Apple Inc. $AAPL Stake Increased by Modern Wealth Management LLC

Key Points

• Modern Wealth Management increased its Apple stake by 4.5% in the first quarter, bringing its holdings to 517,048 shares valued at approximately $132.2 million. Apple now represents 2.3% of the firm’s portfolio and is its third-largest position.
• Apple reported quarterly EPS of $2.02, beating estimates by $0.13, while revenue rose 16.4% year over year to $109.42 billion. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 0.3% annual yield.
• Wall Street’s consensus rating remains “Moderate Buy,” with an average price target of $330.44, although some analysts have downgraded the stock to Hold amid valuation, cost, growth and competitive concerns.

Modern Wealth Management LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 517,048 shares of the iPhone maker's stock after acquiring an additional 22,053 shares during the period. Apple makes up 2.3% of Modern Wealth Management LLC's investment portfolio, making the stock its 3rd biggest position. Modern Wealth Management LLC's holdings in Apple were worth $132,173,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lifetime Wealth Management P.C. purchased a new position in shares of Apple in the 4th quarter worth about $41,000. ROSS JOHNSON & Associates LLC raised its holdings in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management purchased a new position in shares of Apple during the 4th quarter valued at about $65,000. Timmons Wealth Management LLC bought a new stake in Apple in the 4th quarter worth approximately $69,000. Finally, Inspire Investing LLC bought a new stake in Apple in the 4th quarter worth approximately $76,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of AAPL stock opened at $313.33 on Monday. The company has a market capitalization of $4.57 trillion, a P/E ratio of 35.93, a PEG ratio of 2.68 and a beta of 1.09. Apple Inc. has a fifty-two week low of $219.25 and a fifty-two week 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 50 day moving average price of $309.45 and a two-hundred day moving average price of $283.42.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter last year, the business earned $1.57 earnings per share. The business's revenue was up 16.4% on a year-over-year basis. Analysts expect that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Apple's dividend payout ratio (DPR) is 12.39%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Bank of America restated a "buy" rating and issued a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. UBS Group reaffirmed a "neutral" rating on shares of Apple in a research note on Friday, July 31st. KGI Securities lowered shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price on the stock. in a report on Monday, June 22nd. Finally, China Renaissance cut shares of Apple from a "buy" rating to a "hold" rating and set a $280.00 target price on the stock. in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $330.44.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of the business'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 owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by company insiders.

Apple News Summary

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%

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.

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