Claris Financial LLC Buys Shares of 34,578 Apple Inc. $AAPL

Key Points

• Claris Financial LLC disclosed a new fourth-quarter stake in Apple, buying 34,578 shares worth about $9.4 million. Apple now represents 5.0% of the firm’s portfolio and is its third-largest holding.
• Apple continues to draw mixed but generally supportive Wall Street attention, with analysts citing strong pricing power, supply-chain strength, and resilience against AI-related memory shortages. Bank of America reiterated a Buy rating with a $380 target, while the broader consensus remains a Moderate Buy with a $314.59 target.
• The company reported better-than-expected quarterly results, including EPS of $2.01 on revenue of $111.18 billion, and raised its dividend to $0.27 per share. However, Apple is also facing potential headwinds from reported price increases and a new Italian regulatory probe into its cloud interoperability practices.

Claris Financial LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 34,578 shares of the iPhone maker's stock, valued at approximately $9,400,000. Apple makes up 5.0% of Claris Financial LLC's investment portfolio, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Overbrook Management Corp lifted its position in shares of Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock valued at $28,449,000 after acquiring an additional 38,174 shares during the last quarter. Tufton Capital Management lifted its stake in Apple by 4.3% in the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after acquiring an additional 4,157 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Apple during the fourth quarter worth approximately $1,178,000. Adventist Health System Sunbelt Healthcare Corp acquired a new stake in shares of Apple during the 4th quarter valued at $105,482,000. Finally, KBC Group NV boosted its position in Apple by 3.1% during the fourth quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock valued at $1,915,172,000 after purchasing an additional 214,215 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reiterated a Buy rating on Apple and kept a $380 price target, citing Apple’s pricing power, strong supply-chain position, and ability to manage rising memory costs. Article Title
• Positive Sentiment: President Trump said Apple will work with Intel to design and build chips in the U.S., raising hopes for a domestic supply-chain boost and stronger strategic positioning for Apple. Article Title
• Positive Sentiment: Analysts said Apple is relatively well positioned to weather the AI-driven memory shortage because of its scale, inventory, and supplier relationships, which may help protect hardware margins. Article Title
• Neutral Sentiment: Apple reportedly plans to raise prices across its product lineup, which could support margins but may also weigh on consumer demand if the increases are too large. Article Title
• Neutral Sentiment: Apple is also reportedly developing new AI wearables and a foldable iPhone for 2027, which supports the long-term product pipeline but is unlikely to affect near-term earnings. Article Title
• Negative Sentiment: Italy opened a Digital Markets Act probe into Apple’s cloud interoperability practices, adding another regulatory risk for the company in Europe. Article Title

Insider Buying and Selling at Apple

In other news, insider Ben Borders sold 1,274 shares of the business's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 64,949 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The shares were 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 97,875 shares of company stock valued at $24,998,541 in the last three months. Insiders own 0.06% of the company's stock.

Apple Stock Up 0.7%

Shares of NASDAQ AAPL opened at $298.01 on Friday. Apple Inc. has a 12-month low of $196.85 and a 12-month high of $317.40. 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's 50-day simple moving average is $288.95 and its 200 day simple moving average is $272.80. The company has a market cap of $4.38 trillion, a price-to-earnings ratio of 36.04, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during 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%. Apple's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 earnings per share. On average, research analysts expect that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.27 dividend. This is a boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple's payout ratio is 13.06%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AAPL. UBS Group reiterated a "buy" rating on shares of Apple in a research note on Tuesday, June 9th. Oppenheimer restated a "market perform" rating on shares of Apple in a research note on Tuesday, June 9th. DA Davidson reissued a "neutral" rating and issued a $270.00 price target on shares of Apple in a report on Friday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Moffett Nathanson raised their price objective on shares of Apple from $241.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $314.59.

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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