Nwam LLC Has $64.91 Million Position in Apple Inc. $AAPL

Nwam LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 255,759 shares of the iPhone maker’s stock after purchasing an additional 3,156 shares during the period. Apple makes up about 3.7% of Nwam LLC’s investment portfolio, making the stock its 2nd biggest position. Nwam LLC’s holdings in Apple were worth $64,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AAPL. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple in the 4th quarter valued at $41,000. ROSS JOHNSON & Associates LLC raised its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares during the last quarter. Timmons Wealth Management LLC acquired a new position in shares of Apple during the fourth quarter valued at $69,000. LSV Asset Management acquired a new position in shares of Apple during the fourth quarter valued at $65,000. Finally, Inspire Investing LLC acquired a new position in shares of Apple during the fourth quarter valued at $76,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In related news, insider Ben Borders sold 116 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by company insiders.

Apple Trading Down 0.6%

NASDAQ AAPL opened at $338.19 on Thursday. Apple Inc. has a 12 month low of $201.50 and a 12 month high of $344.57. The stock has a 50-day simple moving average of $308.94 and a 200 day simple moving average of $280.73. 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 capitalization of $4.97 trillion, a PE ratio of 40.89, a P/E/G ratio of 2.94 and a beta of 1.10.

Apple (NASDAQ:AAPL) last issued its 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. The firm had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company’s revenue 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. Research analysts forecast that Apple Inc. will post 8.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. HSBC upgraded shares of Apple from a “hold” rating to a “buy” rating and upped their target price for the company from $260.00 to $366.00 in a research report on Thursday, July 16th. Citigroup reaffirmed a “buy” rating and issued a $365.00 target price (up from $315.00) on shares of Apple in a research note on Monday, July 13th. Barclays reiterated an “underweight” rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $327.40.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone demand and steady pricing are expected to produce Apple’s strongest June-quarter revenue growth in five years. Analysts are also watching for contributions from Services, Mac, and iPhone 17 shipments. Apple set for strongest June-quarter sales growth in 5 years
• Positive Sentiment: Apple’s new Apple Upgrade program, powered by Klarna, lets U.S. customers lease iPhones, Macs, iPads, and Apple Watches through monthly payments. The initiative could lower upfront costs, increase upgrade frequency, and support device sales. Apple launches US device leasing program with Klarna
• Positive Sentiment: Erste Group modestly raised its fiscal 2027 EPS forecast to $9.57 from $9.56, above the current-year consensus estimate of $8.76, reinforcing the bullish long-term earnings outlook.
• Neutral Sentiment: Apple’s record valuation reflects investor confidence in its relatively disciplined AI spending and improving product demand, while money has rotated away from Nvidia and other high-spending chip stocks. However, options markets imply a comparatively contained post-earnings move, suggesting much of the optimism may already be priced in. Apple Could Swing $170 Billion In Value After Earnings
• Negative Sentiment: Apple faces a leadership transition, with Tim Cook preparing for his final earnings call as CEO and hardware chief John Ternus scheduled to succeed him. Investors will seek evidence that the incoming CEO can sustain growth beyond the iPhone.
• Negative Sentiment: Proposed U.K. App Store rules could loosen Apple’s control over in-app payments and reduce commission revenue; Apple argues the measures amount to price regulation. Apple says UK App Store proposal amounts to price regulation
• Negative Sentiment: A federal lawsuit alleges a fraudulent Bitcoin wallet app remained available in Apple’s App Store, raising potential legal costs and renewed concerns about app-review and platform liability.

Apple 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.