Capital Asset Advisory Services LLC Has $49.33 Million Holdings in Apple Inc. $AAPL

Key Points

• Capital Asset Advisory Services LLC boosted its Apple stake by 3.7% in the first quarter, adding 6,374 shares and bringing its total holdings to 180,657 shares valued at about $49.33 million.
• Institutional ownership remains strong, with 67.73% of Apple shares held by institutions and hedge funds. Several large investors, including Vanguard and Norges Bank, also recently increased or established positions.
• Analyst sentiment is generally positive but mixed: Apple has a consensus rating of “Moderate Buy” with an average price target of $314.85. Recent headlines include a lawsuit against OpenAI and a major chip deal with Broadcom, both of which are influencing investor attention.

Capital Asset Advisory Services LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,657 shares of the iPhone maker's stock after buying an additional 6,374 shares during the period. Apple accounts for approximately 1.8% of Capital Asset Advisory Services LLC's investment portfolio, making the stock its 19th biggest position. Capital Asset Advisory Services LLC's holdings in Apple were worth $49,329,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Apple in the fourth quarter valued at approximately $52,266,468,000. Nuveen LLC bought a new position in shares of Apple during the 1st quarter worth approximately $17,472,482,000. Cardano Risk Management B.V. increased its holdings in shares of Apple by 890.7% during the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker's stock worth $11,413,990,000 after acquiring an additional 37,746,784 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in shares of Apple by 20,464.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock worth $5,553,753,000 after acquiring an additional 26,937,401 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AAPL shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Tuesday, June 9th. Jefferies Financial Group reiterated a "hold" rating on shares of Apple in a report on Tuesday, June 9th. Rosenblatt Securities reissued a "neutral" rating and issued a $276.00 price objective on shares of Apple in a research report on Tuesday, June 9th. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. Finally, KGI Securities downgraded shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price for the company. in a report on Monday, June 22nd. One equities research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $314.85.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new lawsuit against OpenAI could help protect its hardware roadmap and reinforce its control over proprietary technology, which may support its long-term competitive position. Reuters: Apple sues OpenAI, two former employees for trade secrets theft
• Positive Sentiment: Recent headlines around Apple’s expanded multi-year chip deal with Broadcom continue to boost sentiment, since the agreement strengthens Apple’s supply chain, supports U.S. manufacturing, and deepens its custom silicon strategy. Yahoo Finance: Apple Secures Largest Ever US Chip Deal With Broadcom For $30 Billion
• Neutral Sentiment: Apple was also named among approved U.S. companies eligible for license-free exports under eased UAE trade rules, which is supportive for international operations but not clearly a near-term stock catalyst. Quiver Quant: U.S. eases export controls on UAE
• Neutral Sentiment: Short-interest data showed no meaningful change, suggesting today’s move is being driven more by news flow than by a shift in bearish positioning.
• Negative Sentiment: The OpenAI lawsuit also highlights that Apple’s relationship with a major AI player has soured, adding uncertainty around future AI partnerships and potentially distracting management with litigation. Financial Times: Apple sues OpenAI, alleging it stole top-secret information

Insider Activity at Apple

In other Apple news, insider Ben Borders sold 116 shares of Apple 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 transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value 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. The trade was a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,924 shares of company stock valued at $825,546. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

NASDAQ:AAPL opened at $315.32 on Monday. Apple Inc. has a 52 week low of $201.50 and a 52 week high of $317.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The firm's 50-day simple moving average is $299.55 and its 200 day simple moving average is $275.29. The firm has a market cap of $4.63 trillion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 2.74 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. This is an increase from Apple's previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple's dividend payout ratio is presently 13.06%.

Apple 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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