L2 Asset Management LLC Increases Holdings in Apple Inc. $AAPL

Key Points

• L2 Asset Management increased its Apple stake by 12.7% in the fourth quarter, adding 8,770 shares to bring its total to 77,859 shares worth about $21.17 million. Apple is now the firm’s third-largest position and makes up roughly 2.8% of its portfolio.
• Apple reported strong quarterly results, with EPS of $2.01 beating estimates and revenue of $111.18 billion topping expectations. Revenue rose 16.6% year over year, and analysts now expect full-year EPS of 8.75.
• The company also raised its quarterly dividend to $0.27 per share from $0.26, while insiders were active sellers during the quarter. CEO Tim Cook and SVP Deirdre O’Brien sold shares under pre-arranged trading plans, with total insider sales of 97,759 shares worth about $24.96 million.

L2 Asset Management LLC increased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,859 shares of the iPhone maker's stock after purchasing an additional 8,770 shares during the quarter. Apple makes up approximately 2.8% of L2 Asset Management LLC's investment portfolio, making the stock its 3rd biggest position. L2 Asset Management LLC's holdings in Apple were worth $21,167,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Sellwood Investment Partners LLC raised its stake in shares of Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock worth $34,000 after buying an additional 71 shares during the period. ROSS JOHNSON & Associates LLC raised 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 worth $42,000 after buying an additional 180 shares during the period. Timmons Wealth Management LLC bought a new position in shares of Apple in the fourth quarter worth about $69,000. LSV Asset Management bought a new position in shares of Apple in the fourth quarter worth about $65,000. Finally, PayPay Securities Corp raised its stake in shares of Apple by 52.1% in the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock worth $99,000 after buying an additional 125 shares during the period. 67.73% of the stock is owned by institutional investors.

Apple Stock Up 1.0%

Shares of AAPL opened at $299.24 on Wednesday. The business's 50 day moving average is $287.32 and its 200 day moving average is $272.54. The company has a market capitalization of $4.40 trillion, a PE ratio of 36.18, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. Apple Inc. has a 12-month low of $195.07 and a 12-month high of $317.40. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.

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, beating the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $1.65 EPS. Research analysts expect 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 boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio is 13.06%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction that occurred on 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 sale, the senior vice president owned 136,810 shares of the company's stock, valued at $34,934,433.50. The trade was a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction that occurred on 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 directly owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 97,759 shares of company stock worth $24,964,305 over the last quarter. Company insiders own 0.06% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly preparing a major 2027 product push featuring camera-equipped AirPods, AI sunglasses, a foldable iPhone, and a 20th-anniversary iPhone, which could reignite hardware growth. Apple (AAPL) Plans Camera AirPods and a Foldable iPhone for 2027 in Major Product Push
• Positive Sentiment: Wall Street remains upbeat after WWDC, with TD Cowen and Maxim reiterating bullish views and raising the price target, arguing Apple’s AI rollout is still in the early stages. Qualcomm Is Eyeing a Massive AI Pivot. Why Wall Street Is Still Cautious.
• Positive Sentiment: Investors are also encouraged by commentary that AI could strengthen Apple’s long-term bull case, since the company controls the device, operating system, and ecosystem where AI features will be delivered. AI Strengthens Apple (AAPL) Stock’s Bull Case
• Neutral Sentiment: Apple’s supplier Tata Electronics said India’s pollution board dropped scrutiny of its iPhone parts plant after contamination concerns were addressed, removing a near-term operational distraction. Tata says India pollution board drops scrutiny of Apple iPhone parts plant
• Neutral Sentiment: Apple is also facing a new Italy antitrust probe over cloud interoperability under the Digital Markets Act, which adds regulatory noise but is not yet a quantified financial hit. Italy's antitrust regulator probes Apple over cloud services under Digital Market rules
• Negative Sentiment: Some reports say Apple was not fully able to meet investor expectations on AI at WWDC, and skepticism around near-term execution is weighing on sentiment. Here’s Why Apple Inc (AAPL) Is Falling Despite AI Advancements at WWDC 2026
• Negative Sentiment: Apple is reportedly planning changes to its Hide My Email privacy feature, which could make anonymous sign-ups easier to block and may be viewed as a privacy tradeoff. Apple plans to change its Hide My Email privacy feature that could make it less effective

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. Wedbush reaffirmed an "outperform" rating and issued a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. Monness Crespi & Hardt raised their price objective on Apple from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research note on Tuesday, June 9th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus target price 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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