Apple Inc. $AAPL Stock Holdings Raised by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC increased its Apple stake by 9.3% in the first quarter, buying 18,492 more shares and bringing its total holding to 217,546 shares worth about $55.2 million.
• Other institutional investors also made moves in Apple, and overall hedge funds and institutions now own 67.73% of the company’s stock, showing continued broad interest in the name.
• Apple remains a heavily watched stock amid mixed signals: analysts have a Moderate Buy consensus with an average price target of $313.11, while recent commentary has highlighted both bullish catalysts like AI and iPhone pricing and bearish concerns about slowing upgrades and Services growth.

Turtle Creek Wealth Advisors LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 9.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 217,546 shares of the iPhone maker's stock after acquiring an additional 18,492 shares during the period. Apple makes up approximately 4.2% of Turtle Creek Wealth Advisors LLC's holdings, making the stock its 3rd largest holding. Turtle Creek Wealth Advisors LLC's holdings in Apple were worth $55,211,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Lifetime Wealth Management P.C. acquired a new stake in Apple during the 4th quarter valued at $41,000. ROSS JOHNSON & Associates LLC increased its stake in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after buying an additional 180 shares during the period. LSV Asset Management acquired a new position in Apple in the 4th quarter worth $65,000. Timmons Wealth Management LLC acquired a new position in Apple in the 4th quarter worth $69,000. Finally, Inspire Investing LLC purchased a new position in Apple in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 67.73% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Citi raised its price target on Apple to $365 and kept a Buy rating, arguing the company can keep gaining market share and may benefit from premium iPhone pricing and Apple Intelligence upside. Article Title
• Positive Sentiment: Apple continues to show strong smartphone performance, including record Q2 market share in China and reports that it has outperformed the broader smartphone slump, which supports the case for resilient demand. Article Title
• Positive Sentiment: Investors are also focusing on potential future catalysts such as a possible iPhone price increase and new product cycles, including foldable iPhone plans and AI-focused chip development. Article Title
• Neutral Sentiment: Apple’s lawsuit against OpenAI is keeping the stock in the headlines; it could protect Apple’s intellectual property and slow a competitor’s hardware push, but it also adds legal uncertainty. Article Title
• Neutral Sentiment: Broadcom’s multiyear chip agreement was described as strategically positive for Apple’s AI silicon efforts, but it is more of a longer-term support story than a direct near-term stock mover. Article Title
• Negative Sentiment: KeyBanc’s downgrade and related bearish commentary from other firms are the clearest reasons Apple stock is lower, with analysts warning that slowing iPhone upgrades and softer Services growth could limit further upside. Article Title

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ben Borders sold 1,274 shares of the company'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 transaction, the insider owned 38,713 shares of the company's stock, valued at $11,226,770. This represents a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,924 shares of company stock valued at $825,546. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAPL. Oppenheimer restated a "market perform" rating on shares of Apple in a research note on Tuesday, June 9th. KeyCorp cut Apple from a "sector weight" rating to an "underweight" rating and set a $250.00 price target on the stock. in a research note on Tuesday. BNP Paribas Exane raised Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target for the company in a report on Friday, April 17th. Maxim Group restated a "buy" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Apple in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $313.11.

Apple Trading Down 0.8%

Shares of NASDAQ AAPL opened at $314.86 on Wednesday. The company has a market cap of $4.62 trillion, a price-to-earnings ratio of 38.07, a price-to-earnings-growth ratio of 2.76 and a beta of 1.10. Apple Inc. has a 12-month low of $201.50 and a 12-month high of $323.45. 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's 50 day simple moving average is $301.09 and its 200 day simple moving average is $275.89.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 EPS. Equities research analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

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

About Apple

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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