E6 Portfolios LLC Makes New Investment in Apple Inc. $AAPL

Key Points

• E6 Portfolios LLC opened a new position in Apple during the fourth quarter, buying 7,019 shares valued at about $1.91 million. Apple now represents roughly 2.2% of the firm’s portfolio and is its 11th-largest holding.
• Apple’s latest quarterly results topped expectations, with EPS of $2.01 versus the $1.95 forecast and revenue of $111.18 billion, up 16.6% year over year. Analysts expect the company to generate 8.75 EPS for the current fiscal year.
• The company also raised its quarterly dividend to $0.27 per share from $0.26, while Wall Street’s overall view remains Moderate Buy with a consensus target price of $314.59.

E6 Portfolios LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,019 shares of the iPhone maker's stock, valued at approximately $1,908,000. Apple makes up approximately 2.2% of E6 Portfolios LLC's portfolio, making the stock its 11th biggest holding.

Other large investors also recently modified their holdings of the company. Reyes Financial Architecture Inc. grew its holdings in shares of Apple by 0.4% during the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock worth $2,520,000 after buying an additional 37 shares in the last quarter. WESPAC Advisors LLC grew its holdings in shares of Apple by 0.3% during the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock worth $3,351,000 after buying an additional 39 shares in the last quarter. Interactive Financial Advisors Inc. grew its holdings in shares of Apple by 4.0% during the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after buying an additional 40 shares in the last quarter. American Alpha Advisors LLC grew its holdings in shares of Apple by 3.7% during the third quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker's stock worth $293,000 after buying an additional 41 shares in the last quarter. Finally, Orion Investment Co grew its holdings in shares of Apple by 0.3% during the fourth quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker's stock worth $3,902,000 after buying an additional 41 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

AAPL stock opened at $291.13 on Monday. 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 business has a 50 day moving average price of $285.64 and a two-hundred day moving average price of $272.25. The company has a market cap of $4.28 trillion, a price-to-earnings ratio of 35.20, a P/E/G ratio of 2.53 and a beta of 1.09. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $317.40.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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 firm had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business's revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $1.65 earnings per share. Analysts anticipate that Apple Inc. will post 8.75 EPS 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 dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. This is an increase from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio is presently 13.06%.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total value of $7,661,010.70. Following the transaction, the senior vice president owned 136,810 shares of the company's stock, valued at $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is owned by insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Services business posted record revenue in the fiscal second quarter, supported by ecosystem growth, AI-related updates, and its huge installed device base. Apple Continues to Expand Services Business: What's the Path Ahead?
• Positive Sentiment: Several commentators said Apple still has strong fundamentals, including a solid balance sheet, loyal customer base, and products investors continue to love, which supports the long-term bull case. Jim Cramer on Apple: “It Still Has Products We All Love”
• Positive Sentiment: Analysts at Erste Group Bank raised their earnings estimates for Apple, signaling expectations for steady profit growth over the next two fiscal years. Apple earnings estimate update
• Neutral Sentiment: Apple’s WWDC announcements showed a clearer AI roadmap, including next-generation Siri features and device software updates, but the market appears to be waiting for stronger evidence that these changes will drive meaningful revenue growth. Apple Unveils Siri AI. Here's Why It's Not Impressing Investors
• Neutral Sentiment: Some coverage suggested Apple’s AI launch could help the stock over time, but it may take more than Siri upgrades alone to restore investor enthusiasm. Apple Just Gave Investors a Glimpse of Is AI Future at WWDC. It May Take More to Revive AAPL Stock.
• Negative Sentiment: Investors are worried Apple’s AI ambitions are colliding with a memory-cost crunch, creating pricing pressure that could weigh on margins. Apple Faces a No-Win Pricing Dilemma. Should Investors Be Worried?
• Negative Sentiment: Multiple reports say the market was disappointed that Apple’s Siri AI reveal did not feel like a big enough breakthrough to justify a sharper rerating of the stock. Apple's AI News Underwhelms. Siri AI Release Concerns Persist.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AAPL. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a report on Monday, March 2nd. Barclays reiterated an "underweight" rating on shares of Apple in a report on Tuesday, June 9th. Robert W. Baird set a $310.00 price objective on Apple in a report on Friday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a report on Tuesday, June 9th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Apple in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $314.59.

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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