Apple Inc. $AAPL Shares Bought by Pine Ridge Advisers LLC

Key Points

• Pine Ridge Advisers increased its Apple position by 14.3% in the first quarter, adding 3,900 shares to own 31,205 shares valued at approximately $7.92 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported a strong quarter, with revenue up 16.4% year over year to $109.42 billion and earnings per share of $2.02, exceeding analyst expectations of $1.89.
• Apple declared a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 0.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $328.60.

Pine Ridge Advisers LLC raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 14.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,205 shares of the iPhone maker's stock after buying an additional 3,900 shares during the period. Apple comprises 0.5% of Pine Ridge Advisers LLC's investment portfolio, making the stock its 22nd biggest position. Pine Ridge Advisers LLC's holdings in Apple were worth $7,920,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in Apple during the fourth quarter worth approximately $52,266,468,000. Nuveen LLC purchased a new stake in shares of Apple in the first quarter valued at approximately $17,472,482,000. Cardano Risk Management B.V. increased its position in shares of Apple by 890.7% in the fourth 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 buying an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of 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 worth $5,553,753,000 after buying an additional 26,937,401 shares during the period. Finally, Vanguard Group Inc. raised its stake 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 buying an additional 26,856,752 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Down 0.9%

Shares of AAPL opened at $302.25 on Thursday. The stock has a 50 day moving average price of $309.12 and a 200 day moving average price of $284.64. Apple Inc. has a one year low of $223.78 and a one year high of $344.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The stock has a market capitalization of $4.41 trillion, a price-to-earnings ratio of 34.66, a PEG ratio of 2.61 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data 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. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the firm posted $1.57 EPS. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, August 10th. Apple's dividend payout ratio is 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is testing DRAM chips from China’s ChangXin Memory Technologies (CXMT) for iPhones and MacBooks and has discussed potential supply arrangements. Diversifying memory suppliers could reduce shortages and limit cost pressure, although geopolitical and quality-control risks remain. Apple’s CXMT Bet Could Strengthen Its Memory Supply, But Risks Remain
• Positive Sentiment: Apple is reportedly in talks with publishers to license content for an AI-powered Siri. Access to current, high-quality information could improve Siri as Apple prepares a major AI-focused iPhone software update. Apple in Talks to Pay Publishers to Improve AI-Powered Siri
• Positive Sentiment: Apple’s latest quarter remained strong, with revenue up 16.4% year over year and earnings exceeding consensus estimates. Some investors also view the recent pullback as an accumulation opportunity, while Crake Asset Management reportedly increased its Apple position.
• Neutral Sentiment: Apple hired former American Airlines executive Nate Gatten to lead government affairs, highlighting the importance of tariffs, regulation and White House relations. The appointment could improve policy execution but also underscores heightened political risk. Apple Hires Former American Airlines Executive to Lead Government Affairs
• Neutral Sentiment: CEO Tim Cook is expected to hand leadership to John Ternus on September 1, while Apple Pay and Wallet chief Jennifer Bailey plans to retire in October. The transitions create execution uncertainty but may also mark a planned leadership refresh.
• Negative Sentiment: Jefferies cut its Apple rating and price target, questioning whether the company has sufficient iPhone and AI momentum to justify its premium valuation. The firm also cited supply-chain concerns about a high-end all-glass iPhone and weaker average-selling-price growth. Apple Stock Falls After Jefferies Slashes Price Target
• Negative Sentiment: Memory shortages driven by AI demand are raising Apple’s bill of materials and could pressure margins or force additional iPhone price increases. Google’s new Pixel 11 lineup also intensifies competition in AI-enabled smartphones. Apple additionally faces a class-action lawsuit alleging that its iCloud+ privacy claims misled consumers.

Insider Buying and Selling at Apple

In other news, insider Ben Borders sold 116 shares of the firm's stock in a transaction dated Tuesday, June 16th. The shares were 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 of the company's stock, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AAPL. Morgan Stanley dropped their price target on shares of Apple from $364.00 to $360.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. KeyCorp restated an "underweight" rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, July 28th. Robert W. Baird increased their price objective on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. The Goldman Sachs Group reiterated a "buy" rating and issued a $360.00 target price (down from $370.00) on shares of Apple in a research report on Friday, July 31st. Finally, Rosenblatt Securities boosted their target price on shares of Apple from $276.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $328.60.

Apple 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source