Foundations Investment Advisors LLC Has $113.74 Million Stake in Apple Inc. $AAPL

Key Points

• Foundations Investment Advisors LLC increased its Apple stake by 4.4% in the fourth quarter, buying 17,679 more shares and bringing its position to 418,362 shares worth about $113.7 million.
• Apple reported stronger-than-expected quarterly results, with EPS of $2.01 and revenue of $111.18 billion, both beating analyst estimates and rising sharply from a year earlier.
• The company also raised its quarterly dividend to $0.27 per share from $0.26, though the stock was still noted as down 3.6% amid investor concerns about its Siri AI rollout.

Foundations Investment Advisors LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 418,362 shares of the iPhone maker's stock after buying an additional 17,679 shares during the quarter. Apple comprises approximately 1.5% of Foundations Investment Advisors LLC's investment portfolio, making the stock its 12th biggest holding. Foundations Investment Advisors LLC's holdings in Apple were worth $113,736,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AAPL. Norges Bank acquired a new stake in shares of Apple during the 2nd quarter worth approximately $38,942,255,000. Nuveen LLC acquired a new stake in shares of Apple during the 1st quarter worth approximately $17,472,482,000. Laurel Wealth Advisors LLC grew its position 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 buying an additional 26,937,401 shares during the period. Vanguard Group Inc. grew its position in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after buying an additional 26,856,752 shares during the period. Finally, Northern Trust Corp grew its position in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after buying an additional 20,079,472 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity at Apple

In related news, insider Ben Borders sold 1,274 shares of the firm'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 sale, the insider directly owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Deirdre O'brien sold 30,002 shares of the firm's 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 sale, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 97,759 shares of company stock valued at $24,964,305. Insiders own 0.06% of the company's stock.

Apple Stock Down 3.6%

Apple stock opened at $290.55 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a fifty-two week low of $195.07 and a fifty-two week high of $317.40. The company's 50 day simple moving average is $283.19 and its 200 day simple moving average is $271.79. The firm has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 35.13, a PEG ratio of 2.63 and a beta of 1.09.

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

Apple Increases Dividend

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

Apple News Summary

Here are the key news stories impacting Apple this week:

• Negative Sentiment: Investors were disappointed that Siri’s AI overhaul still appears behind rivals, with launch timing stretching into later this year and some features limited to the U.S. at first. Apple shares slide after big Siri AI reveal
• Negative Sentiment: Analysts warned that Apple is relying on Google Gemini/Nvidia infrastructure for parts of its advanced AI stack, raising questions about how much of the AI value capture Apple keeps in-house. Apple failed to make its AI tool to comply to EU regulations, EU Commission says
• Negative Sentiment: Morgan Stanley said the new Siri features may be held back by older iPhones, limiting the near-term upgrade cycle and the addressable installed base. Apple's AI Siri will be held back by aging devices, Morgan Stanley says

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent analyst reports. Barclays reissued an "underweight" rating on shares of Apple in a research note on Tuesday. Tigress Financial reissued a "strong-buy" rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. DA Davidson reissued a "neutral" rating and set a $270.00 price objective on shares of Apple in a research note on Friday, May 1st. Wells Fargo & Company reissued an "overweight" rating and set a $310.00 price objective (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $330.00 price objective on shares of Apple in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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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