Atria Investments Inc reduced its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 402,411 shares of the iPhone maker's stock after selling 9,604 shares during the quarter. Apple makes up approximately 1.2% of Atria Investments Inc's investment portfolio, making the stock its 6th biggest position. Atria Investments Inc's holdings in Apple were worth $109,399,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of AAPL. Norges Bank purchased a new stake in Apple in the 2nd quarter worth $38,942,255,000. Nuveen LLC purchased a new stake in Apple in the 1st quarter worth $17,472,482,000. Laurel Wealth Advisors LLC grew its position in shares of Apple by 20,464.8% during the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock valued at $5,553,753,000 after purchasing an additional 26,937,401 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.
Key Stories Impacting Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Investors are looking for WWDC to showcase a major Siri overhaul and new AI features, which could help justify a higher valuation if Apple demonstrates stronger product momentum. Article Title
- Positive Sentiment: Apple’s App Store generated more than $1.4 trillion in developer sales and billings last year, reinforcing the scale and stickiness of its Services ecosystem. Article Title
- Positive Sentiment: Analysts remain constructive on Apple’s AI roadmap and ecosystem strength, with several price-target hikes and Buy calls suggesting upside if the company executes at WWDC. Article Title
- Neutral Sentiment: Apple approved Poke as the first AI agent on its Messages for Business platform, showing early AI adoption inside its messaging ecosystem, but the near-term financial impact appears limited. Article Title
- Neutral Sentiment: Reports that Apple may use Google cloud servers and Nvidia chips to help power Siri signal a faster AI rollout, though they also highlight Apple’s reliance on outside infrastructure. Article Title
- Negative Sentiment: UBS warned that App Store growth is decelerating, which matters because App Store revenue is a key driver of Apple’s high-margin Services segment. Article Title
- Negative Sentiment: Apple agreed to submit India financials in a long-running antitrust case, keeping regulatory risk in focus as authorities move closer to a penalty decision. Article Title
Analyst Ratings Changes
AAPL has been the subject of a number of analyst reports. TD Cowen reaffirmed a "buy" rating and issued a $335.00 price target (up from $325.00) on shares of Apple in a report on Friday, May 1st. Jefferies Financial Group set a $330.00 price target on shares of Apple in a report on Wednesday, March 4th. DA Davidson reissued a "neutral" rating and issued a $270.00 price objective on shares of Apple in a research note on Friday, May 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a research note on Monday, March 2nd. Finally, Tigress Financial reissued a "strong-buy" rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $312.82.
Check Out Our Latest Stock Report on Apple
Insider Activity at Apple
In other news, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction 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 sale, the chief financial officer directly owned 13,366 shares of the company's stock, valued at $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ben Borders sold 1,274 shares of the business's stock in a transaction on Friday, May 8th. The shares were 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 in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 97,759 shares of company stock valued at $24,964,305 over the last three months. 0.06% of the stock is owned by corporate insiders.
Apple Stock Performance
Shares of AAPL stock opened at $311.24 on Friday. The firm has a market cap of $4.57 trillion, a price-to-earnings ratio of 37.63, a PEG ratio of 2.70 and a beta of 1.09. The company's 50 day moving average is $280.29 and its 200 day moving average is $271.11. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Apple Inc. has a 52-week low of $195.07 and a 52-week high of $316.94.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple's revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.
Apple Increases Dividend
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost 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%.
Apple Company Profile
(
Free Report)
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.
Further Reading
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