Apple Inc. $AAPL Stake Boosted by Goodman Advisory Group LLC

Goodman Advisory Group LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.0% during the first quarter, HoldingsChannel.com reports. The fund owned 37,820 shares of the iPhone maker’s stock after buying an additional 2,815 shares during the period. Apple accounts for about 2.5% of Goodman Advisory Group LLC’s holdings, making the stock its 10th largest holding. Goodman Advisory Group LLC’s holdings in Apple were worth $9,598,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AAPL. Foundry Financial LLC raised its holdings in Apple by 12.6% in the 1st quarter. Foundry Financial LLC now owns 2,402 shares of the iPhone maker’s stock valued at $609,000 after acquiring an additional 268 shares during the last quarter. Citrine Capital LLC boosted its holdings in shares of Apple by 52.3% during the 1st quarter. Citrine Capital LLC now owns 5,584 shares of the iPhone maker’s stock worth $1,417,000 after purchasing an additional 1,918 shares during the last quarter. Montgomery Investment Management Inc. boosted its holdings in shares of Apple by 0.4% during the 1st quarter. Montgomery Investment Management Inc. now owns 49,080 shares of the iPhone maker’s stock worth $12,456,000 after purchasing an additional 200 shares during the last quarter. Trilogy Capital Inc. grew its position in shares of Apple by 1.5% in the first quarter. Trilogy Capital Inc. now owns 40,138 shares of the iPhone maker’s stock valued at $10,187,000 after purchasing an additional 577 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of Apple by 2.5% in the first quarter. Pictet Asset Management Holding SA now owns 9,059,616 shares of the iPhone maker’s stock valued at $2,298,860,000 after purchasing an additional 224,720 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple extended its long-running Broadcom chip partnership through 2031, supporting its custom AI chip and device roadmap and reinforcing supply-chain stability for future products. Broadcom, Apple extend chip supply deal through 2031
• Positive Sentiment: Reports that Apple is planning a first foldable iPhone and an “Ultra” tier have added fresh growth catalysts, with analysts arguing the premium devices could drive upgrades and pricing power. Is Apple (AAPL) Already Priced In Following Its Broadcom Deal And New iPhone Plans?
• Positive Sentiment: Commentary around a high-priced foldable iPhone suggests demand could be strong despite the steep tag, which supports bullish expectations for Apple’s premium product mix. Apple’s $2,500 foldable iPhone could sell out instantly
• Neutral Sentiment: Some analysts warn the first foldable iPhone may face limited supply and launch delays, which could temper near-term enthusiasm even if long-term demand remains intact. AAPL Stock Dips Premarket: Analyst Warns Foldable iPhone Supply Issues Could Blow September Launch Window
• Negative Sentiment: There is also skepticism that the foldable iPhone alone can reignite Apple’s growth rate, suggesting investors may be debating whether the recent rally has already priced in the upside. Apple Plans Major Updates to iPad Pro and MacBook Pro for 2027. It’s Not Enough to Reignite Growth.

Apple Stock Up 1.3%

Shares of NASDAQ AAPL opened at $312.66 on Tuesday. The company has a market capitalization of $4.59 trillion, a P/E ratio of 37.81, a P/E/G ratio of 2.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The company has a 50 day simple moving average of $295.25 and a 200-day simple moving average of $273.84. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $317.40.

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

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.27 dividend. This is a boost 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 dividend yield of 0.3%. Apple’s dividend payout ratio is currently 13.06%.

Insider Buying and Selling at Apple

In related news, insider Ben Borders sold 1,274 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevan Parekh sold 1,534 shares of the company’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 completion of the transaction, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. The trade was a 10.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,924 shares of company stock worth $825,546. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $276.00 price objective on shares of Apple in a research report on Tuesday, June 9th. KeyCorp reissued a “sector weight” rating on shares of Apple in a research note on Tuesday, June 9th. Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a report on Monday, June 8th. DA Davidson reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Apple in a research note on Friday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Apple in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $314.85.

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.