Zhang Financial LLC Acquires 9,352 Shares of Apple Inc. $AAPL

Key Points

• Zhang Financial LLC increased its Apple position by 4.3% in the first quarter, buying 9,352 shares for a total of 226,060 shares valued at approximately $57.4 million. Institutional investors collectively own 67.73% of Apple’s stock.
• Analysts maintain a broadly positive outlook, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $331.60, though targets range from $360 to $380 among several major firms.
• Apple reported record quarterly revenue of $109.4 billion, up 16.4% year over year, and EPS of $2.02, beating expectations. The company also declared a quarterly dividend of $0.27 per share, representing a 0.3% annualized yield.

Zhang Financial LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 226,060 shares of the iPhone maker's stock after buying an additional 9,352 shares during the period. Apple accounts for 2.0% of Zhang Financial LLC's portfolio, making the stock its 12th biggest position. Zhang Financial LLC's holdings in Apple were worth $57,372,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

AAPL has been the topic of a number of research analyst reports. Citigroup reiterated 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. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research note on Friday. The Goldman Sachs Group reiterated a "buy" rating and issued a $360.00 price objective (down from $370.00) on shares of Apple in a report on Friday. Weiss Ratings reissued a "buy (b-)" rating on shares of Apple in a research report on Wednesday, July 15th. Finally, Bank of America reaffirmed a "buy" rating and issued a $380.00 target price on shares of Apple in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average price target of $331.60.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record June-quarter revenue of $109.4 billion, up 16.4% year over year, and diluted EPS of $2.02, exceeding Wall Street expectations. iPhone revenue rose 22% to $54.3 billion, while Mac revenue increased 29% to $10.4 billion. Apple reports third quarter results
• Positive Sentiment: Apple’s large installed base, strong hardware demand and potential consumer-AI opportunities remain long-term supports. Some analysts remain bullish: TD Cowen raised its price target to $400, while other firms maintained Buy or Overweight ratings despite trimming estimates. Analyst raises Apple price target
• Positive Sentiment: The company declared a quarterly dividend of $0.27 per share, payable August 13 to shareholders of record August 10. Apple also continues to emphasize an AI strategy that requires less capital spending than the infrastructure-heavy approach used by some peers. Apple Q3 financial results

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 1,274 shares of the company's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,226,770. This represents a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Apple stock opened at $308.91 on Monday. Apple Inc. has a 12 month low of $201.50 and a 12 month high of $344.57. The stock has a fifty day simple moving average of $309.51 and a two-hundred day simple moving average of $281.60. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a market cap of $4.54 trillion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.65 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Equities analysts predict that Apple Inc. will post 8.8 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be given a $0.27 dividend. 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 12.39%.

Apple Company 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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