Apple Inc. $AAPL Shares Purchased by B.O.S.S. Retirement Advisors LLC

Key Points

• B.O.S.S. Retirement Advisors LLC increased its Apple stake by 16.4% in the first quarter, adding 2,722 shares to bring its total to 19,291 shares worth about $4.9 million.
• Apple continues to draw strong institutional and analyst support, with hedge funds owning 67.73% of the stock and Wall Street holding a Moderate Buy consensus rating with an average price target of $318.43.
• Recent catalysts are positive: HSBC upgraded Apple to Buy with a $366 target, and China approved Apple Intelligence for iPhones, which could help expand its AI push in a key market.

B.O.S.S. Retirement Advisors LLC boosted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 16.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 19,291 shares of the iPhone maker's stock after purchasing an additional 2,722 shares during the period. Apple comprises approximately 1.5% of B.O.S.S. Retirement Advisors LLC's portfolio, making the stock its 13th largest position. B.O.S.S. Retirement Advisors LLC's holdings in Apple were worth $4,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First National Bank of Hutchinson grew its holdings in Apple by 24.6% during the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after acquiring an additional 6,982 shares in the last quarter. Eagle Capital Management LLC raised its stake in Apple by 0.5% in the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after buying an additional 272 shares in the last quarter. Brighton Jones LLC raised its position in shares of Apple by 14.8% during the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock worth $134,554,000 after acquiring an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Apple by 4.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after purchasing an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE raised its holdings in Apple by 2.4% during the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock worth $12,587,000 after purchasing an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: HSBC upgraded Apple Inc. NASDAQ: AAPL to Buy and raised its price target to $366 from $260, saying the company is at an operational turning point with AI features and hardware momentum supporting growth. HSBC upgrades Apple to Buy, sees "strong cycle ahead"
• Positive Sentiment: China approved Apple Intelligence for iPhones, and Apple will integrate Alibaba’s Qwen AI model in its China rollout, a key step that could expand Apple’s AI adoption in one of its most important markets. Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership
• Positive Sentiment: Multiple reports say Apple briefly overtook Nvidia in market value, reinforcing the view that investors are rotating toward Apple’s consumer execution and away from some AI-heavy names. Apple closes in on Nvidia in race for world's most valuable company
• Positive Sentiment: Several commentaries highlighted Apple’s cash generation, shareholder returns, and robotics/innovation efforts, supporting the bullish “cash flow machine” and diversification narrative. Apple’s Core Business Cash Flow Machine Will Support Innovation and Diversification

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AAPL. Rosenblatt Securities reaffirmed a "neutral" rating and set a $276.00 price objective on shares of Apple in a report on Tuesday, June 9th. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. 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, May 14th. Oppenheimer restated a "market perform" rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Apple currently has an average rating of "Moderate Buy" and a consensus price target of $318.43.

Insider Activity

In other news, insider Ben Borders sold 1,274 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,226,770. This represents a 3.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kevan Parekh sold 1,534 shares of the firm's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the transaction, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,924 shares of company stock worth $825,546 over the last quarter. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 0.1%

AAPL opened at $333.74 on Friday. The business's fifty day simple moving average is $303.61 and its 200 day simple moving average is $277.09. Apple Inc. has a 52 week low of $201.50 and a 52 week high of $334.99. The firm has a market cap of $4.90 trillion, a P/E ratio of 40.36, a PEG ratio of 2.89 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, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. As a group, equities research analysts anticipate that Apple Inc. will post 8.76 EPS for the current fiscal 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 paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio is currently 13.06%.

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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