Hillsdale Investment Management Inc. Grows Position in Apple Inc. $AAPL

Key Points

• Hillsdale Investment Management increased its Apple position by 10.4% in the first quarter, adding 15,362 shares to hold 162,694 shares valued at approximately $41.3 million. Institutional investors collectively own 67.73% of Apple.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $327.40. Apple’s latest quarterly results also exceeded expectations, with $2.01 in EPS and $111.18 billion in revenue, up 16.6% year over year.
• Apple’s outlook is supported by strong iPhone demand, new device-leasing options and anticipated services growth, but investors face risks including CEO Tim Cook’s planned transition, potential U.K. App Store regulation and legal concerns over app-store oversight.

Hillsdale Investment Management Inc. raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 10.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,694 shares of the iPhone maker's stock after purchasing an additional 15,362 shares during the quarter. Apple accounts for approximately 1.1% of Hillsdale Investment Management Inc.'s holdings, making the stock its 19th biggest holding. Hillsdale Investment Management Inc.'s holdings in Apple were worth $41,290,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Lifetime Wealth Management P.C. bought a new position in Apple in the 4th quarter valued at $41,000. ROSS JOHNSON & Associates LLC grew its holdings 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 worth $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management purchased a new position in Apple in the 4th quarter worth about $65,000. Timmons Wealth Management LLC bought a new stake in Apple during the 4th quarter valued at about $69,000. Finally, Inspire Investing LLC purchased a new stake in Apple in the 4th quarter valued at about $76,000. Institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Monness Crespi & Hardt lifted their price target on shares of Apple from $315.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Morgan Stanley set a $364.00 target price on Apple and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Bank of America reissued a "buy" rating and set a $380.00 price target on shares of Apple in a research report on Thursday, June 18th. BNP Paribas Exane upgraded Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price objective for the company in a report on Friday, April 17th. Finally, Citigroup reiterated a "buy" rating and set a $365.00 target price (up from $315.00) on shares of Apple in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $327.40.

Apple Price Performance

Shares of AAPL stock opened at $338.19 on Thursday. The company has a market cap of $4.97 trillion, a P/E ratio of 40.89, a PEG ratio of 2.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The stock's 50-day moving average is $308.94 and its 200 day moving average is $280.73. Apple Inc. has a 1-year low of $201.50 and a 1-year high of $344.57.

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 analysts' consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company's revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS. Research analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone demand and steady pricing are expected to produce Apple’s strongest June-quarter revenue growth in five years. Analysts are also watching for contributions from Services, Mac, and iPhone 17 shipments. Apple set for strongest June-quarter sales growth in 5 years
• Positive Sentiment: Apple’s new Apple Upgrade program, powered by Klarna, lets U.S. customers lease iPhones, Macs, iPads, and Apple Watches through monthly payments. The initiative could lower upfront costs, increase upgrade frequency, and support device sales. Apple launches US device leasing program with Klarna
• Positive Sentiment: Erste Group modestly raised its fiscal 2027 EPS forecast to $9.57 from $9.56, above the current-year consensus estimate of $8.76, reinforcing the bullish long-term earnings outlook.
• Neutral Sentiment: Apple’s record valuation reflects investor confidence in its relatively disciplined AI spending and improving product demand, while money has rotated away from Nvidia and other high-spending chip stocks. However, options markets imply a comparatively contained post-earnings move, suggesting much of the optimism may already be priced in. Apple Could Swing $170 Billion In Value After Earnings
• Negative Sentiment: Apple faces a leadership transition, with Tim Cook preparing for his final earnings call as CEO and hardware chief John Ternus scheduled to succeed him. Investors will seek evidence that the incoming CEO can sustain growth beyond the iPhone.
• Negative Sentiment: Proposed U.K. App Store rules could loosen Apple’s control over in-app payments and reduce commission revenue; Apple argues the measures amount to price regulation. Apple says UK App Store proposal amounts to price regulation
• Negative Sentiment: A federal lawsuit alleges a fraudulent Bitcoin wallet app remained available in Apple’s App Store, raising potential legal costs and renewed concerns about app-review and platform liability.

Insider Transactions at Apple

In other news, insider Ben Borders sold 1,274 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company's stock.

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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