Apple Inc. $AAPL Stake Raised by Selective Wealth Management Inc.

Key Points

• Selective Wealth Management Inc. raised its stake in Apple by 10.8% in Q4 to 28,918 shares valued at $7.467 million, making Apple ~2.3% of the fund's portfolio and its 8th-largest holding.
• Tim Cook sold 64,949 shares (~$16.5M) and SVP Deirdre O’Brien sold 30,002 shares on April 2 under pre-arranged Rule 10b5‑1 plans, with corporate insiders now holding about 0.06% of Apple.
• Institutional investors own roughly 67.73% of Apple; analysts rate the stock a "Moderate Buy" with an average target of $301.37, and Apple recently beat earnings with revenue up 15.7% year‑over‑year.

Selective Wealth Management Inc. boosted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,918 shares of the iPhone maker's stock after buying an additional 2,826 shares during the period. Apple makes up approximately 2.3% of Selective Wealth Management Inc.'s investment portfolio, making the stock its 8th largest holding. Selective Wealth Management Inc.'s holdings in Apple were worth $7,467,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AAPL. Overbrook Management Corp boosted its position in Apple by 57.4% in the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock worth $28,449,000 after purchasing an additional 38,174 shares in the last quarter. Highland Capital Management LLC boosted its position in Apple by 2.2% in the 3rd quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker's stock worth $101,301,000 after purchasing an additional 8,446 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in Apple by 48.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock worth $363,256,000 after purchasing an additional 465,393 shares in the last quarter. Tufton Capital Management boosted its position in Apple by 4.3% in the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after purchasing an additional 4,157 shares in the last quarter. Finally, World Investment Advisors boosted its position in Apple by 3.9% in the 3rd quarter. World Investment Advisors now owns 734,485 shares of the iPhone maker's stock worth $187,022,000 after purchasing an additional 27,445 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target and reiterated a bullish outlook ahead of Q2, citing strong iPhone and Services momentum — a clear analyst catalyst supporting upside expectations. Apple price target raised ahead of earnings
• Positive Sentiment: Unusually large call buying: traders purchased ~1.03M Apple calls (≈24% above typical daily call volume), signaling short‑term bullish positioning that can amplify intraday gains.
• Positive Sentiment: Product catalysts — reports on Apple’s imminent foldable iPhone and recent product announcements keep a tangible growth story intact (new hardware can lift ASPs and Services engagement). Apple's Foldable iPhone Foray
• Neutral Sentiment: Amazon’s acquisition of Globalstar reshapes Apple’s satellite dependence — it creates near‑term uncertainty (a critical vendor now controlled by a competitor) but also a potential catalyst if Apple elects to accelerate its own satellite strategy or strike new partnerships. Apple Sends an SOS
• Neutral Sentiment: AI narrative and positioning: multiple pieces flag rising investor focus on Apple’s AI approach versus peers — positive long‑term but execution and timing remain uncertain, so this is more of a watch‑item than an immediate earnings lever. Apple: More Attention On AI Strategy
• Negative Sentiment: App‑store security incident: a fake Ledger app that stole ~$9.5M highlighted review gaps and raises regulatory/PR risk around App Store oversight (Apple removed the app, but incidents like this can drive scrutiny). Apple removes fake Ledger app
• Negative Sentiment: Store closures including a unionized location drew criticism and union‑busting claims — reputational and workforce risks are remote to revenue but could attract regulatory or headline pressure. Apple closing 3 stores

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the transaction, the chief executive officer directly owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total value of $7,661,010.70. Following the completion of the transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 2.9%

Shares of AAPL stock opened at $266.43 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94. The company has a market cap of $3.91 trillion, a price-to-earnings ratio of 33.68, a PEG ratio of 2.45 and a beta of 1.11. The stock has a 50 day simple moving average of $260.12 and a 200-day simple moving average of $263.94. Apple Inc. has a 1-year low of $189.81 and a 1-year high of $288.62.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The business had revenue of $143.76 billion during the quarter, compared to the consensus estimate of $138.25 billion. During the same period in the prior year, the company posted $2.40 EPS. The business's quarterly revenue was up 15.7% on a year-over-year basis. On average, equities research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple's dividend payout ratio is currently 13.15%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AAPL shares. Evercore restated an "outperform" rating on shares of Apple in a research report on Monday, March 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Apple in a research note on Thursday, March 12th. Rosenblatt Securities upped their target price on Apple from $267.00 to $268.00 and gave the stock a "neutral" rating in a research note on Thursday, March 5th. Citigroup reaffirmed a "buy" rating and set a $315.00 target price (down from $330.00) on shares of Apple in a research note on Tuesday, January 20th. Finally, Moffett Nathanson upped their target price on Apple from $241.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $301.37.

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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