Financial Futures Ltd Liability Co. Purchases 3,215 Shares of Apple Inc. $AAPL

Financial Futures Ltd Liability Co. boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 89.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,827 shares of the iPhone maker’s stock after acquiring an additional 3,215 shares during the quarter. Apple accounts for about 0.8% of Financial Futures Ltd Liability Co.’s holdings, making the stock its 26th biggest position. Financial Futures Ltd Liability Co.’s holdings in Apple were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Overbrook Management Corp lifted its position in shares of Apple by 57.4% during the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock valued at $28,449,000 after purchasing an additional 38,174 shares in the last quarter. Rainier Family Wealth Inc. grew its position in Apple by 14.1% in the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker’s stock worth $6,189,000 after purchasing an additional 3,014 shares in the last quarter. Torren Management LLC bought a new stake in Apple in the 4th quarter worth about $1,178,000. Summit Wealth Partners LLC increased its stake in Apple by 108.3% in the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker’s stock valued at $8,880,000 after buying an additional 18,188 shares during the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp purchased a new stake in Apple in the 4th quarter valued at about $105,482,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Headlines 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 Trading Up 1.3%

Shares of AAPL stock opened at $312.66 on Tuesday. The company’s fifty day simple moving average is $295.25 and its two-hundred day simple moving average is $273.84. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $317.40. The stock has a market capitalization of $4.59 trillion, a price-to-earnings ratio of 37.81, a PEG ratio of 2.68 and a beta of 1.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) 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 firm had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same quarter in the prior year, the business posted $1.65 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a dividend of $0.27 per share. 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 dividend on an annualized basis and a yield of 0.3%. Apple’s payout ratio is currently 13.06%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AAPL shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $276.00 price target on shares of Apple in a research report on Tuesday, June 9th. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research report on Monday, June 8th. Bank of America reaffirmed a “buy” rating and issued a $380.00 price target on shares of Apple in a report on Thursday, June 18th. Maxim Group reiterated a “buy” rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $314.85.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of Apple stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,924 shares of company stock worth $825,546 in the last three months. 0.06% of the stock is currently owned by insiders.

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.