Apple Inc. $AAPL Shares Purchased by Diamant Asset Management Inc.

Diamant Asset Management Inc. raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 24,974.3% in the first quarter, HoldingsChannel.com reports. The firm owned 26,614,323 shares of the iPhone maker’s stock after buying an additional 26,508,181 shares during the period. Apple comprises about 22.3% of Diamant Asset Management Inc.’s investment portfolio, making the stock its biggest holding. Diamant Asset Management Inc.’s holdings in Apple were worth $6,754,449,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Sylvest Advisors LLC raised its stake in shares of Apple by 0.8% in the 1st quarter. Sylvest Advisors LLC now owns 18,048 shares of the iPhone maker’s stock worth $4,580,000 after buying an additional 145 shares in the last quarter. Boomfish Wealth Group LLC boosted its stake in Apple by 1.5% during the first quarter. Boomfish Wealth Group LLC now owns 17,645 shares of the iPhone maker’s stock valued at $4,478,000 after buying an additional 254 shares in the last quarter. Caldwell Trust Co boosted its stake in Apple by 0.9% during the first quarter. Caldwell Trust Co now owns 251,215 shares of the iPhone maker’s stock valued at $63,756,000 after buying an additional 2,154 shares in the last quarter. AGH Wealth Advisors LLC grew its holdings in Apple by 2.2% during the first quarter. AGH Wealth Advisors LLC now owns 21,704 shares of the iPhone maker’s stock worth $5,508,000 after acquiring an additional 477 shares during the period. Finally, BKM Wealth Management LLC grew its holdings in Apple by 2.9% during the first quarter. BKM Wealth Management LLC now owns 46,324 shares of the iPhone maker’s stock worth $11,757,000 after acquiring an additional 1,305 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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.

Analysts Set New Price Targets

AAPL has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Wells Fargo & Company reiterated an “overweight” rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a report on Friday, May 1st. Barclays reissued an “underweight” rating on shares of Apple in a research note on Tuesday, June 9th. Needham & Company LLC restated a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Finally, Monness Crespi & Hardt lifted their price target on shares of Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $314.85.

Apple Trading Up 1.3%

Shares of AAPL opened at $312.66 on Tuesday. The business’s 50-day moving average price is $295.25 and its 200 day moving average price is $273.84. 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 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. Apple Inc. has a 1-year low of $201.50 and a 1-year high of $317.40.

Apple (NASDAQ:AAPL) last posted 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. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were given a $0.27 dividend. This is a boost from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s payout ratio is currently 13.06%.

Insider Activity at Apple

In other Apple news, insider Ben Borders sold 116 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at $3,675,650. The trade was a 10.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 2,924 shares of company stock valued at $825,546. 0.06% of the stock is owned by insiders.

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.