Boyum Wealth Architects LLC Purchases 2,877 Shares of Apple Inc. $AAPL

Key Points

• Boyum Wealth Architects LLC increased its Apple stake by 81.8% in the fourth quarter, adding 2,877 shares to bring its total holding to 6,395 shares valued at about $1.586 million.
• Apple reported a strong recent quarter, with EPS of $2.01 and revenue of $111.18 billion, both ahead of analyst expectations, while revenue rose 16.6% year over year.
• Analyst sentiment remains favorable overall: Apple has a Moderate Buy consensus rating, with Wedbush raising its price target to $400 and the average target standing at $305.74.

Boyum Wealth Architects LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 81.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,395 shares of the iPhone maker's stock after acquiring an additional 2,877 shares during the period. Apple makes up 0.7% of Boyum Wealth Architects LLC's portfolio, making the stock its 22nd biggest holding. Boyum Wealth Architects LLC's holdings in Apple were worth $1,586,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sellwood Investment Partners LLC boosted its holdings in Apple by 110.9% during the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after acquiring an additional 180 shares during the period. LSV Asset Management bought a new stake in Apple during the fourth quarter valued at about $65,000. PayPay Securities Corp boosted its holdings in Apple by 52.1% during the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock valued at $99,000 after acquiring an additional 125 shares during the period. Finally, eCIO Inc. bought a new stake in Apple during the fourth quarter valued at about $112,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AAPL. Wedbush restated an "outperform" rating and set a $400.00 price target (up from $350.00) on shares of Apple in a report on Friday. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a research note on Monday, March 2nd. Stifel Nicolaus set a $330.00 target price on shares of Apple in a research note on Monday, March 2nd. KeyCorp reiterated a "sector weight" rating on shares of Apple in a research note on Thursday, March 12th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Apple in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $305.74.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s latest earnings showed record-like strength, with revenue and EPS beating estimates and iPhone sales surging, reinforcing confidence in the company’s core business and margin profile.
• Positive Sentiment: Apple is being viewed more favorably on AI and product innovation, with analysts and commentators highlighting a coming WWDC catalyst, deeper AI integration, and potential new growth from wearables, Vision products, and smart glasses.
• Positive Sentiment: Reports that Apple may use Intel for some chip production could be seen as strategically positive because it reduces reliance on a single supplier and may improve long-term supply-chain resilience. Article Title
• Positive Sentiment: Apple’s pricing power remains intact, as it reportedly raised the Mac mini’s starting price while still seeing strong demand and backorders, suggesting healthy interest in its hardware lineup.
• Neutral Sentiment: Apple will pay its quarterly dividend today, which supports the stock’s income appeal but is not likely a major near-term share-price driver.
• Negative Sentiment: Director Arthur Levinson’s $71 million stock sale may temper enthusiasm a bit, since insider selling near highs can signal management caution or profit-taking.
• Negative Sentiment: Some coverage warns that Apple’s stock may be getting stretched after its run-up, and rising component costs could pressure future margins if consumer hardware pricing becomes harder to manage.

Apple Stock Down 0.2%

Shares of AAPL opened at $292.68 on Tuesday. The stock has a market cap of $4.30 trillion, a price-to-earnings ratio of 35.39, a P/E/G ratio of 2.55 and a beta of 1.06. 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 12 month low of $193.46 and a 12 month high of $294.76. The company has a 50-day moving average price of $262.63 and a two-hundred day moving average price of $266.47.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 earnings per share. Equities analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.27 per share. This is a positive change from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, May 11th. Apple's dividend payout ratio is 12.58%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of the firm's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the transaction, the senior vice president owned 136,810 shares in the company, valued at $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of the firm's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 96,485 shares of company stock worth $24,594,845 over the last quarter. Company insiders own 0.06% of the company's stock.

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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