DMKC Advisory Services LLC Raises Holdings in Apple Inc. $AAPL

Key Points

• DMKC Advisory Services LLC boosted its Apple stake by 86.6% in the fourth quarter, ending with 3,792 shares valued at about $1.03 million.
• Several other institutional investors also increased their Apple holdings, and hedge funds and institutions now own 67.73% of the company’s stock.
• Apple reported quarterly results that beat expectations, with EPS of $2.01 and revenue of $111.18 billion, while analysts maintain a Moderate Buy consensus and average price target of $310.31.

DMKC Advisory Services LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 86.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,792 shares of the iPhone maker's stock after purchasing an additional 1,760 shares during the period. DMKC Advisory Services LLC's holdings in Apple were worth $1,031,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Overbrook Management Corp boosted its holdings in shares of Apple by 57.4% in the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock worth $28,449,000 after buying an additional 38,174 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of Apple by 48.4% in 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 buying an additional 465,393 shares during the last quarter. Tufton Capital Management boosted its holdings in shares of Apple by 4.3% in the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after buying an additional 4,157 shares during the last quarter. Torren Management LLC purchased a new position in shares of Apple in the fourth quarter worth approximately $1,178,000. Finally, KBC Group NV boosted its holdings in shares of Apple by 3.1% in the fourth quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock worth $1,915,172,000 after buying an additional 214,215 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 64,949 shares of the company's stock in a transaction 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 sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at $833,980,668.14. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 company's stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 97,759 shares of company stock worth $24,964,305 in the last ninety days. Company insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $312.06 on Friday. 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 has a fifty day moving average price of $275.43 and a 200 day moving average price of $270.06. Apple Inc. has a fifty-two week low of $195.07 and a fifty-two week high of $315.00. The firm has a market cap of $4.58 trillion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 2.72 and a beta of 1.06.

Apple (NASDAQ:AAPL - Get Free Report) last posted its 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. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. As a group, sell-side analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

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

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s upcoming WWDC is expected to showcase a major Siri AI overhaul and broader iOS AI upgrades, reinforcing expectations for a stronger AI product cycle. Apple to Unveil Siri’s AI Overhaul at June Conference
• Positive Sentiment: Analysts are increasingly bullish that Apple’s ecosystem could benefit from agentic AI, with Bank of America reportedly lifting its price target and pointing to user identity, payments, and app access as key advantages. Bank of America Raises Its Apple Stock Price Target to $380. Agentic AI Could Be the Upside Driver.
• Positive Sentiment: Multiple pieces highlight Apple as a momentum stock and suggest Apple Intelligence could drive iPhone and Mac upgrades, which supports the case for further revenue growth. Apple Intelligence Drives Up iPhone & Mac Sales: More Upside Ahead?
• Neutral Sentiment: Leak-driven coverage around the iPhone 18 Pro’s rumored colors and camera changes is generating buzz, but it is too early to be a major fundamental stock driver. iPhone 18 Pro dummy units reveal four color options [Gallery] - 9to5Mac
• Negative Sentiment: Some technical commentary warns Apple is approaching long-term resistance and may need a consolidation period after a strong run, which could limit near-term upside. Apple (AAPL) Faces $355 Barrier at Top of Its Multi-Year Uptrend Structure

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAPL. BNP Paribas Exane upgraded Apple from a "neutral" rating to an "outperform" rating and set a $300.00 target price on the stock in a research report on Friday, April 17th. Maxim Group raised shares of Apple from a "hold" rating to a "buy" rating and set a $300.00 price target on the stock in a report on Friday, January 30th. Royal Bank Of Canada set a $325.00 price target on shares of Apple in a report on Monday, February 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Friday, May 1st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a report on Wednesday, March 4th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $310.31.

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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