Apple Inc. $AAPL Shares Acquired by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC increased its Apple stake by 1.8% in the fourth quarter, adding 4,366 shares to bring its total to 251,704 shares worth about $68.4 million.
• Apple’s latest quarter came in ahead of expectations, with revenue of $111.18 billion and EPS of $2.01 beating estimates, and the company also approved a $100 billion buyback and raised its dividend.
• Analyst sentiment remains constructive, with several firms reiterating or raising price targets; MarketBeat shows a consensus rating of Moderate Buy and an average target price of $308.74.

Belpointe Asset Management LLC boosted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 251,704 shares of the iPhone maker's stock after purchasing an additional 4,366 shares during the period. Apple comprises 2.5% of Belpointe Asset Management LLC's holdings, making the stock its 5th largest position. Belpointe Asset Management LLC's holdings in Apple were worth $68,429,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Isthmus Partners LLC raised its holdings in Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock valued at $25,000 after acquiring an additional 5,808 shares during the period. Sellwood Investment Partners LLC raised its holdings in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC raised its holdings in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after acquiring an additional 180 shares during the period. LSV Asset Management bought a new position in Apple in the 4th quarter valued at about $65,000. Finally, 49 Wealth Management LLC raised its holdings in Apple by 15.7% in the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock valued at $76,000 after acquiring an additional 40,543 shares during the period. 67.73% of the stock is owned by institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s latest quarter was a clear beat, with revenue of $111.18 billion and EPS of $2.01 topping expectations, while management also approved a fresh $100 billion buyback and raised the dividend.
• Positive Sentiment: Evercore ISI raised its price target on Apple to $365 from $330 and reiterated an Outperform rating, citing strong Services growth and long-term earnings/free-cash-flow compounding.
• Positive Sentiment: Investor enthusiasm remains elevated around Apple’s AI roadmap, with reports pointing to WWDC as a potential catalyst and broader expectations that Apple can monetize AI through devices and Services.
• Positive Sentiment: China-related headlines may also help sentiment, as Xi Jinping told U.S. CEOs including Tim Cook that China will “open wider,” easing some concerns about Apple’s supply chain and market access.
• Neutral Sentiment: Apple is reportedly exploring new AI-agent support in the App Store and additional iOS features, which could support the ecosystem but are still early-stage product rumors.
• Neutral Sentiment: Security reports about vulnerabilities found in macOS/iOS are a reminder of cyber risks, but they do not yet appear to be a material earnings issue.
• Negative Sentiment: OpenAI is reportedly considering legal action against Apple over their ChatGPT partnership, raising the risk of a public dispute around Apple’s AI strategy.
• Negative Sentiment: Recent insider selling and a reported Foxconn ransomware incident may slightly temper sentiment, though neither looks large enough to outweigh the bullish earnings and analyst upgrades.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AAPL shares. Stifel Nicolaus set a $330.00 price target on shares of Apple in a report on Monday, March 2nd. Stephens set a $315.00 price target on shares of Apple in a report on Monday, January 26th. The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a report on Monday, March 2nd. Robert W. Baird set a $310.00 target price on shares of Apple in a report on Friday, May 1st. Finally, TD Cowen reaffirmed a "buy" rating and set a $335.00 target price (up from $325.00) on shares of Apple in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $308.74.

Apple Stock Down 0.2%

Shares of AAPL opened at $298.21 on Friday. Apple Inc. has a 12 month low of $193.46 and a 12 month high of $300.92. The firm's 50 day moving average is $264.61 and its 200-day moving average is $267.25. The stock has a market capitalization of $4.38 trillion, a PE ratio of 36.06, a P/E/G ratio of 2.60 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping 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 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. The business's revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts forecast 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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. Apple's payout ratio is 13.06%.

Insider Activity

In related news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the transaction, the insider directly 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. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction that occurred on Thursday, April 23rd. The shares were 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 directly owned 13,366 shares in the company, valued at $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is owned by insiders.

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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