Apple Inc. $AAPL Shares Bought by Acumen Wealth Advisors LLC

Key Points

• Acumen Wealth Advisors increased its Apple stake by 11.6% in the first quarter, adding 5,280 shares to own 50,843 shares valued at approximately $12.9 million. Institutional investors collectively hold 67.73% of Apple’s outstanding stock.
• Apple reported quarterly earnings of $2.02 per share on revenue of $109.42 billion, exceeding analyst expectations, while revenue increased 16.4% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $330.44.
• Apple declared a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 0.3% yield; the dividend is payable August 13 to shareholders of record on August 10.

Acumen Wealth Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 11.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,843 shares of the iPhone maker's stock after acquiring an additional 5,280 shares during the quarter. Apple accounts for about 3.5% of Acumen Wealth Advisors LLC's holdings, making the stock its 4th largest position. Acumen Wealth Advisors LLC's holdings in Apple were worth $12,904,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Apple in the fourth quarter worth $52,266,468,000. Nuveen LLC acquired a new stake in Apple during the 1st quarter worth about $17,472,482,000. Cardano Risk Management B.V. grew its stake in Apple by 890.7% during 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 acquiring an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in Apple by 20,464.8% during 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 acquiring an additional 26,937,401 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Up 0.3%

NASDAQ AAPL opened at $313.33 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market cap of $4.57 trillion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. The stock's 50 day simple moving average is $309.45 and its 200 day simple moving average is $283.23. Apple Inc. has a one year low of $219.25 and a one year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $1.57 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be given a $0.27 dividend. 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%.

Analyst Ratings Changes

Several equities analysts have commented on AAPL shares. Morgan Stanley lowered their target price on shares of Apple from $364.00 to $360.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Monness Crespi & Hardt upped their price target on Apple from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Sanford C. Bernstein reissued an "outperform" rating on shares of Apple in a report on Monday, June 8th. Evercore reissued an "outperform" rating on shares of Apple in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada set a $365.00 target price on Apple in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $330.44.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook's Last Quarter as CEO Was Apple's Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple's Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple's Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company's stock.

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.

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