Scott & Selber Inc. Has $29.87 Million Stock Position in Apple Inc. $AAPL

Scott & Selber Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,885 shares of the iPhone maker’s stock after selling 3,215 shares during the period. Apple accounts for approximately 7.5% of Scott & Selber Inc.’s holdings, making the stock its 2nd largest position. Scott & Selber Inc.’s holdings in Apple were worth $29,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AAPL. Isthmus Partners LLC raised its stake in shares of Apple by 6.4% in the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock worth $25,000 after buying an additional 5,808 shares during the period. Sellwood Investment Partners LLC grew its stake in shares of Apple by 110.9% during the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC increased its holdings in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares in the last quarter. LSV Asset Management purchased a new stake in Apple in the 4th quarter worth approximately $65,000. Finally, 49 Wealth Management LLC raised its stake in Apple by 15.7% during the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker’s stock worth $76,000 after acquiring an additional 40,543 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on AAPL. JPMorgan Chase & Co. upped their price target on shares of Apple from $315.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research report on Monday, March 2nd. KeyCorp restated a “sector weight” rating on shares of Apple in a research note on Thursday, March 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Apple in a report on Monday, December 29th. Finally, Loop Capital reiterated a “buy” rating and issued a $325.00 price target (up from $315.00) on shares of Apple in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $297.58.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone demand in China remains robust, with Apple taking share as some Android rivals face pricing and inventory pressure — a direct revenue/cycle tailwind for AAPL. iPhone Demand Holds Strong in China
• Positive Sentiment: Wedbush and other outlets see WWDC/June events as potential catalysts; Wedbush reiterated Outperform ratings that support the view of near-term upside if new software/hardware impress. Wedbush: This June Will Be a Huge Month for Apple
• Positive Sentiment: Apple is staffing up for AI and plans a more capable Siri/standalone app and App Store–centric AI approach — moves that could bolster services revenue and device differentiation over time. Hiring of Google’s Lilian Rincon to lead AI marketing signals commitment. Apple Recruits Google Shopping Exec to Lead AI Marketing
• Neutral Sentiment: Apple’s 50th-anniversary events and retrospective coverage boost brand momentum and PR but are unlikely to move fundamentals immediately. Apple Celebrates 50 Years
• Neutral Sentiment: Options and derivatives flows show traders positioning for a near-term inflection — volatility is elevated and could amplify moves in either direction. Apple Stock at a Crossroads: Options Traders
• Negative Sentiment: Tech sector weakness/market-wide selloff is pressuring AAPL along with peers — broader risk-off is the dominant near-term driver of today’s decline. Sector Update: Tech Stocks Fall
• Negative Sentiment: A UK fine was levied on an Apple subsidiary for breaching Russian sanctions — a modest financial hit but a reminder of geographies/regulatory risk. Apple subsidiary fined for breaching Russian sanctions
• Negative Sentiment: Negative takes and forecasts (including pieces predicting Apple underperformance vs. other mega-caps) are contributing to headline risk and investor caution. Prediction: Apple Will Be the Worst “Magnificent Seven” Stock

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $246.63 on Tuesday. The stock has a market capitalization of $3.62 trillion, a P/E ratio of 31.18, a PEG ratio of 2.36 and a beta of 1.10. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $260.06 and a two-hundred day simple moving average of $263.04.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.17. The business had revenue of $143.76 billion for the quarter, compared to the consensus estimate of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 earnings per share. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s dividend payout ratio is presently 13.15%.

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.