Sax Wealth Advisors LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,994 shares of the iPhone maker’s stock after purchasing an additional 6,651 shares during the quarter. Apple accounts for about 1.5% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Sax Wealth Advisors LLC’s holdings in Apple were worth $31,262,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Overbrook Management Corp grew its holdings in shares of Apple by 57.4% in the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock worth $28,449,000 after acquiring an additional 38,174 shares during the period. Monarch Capital Management Inc. lifted its holdings in Apple by 4.6% in the second quarter. Monarch Capital Management Inc. now owns 66,967 shares of the iPhone maker’s stock valued at $13,740,000 after acquiring an additional 2,920 shares during the period. Highland Capital Management LLC lifted its holdings in Apple by 2.2% in the third quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker’s stock valued at $101,301,000 after acquiring an additional 8,446 shares during the period. Citizens Financial Group Inc. RI boosted its position in Apple by 48.4% in the third quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker’s stock worth $363,256,000 after purchasing an additional 465,393 shares during the last quarter. Finally, Tufton Capital Management boosted its position in Apple by 4.3% in the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock worth $25,496,000 after purchasing an additional 4,157 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
AAPL has been the subject of several research reports. KGI Securities raised shares of Apple to an “outperform” rating and set a $306.00 price target for the company in a research report on Friday, January 30th. Moffett Nathanson boosted their target price on shares of Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Citigroup reaffirmed a “buy” rating and set a $315.00 target price (down from $330.00) on shares of Apple in a report on Tuesday, January 20th. Stifel Nicolaus set a $330.00 price target on shares of Apple in a research report on Monday, March 2nd. Finally, Rosenblatt Securities lifted their price target on shares of Apple from $267.00 to $268.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $297.58.
Apple Trading Up 0.7%
Shares of NASDAQ:AAPL opened at $255.63 on Thursday. The stock has a 50 day moving average of $260.36 and a 200 day moving average of $263.13. The company has a market cap of $3.75 trillion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $288.62. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87.
Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The company had revenue of $143.76 billion for the quarter, compared to analysts’ expectations of $138.25 billion. During the same quarter last year, the business earned $2.40 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts expect that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s dividend payout ratio (DPR) is presently 13.15%.
Key Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple expanded its U.S. Manufacturing Program with a $400M investment through 2030 to bolster domestic production of critical components — a move that should help supply resilience and long?term margins. Apple Inc. (AAPL) Expands U.S. Manufacturing Program with $400M Investment
- Positive Sentiment: Wedbush reiterated an Outperform rating and flagged a potential foldable iPhone and WWDC roadmap as major upside catalysts that could reignite product cycles. Wedbush Reiterates Outperform on Apple Inc. (AAPL)
- Positive Sentiment: Analysts point to accelerating services monetization (higher?margin recurring revenue) and Siri/AI feature tests (multi?request Siri) as supporting revenue diversification beyond the iPhone. Apple Inc. (AAPL) Focused on Service Monetization to Accelerate Revenue Growth
- Neutral Sentiment: Apple’s 50th anniversary generated broad retrospectives on its franchise and strategy; such coverage supports brand strength but raises scrutiny on AI execution and succession planning. Apple’s 50-year journey from garage to tech titan
- Neutral Sentiment: Apple released a firmware update for AirTag 2 (3.0.45) — routine product maintenance that matters for customer trust but has limited direct impact on revenue. Apple just changed AirTag 2’s anti-stalking feature – 9to5Mac
- Neutral Sentiment: D. E. Shaw trimmed its AAPL holding — a portfolio move that may reflect rebalancing rather than fundamental conviction change. Apple Inc. (AAPL): D. E. Shaw Trims Holding
- Negative Sentiment: Iran’s IRGC publicly threatened U.S. tech firms, including Apple — geopolitical risk can pressure shares via supply?chain, regional operations or investor risk premia. Iran threatens Nvidia, Apple and other tech giants with attack
- Negative Sentiment: A final court ruling upheld Xiao?I Corp patents in a dispute with Apple — adverse IP decisions can lead to damages, licensing costs or operational restrictions in key markets. Xiao-I Corp. Wins Final Supreme Court Ruling Upholding Patents in Apple Dispute
- Negative Sentiment: Apple’s fitness chief is retiring amid harassment allegations — a reputational and leadership headwind for the services/wearables business. Apple’s Fitness Chief, Who Was Accused of Harassment, Is Retiring
About Apple
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.
Further Reading
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