University of Texas Texas AM Investment Management Co. raised its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 2,219.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,908 shares of the iPhone maker’s stock after buying an additional 104,212 shares during the period. Apple comprises 4.2% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 3rd biggest position. University of Texas Texas AM Investment Management Co.’s holdings in Apple were worth $29,608,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sellwood Investment Partners LLC increased its holdings in Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after buying an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC increased its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares in the last quarter. Timmons Wealth Management LLC purchased a new position in Apple in the fourth quarter valued at $69,000. LSV Asset Management purchased a new position in Apple in the fourth quarter valued at $65,000. Finally, PayPay Securities Corp increased its holdings in Apple by 52.1% in the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker’s stock valued at $99,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Analyst Ratings Changes
AAPL has been the subject of a number of recent analyst reports. Monness Crespi & Hardt lifted their price objective on shares of Apple from $315.00 to $335.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wedbush reiterated an “outperform” rating and issued a $400.00 target price on shares of Apple in a research report on Friday, June 5th. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Wells Fargo & Company reiterated an “overweight” rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a research report on Friday, May 1st. Finally, BNP Paribas Exane upgraded shares of Apple from a “neutral” rating to an “outperform” rating and set a $300.00 target price on the stock in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.59.
Insider Buying and Selling at Apple
In related news, insider Ben Borders sold 1,274 shares of the business’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 directly owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 64,949 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer owned 3,280,418 shares in the company, valued at $833,980,668.14. The trade was a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 97,759 shares of company stock valued at $24,964,305. Insiders own 0.06% of the company’s stock.
Key Headlines Impacting Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Wall Street is warming to Apple’s AI strategy after WWDC, with analysts saying Siri AI and related upgrades could help drive new Services revenue and support a longer-term stock rebound. Apple’s AI Plans Are Finally Taking Shape. Here’s What That Means for AAPL Stock.
- Positive Sentiment: Reports that Apple is planning a broader 2027 product push — including camera-equipped AirPods, a foldable iPhone, and AI-enabled accessories — reinforce the idea that the company has multiple growth catalysts ahead. Apple (AAPL) Faces Italy DMA Probe Over Cloud Interoperability
- Positive Sentiment: Several reports note that Apple shares have been recovering after the initial WWDC reaction, suggesting the market may be concluding the AI rollout is more promising than first feared. Apple Stock Is Down After WWDC. There’s More to Its AI Strategy Than Meets the Eye.
- Neutral Sentiment: Apple’s supplier Tata Electronics said India’s pollution board dropped scrutiny of its iPhone parts plant after contamination concerns were addressed, removing a potential supply-chain distraction. Tata says India pollution board drops scrutiny of Apple iPhone parts plant
- Neutral Sentiment: Apple is reportedly considering changes to its Hide My Email feature, which could make it less effective but may also help apps and websites limit abuse from anonymous sign-ups. Apple plans to change its Hide My Email privacy feature that could make it less effective
- Negative Sentiment: Italy’s competition authority opened a Digital Markets Act probe into Apple’s cloud interoperability practices, raising fresh regulatory risk in Europe and potential pressure on Apple’s ecosystem controls. Italian Competition Watchdog Launches Investigation Into Apple’s Cloud Service Practices (AAPL)
- Negative Sentiment: Rising memory-chip costs could squeeze margins as Apple’s AI features require more powerful hardware, adding a near-term profitability concern. Rising Memory Costs Test Apple Margins As AI Demands More Hardware
Apple Stock Up 1.0%
Shares of NASDAQ AAPL opened at $299.24 on Wednesday. The company’s 50-day simple moving average is $287.32 and its 200-day simple moving average is $272.54. Apple Inc. has a 52-week low of $195.07 and a 52-week high of $317.40. The firm has a market cap of $4.40 trillion, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.
Apple (NASDAQ:AAPL – Get Free Report) last announced its 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. The business had revenue of $111.18 billion for 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%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 earnings per share. Equities analysts predict that Apple Inc. will post 8.75 EPS 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 dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is presently 13.06%.
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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