Apple Inc. $AAPL Shares Bought by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada Inc. increased its Apple stake by 1.0% in the fourth quarter, bringing its holdings to 1,513,518 shares valued at about $411.4 million. Apple is now its fourth-largest position and makes up roughly 2.6% of its portfolio.
• Apple’s latest earnings beat Wall Street expectations, with EPS of $2.01 and revenue of $111.18 billion, while quarterly revenue rose 16.6% year over year. The company also posted strong profitability metrics, including a 27.15% net margin and 146.69% return on equity.
• The company raised its quarterly dividend to $0.27 per share from $0.26, and analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target of $308.74.

TD Waterhouse Canada Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,513,518 shares of the iPhone maker's stock after acquiring an additional 14,646 shares during the quarter. Apple comprises approximately 2.6% of TD Waterhouse Canada Inc.'s holdings, making the stock its 4th largest position. TD Waterhouse Canada Inc.'s holdings in Apple were worth $411,435,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Apple by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker's stock worth $311,157,662,000 after purchasing an additional 5,005,297 shares during the last quarter. State Street Corp lifted its stake in shares of Apple by 0.9% in the second quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock worth $123,358,461,000 after buying an additional 5,224,229 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Apple by 1.4% in the second quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock worth $72,506,336,000 after buying an additional 4,942,638 shares during the last quarter. Norges Bank acquired a new stake in shares of Apple in the second quarter worth $38,942,255,000. Finally, Northern Trust Corp lifted its stake in shares of Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after buying an additional 20,079,472 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Citigroup restated a "buy" rating on shares of Apple in a research note on Tuesday, April 21st. Tigress Financial restated a "strong-buy" rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a research note on Thursday. Wells Fargo & Company restated an "overweight" rating and issued a $310.00 price objective (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Stifel Nicolaus set a $330.00 price objective on shares of Apple in a research note on Monday, March 2nd. Finally, Rosenblatt Securities boosted their price objective on shares of Apple from $268.00 to $276.00 and gave the stock a "neutral" rating in a research note 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $308.74.

Apple Price Performance

NASDAQ:AAPL opened at $300.23 on Friday. The stock has a market cap of $4.41 trillion, a P/E ratio of 36.30, a PEG ratio of 2.60 and a beta of 1.06. Apple Inc. has a one year low of $193.46 and a one year high of $303.20. The company has a fifty day moving average price of $265.37 and a 200 day moving average price of $267.48. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. The firm had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 EPS. Analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current 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 issued a $0.27 dividend. This is a boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple's payout ratio is presently 13.06%.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s post-earnings rally continues after the company posted record quarterly revenue and EPS, boosted its dividend, and authorized a fresh $100 billion buyback. Analysts say the results support further upside and have raised price targets. Apple Stock Hits All-Time High as Post-Earnings Rally Continues
• Positive Sentiment: Evercore ISI lifted its price target on Apple to $365 and said a bull-case scenario could reach $500, citing compounding growth from Services and Apple’s ability to keep expanding free cash flow. Evercore ISI Hikes Apple Price Target to $365
• Positive Sentiment: Investor sentiment is being helped by reports that iPhone demand remains strong globally, plus Soros Fund Management reportedly boosted its Apple position during the quarter. George Soros’s fund buys Berkshire Hathaway stock — now that Buffett is gone
• Positive Sentiment: Apple reportedly cut iPhone 17 prices in China ahead of the 618 shopping festival, which could help support unit sales in a key market. Apple Cuts iPhone 17 Prices in China
• Neutral Sentiment: OpenAI is considering legal action over its strained ChatGPT partnership with Apple, which adds uncertainty around Apple’s AI strategy and could weigh on sentiment if the dispute escalates. OpenAI explores legal options against Apple
• Neutral Sentiment: Reports that Anthropic’s Mythos AI found vulnerabilities in Apple’s macOS/iOS are a reminder of ongoing security scrutiny, but the news is more reputational than fundamentally financial for now. Anthropic's Mythos Helped Find Bugs in Apple's Desktop Operating System

Insider Buying and Selling at Apple

In other Apple news, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company's stock, valued at $3,675,650. The trade was a 10.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Deirdre O'brien sold 30,002 shares of the business's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president directly owned 136,810 shares in the company, valued at $34,934,433.50. This trade represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 97,759 shares of company stock worth $24,964,305. Corporate 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.

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