McIlrath & Eck LLC Has $14.94 Million Stock Position in Apple Inc. $AAPL

McIlrath & Eck LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,866 shares of the iPhone maker’s stock after purchasing an additional 5,378 shares during the period. Apple makes up approximately 1.1% of McIlrath & Eck LLC’s investment portfolio, making the stock its 29th largest holding. McIlrath & Eck LLC’s holdings in Apple were worth $14,939,000 as of its most recent SEC filing.

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

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reportedly received approximately $2.2 billion in tariff refunds, which could support near-term cash flow and earnings. More than 40 S&P 500 companies have reported receiving refunds from the broader tariff program. S&P 500 Companies Claim First Payouts From $100 Billion Tariff Refund Wave
• Positive Sentiment: Apple opened a 20,000-square-foot Advanced Manufacturing Center in Houston, where it plans to assemble Mac mini computers and co-locate advanced AI-server production. The facility strengthens Apple’s U.S. manufacturing narrative and may improve supplier capabilities. Apple’s Tim Cook joined by Howard Lutnick in opening Houston manufacturing plant
• Positive Sentiment: Norway’s sovereign wealth fund disclosed Apple as its second-largest global holding, valued at roughly 522 billion Norwegian kroner. The position provides a signal of continued confidence from a major long-term investor. Apple Stock Rises While Norway Fund Reveals Huge Position
• Neutral Sentiment: Apple is negotiating performance-based licensing agreements with publishers to supply current content for an upgraded, AI-powered Siri. The deals could improve Siri’s usefulness, but the potential nine-figure expense would pressure services margins and monetization remains uncertain. Apple in Talks to Pay Publishers to Improve AI-Powered Siri
• Negative Sentiment: Jefferies reduced its Apple price target, questioning whether the company has enough product and artificial-intelligence momentum to justify its premium valuation. Google’s new Pixel 11 lineup also intensifies competition ahead of Apple’s expected Siri and iPhone updates. Apple Stock Falls After Jefferies Slashes Price Target
• Negative Sentiment: Rising memory and other component costs could erode Apple’s margins even if demand remains strong. Apple is testing Chinese supplier CXMT for DRAM, which could diversify supply but introduces geopolitical and quality-related risks. Apple Stock’s Biggest Risk Is The Memory Bill, Not Demand
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 Apple shares for approximately $443,000, reducing her direct stake by 3.46%. The transaction is relatively small but may add modest insider-selling pressure. Apple SEC Form 4 Insider Sale

Apple Stock Up 1.0%

Shares of AAPL stock opened at $305.26 on Friday. Apple Inc. has a 12-month low of $223.78 and a 12-month high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average of $309.00 and a 200-day moving average of $285.04. The company has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 35.01, a P/E/G ratio of 2.59 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 EPS. As a group, equities research analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 10th. Apple’s payout ratio is 12.39%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research report on Monday, June 8th. KeyCorp restated an “underweight” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday, July 28th. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a research note on Friday, July 31st. JPMorgan Chase & Co. reduced their target price on Apple from $345.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Morgan Stanley decreased their target price on Apple from $364.00 to $360.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $328.60.

Insider Activity

In related news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the sale, the senior vice president owned 40,107 shares of the company’s stock, valued at approximately $12,342,929.25. This trade represents a 3.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ben Borders sold 116 shares of the business’s 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 completion of the sale, the insider owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by corporate insiders.

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.