Bingham Private Wealth LLC Makes New $4.61 Million Investment in Apple Inc. $AAPL

Key Points

• Bingham Private Wealth LLC bought 16,946 shares of Apple in Q4 valued at about $4.61 million, making Apple its third‑largest position at roughly 3.8% of the firm's holdings.
• CEO Timothy D. Cook sold 64,949 shares (≈$16.5M) under a Rule 10b5‑1 plan, and insiders sold 96,485 shares totaling about $24.6M over the last quarter, while corporate insiders now own just 0.06% of Apple.
• Apple beat March‑quarter expectations with $2.01 EPS and $111.18 billion in revenue and raised its quarterly dividend to $0.27 per share (record date May 11, payment May 14).

Bingham Private Wealth LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,946 shares of the iPhone maker's stock, valued at approximately $4,607,000. Apple accounts for 3.8% of Bingham Private Wealth LLC's holdings, making the stock its 3rd largest position.

A number of other institutional investors also recently modified their holdings of the stock. Overbrook Management Corp lifted its position in shares of Apple by 57.4% during the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock worth $28,449,000 after purchasing an additional 38,174 shares in the last quarter. Highland Capital Management LLC lifted its position in shares of Apple by 2.2% during the third quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker's stock worth $101,301,000 after purchasing an additional 8,446 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Apple by 48.4% during the third quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock worth $363,256,000 after purchasing an additional 465,393 shares in the last quarter. Tufton Capital Management lifted its position in shares of Apple by 4.3% during the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after purchasing an additional 4,157 shares in the last quarter. Finally, Montis Financial LLC lifted its position in shares of Apple by 15.8% during the third quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker's stock worth $19,841,000 after purchasing an additional 10,640 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the transaction, the chief executive officer owned 3,280,418 shares of the company's stock, valued at $833,980,668.14. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company's stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 96,485 shares of company stock worth $24,594,845. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of AAPL stock opened at $287.52 on Thursday. The firm has a market capitalization of $4.22 trillion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.06. Apple Inc. has a 12-month low of $193.25 and a 12-month high of $288.62. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average of $261.55 and a 200-day moving average of $265.79.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. The business 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%. The firm's quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the business posted $1.65 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 8.73 earnings per share for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, May 11th. 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%. Apple's dividend payout ratio is currently 13.06%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bloomberg/Reuters reports Apple will let users pick third‑party AI models across iOS 27 features — a move that turns iPhones into a more open AI platform, increasing services opportunities and ecosystem stickiness. Apple to let users choose rival AI models across iOS 27 features
• Positive Sentiment: Apple confirmed an increased dividend with an upcoming record/ex‑dividend timeline (shareholders of record May 11; payment mid‑May), supporting income-oriented demand. Dear Apple Stock Fans, Mark Your Calendars for May 11
• Positive Sentiment: Reports that Apple is exploring U.S. chip manufacturing partnerships with Intel and Samsung reduce single‑supplier (TSMC) risk — a structural supply‑chain play that investors see as de‑risking long‑term device production. The news also lifted chip peers, signaling investor appetite for the strategy. Apple explores using Intel, Samsung to build main device chips in the US
• Positive Sentiment: Strong product performance: iPhone 17 is reported as the world’s best‑selling smartphone in Q1 and Apple posted a record March quarter (revenue/EPS beats), reinforcing top‑line momentum. iPhone 17 Rules, Becomes World's Best‑Selling Smartphone
• Neutral Sentiment: Apple’s R&D spending has crossed 10% of sales as it accelerates AI investment — good for long‑term product leadership but raises near‑term operating leverage and investor focus on ROI. Apple crosses 10% of sales on AI R&D
• Neutral Sentiment: Product lineup changes and temporary pulled Mac Studio/Mac mini high‑memory configs point to supply bottlenecks for Macs — supports demand proof but may keep near‑term sales lumpy. Apple pulls high‑memory Mac mini/Mac Studio configs from store on supply crunch
• Negative Sentiment: Apple agreed to a $250M settlement in lawsuits over delayed/mis‑advertised Siri/AI features — the cost is manageable but highlights execution and marketing risks around AI rollouts and could create modest near‑term cash outflows and reputational headlines. Apple settles lawsuit over late Siri AI features for $250 million
• Negative Sentiment: Legal pressure persists: Apple failed to pause a contempt ruling related to the Epic Games App Store case, keeping antitrust/legal overhangs on the stock. Apple dealt blow by Supreme Court in long‑running antitrust feud

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAPL. Oppenheimer reiterated a "market perform" rating on shares of Apple in a research report on Friday, January 30th. Phillip Securities upgraded shares of Apple from a "moderate sell" rating to a "hold" rating in a research report on Sunday, February 1st. Citigroup reiterated a "buy" rating on shares of Apple in a research report on Tuesday, April 21st. Morgan Stanley reiterated an "overweight" rating and set a $330.00 target price (up from $315.00) on shares of Apple in a research report on Friday, May 1st. Finally, UBS Group set a $296.00 price objective on shares of Apple and gave the company a "neutral" rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus target price of $304.31.

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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