Modern Wealth Management LLC Has $117.33 Million Stock Position in Apple Inc. $AAPL

Key Points

• Modern Wealth Management LLC boosted its Apple stake by 16.2% in Q3 to 460,772 shares worth about $117.33 million, making AAPL roughly 2.3% of the firm's portfolio and its fourth-largest holding.
• Apple beat expectations for the latest quarter with $2.84 EPS vs. $2.67 expected and revenue of $143.76 billion (up 15.7% YoY versus a $138.25 billion consensus), reflecting stronger-than-expected fundamentals.
• Apple trades with a market cap of about $3.75 trillion and a P/E of 32.33; analysts' consensus is a "Moderate Buy" with an average price target near $297.58, though concerns remain about China shipment weakness and premium valuation.

Modern Wealth Management LLC increased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 16.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 460,772 shares of the iPhone maker's stock after buying an additional 64,371 shares during the quarter. Apple accounts for approximately 2.3% of Modern Wealth Management LLC's portfolio, making the stock its 4th largest holding. Modern Wealth Management LLC's holdings in Apple were worth $117,326,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Apple by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker's stock worth $290,506,933,000 after purchasing an additional 15,141,995 shares during the last quarter. State Street Corp lifted its stake in Apple by 0.9% in the second quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock valued at $123,358,461,000 after purchasing an additional 5,224,229 shares during the last quarter. Geode Capital Management LLC lifted its stake in Apple by 1.4% in the second quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock valued at $72,506,336,000 after purchasing an additional 4,942,638 shares during the last quarter. Norges Bank bought a new position in Apple during the second quarter valued at $38,942,255,000. Finally, Northern Trust Corp grew its holdings in Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Down 1.9%

AAPL stock opened at $255.76 on Friday. The stock has a 50-day simple moving average of $262.49 and a two-hundred day simple moving average of $261.14. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $288.62. The firm has a market capitalization of $3.75 trillion, a PE ratio of 32.33, a PEG ratio of 2.33 and a beta of 1.10. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The firm had revenue of $143.76 billion for the quarter, compared to the consensus estimate of $138.25 billion. During the same period in the prior year, the firm posted $2.40 earnings per share. The company's revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple's dividend payout ratio (DPR) is presently 13.15%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AAPL. Raymond James Financial restated a "market perform" rating on shares of Apple in a research note on Friday, January 2nd. Stephens set a $315.00 price objective on Apple in a report on Monday, January 26th. Morgan Stanley restated an "overweight" rating and issued a $315.00 price objective (up from $305.00) on shares of Apple in a research note on Wednesday, December 17th. Phillip Securities raised shares of Apple from a "moderate sell" rating to a "hold" rating in a report on Sunday, February 1st. Finally, Scotiabank set a $330.00 target price on shares of Apple in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus price target of $297.58.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: MacBook Neo launch — Apple unveiled the $599 MacBook Neo aimed at education and budget buyers; reviewers (including MKBHD) praise it as highly disruptive, which could expand unit volumes and market share. Article Title
• Positive Sentiment: Analysts expect meaningful initial units — Some research notes forecast 4–5 million MacBook Neo shipments this year, suggesting upside to Mac revenue if adoption meets expectations. Article Title
• Positive Sentiment: India manufacturing incentives — New Indian incentives to boost local phone production support Apple’s ongoing shift of iPhone assembly to India, reducing China concentration risk and potentially lowering tariff exposure. Article Title
• Neutral Sentiment: Buyback and cash flow support — Coverage highlights a large share‑repurchase (reported $24B) and strong free cash flow that help support the stock through market volatility, but these are longer‑term cushions rather than immediate catalysts. Article Title
• Neutral Sentiment: Short‑interest data appears noisy — Reports show a large "increase" in short interest but the underlying data is zero/NaN, indicating a likely reporting glitch rather than a substantive change in bearish positioning.
• Negative Sentiment: China shipment weakness — UBS reiterated a Hold citing sharp declines in iPhone shipments in China, a direct hit to growth expectations for Apple’s largest hardware category. Article Title
• Negative Sentiment: Supplier cost pressure — Samsung Display’s CEO warned that higher oil and chip prices (and related supply‑cost inflation) could increase component costs for phones and laptops, pressuring margins industrywide. Article Title
• Negative Sentiment: Valuation and "no catalyst" views — Coverage notes AAPL trades at a premium P/E versus peers and some analysts say there's no near‑term catalyst to justify further multiple expansion, leaving the stock vulnerable to broader market weakness. Article Title

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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