San Luis Wealth Advisors LLC Buys 7,248 Shares of Apple Inc. $AAPL

Key Points

• San Luis Wealth Advisors LLC raised its Apple stake by 6.0%, buying 7,248 shares to hold 128,860 shares worth about $32.8 million, making AAPL roughly 5.7% of its portfolio and its third-largest position.
• Apple beat expectations last quarter with $2.84 EPS and $143.76 billion revenue (up 15.7% YoY); the stock trades at a $3.73 trillion market cap, yields 0.4%, and carries a MarketBeat consensus rating of "Moderate Buy" with a $297.58 price target.

San Luis Wealth Advisors LLC lifted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,860 shares of the iPhone maker's stock after acquiring an additional 7,248 shares during the period. Apple accounts for about 5.7% of San Luis Wealth Advisors LLC's investment portfolio, making the stock its 3rd largest position. San Luis Wealth Advisors LLC's holdings in Apple were worth $32,812,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Apple during the 2nd quarter worth $38,942,255,000. Nuveen LLC acquired a new position in Apple in the 1st quarter valued at $17,472,482,000. PKS Advisory Services LLC raised its holdings in Apple by 98,917.0% in the 2nd quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker's stock worth $12,106,000 after acquiring an additional 57,898,088 shares during the period. Laurel Wealth Advisors LLC lifted its position in Apple by 20,464.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock worth $5,553,753,000 after acquiring an additional 26,937,401 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 0.6%

NASDAQ AAPL opened at $254.23 on Wednesday. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $288.62. The stock has a market cap of $3.73 trillion, a PE ratio of 32.14, a PEG ratio of 2.26 and a beta of 1.10. The firm has a 50-day simple moving average of $261.63 and a 200 day simple moving average of $262.04. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97.

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

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple's dividend payout ratio is presently 13.15%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO Tim Cook publicly dismissed retirement rumors and reinforced his commitment to Apple's roadmap and upcoming AI milestones, reducing leadership uncertainty that had weighed on sentiment. Tim Cook squashes retirement rumors, says he 'can't imagine life without Apple'
• Positive Sentiment: Product refreshes: Apple unveiled AirPods Max 2 with upgraded features (H2 chip, improved ANC, live translation), and expanded its MacBook lineup with M5 chips — news that supports hardware revenue and drew an Evercore reaffirmation of Outperform. Apple unveils second-generation AirPods Max at $549, more than five years after debut
• Positive Sentiment: Strategic M&A: Apple acquired MotionVFX, a Final Cut Pro plugin maker, strengthening its creator tools and services ecosystem — a move that can help services/subscriptions monetization for pro users. Apple acquires video editing software company MotionVFX
• Positive Sentiment: Brand extensions: Beats launched Nike‑branded earbuds in a first hardware collaboration, showing continued diversification of accessory demand and co‑branding opportunities. Apple’s Beats Launches Nike‑Branded Earbuds in Its First‑Ever Hardware Collaboration
• Neutral Sentiment: Macro/market flows: A broader shift of investor interest toward value ETFs (amid geopolitical uncertainty) is altering sector flows; not Apple‑specific but can affect relative demand for large growth names. 2 ETFs Have Similar Names. Their Performances Couldn’t Be More Different.
• Neutral Sentiment: Supply‑chain & supplier notes: Nvidia/Samsung foundry news and Foxconn's mixed results keep focus on Apple’s manufacturing partners — potential upside if foundry capacity and iPhone assembly remain robust, but margins/supply risks persist. Samsung shares rise after Nvidia's Huang flags tie-up on new AI chips
• Neutral Sentiment: Short‑interest notices in March appear inconsistent/immaterial in the data reported and are unlikely to be a driver today.
• Negative Sentiment: Reputational/operational criticism: Elon Musk publicly called iOS app‑review delays "ridiculous," reigniting debate about App Store policy and developer friction — a potential negative for developer relations and platform perception. Elon Musk Has One Word for This Apple Problem: 'Ridiculous'
• Negative Sentiment: Relative performance pressure: Coverage noting Apple has lagged some peers (Magnificent 7 commentary) underscores investor concerns about AI leadership and near‑term growth vs. names like Nvidia, which can cap multiple expansion. NVIDIA Leads Magnificent 7 Stocks in March while Apple and Tesla Slide

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of Apple in a report on Friday, January 30th. CLSA boosted their price objective on Apple from $265.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, December 5th. Monness Crespi & Hardt increased their target price on Apple from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, January 30th. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 target price on shares of Apple in a report on Friday, January 30th. Finally, Maxim Group raised Apple from a "hold" rating to a "buy" rating and set a $300.00 price target on the stock in a research report on Friday, January 30th. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $297.58.

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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