B&D White Capital Company LLC Has $2.52 Million Stake in Apple Inc. $AAPL

Key Points

• B&D White Capital increased its Apple stake by 36.3% in the first quarter, holding 9,913 shares valued at approximately $2.52 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share, surpassing the $1.89 consensus estimate, while revenue rose 16.4% year over year to $109.42 billion.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $330.44, despite recent downgrades to Hold and Moderate Sell.

B&D White Capital Company LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 36.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,913 shares of the iPhone maker's stock after acquiring an additional 2,638 shares during the period. B&D White Capital Company LLC's holdings in Apple were worth $2,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Monograph Wealth Advisors LLC raised its position in Apple by 15.6% in the first quarter. Monograph Wealth Advisors LLC now owns 123,385 shares of the iPhone maker's stock valued at $31,314,000 after purchasing an additional 16,640 shares during the last quarter. State of Wyoming grew its holdings in shares of Apple by 152.6% during the first quarter. State of Wyoming now owns 65,912 shares of the iPhone maker's stock worth $16,728,000 after purchasing an additional 39,818 shares during the last quarter. Envision Financial Transparency LLC acquired a new position in shares of Apple in the first quarter valued at approximately $1,167,000. Lavaca Capital LLC increased its stake in shares of Apple by 8.8% in the first quarter. Lavaca Capital LLC now owns 48,125 shares of the iPhone maker's stock valued at $12,214,000 after buying an additional 3,875 shares during the period. Finally, Levin Capital Strategies L.P. raised its holdings in Apple by 7.2% in the 1st quarter. Levin Capital Strategies L.P. now owns 93,973 shares of the iPhone maker's stock valued at $23,850,000 after buying an additional 6,304 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity

In other news, insider Ben Borders sold 116 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AAPL has been the topic of several recent research reports. KeyCorp reiterated an "underweight" rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, July 28th. Oppenheimer reiterated a "market perform" rating on shares of Apple in a report on Friday, July 31st. DZ Bank downgraded Apple from a "buy" rating to a "hold" rating and set a $310.00 price objective for the company. in a report on Tuesday, August 4th. Evercore reaffirmed an "outperform" rating on shares of Apple in a research report on Wednesday, July 8th. Finally, Phillip Securities lowered Apple from a "hold" rating to a "moderate sell" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $330.44.

Apple Trading Up 0.3%

Shares of AAPL opened at $313.33 on Friday. Apple Inc. has a twelve month low of $219.25 and a twelve month high of $344.57. The stock has a market cap of $4.57 trillion, a PE ratio of 35.93, a P/E/G ratio of 2.69 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The business's 50-day moving average price is $309.45 and its 200-day moving average price is $283.23.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. The business's revenue was up 16.4% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook's Last Quarter as CEO Was Apple's Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple's Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple's Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

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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