Gunpowder Capital Management LLC dba Oliver Wealth Management Takes $10.99 Million Position in Apple Inc. $AAPL

Key Points

• Gunpowder Capital Management disclosed a new position in Apple, buying 40,410 shares valued at about $10.99 million in the fourth quarter. Apple now makes up 8.6% of the firm’s portfolio and is its second-largest holding.
• Apple’s latest quarterly results beat expectations, with EPS of $2.01 and revenue of $111.18 billion, both above analyst estimates. Revenue rose 16.6% year over year, and analysts are projecting continued earnings growth this fiscal year.
• The article also flags mixed sentiment around Apple: some analysts remain bullish on its AI and enterprise expansion, but others warn that rising chip costs could force price increases and squeeze margins, while KGI Securities downgraded the stock to Neutral after its recent rally.

Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,410 shares of the iPhone maker's stock, valued at approximately $10,986,000. Apple accounts for 8.6% of Gunpowder Capital Management LLC dba Oliver Wealth Management's investment portfolio, making the stock its 2nd largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Reyes Financial Architecture Inc. lifted its stake in Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock worth $2,520,000 after acquiring an additional 37 shares during the period. WESPAC Advisors LLC increased its position in Apple by 0.3% during the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock valued at $3,351,000 after purchasing an additional 39 shares during the period. Interactive Financial Advisors Inc. increased its position in Apple by 4.0% during the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after purchasing an additional 40 shares during the period. Orion Investment Co raised its holdings in shares of Apple by 0.3% in the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker's stock valued at $3,902,000 after purchasing an additional 41 shares in the last quarter. Finally, Seven Springs Wealth Group LLC raised its holdings in shares of Apple by 0.3% in the 3rd quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker's stock valued at $3,934,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America said Apple’s WWDC 2026 AI announcements were a “material positive reset,” citing a more capable Siri that can understand context, screen content, and execute actions across apps and devices. Apple's WWDC 2026 AI strategy reset viewed positively by Bank of America
• Positive Sentiment: Analysts continue to point to Apple’s expanding enterprise footprint, AI push, and business tools as drivers that could support device shipments and sustained sales growth. Apple's Expanding Enterprise Footprint to Boost Sales: What's Ahead?
• Neutral Sentiment: Apple’s rumored chip partnership with Intel is being framed as a long-term domestic manufacturing catalyst, but it remains unconfirmed and more relevant to Intel’s rally than to Apple’s near-term fundamentals. Intel’s Surge on an Apple Chip Deal Means Investors Are Betting on Its Foundry
• Neutral Sentiment: A recent congressional trading report noted activity in several Magnificent Seven names, including Apple, but the disclosure did not indicate a company-specific operational change. New Congressman Is Selling Stocks: Here's The Six Magnificent Seven Names He Ditched
• Negative Sentiment: Tim Cook warned that Apple can no longer fully absorb rising memory chip costs, making product price hikes increasingly likely and raising margin concerns for investors. Tim Cook Warns Apple Product Price Hikes Are Unavoidable Due to Higher Chip Costs. What That Means for AAPL Stock.
• Negative Sentiment: KGI Securities downgraded Apple to Neutral, saying the stock’s recent rally leaves limited upside from current levels. Apple stock hit with major Wall Street downgrade

Analyst Ratings Changes

AAPL has been the topic of a number of recent research reports. Evercore reiterated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. Needham & Company LLC restated a "hold" rating on shares of Apple in a report on Tuesday, June 9th. BNP Paribas Exane raised 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. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a report on Monday, March 2nd. Finally, Wedbush reissued an "outperform" rating and issued a $400.00 price target on shares of Apple in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $314.85.

Apple Price Performance

Shares of AAPL opened at $297.01 on Tuesday. The company has a 50 day moving average of $290.46 and a two-hundred day moving average of $272.98. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Apple Inc. has a twelve month low of $198.96 and a twelve month high of $317.40. The company has a market cap of $4.36 trillion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 2.59 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 (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 business had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the prior year, the firm posted $1.65 earnings per share. The business's quarterly revenue was up 16.6% on a year-over-year basis. As a group, analysts predict 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. Investors of record on Monday, May 11th were paid a dividend of $0.27 per share. This is a positive change from Apple's previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio (DPR) is presently 13.06%.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the firm's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This trade represents a 1.94% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. The trade was a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 97,875 shares of company stock valued at $24,998,541. 0.06% of the stock is currently owned by corporate insiders.

About Apple

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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