Koenig Investment Advisory LLC Takes Position in Apple Inc. $AAPL

Key Points

• Koenig Investment Advisory LLC opened a new position in Apple during the fourth quarter, buying 4,121 shares valued at about $1.125 million. Apple now represents roughly 0.9% of the firm’s portfolio and is its 17th-largest holding.
• Apple continues to attract broad institutional ownership, with hedge funds and other institutional investors owning about 67.73% of the stock. Several firms also slightly increased their stakes in recent quarters.
• The article highlights supportive fundamentals and sentiment around Apple, including a recent earnings beat, a small dividend increase, and analyst optimism tied to pricing power, supply-chain strength, and potential AI-focused products.

Koenig Investment Advisory LLC 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. The firm purchased 4,121 shares of the iPhone maker's stock, valued at approximately $1,125,000. Apple accounts for approximately 0.9% of Koenig Investment Advisory LLC's investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also recently bought and sold shares of AAPL. Reyes Financial Architecture Inc. raised 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 valued at $2,520,000 after acquiring an additional 37 shares during the period. WESPAC Advisors LLC boosted its stake in Apple by 0.3% in the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock worth $3,351,000 after purchasing an additional 39 shares during the period. Interactive Financial Advisors Inc. grew 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 worth $286,000 after purchasing an additional 40 shares in the last quarter. Orion Investment Co grew its position in Apple by 0.3% during the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker's stock worth $3,902,000 after purchasing an additional 41 shares in the last quarter. Finally, Seven Springs Wealth Group LLC raised its stake in Apple by 0.3% during 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 during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Trending Headlines about 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

Shares of AAPL opened at $298.01 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market cap of $4.38 trillion, a PE ratio of 36.04, a PEG ratio of 2.59 and a beta of 1.09. The firm's 50 day moving average price is $289.73 and its 200 day moving average price is $272.91. Apple Inc. has a twelve month low of $196.85 and a twelve month high of $317.40.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $109.46 billion. During the same quarter in the prior year, the business posted $1.65 EPS. Apple's quarterly revenue was up 16.6% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Increases Dividend

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

Insider Buying and Selling at Apple

In other Apple news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O'brien sold 30,002 shares of the business's stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at $34,934,433.50. This represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 97,875 shares of company stock valued at $24,998,541. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wedbush restated an "outperform" rating and issued a $400.00 target price on shares of Apple in a report on Friday, June 5th. DA Davidson reissued a "neutral" rating and set a $270.00 price target on shares of Apple in a research report on Friday, May 1st. BNP Paribas Exane raised Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price objective for the company in a research note on Friday, April 17th. Robert W. Baird set a $310.00 price objective on Apple in a research report on Friday, May 1st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus price target 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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