Momentum Wealth Planning LLC Has $4.47 Million Stake in Apple Inc. $AAPL

Key Points

• Momentum Wealth Planning LLC sharply increased its Apple stake by 504.7% in the fourth quarter, ending with 16,443 shares worth about $4.47 million. Apple now makes up roughly 3.5% of the firm’s portfolio.
• Apple reported better-than-expected quarterly results, posting EPS of $2.01 versus estimates of $1.95 and revenue of $111.18 billion, up 16.6% from a year earlier. Analysts now expect the company to deliver 8.74 EPS for the current year.
• The company also raised its quarterly dividend to $0.27 per share from $0.26, while shares traded near record highs around $298.97. Despite some insider selling and mixed analyst opinions, the stock still carries a Moderate Buy consensus target of $308.74.

Momentum Wealth Planning LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 504.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,443 shares of the iPhone maker's stock after purchasing an additional 13,724 shares during the period. Apple comprises approximately 3.5% of Momentum Wealth Planning LLC's investment portfolio, making the stock its 8th biggest position. Momentum Wealth Planning LLC's holdings in Apple were worth $4,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Sellwood Investment Partners LLC increased its holdings in shares of Apple by 110.9% during 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 in the last quarter. ROSS JOHNSON & Associates LLC increased its holdings in shares of Apple by 1,800.0% during 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 in the last quarter. LSV Asset Management acquired a new position in shares of Apple during the fourth quarter worth $65,000. PayPay Securities Corp increased its holdings in shares of Apple by 52.1% during 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 in the last quarter. Finally, eCIO Inc. acquired a new position in shares of Apple during the fourth quarter worth $112,000. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

Shares of Apple stock opened at $298.97 on Wednesday. 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 business has a 50-day moving average price of $266.95 and a two-hundred day moving average price of $267.88. Apple Inc. has a 1-year low of $193.46 and a 1-year high of $303.20. The company has a market cap of $4.39 trillion, a P/E ratio of 36.15, a PEG ratio of 2.59 and a beta of 1.06.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly 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 return on equity of 146.69% and a net margin of 27.15%.The firm had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. During the same period last year, the business posted $1.65 EPS. The business's revenue was up 16.6% compared to the same quarter last year. As a group, analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

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

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is rolling out new Apple Intelligence features, including AI-powered accessibility tools and planned iOS 27 upgrades such as smarter writing help, Shortcuts improvements, and wallpaper features, reinforcing the view that AI can drive the next phase of growth. Apple announces Apple Intelligence powered accessibility feature updates
• Positive Sentiment: Multiple recent articles highlight Apple’s Services business as a major profit engine, suggesting investors are starting to value Apple less as just an iPhone maker and more as a higher-margin platform company. AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth
• Positive Sentiment: Apple remains near record levels, with commentary pointing to strong iPhone and Services performance and analyst targets well above current trading ranges, which supports the bullish valuation narrative. Apple Trades Close to 52-Week High: Buy, Sell or Hold the Stock?
• Positive Sentiment: Institutional investors continue to add Apple exposure, including a new near-$1 billion stake from Viking Global, signaling ongoing big-money confidence in AAPL. Viking Global Opens Fresh Apple Stake Worth Nearly $1 Billion As Big Tech Trade Roars Back
• Neutral Sentiment: Apple’s return of Fortnite to the App Store removes one high-profile friction point, but it also keeps attention on Apple’s App Store control and ongoing platform disputes. Fortnite Returns to the App Store Amid Clashes With Apple
• Negative Sentiment: An Indian court ordered Apple to fully cooperate in an App Store antitrust probe, adding to regulatory risk around Apple’s platform practices and potential penalties. Indian court tells Apple to 'cooperate' in antitrust case
• Negative Sentiment: Samsung and Google unveiled AI smart glasses to challenge Meta and Apple, underscoring intensifying competition in next-generation consumer AI hardware. Samsung and Google Announce AI Smart Glasses to Challenge Meta and Apple
• Negative Sentiment: Reuters reported that Apple’s global Formula 1 streaming ambitions may take time to expand beyond the U.S. because of differing international media-rights cycles, limiting the near-term boost from that deal. After U.S. deal, Apple's global F1 push may take time

Analyst Ratings Changes

Several brokerages have recently issued reports on AAPL. Barclays reiterated an "underweight" rating and set a $253.00 price target (up from $248.00) on shares of Apple in a report on Friday, May 1st. BNP Paribas Exane upgraded shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target for the company in a report on Friday, April 17th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Wednesday, March 4th. Wells Fargo & Company restated an "overweight" rating and issued a $310.00 price objective (up from $300.00) on shares of Apple in a report on Friday, May 1st. Finally, Tigress Financial restated a "strong-buy" rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $308.74.

Insiders Place Their Bets

In other Apple news, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is currently owned by insiders.

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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