Apple Inc. $AAPL is DMC Group LLC’s Largest Position

DMC Group LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 9.2% in the first quarter, HoldingsChannel reports. The firm owned 57,819 shares of the iPhone maker’s stock after buying an additional 4,872 shares during the quarter. Apple makes up approximately 9.9% of DMC Group LLC’s holdings, making the stock its biggest holding. DMC Group LLC’s holdings in Apple were worth $14,674,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Costello Asset Management INC raised its stake in shares of Apple by 0.5% in the first quarter. Costello Asset Management INC now owns 90,387 shares of the iPhone maker’s stock valued at $22,939,000 after acquiring an additional 429 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of Apple by 5.3% during the first quarter. Whipplewood Advisors LLC now owns 13,748 shares of the iPhone maker’s stock worth $3,489,000 after purchasing an additional 693 shares in the last quarter. Graetz Wealth LLC boosted its position in shares of Apple by 4.5% during the 1st quarter. Graetz Wealth LLC now owns 1,923 shares of the iPhone maker’s stock worth $488,000 after acquiring an additional 83 shares in the last quarter. Range Financial Group LLC boosted its position in shares of Apple by 2.5% during the 1st quarter. Range Financial Group LLC now owns 8,425 shares of the iPhone maker’s stock worth $2,138,000 after acquiring an additional 209 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its position in shares of Apple by 2.2% during the 1st quarter. Waterfront Wealth Inc. now owns 51,267 shares of the iPhone maker’s stock worth $13,011,000 after acquiring an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity

In related news, insider Ben Borders sold 116 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Ford will integrate Apple Maps and Apple software into upcoming lower-cost EVs and self-driving features, expanding Apple’s automotive footprint and creating another potential platform for its services ecosystem. Ford Will Use Apple Software in New Self-Driving System
• Positive Sentiment: Reports that Apple is preparing a smarter shopping assistant for the App Store and testing a more AI-driven buying experience suggest new ways to improve commerce, engagement, and monetization across its ecosystem. Apple Tests Smarter Shopping Experience
• Positive Sentiment: Wall Street sentiment remains constructive in places, with Morgan Stanley reportedly raising its Apple target and several pieces arguing Apple could be an underappreciated AI beneficiary as it readies new Macs, iMacs, and other hardware built for AI demand. Apple Plans To Overhaul Computers to Meet AI Demand
• Neutral Sentiment: Samsung’s new foldables and the broader “AI hardware” race are keeping Apple in the spotlight, but the news is mostly competitive context rather than a direct near-term catalyst.
• Negative Sentiment: Apple lost a key court bid, leaving a $634 million Apple Watch blood-oxygen patent verdict in place, which keeps legal overhangs alive and could raise investor concern about additional costs or product restrictions. Apple Fails to Overturn $634 Million Masimo Verdict
• Negative Sentiment: Multiple market notes point to Apple’s valuation being rich and the stock being vulnerable to volatility into earnings, with some analysts warning that momentum may be peaking after a strong run.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wedbush restated an “outperform” rating and issued a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Apple in a research note on Wednesday, July 15th. BNP Paribas Exane raised shares of Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price target for the company in a report on Friday, April 17th. Jefferies Financial Group restated a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $310.00 price target (up from $300.00) on shares of Apple in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.83.

Apple Trading Down 1.3%

Apple stock opened at $321.66 on Friday. The stock has a market cap of $4.72 trillion, a PE ratio of 38.89, a P/E/G ratio of 2.81 and a beta of 1.10. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $305.96 and a 200 day moving average price of $278.63. Apple Inc. has a 52 week low of $201.50 and a 52 week high of $334.99.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business 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 firm posted $1.65 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Increases Dividend

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