Apple Inc. $AAPL Shares Acquired by Atlas Legacy Advisors LLC

Key Points

• Atlas Legacy Advisors LLC increased its Apple stake by 8.0% in the fourth quarter, buying 4,533 additional shares and bringing its total holding to 61,424 shares worth about $16.4 million.
• Several other institutional investors also boosted their Apple positions, and the stock remains heavily owned by institutions and hedge funds at 67.73% of shares outstanding.
• Apple continues to draw bullish analyst attention thanks to hopes for an AI-driven upgrade cycle, with Bank of America lifting its price target to $380 and other reports pointing to record Services revenue and strong iPhone sales.

Atlas Legacy Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,424 shares of the iPhone maker's stock after acquiring an additional 4,533 shares during the period. Apple accounts for 2.9% of Atlas Legacy Advisors LLC's holdings, making the stock its 6th largest position. Atlas Legacy Advisors LLC's holdings in Apple were worth $16,413,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. First National Bank of Hutchinson grew its position in shares of Apple by 24.6% in the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock valued at $8,845,000 after purchasing an additional 6,982 shares in the last quarter. Eagle Capital Management LLC grew its position in shares of Apple by 0.5% in the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after purchasing an additional 272 shares in the last quarter. Brighton Jones LLC grew its position in shares of Apple by 14.8% in the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after purchasing an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Apple by 4.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after purchasing an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE grew its position in shares of Apple by 2.4% in the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock valued at $12,587,000 after purchasing an additional 1,155 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target on Apple to $380 from $330 and kept a Buy rating, saying Apple is well positioned to benefit from the emerging “agentic AI” smartphone market and could unlock substantial new revenue from a redesigned Siri and AI features. Apple seen as key beneficiary of emerging agentic AI smartphone market, BofA says
• Positive Sentiment: Other Wall Street coverage echoed that view, with reports saying Apple is hitting all-time highs as investors expect a deeper AI push at WWDC, which could improve sentiment and support further upside. Apple stock hits all-time high as analysts see AI-driven breakout
• Positive Sentiment: Analysts also highlighted strong underlying fundamentals, including record Services revenue and continued strength in iPhone sales, reinforcing the long-term growth case for Apple. Strong Content & Advertising Aids Apple's Services: More Upside Ahead?
• Neutral Sentiment: Apple and Google are pushing back against Canada’s proposed police data-access bill, a regulatory issue that could affect the company’s privacy stance but is not an immediate earnings driver. Apple, Google Blast Canada’s Plan to Expand Police Data Powers
• Negative Sentiment: One potential headwind came from an article noting iPhone 17e sales in Japan have slowed versus its predecessor, which could raise questions about demand in some markets. The Real Reason The iPhone 17e Is Falling Behind Its Predecessor In Japan

Apple Stock Down 0.2%

Apple stock opened at $308.33 on Wednesday. Apple Inc. has a 1-year low of $195.07 and a 1-year high of $311.82. 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 stock has a market cap of $4.53 trillion, a PE ratio of 37.28, a P/E/G ratio of 2.69 and a beta of 1.06. The stock's fifty day moving average is $271.87 and its two-hundred day moving average is $269.16.

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 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 firm earned $1.65 earnings per share. Apple's quarterly revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal 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 paid a $0.27 dividend. This is a boost from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple's payout ratio is 13.06%.

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 1,274 shares of the firm's 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 sale, the insider directly owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O'brien sold 30,002 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. This 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. Insiders have sold 97,759 shares of company stock valued at $24,964,305 in the last three months. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AAPL shares. The Goldman Sachs Group restated a "buy" rating on shares of Apple in a research report on Monday, March 2nd. Maxim Group upgraded Apple from a "hold" rating to a "buy" rating and set a $300.00 price target on the stock in a research note on Friday, January 30th. UBS Group set a $296.00 price target on Apple and gave the stock a "neutral" rating in a research note on Friday, May 1st. TD Cowen restated a "buy" rating and set a $335.00 price target (up from $325.00) on shares of Apple in a research note on Friday, May 1st. Finally, Jefferies Financial Group set a $330.00 price target on Apple in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $310.31.

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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