TFR Capital LLC. Grows Position in Apple Inc. $AAPL

Key Points

• TFR Capital increased its Apple stake by 6.3% in the first quarter, acquiring 3,533 additional shares for a total of 59,441 shares valued at $15.1 million. Apple now represents about 4.6% of the fund’s portfolio, while institutional investors collectively own 67.73% of the company.
• Apple’s latest quarterly results exceeded expectations, with earnings per share of $2.01 and revenue of $111.18 billion, up 16.6% year over year. The company also raised its quarterly dividend to $0.27 per share, or $1.08 annually.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $327.40. However, Apple’s high valuation, potential margin pressure from component costs and tariffs, and concerns about slowing growth remain key risks; an insider also sold 1,274 shares.

TFR Capital LLC. increased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 59,441 shares of the iPhone maker's stock after buying an additional 3,533 shares during the quarter. Apple accounts for approximately 4.6% of TFR Capital LLC.'s portfolio, making the stock its 2nd largest holding. TFR Capital LLC.'s holdings in Apple were worth $15,086,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. First National Bank of Hutchinson grew its stake in shares of Apple by 24.6% during the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after acquiring an additional 6,982 shares during the period. Eagle Capital Management LLC raised its stake in Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after acquiring an additional 272 shares during the period. Brighton Jones LLC raised its stake in Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after acquiring an additional 69,207 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Apple by 4.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after purchasing an additional 2,695 shares during the last quarter. Finally, Highview Capital Management LLC DE lifted its holdings in Apple by 2.4% during the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock valued at $12,587,000 after purchasing an additional 1,155 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,274 shares of the firm's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares of the company's stock, valued at $11,226,770. This trade represents a 3.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investor optimism is building ahead of earnings. Analysts expect continued strength in iPhone and Services revenue, while Goldman Sachs raised its price target and projected outperformance in iPhone and Mac sales. Options activity also indicates expectations for a substantial post-earnings move. Goldman raises Apple price target
• Positive Sentiment: Apple launched Apple Upgrade, a U.S. leasing program powered by Klarna. Customers can lease iPhones, Macs, iPads and Apple Watches through monthly payments, including iPhone plans starting at $17.99. The program could improve affordability, support upgrade frequency and broaden access to Apple’s hardware ecosystem. Apple launches US device leasing program with Klarna
• Neutral Sentiment: Apple’s privacy positioning is receiving favorable attention after users’ seemingly private Claude AI conversations appeared in Google search results. The publicity may reinforce Apple’s privacy brand, although the direct financial impact is unclear. Claude chats exposed in Google searches
• Negative Sentiment: Valuation and execution risks are elevated. KeyBanc remains bearish, citing slowing unit and user growth, while Apple’s premium earnings multiple leaves limited room for an earnings or outlook disappointment. Investors will closely watch iPhone demand, Services growth, margins and management commentary during Tim Cook’s final earnings call as CEO. Apple earnings preview
• Negative Sentiment: Rising memory and component costs could pressure hardware margins, particularly if tariffs restrict Apple’s access to lower-cost Chinese suppliers. Separately, a lawsuit alleges that a fraudulent Bitcoin wallet app on the App Store caused about $1.8 million in losses, creating a modest App Store oversight and reputational risk. Memory tariffs and Apple margins

Apple Trading Up 0.9%

Shares of AAPL opened at $340.08 on Wednesday. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $342.89. The stock has a market cap of $4.99 trillion, a PE ratio of 41.12, a P/E/G ratio of 2.91 and a beta of 1.10. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The business's 50-day moving average price is $308.22 and its 200-day moving average price is $280.18.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple's revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $1.65 earnings per share. On average, equities analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid a $0.27 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.3%. This is a boost from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio is currently 13.06%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Rosenblatt Securities reiterated a "neutral" rating and issued a $276.00 target price on shares of Apple in a research note on Tuesday, June 9th. Jefferies Financial Group restated a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. Citigroup reissued a "buy" rating and set a $365.00 target price (up from $315.00) on shares of Apple in a report on Monday, July 13th. Finally, UBS Group set a $365.00 target price on shares of Apple in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $327.40.

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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