DSG Capital Advisors LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,889 shares of the iPhone maker's stock after selling 1,709 shares during the quarter. Apple comprises about 7.1% of DSG Capital Advisors LLC's portfolio, making the stock its biggest position. DSG Capital Advisors LLC's holdings in Apple were worth $44,385,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in AAPL. Vanguard Group Inc. grew its position 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. State Street Corp boosted its stake in Apple by 1.1% during the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker's stock worth $164,218,801,000 after acquiring an additional 6,555,392 shares in the last quarter. Geode Capital Management LLC boosted its stake in Apple by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker's stock worth $97,031,587,000 after acquiring an additional 1,866,103 shares in the last quarter. Morgan Stanley grew its holdings in Apple by 0.6% in the fourth quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker's stock worth $62,659,118,000 after purchasing an additional 1,379,651 shares during the period. Finally, Norges Bank bought a new stake in Apple in the fourth quarter valued at $52,266,468,000. Institutional investors and hedge funds own 67.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on AAPL shares. Morgan Stanley restated an "overweight" rating on shares of Apple in a research note on Friday, June 26th. Rosenblatt Securities reiterated a "neutral" rating and set a $276.00 price objective on shares of Apple in a report on Tuesday, June 9th. Bank of America reissued a "buy" rating and set a $380.00 target price on shares of Apple in a research report on Thursday, June 18th. Wedbush reissued an "outperform" rating and set a $400.00 target price on shares of Apple in a research report on Friday, June 5th. Finally, Robert W. Baird set a $310.00 target price on shares of Apple in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus target price of $313.11.
Check Out Our Latest Research Report on AAPL
Key Headlines Impacting Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Citi raised its price target on Apple to $365 and kept a Buy rating, arguing the company can keep gaining market share and may benefit from premium iPhone pricing and Apple Intelligence upside. Article Title
- Positive Sentiment: Apple continues to show strong smartphone performance, including record Q2 market share in China and reports that it has outperformed the broader smartphone slump, which supports the case for resilient demand. Article Title
- Positive Sentiment: Investors are also focusing on potential future catalysts such as a possible iPhone price increase and new product cycles, including foldable iPhone plans and AI-focused chip development. Article Title
- Neutral Sentiment: Apple’s lawsuit against OpenAI is keeping the stock in the headlines; it could protect Apple’s intellectual property and slow a competitor’s hardware push, but it also adds legal uncertainty. Article Title
- Neutral Sentiment: Broadcom’s multiyear chip agreement was described as strategically positive for Apple’s AI silicon efforts, but it is more of a longer-term support story than a direct near-term stock mover. Article Title
- Negative Sentiment: KeyBanc’s downgrade and related bearish commentary from other firms are the clearest reasons Apple stock is lower, with analysts warning that slowing iPhone upgrades and softer Services growth could limit further upside. Article Title
Insider Buying and Selling at Apple
In other news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated Thursday, April 23rd. The shares were 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 $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 2,924 shares of company stock valued at $825,546. Insiders own 0.06% of the company's stock.
Apple Price Performance
Shares of NASDAQ AAPL opened at $314.86 on Wednesday. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $323.45. The stock's 50 day moving average price is $301.09 and its 200-day moving average price is $275.89. The company has a market capitalization of $4.62 trillion, a PE ratio of 38.07, a PEG ratio of 2.76 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 issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.Apple's revenue was up 16.6% on a year-over-year basis. During the same period last year, the business posted $1.65 earnings per share. On average, equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.
Apple Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. This is a boost from Apple's previous quarterly dividend of $0.26. Apple's payout ratio is 13.06%.
About Apple
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).
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.
Before you consider Apple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.
While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
