Apple Inc. $AAPL Stock Holdings Raised by Long Road Investment Counsel LLC

Key Points

• Long Road Investment Counsel LLC increased its Apple stake by 10.6% in the first quarter, bringing its holdings to 29,100 shares valued at approximately $7.4 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported strong quarterly results, with EPS of $2.02 beating estimates and revenue of $109.42 billion rising 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 0.3% yield.
• Analyst sentiment remains broadly positive but mixed: MarketBeat lists a “Moderate Buy” consensus rating and a $330.44 average price target, while some analysts cited Apple’s premium valuation, slower Services growth and rising memory costs as concerns.

Long Road Investment Counsel LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,100 shares of the iPhone maker's stock after purchasing an additional 2,800 shares during the period. Apple comprises about 2.9% of Long Road Investment Counsel LLC's holdings, making the stock its 10th largest holding. Long Road Investment Counsel LLC's holdings in Apple were worth $7,385,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Lifetime Wealth Management P.C. purchased a new position in shares of Apple during the fourth quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC boosted its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. Timmons Wealth Management LLC bought a new position in shares of Apple during the 4th quarter valued at $69,000. LSV Asset Management bought a new position in shares of Apple during the 4th quarter valued at $65,000. Finally, Inspire Investing LLC purchased a new position in Apple in the 4th quarter worth $76,000. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 0.5%

NASDAQ AAPL opened at $312.41 on Friday. The stock has a market cap of $4.56 trillion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09. Apple Inc. has a fifty-two week low of $216.58 and a fifty-two week high of $344.57. The stock has a 50 day simple moving average of $309.43 and a two-hundred day simple moving average of $283.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 earnings per share. On average, analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be given a dividend of $0.27 per share. 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 payout ratio is presently 12.39%.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 116 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed 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. Company insiders own 0.06% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: App Store revenue rose 0.6% year over year to $3.4 billion during the first 35 days of Apple’s fiscal fourth quarter, despite a 4% decline in iPhone and iPad downloads. Revenue per download increased 4.7% to $1.02, suggesting stronger monetization and supporting the Services business. Apple App Store revenue ticks up despite falling downloads
• Positive Sentiment: Apple’s fiscal third-quarter revenue reached a June-quarter record of $109.4 billion, up 16% year over year, while earnings exceeded estimates. Reports also point to broad iPhone, Mac and Services demand, resilient iPhone sales and continued growth in India, providing a fundamental counterweight to recent market concerns. Apple’s Quarterly iPhone Sales Were Even Better Than They Seem
• Positive Sentiment: Some analysts and market commentators continue to recommend buying the pullback, arguing that Apple’s ecosystem, product pipeline and long-term earnings potential remain attractive despite near-term volatility. 3 Reasons to Buy Apple Stock on the Dip
• Neutral Sentiment: OpenAI asked a federal judge to dismiss Apple’s trade-secrets lawsuit, denying that it misappropriated confidential information through former Apple employees. The filing creates legal and reputational uncertainty, although the financial impact is not yet clear. OpenAI asks US judge to dismiss Apple’s trade secrets case
• Negative Sentiment: Analysts at Phillip Securities, DZ Bank and China Renaissance lowered their views on Apple to Moderate Sell or Hold. Concerns include slowing Services growth, elevated memory costs, supply constraints, policy risks and Apple’s premium valuation.
• Negative Sentiment: Services revenue grew about 12% to $30.7 billion, making it the slowest-growing of Apple’s three largest businesses. Tim Cook also warned that rising memory prices could pressure margins, while the CEO transition adds uncertainty after a record quarter. Tim Cook’s Last Quarter as CEO

Analyst Ratings Changes

Several analysts have weighed in on AAPL shares. Jefferies Financial Group reissued a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. Barclays reiterated an "underweight" rating and issued a $245.00 price objective (down from $253.00) on shares of Apple in a report on Friday, July 31st. Wedbush reissued an "outperform" rating and issued a $400.00 target price on shares of Apple in a research note on Friday, June 5th. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a report on Monday, June 8th. Finally, Royal Bank Of Canada set a $365.00 price target on Apple in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $330.44.

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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