Apple Inc. $AAPL Stock Holdings Increased by Next Level Private LLC

Key Points

• Next Level Private LLC increased its Apple stake by 141.3% in the first quarter, buying 52,433 additional shares to bring its total to 89,544 shares worth about $22.7 million.
• Apple’s latest news flow is mostly positive, highlighted by a Broadcom chip deal that should improve supply-chain resilience and support its long-term AI and hardware strategy.
• Despite some regulatory pressure after losing an EU court challenge over the Digital Markets Act, Apple recently beat earnings expectations and remains broadly favored by analysts, with a consensus Moderate Buy rating.

Next Level Private LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 141.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,544 shares of the iPhone maker's stock after acquiring an additional 52,433 shares during the quarter. Apple accounts for 5.1% of Next Level Private LLC's holdings, making the stock its 4th biggest position. Next Level Private LLC's holdings in Apple were worth $22,725,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Reyes Financial Architecture Inc. lifted its holdings in shares of Apple by 0.4% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after buying an additional 37 shares during the period. WESPAC Advisors LLC grew its holdings in Apple by 0.3% during the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock worth $3,351,000 after acquiring an additional 39 shares during the period. Interactive Financial Advisors Inc. raised its position in Apple by 4.0% during the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after acquiring an additional 40 shares in the last quarter. Sugar Maple Asset Management LLC raised its position in Apple by 2.0% during the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock valued at $515,000 after acquiring an additional 40 shares in the last quarter. Finally, Orion Investment Co lifted its holdings in Apple by 0.3% in the fourth quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker's stock valued at $3,902,000 after acquiring an additional 41 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ben Borders sold 1,274 shares of the business's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider directly owned 38,713 shares of the company's stock, valued at $11,226,770. This represents a 3.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,924 shares of company stock valued at $825,546 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: The Broadcom agreement should improve Apple’s supply chain resiliency, reduce reliance on overseas suppliers, and strengthen its domestic manufacturing story. Apple to increase spend with Broadcom to produce billions more U.S. chips
• Positive Sentiment: Wall Street is also taking the deal as a sign that Apple is investing aggressively in its long-term chip and AI infrastructure, which could support future product launches and margin stability. Apple Announces Broadcom Chip Deal Worth More Than $30 Billion
• Neutral Sentiment: Apple also lost an EU court challenge to the bloc’s Digital Markets Act, leaving its App Store and iOS under tougher antitrust obligations in Europe, but investors appear to be focusing more on the chip deal today. EU court rejects Apple's challenge against EU rules reining in Big Tech
• Neutral Sentiment: Separately, JPMorgan said recent hardware price increases are unlikely to hurt demand, reinforcing the view that Apple’s pricing power remains intact heading into earnings later this month. Apple price hikes unlikely to hurt demand, JPMorgan says as it raises PT

Apple Stock Up 0.9%

Shares of AAPL opened at $313.39 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. Apple Inc. has a 12 month low of $201.50 and a 12 month high of $317.40. The stock's 50 day moving average is $297.74 and its two-hundred day moving average is $274.68. The firm has a market cap of $4.60 trillion, a P/E ratio of 37.89, a PEG ratio of 2.70 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.06. The business 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%.The business's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 EPS. Analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is a boost from Apple's previous quarterly dividend of $0.26. Apple's payout ratio is presently 13.06%.

Analysts Set New Price Targets

Several equities research analysts have commented on AAPL shares. Evercore restated an "outperform" rating on shares of Apple in a research report on Wednesday. Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Monday, June 1st. KGI Securities cut shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price for the company. in a research note on Monday, June 22nd. Jefferies Financial Group reissued a "hold" rating on shares of Apple in a report on Tuesday, June 9th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $314.85.

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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