Apple Inc. $AAPL is Atalanta Sosnoff Capital LLC’s 3rd Largest Position

Atalanta Sosnoff Capital LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,444,610 shares of the iPhone maker’s stock after acquiring an additional 39,213 shares during the quarter. Apple comprises approximately 7.7% of Atalanta Sosnoff Capital LLC’s portfolio, making the stock its 3rd biggest holding. Atalanta Sosnoff Capital LLC’s holdings in Apple were worth $392,732,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Vistica Wealth Advisors LLC purchased a new position in shares of Apple in the fourth quarter valued at $807,000. Tillman Hartley LLC increased its position in shares of Apple by 20.2% in the fourth quarter. Tillman Hartley LLC now owns 8,538 shares of the iPhone maker’s stock valued at $2,321,000 after buying an additional 1,433 shares in the last quarter. Allianz SE increased its position in shares of Apple by 0.9% in the fourth quarter. Allianz SE now owns 609,786 shares of the iPhone maker’s stock valued at $165,776,000 after buying an additional 5,291 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Apple by 5.5% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 403,403 shares of the iPhone maker’s stock valued at $109,674,000 after acquiring an additional 21,023 shares during the last quarter. Finally, SVRN Asset Management LLC acquired a new stake in Apple in the 4th quarter worth about $1,416,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other Apple news, CFO Kevan Parekh sold 1,534 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the transaction, the chief financial officer owned 13,366 shares of the company’s stock, valued at $3,675,650. This represents a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Deirdre O’brien sold 30,002 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total value of $7,661,010.70. Following the completion of the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 97,759 shares of company stock worth $24,964,305. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research analyst reports. Robert W. Baird set a $310.00 price target on Apple in a research note on Friday, May 1st. Evercore restated an “outperform” rating on shares of Apple in a report on Monday. TD Cowen raised their target price on Apple from $335.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday. Tigress Financial restated a “strong-buy” rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a report on Thursday, May 14th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Apple in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $314.59.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Services business posted record revenue in the fiscal second quarter, supported by ecosystem growth, AI-related updates, and its huge installed device base. Apple Continues to Expand Services Business: What’s the Path Ahead?
• Positive Sentiment: Several commentators said Apple still has strong fundamentals, including a solid balance sheet, loyal customer base, and products investors continue to love, which supports the long-term bull case. Jim Cramer on Apple: “It Still Has Products We All Love”
• Positive Sentiment: Analysts at Erste Group Bank raised their earnings estimates for Apple, signaling expectations for steady profit growth over the next two fiscal years. Apple earnings estimate update
• Neutral Sentiment: Apple’s WWDC announcements showed a clearer AI roadmap, including next-generation Siri features and device software updates, but the market appears to be waiting for stronger evidence that these changes will drive meaningful revenue growth. Apple Unveils Siri AI. Here’s Why It’s Not Impressing Investors
• Neutral Sentiment: Some coverage suggested Apple’s AI launch could help the stock over time, but it may take more than Siri upgrades alone to restore investor enthusiasm. Apple Just Gave Investors a Glimpse of Is AI Future at WWDC. It May Take More to Revive AAPL Stock.
• Negative Sentiment: Investors are worried Apple’s AI ambitions are colliding with a memory-cost crunch, creating pricing pressure that could weigh on margins. Apple Faces a No-Win Pricing Dilemma. Should Investors Be Worried?
• Negative Sentiment: Multiple reports say the market was disappointed that Apple’s Siri AI reveal did not feel like a big enough breakthrough to justify a sharper rerating of the stock. Apple’s AI News Underwhelms. Siri AI Release Concerns Persist.

Apple Price Performance

NASDAQ AAPL opened at $291.13 on Friday. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $317.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a market capitalization of $4.28 trillion, a PE ratio of 35.20, a P/E/G ratio of 2.57 and a beta of 1.09. The stock has a 50-day simple moving average of $285.64 and a 200 day simple moving average of $272.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a $0.27 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple’s payout ratio is currently 13.06%.

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.