Private Wealth Partners LLC Has $118.66 Million Stock Holdings in Apple Inc. $AAPL

Key Points

• Private Wealth Partners LLC trimmed its Apple stake by 6.4% in the fourth quarter, selling 29,678 shares and ending with 436,467 shares worth about $118.66 million. Apple remains the firm’s second-largest holding, making up roughly 8.4% of its portfolio.
• Apple reported strong quarterly results, with earnings of $2.01 per share topping estimates and revenue of $111.18 billion also beating expectations. Revenue rose 16.6% year over year, and analysts now expect full-year EPS of 8.74.
• Sentiment around Apple remains positive as the company raised its quarterly dividend and analysts kept or lifted price targets, including Wedbush’s $400 target. The stock currently carries a consensus rating of “Moderate Buy” with an average price target of $308.74.

Private Wealth Partners LLC lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,467 shares of the iPhone maker's stock after selling 29,678 shares during the period. Apple makes up approximately 8.4% of Private Wealth Partners LLC's holdings, making the stock its 2nd largest position. Private Wealth Partners LLC's holdings in Apple were worth $118,658,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Isthmus Partners LLC grew its position in Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock worth $25,000 after purchasing an additional 5,808 shares during the period. Sellwood Investment Partners LLC grew its position in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock worth $34,000 after purchasing an additional 71 shares during the period. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the period. LSV Asset Management bought a new stake in Apple in the 4th quarter worth approximately $65,000. Finally, 49 Wealth Management LLC grew its position in Apple by 15.7% in the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock worth $76,000 after purchasing an additional 40,543 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

AAPL opened at $300.23 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a fifty-two week low of $193.46 and a fifty-two week high of $303.20. The firm's fifty day moving average is $265.37 and its 200 day moving average is $267.47. The stock has a market cap of $4.41 trillion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 2.61 and a beta of 1.06.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating 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 company had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. During the same quarter in the previous year, the company earned $1.65 EPS. Apple's revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

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

Analysts Set New Price Targets

AAPL has been the subject of a number of research analyst reports. Phillip Securities raised shares of Apple from a "moderate sell" rating to a "hold" rating in a research report on Sunday, February 1st. Wedbush reiterated an "outperform" rating and set a $400.00 price target (up from $350.00) on shares of Apple in a research note on Friday, May 8th. Royal Bank Of Canada set a $325.00 price target on shares of Apple in a research note on Monday, February 2nd. Rosenblatt Securities lifted their price target on shares of Apple from $268.00 to $276.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $330.00 price target (up from $315.00) on shares of Apple in a research note on Friday, May 1st. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $308.74.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s post-earnings rally continues after the company posted record quarterly revenue and EPS, boosted its dividend, and authorized a fresh $100 billion buyback. Analysts say the results support further upside and have raised price targets. Apple Stock Hits All-Time High as Post-Earnings Rally Continues
• Positive Sentiment: Evercore ISI lifted its price target on Apple to $365 and said a bull-case scenario could reach $500, citing compounding growth from Services and Apple’s ability to keep expanding free cash flow. Evercore ISI Hikes Apple Price Target to $365
• Positive Sentiment: Investor sentiment is being helped by reports that iPhone demand remains strong globally, plus Soros Fund Management reportedly boosted its Apple position during the quarter. George Soros’s fund buys Berkshire Hathaway stock — now that Buffett is gone
• Positive Sentiment: Apple reportedly cut iPhone 17 prices in China ahead of the 618 shopping festival, which could help support unit sales in a key market. Apple Cuts iPhone 17 Prices in China
• Neutral Sentiment: OpenAI is considering legal action over its strained ChatGPT partnership with Apple, which adds uncertainty around Apple’s AI strategy and could weigh on sentiment if the dispute escalates. OpenAI explores legal options against Apple
• Neutral Sentiment: Reports that Anthropic’s Mythos AI found vulnerabilities in Apple’s macOS/iOS are a reminder of ongoing security scrutiny, but the news is more reputational than fundamentally financial for now. Anthropic's Mythos Helped Find Bugs in Apple's Desktop Operating System

Insider Activity at Apple

In other Apple news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was 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, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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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