Apple Inc. $AAPL Stock Holdings Raised by Apriem Advisors

Key Points

• Apriem Advisors increased its Apple stake by 0.9% in the fourth quarter, ending with 236,367 shares valued at about $64.3 million. Apple remained its third-largest holding and represented 5.9% of the firm’s portfolio.
• Insiders sold shares recently, including SVP Deirdre O’Brien and CFO Kevan Parekh, with total insider sales of 97,759 shares worth about $25.0 million over the last 90 days. Despite this, institutional ownership remains high at 67.73%.
• Apple posted strong quarterly results and raised its dividend, beating earnings and revenue estimates while increasing its quarterly payout to $0.27 from $0.26. Analysts currently hold a consensus “Moderate Buy” view with an average price target of $314.59.

Apriem Advisors lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 236,367 shares of the iPhone maker's stock after buying an additional 2,121 shares during the quarter. Apple accounts for approximately 5.9% of Apriem Advisors' holdings, making the stock its 3rd largest holding. Apriem Advisors' holdings in Apple were worth $64,259,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AAPL. Overbrook Management Corp grew its stake in Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock valued at $28,449,000 after purchasing an additional 38,174 shares in the last quarter. Tufton Capital Management grew its stake in Apple by 4.3% during the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock valued at $25,496,000 after purchasing an additional 4,157 shares in the last quarter. Torren Management LLC acquired a new stake in Apple during the 4th quarter valued at approximately $1,178,000. KBC Group NV grew its stake in Apple by 3.1% during the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock valued at $1,915,172,000 after purchasing an additional 214,215 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Apple by 5.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,246,305 shares of the iPhone maker's stock valued at $572,168,000 after purchasing an additional 116,960 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of the company's stock in a transaction dated 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 owned 136,810 shares in the company, valued at approximately $34,934,433.50. This represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. The trade was a 10.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 97,759 shares of company stock worth $24,964,305 in the last 90 days. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of AAPL opened at $291.13 on Friday. Apple Inc. has a 52 week low of $195.07 and a 52 week high of $317.40. The firm has a market cap of $4.28 trillion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.53 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average of $285.64 and a 200-day moving average of $272.27.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same period last year, the company earned $1.65 earnings per share. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a $0.27 dividend. This is a boost from Apple's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, May 11th. Apple's dividend payout ratio is 13.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $325.00 price objective on Apple in a research note on Tuesday. Needham & Company LLC restated a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. Barclays restated an "underweight" rating on shares of Apple in a research note on Tuesday. UBS Group reiterated a "buy" rating on shares of Apple in a research report on Tuesday. Finally, BNP Paribas Exane upgraded Apple from a "neutral" rating to an "outperform" rating and set a $300.00 target price for the company in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $314.59.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Services business posted record revenue in the fiscal second quarter, supported by ecosystem growth, AI-related updates, and its huge installed device base. Apple Continues to Expand Services Business: What's the Path Ahead?
• Positive Sentiment: Several commentators said Apple still has strong fundamentals, including a solid balance sheet, loyal customer base, and products investors continue to love, which supports the long-term bull case. Jim Cramer on Apple: “It Still Has Products We All Love”
• Positive Sentiment: Analysts at Erste Group Bank raised their earnings estimates for Apple, signaling expectations for steady profit growth over the next two fiscal years. Apple earnings estimate update
• Neutral Sentiment: Apple’s WWDC announcements showed a clearer AI roadmap, including next-generation Siri features and device software updates, but the market appears to be waiting for stronger evidence that these changes will drive meaningful revenue growth. Apple Unveils Siri AI. Here's Why It's Not Impressing Investors
• Neutral Sentiment: Some coverage suggested Apple’s AI launch could help the stock over time, but it may take more than Siri upgrades alone to restore investor enthusiasm. Apple Just Gave Investors a Glimpse of Is AI Future at WWDC. It May Take More to Revive AAPL Stock.
• Negative Sentiment: Investors are worried Apple’s AI ambitions are colliding with a memory-cost crunch, creating pricing pressure that could weigh on margins. Apple Faces a No-Win Pricing Dilemma. Should Investors Be Worried?
• Negative Sentiment: Multiple reports say the market was disappointed that Apple’s Siri AI reveal did not feel like a big enough breakthrough to justify a sharper rerating of the stock. Apple's AI News Underwhelms. Siri AI Release Concerns Persist.

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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