Waterway Wealth Management LLC Buys 4,841 Shares of Apple Inc. $AAPL

Waterway Wealth Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 26.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 22,899 shares of the iPhone maker’s stock after buying an additional 4,841 shares during the period. Apple makes up 1.1% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Waterway Wealth Management LLC’s holdings in Apple were worth $5,811,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Topsail Wealth Management LLC increased its position in Apple by 1.3% during the 1st quarter. Topsail Wealth Management LLC now owns 26,090 shares of the iPhone maker’s stock valued at $6,621,000 after purchasing an additional 337 shares during the period. AA Financial Advisors LLC lifted its position in shares of Apple by 11.8% in the 1st quarter. AA Financial Advisors LLC now owns 22,391 shares of the iPhone maker’s stock worth $5,683,000 after purchasing an additional 2,367 shares during the period. Falcon Wealth Planning lifted its position in shares of Apple by 2.2% in the 1st quarter. Falcon Wealth Planning now owns 282,160 shares of the iPhone maker’s stock worth $71,609,000 after purchasing an additional 6,006 shares during the period. Verus Financial Partners Inc. boosted its stake in shares of Apple by 0.9% in the 1st quarter. Verus Financial Partners Inc. now owns 12,665 shares of the iPhone maker’s stock valued at $3,336,000 after purchasing an additional 111 shares during the last quarter. Finally, LifeWealth Investments LLC boosted its stake in shares of Apple by 1.6% in the 1st quarter. LifeWealth Investments LLC now owns 38,526 shares of the iPhone maker’s stock valued at $9,778,000 after purchasing an additional 589 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Reports that Apple plans at least five new iPhone models through early 2027, including a stronger foldable iPhone push, have reinforced expectations for a fresh product cycle and a longer growth runway. Apple plans five new iPhones through 2027, eyes Chinese-made chips amid foldable push, reports say
• Positive Sentiment: Apple also appears to be benefiting from investor optimism that it can navigate the memory-chip shortage and secure supply, including possible deals with lower-cost Chinese chipmakers, which could help protect future production. Apple negotiates with blacklisted Chinese chipmakers amid AI-driven memory crunch
• Positive Sentiment: Several market commentary pieces said Apple is holding up better than the broader tech sector, with traders viewing recent weakness as a buying opportunity and analysts still pointing to solid upside potential. Apple’s Aggressive Price Hikes Raise Eyebrows As Wall Street Links AI Chip Shortages To Inflation Pressure
• Neutral Sentiment: Apple’s recent price hikes on Macs and iPads are being interpreted two ways: as a sign of inflationary component costs, but also as a margin-protection move that may not hurt demand as much as feared. Jim Cramer’s Latest Thought on Apple Inc. (AAPL)
• Neutral Sentiment: Apple’s insider-selling activity and mixed institutional positioning are adding caution, but they are not the main driver of the stock today. Apple Stock (AAPL) Opinions on Recent Price Hikes and Analyst Views
• Negative Sentiment: Some coverage continues to flag pressure on Apple’s margins and demand if higher component costs force more price increases, which could weigh on sentiment over time. Is Apple stock in trouble? Rising costs threaten margins, demand

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $400.00 price objective on shares of Apple in a research report on Friday, June 5th. Barclays restated an “underweight” rating on shares of Apple in a report on Tuesday, June 9th. BNP Paribas Exane upgraded Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price target for the company in a report on Friday, April 17th. Oppenheimer reiterated a “market perform” rating on shares of Apple in a report on Tuesday, June 9th. Finally, Tigress Financial reissued a “strong-buy” rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $314.85.

Apple Stock Performance

Shares of AAPL stock opened at $308.63 on Friday. The firm has a 50 day moving average of $295.25 and a 200-day moving average of $273.85. The company has a market cap of $4.53 trillion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.68 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. Apple Inc. has a 52 week low of $201.50 and a 52 week high of $317.40.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.65 EPS. On average, equities analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

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

Insider Buying and Selling at Apple

In other news, insider Ben Borders sold 116 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,534 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. This represents a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,924 shares of company stock valued at $825,546. Insiders own 0.06% of the company’s stock.

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.