Apple Inc. $AAPL is DeDora Capital Inc.’s 8th Largest Position

DeDora Capital Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% during the 1st quarter, Holdings Channel reports. The fund owned 54,421 shares of the iPhone maker’s stock after selling 1,803 shares during the period. Apple comprises about 3.4% of DeDora Capital Inc.’s portfolio, making the stock its 8th largest position. DeDora Capital Inc.’s holdings in Apple were worth $13,811,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Lifetime Wealth Management P.C. bought a new position in Apple in the fourth quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC boosted its position in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Timmons Wealth Management LLC bought a new stake in Apple during the 4th quarter valued at $69,000. LSV Asset Management bought a new stake in Apple during the 4th quarter valued at $65,000. Finally, Inspire Investing LLC purchased a new position in shares of Apple in the 4th quarter valued at $76,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Citi raised its price target on Apple to $365 and kept a Buy rating, arguing the company can keep gaining market share and may benefit from premium iPhone pricing and Apple Intelligence upside. Article Title
• Positive Sentiment: Apple continues to show strong smartphone performance, including record Q2 market share in China and reports that it has outperformed the broader smartphone slump, which supports the case for resilient demand. Article Title
• Positive Sentiment: Investors are also focusing on potential future catalysts such as a possible iPhone price increase and new product cycles, including foldable iPhone plans and AI-focused chip development. Article Title
• Neutral Sentiment: Apple’s lawsuit against OpenAI is keeping the stock in the headlines; it could protect Apple’s intellectual property and slow a competitor’s hardware push, but it also adds legal uncertainty. Article Title
• Neutral Sentiment: Broadcom’s multiyear chip agreement was described as strategically positive for Apple’s AI silicon efforts, but it is more of a longer-term support story than a direct near-term stock mover. Article Title
• Negative Sentiment: KeyBanc’s downgrade and related bearish commentary from other firms are the clearest reasons Apple stock is lower, with analysts warning that slowing iPhone upgrades and softer Services growth could limit further upside. Article Title

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AAPL shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Apple in a research report on Friday, June 26th. Barclays reiterated an “underweight” rating on shares of Apple in a report on Tuesday, June 9th. Bank of America restated a “buy” rating and issued a $380.00 price target on shares of Apple in a report on Thursday, June 18th. TD Cowen lifted their price objective on shares of Apple from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $250.00 price objective for the company. in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $313.11.

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction 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. The trade was a 3.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,924 shares of company stock valued at $825,546 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 0.8%

NASDAQ:AAPL opened at $314.86 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $323.45. The company has a market cap of $4.62 trillion, a PE ratio of 38.07, a P/E/G ratio of 2.76 and a beta of 1.10. The company’s 50 day moving average is $301.09 and its two-hundred day moving average is $275.89.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $109.46 billion. During the same quarter last year, the company posted $1.65 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The company also recently announced 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 dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is currently 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.