Madison Asset Management LLC Grows Position in Apple Inc. $AAPL

Key Points

• Madison Asset Management increased its Apple position by 2.8% in the first quarter, bringing its holdings to 201,086 shares valued at approximately $51.0 million. Institutional investors and hedge funds collectively own 67.73% of Apple’s stock.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst estimates; revenue rose 16.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $330.44.
• Despite strong results, investors face concerns including slower Services growth, higher memory costs, policy risks, premium valuation and uncertainty surrounding the CEO transition. Apple declared a quarterly dividend of $0.27 per share, implying a 0.3% annual yield.

Madison Asset Management LLC grew its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,086 shares of the iPhone maker's stock after buying an additional 5,566 shares during the period. Madison Asset Management LLC's holdings in Apple were worth $51,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Resolute Advisors LLC raised its holdings in Apple by 339.4% in the 1st quarter. Resolute Advisors LLC now owns 7,751 shares of the iPhone maker's stock valued at $1,967,000 after acquiring an additional 5,987 shares during the last quarter. JMG Financial Group Ltd. grew its position in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after purchasing an additional 35 shares in the last quarter. MWA Asset Management increased its holdings in shares of Apple by 2.0% in the first quarter. MWA Asset Management now owns 27,598 shares of the iPhone maker's stock valued at $7,004,000 after purchasing an additional 552 shares during the last quarter. Alpha Zero LLC increased its holdings in shares of Apple by 9.2% in the first quarter. Alpha Zero LLC now owns 6,634 shares of the iPhone maker's stock valued at $1,684,000 after purchasing an additional 558 shares during the last quarter. Finally, Maimon Wealth Management LTD. lifted its position in Apple by 10.0% during the first quarter. Maimon Wealth Management LTD. now owns 10,177 shares of the iPhone maker's stock worth $2,510,000 after buying an additional 921 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: App Store revenue rose 0.6% year over year to $3.4 billion during the first 35 days of Apple’s fiscal fourth quarter, despite a 4% decline in iPhone and iPad downloads. Revenue per download increased 4.7% to $1.02, suggesting stronger monetization and supporting the Services business. Apple App Store revenue ticks up despite falling downloads
• Positive Sentiment: Apple’s fiscal third-quarter revenue reached a June-quarter record of $109.4 billion, up 16% year over year, while earnings exceeded estimates. Reports also point to broad iPhone, Mac and Services demand, resilient iPhone sales and continued growth in India, providing a fundamental counterweight to recent market concerns. Apple’s Quarterly iPhone Sales Were Even Better Than They Seem
• Positive Sentiment: Some analysts and market commentators continue to recommend buying the pullback, arguing that Apple’s ecosystem, product pipeline and long-term earnings potential remain attractive despite near-term volatility. 3 Reasons to Buy Apple Stock on the Dip
• Neutral Sentiment: OpenAI asked a federal judge to dismiss Apple’s trade-secrets lawsuit, denying that it misappropriated confidential information through former Apple employees. The filing creates legal and reputational uncertainty, although the financial impact is not yet clear. OpenAI asks US judge to dismiss Apple’s trade secrets case
• Negative Sentiment: Analysts at Phillip Securities, DZ Bank and China Renaissance lowered their views on Apple to Moderate Sell or Hold. Concerns include slowing Services growth, elevated memory costs, supply constraints, policy risks and Apple’s premium valuation.
• Negative Sentiment: Services revenue grew about 12% to $30.7 billion, making it the slowest-growing of Apple’s three largest businesses. Tim Cook also warned that rising memory prices could pressure margins, while the CEO transition adds uncertainty after a record quarter. Tim Cook’s Last Quarter as CEO

Insider Buying and Selling

In other news, insider Ben Borders sold 116 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AAPL shares. Royal Bank Of Canada set a $365.00 target price on Apple in a report on Wednesday, July 15th. KeyCorp reissued an "underweight" rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, July 28th. BNP Paribas Exane raised shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 target price on the stock in a research note on Friday, April 17th. Maxim Group reiterated a "buy" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. Finally, Evercore restated an "outperform" rating on shares of Apple in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $330.44.

Apple Price Performance

Shares of AAPL opened at $312.41 on Friday. Apple Inc. has a 1-year low of $216.58 and a 1-year high of $344.57. The stock has a market cap of $4.56 trillion, a PE ratio of 35.83, a P/E/G ratio of 2.67 and a beta of 1.09. The firm has a 50-day simple moving average of $309.43 and a two-hundred day simple moving average of $283.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 EPS. As a group, analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, August 10th. Apple's dividend payout ratio is 12.39%.

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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