Lexington Hill Partners LLC Invests $5.33 Million in Apple Inc. $AAPL

Key Points

• Lexington Hill Partners LLC opened a new position in Apple, buying 19,612 shares worth about $5.33 million. Apple now represents roughly 4% of the fund’s holdings and is its 7th-largest position.
• Apple continues to attract institutional interest, with several other hedge funds also adding shares; overall, institutions and hedge funds now own 67.73% of the stock. Meanwhile, Apple insiders have been selling, including CEO Tim Cook and CFO Kevan Parekh.
• Analysts remain broadly positive on Apple, with an average rating of “Moderate Buy” and an average price target of $314.59. Recent headlines also highlight supportive themes such as a Bank of America $380 target, possible U.S. chip manufacturing with Intel, and Apple’s ability to handle AI-related memory cost pressure.

Lexington Hill Partners LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 19,612 shares of the iPhone maker's stock, valued at approximately $5,332,000. Apple makes up approximately 4.0% of Lexington Hill Partners LLC's holdings, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. First Growth Capital LLC bought a new stake in Apple in the 4th quarter valued at approximately $2,180,000. Aznar Financial Advisors LLC bought a new position in shares of Apple during the 4th quarter worth approximately $1,148,000. Birchwood Financial Partners Inc. bought a new position in shares of Apple during the 4th quarter worth approximately $5,013,000. Jacobs Equity LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $1,432,000. Finally, Smith Asset Management Co. LLC raised its holdings in shares of Apple by 16.2% in the fourth quarter. Smith Asset Management Co. LLC now owns 11,538 shares of the iPhone maker's stock valued at $3,137,000 after purchasing an additional 1,607 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity

In other news, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. The trade was a 10.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 64,949 shares of the company's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 97,875 shares of company stock valued at $24,998,541 over the last quarter. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Tigress Financial restated a "strong-buy" rating and set a $375.00 target price (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Wells Fargo & Company reiterated an "overweight" rating and issued a $310.00 price target (up from $300.00) on shares of Apple in a research note on Friday, May 1st. UBS Group reissued a "buy" rating on shares of Apple in a research report on Tuesday, June 9th. KeyCorp restated a "sector weight" rating on shares of Apple in a research note on Tuesday, June 9th. Finally, Morgan Stanley set a $325.00 price objective on Apple in a report on Tuesday, June 9th. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $314.59.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reiterated a Buy rating on Apple and kept a $380 price target, citing Apple’s pricing power, strong supply-chain position, and ability to manage rising memory costs. Article Title
• Positive Sentiment: President Trump said Apple will work with Intel to design and build chips in the U.S., raising hopes for a domestic supply-chain boost and stronger strategic positioning for Apple. Article Title
• Positive Sentiment: Analysts said Apple is relatively well positioned to weather the AI-driven memory shortage because of its scale, inventory, and supplier relationships, which may help protect hardware margins. Article Title
• Neutral Sentiment: Apple reportedly plans to raise prices across its product lineup, which could support margins but may also weigh on consumer demand if the increases are too large. Article Title
• Neutral Sentiment: Apple is also reportedly developing new AI wearables and a foldable iPhone for 2027, which supports the long-term product pipeline but is unlikely to affect near-term earnings. Article Title
• Negative Sentiment: Italy opened a Digital Markets Act probe into Apple’s cloud interoperability practices, adding another regulatory risk for the company in Europe. Article Title

Apple Trading Up 0.7%

NASDAQ AAPL opened at $298.01 on Friday. Apple Inc. has a 12 month low of $196.85 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. The stock has a 50 day moving average of $288.95 and a 200-day moving average of $272.80. The company has a market cap of $4.38 trillion, a PE ratio of 36.04, a PEG ratio of 2.58 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. 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 previous year, the company earned $1.65 earnings per share. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a $0.27 dividend. 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 dividend on an annualized basis and a dividend yield of 0.4%. Apple's payout ratio is 13.06%.

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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