Burns J W & Co. Inc. NY Sells 2,515 Shares of Apple Inc. $AAPL

Key Points

• Burns J W & Co. Inc. NY trimmed its Apple stake by 0.8%, selling 2,515 shares to hold 307,683 shares valued at $83.647M — Apple is about 9.3% of the firm's portfolio and its largest holding.
• Apple announced a $400M U.S. manufacturing expansion through 2030 and received a supportive Buy reiteration from Bank of America citing services and on‑device AI upside, but faces execution and sentiment risks from supplier takeover talks (Globalstar/Amazon), geopolitical threats, and valuation/positioning pressure as some large funds trim exposure.
• Apple beat quarterly estimates (EPS $2.84 vs $2.67; revenue $143.76B vs $138.25B), has a $3.76T market cap and a PE of 32.35, and pays a $0.26 quarterly dividend (0.4% yield) with a consensus price target near $297.58.

Burns J W & Co. Inc. NY trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 307,683 shares of the iPhone maker's stock after selling 2,515 shares during the period. Apple makes up about 9.3% of Burns J W & Co. Inc. NY's holdings, making the stock its largest holding. Burns J W & Co. Inc. NY's holdings in Apple were worth $83,647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Isthmus Partners LLC increased its position in shares of Apple by 6.4% during the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock worth $25,000 after purchasing an additional 5,808 shares during the last quarter. Sellwood Investment Partners LLC lifted its position in Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after buying an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its position in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management purchased a new position in Apple during the fourth quarter worth about $65,000. Finally, 49 Wealth Management LLC boosted its stake in Apple by 15.7% during the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock worth $76,000 after buying an additional 40,543 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple announced a $400M expansion to its U.S. manufacturing program through 2030, aimed at onshoring critical components and strengthening supply-chain resilience — a potential boost to margins and political goodwill. Apple Inc. (AAPL) expands US manufacturing program with $400M investment
• Positive Sentiment: Bank of America/BofA coverage kept a Buy rating and a $320 price target, citing accelerating services growth and on‑device AI upside — a supportive analyst note for the stock’s premium multiple. Apple: Accelerating Services Growth and On‑Device AI Upside Support Premium Valuation and Buy Rating
• Positive Sentiment: Coverage highlights a strategic pivot in Apple’s AI approach that could be constructive long term — the market is parsing whether the move accelerates monetization of on‑device AI and services revenue. Apple's AI Strategy Is Pivoting. Here's Why That Could Be Great News for the Stock.
• Neutral Sentiment: New trading products (prediction markets) are now offering contracts tied to Apple share prices via Pyth price feeds — more retail/derivative activity but no direct company impact. Polymarket expands into equities and commodities with Pyth price feeds
• Neutral Sentiment: 50th‑anniversary coverage and product rumors (e.g., iPhone design leaks, archive stories) are keeping investor sentiment alive but are background noise versus hard financial drivers. Apple's 50-year journey from garage to tech titan
• Negative Sentiment: Reports that Amazon is in talks to acquire Globalstar (Apple’s satellite supplier for Emergency SOS/messaging) raise execution and competitive risks for Apple’s satellite features if supplier control shifts. That creates uncertainty around a small but strategic connectivity capability. Amazon Lines Up Deal to Rival SpaceX's Starlink: Report. Why Apple Could Be a Problem.
• Negative Sentiment: Geopolitical headlines — Iran’s IRGC has named U.S. tech firms including Apple as potential targets — add short‑term operational and sentiment risk, which can weigh on shares in risk-off episodes. Iran threatens Nvidia, Apple and other tech giants with attack
• Negative Sentiment: Valuation and positioning worries persist: commentators flag AAPL’s premium P/E and the Magnificent Seven’s underperformance this year; large funds (e.g., a D.E. Shaw trim) have reduced exposure — pressure points for the stock during market rotations. Is Apple Stock Overvalued Or Undervalued? Apple Inc. (AAPL): D. E. Shaw Trims Holding

Apple Stock Performance

Shares of AAPL stock opened at $255.92 on Friday. The firm has a 50 day moving average of $260.51 and a two-hundred day moving average of $263.08. The stock has a market capitalization of $3.76 trillion, a PE ratio of 32.35, a P/E/G ratio of 2.42 and a beta of 1.11. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.67 by $0.17. The business had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company's revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.40 earnings per share. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, February 9th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio is 13.15%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AAPL shares. UBS Group reissued a "neutral" rating on shares of Apple in a research note on Wednesday, March 4th. TD Cowen restated a "buy" rating and set a $325.00 price target on shares of Apple in a research report on Friday, January 30th. Jefferies Financial Group set a $330.00 price objective on Apple in a research note on Wednesday, March 4th. Barclays boosted their price objective on Apple from $239.00 to $248.00 and gave the company an "underweight" rating in a report on Tuesday, March 3rd. Finally, Oppenheimer restated a "market perform" rating on shares of Apple in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $297.58.

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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