tufton Capital Management increased its holdings in shares of Apple by 4.3% in the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock valued at $25,496,000 after purchasing an additional 4,157 shares in the last quarter. Montis Financial LLC increased its holdings in shares of Apple by 15.8% in the 3rd quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker's stock valued at $19,841,000 after purchasing an additional 10,640 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Apple by 3.1% in the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock valued at $1,915,172,000 after purchasing an additional 214,215 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of the firm's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the firm's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider owned 38,713 shares of the company's stock, valued at $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 97,759 shares of company stock valued at $24,964,305. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

AAPL has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of Apple from $320.00 to $325.00 and gave the company a "buy" rating in a report on Tuesday, April 14th. BNP Paribas Exane upgraded shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target for the company in a report on Friday, April 17th. KeyCorp reiterated a "sector weight" rating on shares of Apple in a report on Thursday, March 12th. Monness Crespi & Hardt increased their price target on shares of Apple from $315.00 to $335.00 and gave the company a "buy" rating in a report on Friday, May 1st. Finally, Moffett Nathanson increased their price target on shares of Apple from $241.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, February 25th. One investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $305.74.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly preparing major iPhone software changes, including a more customizable Camera app, a rebuilt Siri, and broader interface updates, which investors view as a sign the company is sharpening its product roadmap ahead of future iPhone and WWDC-related announcements. Apple Stock Is Gaining Today: What's Happening Behind The Scenes?
• Positive Sentiment: Apple is being helped by rising AI optimism, with commentary highlighting strong iPhone demand, solid Services performance, and potential AI partnerships such as Google Gemini, all of which support the case for continued upside. Ca$htag$: AAPL Hits Record High as AI Optimism Grows
• Positive Sentiment: Apple is also getting support from reports that WWDC could be a major catalyst if it resets the market’s AI expectations and strengthens confidence in future software and ecosystem growth. The Event That Could Redefine Apple’s Summer Rally
• Positive Sentiment: Apple’s efforts to expand the App Store for autonomous AI agents suggest the company is trying to capture more of the next wave of AI-powered software while maintaining its security standards. Apple Prepares App Store for Autonomous AI Agents
• Neutral Sentiment: Apple’s participation in U.S.-China diplomatic and business discussions could matter for supply-chain and market-access issues, but the near-term financial impact is still uncertain. Trump Arrives in Beijing for High-Stakes Xi Summit Focused on Trade, AI, and Iran
• Neutral Sentiment: Reports that Apple is opposing EU AI-related measures and arguing they could hurt privacy and security are more about regulatory positioning than an immediate earnings driver. Apple criticises EU measures to help AI rivals access Google services
• Negative Sentiment: Fresh tariff headlines could keep pressure on Apple’s hardware costs and supply chain if higher import duties remain in place for longer. Appeals Court Temporarily Reinstates Trump’s 10% Global Tariffs
• Negative Sentiment: Recent insider selling, including a modest sale by Ben Borders, may slightly temper sentiment, though it is small relative to Apple’s size and the broader bullish backdrop. SEC insider filing

Apple Stock Performance

NASDAQ:AAPL opened at $298.87 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $263.92 and a two-hundred day moving average price of $267.00. Apple Inc. has a twelve month low of $193.46 and a twelve month high of $300.92. The company has a market capitalization of $4.39 trillion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 2.57 and a beta of 1.06.

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, 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 firm had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. During the same period last year, the firm posted $1.65 EPS. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.27 per share. This is an increase from Apple's previous quarterly dividend of $0.26. The ex-dividend date is Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple's payout ratio is 13.06%.

Apple Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.