Western Wealth Management LLC Has $71.53 Million Holdings in Apple Inc. $AAPL

Key Points

• Western Wealth Management LLC increased its Apple stake by 1.7% in the fourth quarter, bringing its holdings to 263,094 shares valued at about $71.5 million. Apple is now its third-largest position and makes up roughly 3.3% of the portfolio.
• Apple recently reported strong quarterly results, posting $2.01 EPS versus $1.95 expected and revenue of $111.18 billion, with sales up 16.6% year over year. The company also raised its quarterly dividend to $0.27 per share.
• Investor sentiment remains mixed but generally constructive: analysts rate the stock a Moderate Buy with an average price target of $312.82, while recent news highlights optimism around Apple’s AI plans and WWDC, alongside concerns about slowing App Store growth and regulatory risk.

Western Wealth Management LLC raised its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,094 shares of the iPhone maker's stock after acquiring an additional 4,397 shares during the quarter. Apple makes up approximately 3.3% of Western Wealth Management LLC's investment portfolio, making the stock its 3rd largest position. Western Wealth Management LLC's holdings in Apple were worth $71,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Overbrook Management Corp increased its position in Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock valued at $28,449,000 after purchasing an additional 38,174 shares during the period. Tufton Capital Management grew its position in shares of Apple by 4.3% during the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after buying an additional 4,157 shares during the period. Torren Management LLC acquired a new stake in shares of Apple during the 4th quarter worth approximately $1,178,000. KBC Group NV grew its position in shares of Apple by 3.1% during the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock worth $1,915,172,000 after buying an additional 214,215 shares during the period. Finally, Montis Financial LLC grew its position in shares of Apple by 15.8% during the 3rd quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker's stock worth $19,841,000 after buying an additional 10,640 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ AAPL opened at $311.24 on Friday. The company has a fifty day simple moving average of $280.29 and a 200 day simple moving average of $271.11. Apple Inc. has a 12-month low of $195.07 and a 12-month high of $316.94. 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 company has a market cap of $4.57 trillion, a P/E ratio of 37.63, a PEG ratio of 2.70 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. During the same quarter last year, the firm posted $1.65 EPS. Apple's revenue was up 16.6% compared to the same quarter last year. Sell-side analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is an increase from Apple's previous quarterly dividend of $0.26. Apple's payout ratio is 13.06%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investors are looking for WWDC to showcase a major Siri overhaul and new AI features, which could help justify a higher valuation if Apple demonstrates stronger product momentum. Article Title
• Positive Sentiment: Apple’s App Store generated more than $1.4 trillion in developer sales and billings last year, reinforcing the scale and stickiness of its Services ecosystem. Article Title
• Positive Sentiment: Analysts remain constructive on Apple’s AI roadmap and ecosystem strength, with several price-target hikes and Buy calls suggesting upside if the company executes at WWDC. Article Title
• Neutral Sentiment: Apple approved Poke as the first AI agent on its Messages for Business platform, showing early AI adoption inside its messaging ecosystem, but the near-term financial impact appears limited. Article Title
• Neutral Sentiment: Reports that Apple may use Google cloud servers and Nvidia chips to help power Siri signal a faster AI rollout, though they also highlight Apple’s reliance on outside infrastructure. Article Title
• Negative Sentiment: UBS warned that App Store growth is decelerating, which matters because App Store revenue is a key driver of Apple’s high-margin Services segment. Article Title
• Negative Sentiment: Apple agreed to submit India financials in a long-running antitrust case, keeping regulatory risk in focus as authorities move closer to a penalty decision. Article Title

Insider Buying and Selling at Apple

In related news, insider Ben Borders sold 1,274 shares of Apple 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 sale, the insider owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the sale, the chief executive officer directly 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 97,759 shares of company stock worth $24,964,305. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Moffett Nathanson raised their price objective on shares of Apple from $241.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 25th. Barclays reaffirmed an "underweight" rating and set a $253.00 price objective (up from $248.00) on shares of Apple in a research report on Friday, May 1st. Rosenblatt Securities raised their price objective on shares of Apple from $268.00 to $276.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. DA Davidson reaffirmed a "neutral" rating and set a $270.00 price objective on shares of Apple in a research report on Friday, May 1st. Finally, UBS Group reaffirmed a "neutral" rating on shares of Apple in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average price target of $312.82.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.