Advisortrust Partners LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,615 shares of the iPhone maker's stock after purchasing an additional 2,369 shares during the period. Apple comprises about 3.1% of Advisortrust Partners LLC's portfolio, making the stock its 10th largest holding. Advisortrust Partners LLC's holdings in Apple were worth $7,516,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Norges Bank acquired a new position in shares of Apple in the fourth quarter valued at about $52,266,468,000. Nuveen LLC acquired a new stake in Apple in the 1st quarter worth about $17,472,482,000. Cardano Risk Management B.V. boosted its holdings in Apple by 890.7% in the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker's stock valued at $11,413,990,000 after purchasing an additional 37,746,784 shares during the period. Laurel Wealth Advisors LLC boosted its holdings in Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock valued at $5,553,753,000 after purchasing an additional 26,937,401 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after purchasing an additional 26,856,752 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
More Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple reported record June-quarter revenue of $109.4 billion, up 16.4% year over year, and diluted EPS of $2.02, exceeding Wall Street expectations. iPhone revenue rose 22% to $54.3 billion, while Mac revenue increased 29% to $10.4 billion. Apple reports third quarter results
- Positive Sentiment: Apple’s large installed base, strong hardware demand and potential consumer-AI opportunities remain long-term supports. Some analysts remain bullish: TD Cowen raised its price target to $400, while other firms maintained Buy or Overweight ratings despite trimming estimates. Analyst raises Apple price target
- Positive Sentiment: The company declared a quarterly dividend of $0.27 per share, payable August 13 to shareholders of record August 10. Apple also continues to emphasize an AI strategy that requires less capital spending than the infrastructure-heavy approach used by some peers. Apple Q3 financial results
Insider Activity at Apple
In other news, insider Ben Borders sold 1,274 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. This represents a 3.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company's stock.
Analysts Set New Price Targets
AAPL has been the topic of several recent research reports. KeyCorp reaffirmed an "underweight" rating and set a $250.00 target price on shares of Apple in a report on Tuesday, July 28th. Oppenheimer reissued a "market perform" rating on shares of Apple in a research report on Friday. Rosenblatt Securities raised their price objective on Apple from $276.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday. Wedbush reaffirmed an "outperform" rating and issued a $400.00 price objective on shares of Apple in a report on Friday, June 5th. Finally, Evercore reiterated an "outperform" rating on shares of Apple in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $331.60.
Read Our Latest Analysis on Apple
Apple Stock Performance
NASDAQ:AAPL opened at $308.91 on Monday. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock's 50-day simple moving average is $309.51 and its 200 day simple moving average is $281.60. The firm has a market capitalization of $4.54 trillion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09.
Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. On average, analysts anticipate that Apple Inc. will post 8.8 EPS for the current fiscal year.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio is 12.39%.
Apple Company Profile
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Free Report)
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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