Apple Inc. $AAPL is Manhattan West Asset Management LLC’s 7th Largest Position

Manhattan West Asset Management LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 3.6% in the 4th quarter, HoldingsChannel reports. The firm owned 60,189 shares of the iPhone maker’s stock after selling 2,225 shares during the quarter. Apple accounts for 3.3% of Manhattan West Asset Management LLC’s portfolio, making the stock its 7th biggest position. Manhattan West Asset Management LLC’s holdings in Apple were worth $16,363,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Blalock Williams LLC lifted its position in Apple by 2.9% during the 4th quarter. Blalock Williams LLC now owns 10,362 shares of the iPhone maker’s stock valued at $2,817,000 after acquiring an additional 295 shares during the period. Horizon Investments LLC lifted its position in Apple by 15.0% during the 4th quarter. Horizon Investments LLC now owns 610,554 shares of the iPhone maker’s stock valued at $165,985,000 after acquiring an additional 79,741 shares during the period. Acorn Creek Capital LLC lifted its position in Apple by 0.7% during the 4th quarter. Acorn Creek Capital LLC now owns 15,998 shares of the iPhone maker’s stock valued at $4,349,000 after acquiring an additional 116 shares during the period. Robertson Stephens Wealth Management LLC lifted its position in Apple by 23.9% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 509,692 shares of the iPhone maker’s stock valued at $138,565,000 after acquiring an additional 98,421 shares during the period. Finally, New England Capital Financial Advisors LLC lifted its position in Apple by 0.7% during the 4th quarter. New England Capital Financial Advisors LLC now owns 8,204 shares of the iPhone maker’s stock valued at $2,230,000 after acquiring an additional 57 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s upcoming WWDC is expected to showcase a major Siri AI overhaul and broader iOS AI upgrades, reinforcing expectations for a stronger AI product cycle. Apple to Unveil Siri’s AI Overhaul at June Conference
• Positive Sentiment: Analysts are increasingly bullish that Apple’s ecosystem could benefit from agentic AI, with Bank of America reportedly lifting its price target and pointing to user identity, payments, and app access as key advantages. Bank of America Raises Its Apple Stock Price Target to $380. Agentic AI Could Be the Upside Driver.
• Positive Sentiment: Multiple pieces highlight Apple as a momentum stock and suggest Apple Intelligence could drive iPhone and Mac upgrades, which supports the case for further revenue growth. Apple Intelligence Drives Up iPhone & Mac Sales: More Upside Ahead?
• Neutral Sentiment: Leak-driven coverage around the iPhone 18 Pro’s rumored colors and camera changes is generating buzz, but it is too early to be a major fundamental stock driver. iPhone 18 Pro dummy units reveal four color options [Gallery] – 9to5Mac
• Negative Sentiment: Some technical commentary warns Apple is approaching long-term resistance and may need a consolidation period after a strong run, which could limit near-term upside. Apple (AAPL) Faces $355 Barrier at Top of Its Multi-Year Uptrend Structure

Insider Activity

In other Apple news, SVP Deirdre O’brien sold 30,002 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president directly owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,759 shares of company stock valued at $24,964,305 in the last quarter. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Moffett Nathanson lifted their price target 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. Scotiabank set a $330.00 price target on shares of Apple in a research report on Monday, February 2nd. Bank of America reissued a “buy” rating and set a $380.00 price target (up from $330.00) on shares of Apple in a research report on Tuesday, May 26th. UBS Group set a $296.00 price target on shares of Apple and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Tigress Financial reissued a “strong-buy” rating and set a $375.00 price target (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $310.31.

Apple Price Performance

NASDAQ:AAPL opened at $312.06 on Monday. The firm has a market cap of $4.58 trillion, a P/E ratio of 37.73, a P/E/G ratio of 2.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a fifty-two week low of $195.07 and a fifty-two week high of $315.00. The firm has a 50-day simple moving average of $275.43 and a two-hundred day simple moving average of $270.06.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS. Analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio (DPR) is 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.