Steinberganna Wealth Management Invests $12.59 Million in Apple Inc. $AAPL

Steinberganna Wealth Management acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,435 shares of the iPhone maker’s stock, valued at approximately $12,588,000. Apple comprises about 5.9% of Steinberganna Wealth Management’s holdings, making the stock its 4th largest holding.

Other hedge funds have also bought and sold shares of the company. Financial Futures Ltd Liability Co. lifted its holdings in Apple by 13.2% in the second quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker’s stock valued at $729,000 after acquiring an additional 415 shares during the period. Monarch Capital Management Inc. increased its position in shares of Apple by 4.6% during the 2nd quarter. Monarch Capital Management Inc. now owns 66,967 shares of the iPhone maker’s stock valued at $13,740,000 after purchasing an additional 2,920 shares during the last quarter. American National Bank & Trust lifted its stake in shares of Apple by 2.4% in the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after purchasing an additional 4,543 shares during the period. Riverwater Partners LLC lifted its stake in shares of Apple by 17.9% in the 2nd quarter. Riverwater Partners LLC now owns 5,404 shares of the iPhone maker’s stock worth $1,109,000 after purchasing an additional 819 shares during the period. Finally, Highland Capital Management LLC boosted its holdings in shares of Apple by 2.2% in the third quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker’s stock worth $101,301,000 after buying an additional 8,446 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research reports. Stephens set a $315.00 target price on shares of Apple in a report on Monday. Jefferies Financial Group set a $276.47 price objective on shares of Apple and gave the company a “hold” rating in a research report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, December 3rd. Wall Street Zen lowered Apple from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Loop Capital restated a “buy” rating and issued a $325.00 price target (up previously from $315.00) on shares of Apple in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $282.80.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Quarterly beat — Apple reported revenue of ~$143.8B and EPS $2.84, topping Street estimates and showing 16% revenue growth driven largely by iPhone strength. Reuters: Apple sales, profit beat
• Positive Sentiment: Upbeat guidance on margins — Management projected gross margins above expectations for the next quarter, reassuring investors that Apple can absorb higher memory costs through product mix and pricing. MarketWatch: Tim Cook addresses margin question
• Positive Sentiment: iPhone, China and installed base tailwinds — Record iPhone revenue (~$85B) and a big China rebound (double?digit growth) plus an active installed base above 2.5B support services and upgrade opportunity. Benzinga: iPhone demand and installed base
• Neutral Sentiment: AI M&A signals intent — Apple bought audio?AI startup Q.ai, strengthening its audio/voice AI capabilities, but the deal provides strategic signal more than immediate revenue upside. TechCrunch: Apple acquires Q.ai
• Neutral Sentiment: Services growth held up but was broadly in line with expectations, so the quarter’s upside was driven mainly by hardware mix rather than a surprise services acceleration. MarketBeat: Earnings and call transcript
• Negative Sentiment: Supply constraints — Apple said it couldn’t fully satisfy iPhone demand because of chip constraints, implying some near?term upside was supply?limited rather than demand?capped. CNBC: Apple can’t secure enough chips
• Negative Sentiment: Rising component costs — Analysts flagged higher memory prices and cost pressure; investors remain watchful whether margin guidance can hold if input costs continue to climb. WSJ: Investors focus on higher costs
• Negative Sentiment: AI clarity still limited — Management declined to add material detail on broader AI strategy and how Gemini/partnered models will monetize at scale, leaving an open question for longer?term growth expectations. TalkMarkets: Can Apple shake off AI struggles?

Apple Price Performance

Shares of Apple stock opened at $258.28 on Friday. The company has a market capitalization of $3.80 trillion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.39 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 1.06. The stock’s 50-day simple moving average is $268.62 and its 200-day simple moving average is $251.07. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.19. Apple had a return on equity of 164.05% and a net margin of 26.92%.The firm had revenue of $143.76 billion during the quarter, compared to analysts’ expectations of $138.25 billion. As a group, analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Monday, February 9th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, February 9th. Apple’s payout ratio is 13.92%.

Insider Activity at Apple

In related news, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the completion of the transaction, the insider owned 15,098 shares in the company, valued at approximately $4,095,030.54. This represents a 19.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

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.