Monograph Wealth Advisors LLC Increases Position in Apple Inc. $AAPL

Key Points

• Monograph Wealth Advisors increased its Apple position by 15.6% in the first quarter, purchasing 16,640 additional shares to hold 123,385 shares valued at approximately $31.3 million. Apple now represents 3.0% of the firm’s portfolio, while institutional investors collectively own 67.73% of the stock.
• Apple reported better-than-expected quarterly results, with earnings of $2.02 per share and revenue of $109.42 billion, up 16.4% year over year. Shares opened at $313.33, up 0.3%, with a market capitalization of roughly $4.57 trillion.
• Analyst sentiment remains moderately bullish: Apple has an average “Moderate Buy” rating and a consensus price target of $330.44, although some analysts cited valuation, rising costs and slower Services growth as risks. The company also declared a quarterly dividend of $0.27 per share, yielding 0.3%.

Monograph Wealth Advisors LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 123,385 shares of the iPhone maker's stock after purchasing an additional 16,640 shares during the quarter. Apple accounts for 3.0% of Monograph Wealth Advisors LLC's portfolio, making the stock its 9th largest position. Monograph Wealth Advisors LLC's holdings in Apple were worth $31,314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Wyoming boosted its stake in Apple by 152.6% during the first quarter. State of Wyoming now owns 65,912 shares of the iPhone maker's stock valued at $16,728,000 after buying an additional 39,818 shares in the last quarter. Envision Financial Transparency LLC acquired a new stake in Apple in the 1st quarter valued at about $1,167,000. Lavaca Capital LLC boosted its position in shares of Apple by 8.8% during the 1st quarter. Lavaca Capital LLC now owns 48,125 shares of the iPhone maker's stock valued at $12,214,000 after purchasing an additional 3,875 shares in the last quarter. Levin Capital Strategies L.P. grew its stake in shares of Apple by 7.2% in the 1st quarter. Levin Capital Strategies L.P. now owns 93,973 shares of the iPhone maker's stock worth $23,850,000 after purchasing an additional 6,304 shares during the last quarter. Finally, AR Asset Management Inc. grew its stake in shares of Apple by 7.9% in the 1st quarter. AR Asset Management Inc. now owns 268,802 shares of the iPhone maker's stock worth $68,219,000 after purchasing an additional 19,649 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook's Last Quarter as CEO Was Apple's Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple's Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple's Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

Apple Trading Up 0.3%

Shares of NASDAQ AAPL opened at $313.33 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a one year low of $219.25 and a one year high of $344.57. The business has a 50-day moving average price of $309.45 and a two-hundred day moving average price of $283.23. The firm has a market capitalization of $4.57 trillion, a PE ratio of 35.93, a PEG ratio of 2.69 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. As a group, analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 116 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on AAPL. Rosenblatt Securities lifted their price target on shares of Apple from $276.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. The Goldman Sachs Group reiterated a "buy" rating and issued a $360.00 price target (down from $370.00) on shares of Apple in a research report on Friday, July 31st. Tigress Financial reiterated a "strong-buy" rating and issued a $375.00 target price (up from $305.00) on shares of Apple in a report on Thursday, May 14th. HSBC raised shares of Apple from a "hold" rating to a "buy" rating and lifted their target price for the stock from $260.00 to $366.00 in a research report on Thursday, July 16th. Finally, Maxim Group restated a "buy" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $330.44.

Apple 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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