EJMK Ventures LLC Purchases Shares of 25,142 Apple Inc. $AAPL

Key Points

• EJMK Ventures LLC initiated a new position in Apple during the fourth quarter, buying 25,142 shares valued at about $6.8 million. Apple is now the firm’s 3rd-largest holding, representing about 4.2% of its portfolio.
• Institutional ownership remains heavy, with hedge funds and other institutions holding about 67.73% of Apple’s shares. The article also notes multiple other funds added to or started positions in AAPL.
• Analysts remain broadly constructive: Apple’s consensus rating is “Moderate Buy” with an average price target of $314.59. Recent commentary highlighted Apple’s pricing power, supply-chain strength, and AI-related product pipeline as potential positives.

EJMK Ventures LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,142 shares of the iPhone maker's stock, valued at approximately $6,835,000. Apple comprises about 4.2% of EJMK Ventures LLC's holdings, making the stock its 3rd biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of AAPL. Isthmus Partners LLC increased its holdings 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 period. ROSS JOHNSON & Associates LLC lifted its stake in shares of 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 period. LSV Asset Management bought a new stake in shares of Apple in the fourth quarter valued at about $65,000. Timmons Wealth Management LLC acquired a new stake in Apple during the fourth quarter worth about $69,000. Finally, Inspire Investing LLC acquired a new stake in Apple during the fourth quarter worth about $76,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Robert W. Baird set a $310.00 price target on Apple in a report on Friday, May 1st. Oppenheimer reissued a "market perform" rating on shares of Apple in a report on Tuesday, June 9th. The Goldman Sachs Group restated a "buy" rating on shares of Apple in a research report on Monday, March 2nd. TD Cowen upped their target price on Apple from $335.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $276.00 target price on shares of Apple in a research 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 MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average price target of $314.59.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned price increases could protect margins as memory and storage costs rise, and Bank of America reiterated a Buy rating with a $380 target, citing Apple’s pricing power and supply-chain strength. Article Title
• Positive Sentiment: Reports of upcoming AI-focused devices and a second-generation iPhone Air support confidence in Apple’s product pipeline and longer-term growth story. Article Title
• Neutral Sentiment: Apple’s planned price hikes may help earnings, but they could also pressure demand if consumers balk at higher handset prices. Article Title
• Neutral Sentiment: Apple opening Brazil’s App Store to alternative marketplaces reduces regulatory friction there, but it also underscores ongoing global platform scrutiny. Article Title

Apple Price Performance

NASDAQ AAPL opened at $298.01 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock's 50 day moving average is $289.73 and its two-hundred day moving average is $272.91. The company has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.59 and a beta of 1.09. Apple Inc. has a 1-year low of $196.85 and a 1-year high of $317.40.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.Apple's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 EPS. Equities analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Apple's previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple's dividend payout ratio (DPR) is currently 13.06%.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the business's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the sale, the insider owned 38,713 shares in the company, valued at $11,226,770. This represents a 3.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 97,875 shares of company stock valued at $24,998,541. 0.06% of the stock is owned by insiders.

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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