Apple Inc. $AAPL Shares Acquired by Enterprise Financial Services Corp

Key Points

• Enterprise Financial Services increased its Apple stake by 4.3% in the first quarter, bringing its holdings to 48,189 shares valued at approximately $12.23 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported a strong quarter, with revenue rising 16.4% year over year to $109.42 billion and EPS of $2.02, exceeding analyst expectations. iPhone revenue increased 22%, while Mac revenue grew 29%.
• Apple declared a quarterly dividend of $0.27 per share, payable August 13, and analysts maintain a “Moderate Buy” consensus rating with an average price target of $331.60; TD Cowen raised its target to $400.

Enterprise Financial Services Corp lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 48,189 shares of the iPhone maker's stock after acquiring an additional 1,973 shares during the period. Apple makes up approximately 6.2% of Enterprise Financial Services Corp's investment portfolio, making the stock its 2nd largest holding. Enterprise Financial Services Corp's holdings in Apple were worth $12,230,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AAPL. Reyes Financial Architecture Inc. raised its holdings in shares of Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock worth $2,520,000 after buying an additional 37 shares during the last quarter. WESPAC Advisors LLC increased its position in shares of Apple by 0.3% in the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock valued at $3,351,000 after acquiring an additional 39 shares during the period. Interactive Financial Advisors Inc. raised its stake in Apple by 4.0% in the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after acquiring an additional 40 shares during the last quarter. Sugar Maple Asset Management LLC lifted its position in Apple by 2.0% during the 1st quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock worth $515,000 after acquiring an additional 40 shares during the period. Finally, Orion Investment Co grew its stake in Apple by 0.3% during the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker's stock valued at $3,902,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity at Apple

In other news, insider Ben Borders sold 1,274 shares of the firm's stock in a transaction that occurred 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 transaction, the insider 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 legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by insiders.

Apple Stock Performance

AAPL opened at $308.91 on Friday. The firm's fifty day simple moving average is $309.51 and its two-hundred day simple moving average is $281.45. Apple Inc. has a 52-week low of $201.50 and a 52-week high of $344.57. The company has a market cap of $4.54 trillion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.67 and a beta of 1.10. 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 released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 142.29%. The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the previous year, the company earned $1.57 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 8.8 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, August 10th. Apple's payout ratio is 12.39%.

Key Stories Impacting Apple

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Rosenblatt Securities increased their price objective on Apple from $276.00 to $300.00 and gave the company a "neutral" rating in a report on Friday. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a report on Wednesday, July 15th. JPMorgan Chase & Co. dropped their price objective on shares of Apple from $345.00 to $340.00 and set an "overweight" rating on the stock in a report on Friday. BNP Paribas Exane raised shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 target price for the company in a report on Friday, April 17th. Finally, TD Cowen upped their price target on shares of Apple from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $331.60.

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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