Able Wealth Management LLC Has $4.45 Million Holdings in Apple Inc. $AAPL

Able Wealth Management LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1,377.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,538 shares of the iPhone maker’s stock after buying an additional 16,351 shares during the quarter. Apple comprises approximately 1.2% of Able Wealth Management LLC’s investment portfolio, making the stock its 29th largest holding. Able Wealth Management LLC’s holdings in Apple were worth $4,451,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Heritage Oak Wealth Advisors LLC boosted its stake in Apple by 6.2% during the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 17,478 shares of the iPhone maker’s stock valued at $4,436,000 after purchasing an additional 1,023 shares during the last quarter. TSG Advice Partners LLC boosted its position in shares of Apple by 3.2% during the first quarter. TSG Advice Partners LLC now owns 66,812 shares of the iPhone maker’s stock valued at $16,956,000 after buying an additional 2,098 shares during the last quarter. Center for Wealth Management Advisory boosted its position in shares of Apple by 0.4% during the first quarter. Center for Wealth Management Advisory now owns 15,584 shares of the iPhone maker’s stock valued at $3,955,000 after buying an additional 66 shares during the last quarter. BetterWealth LLC grew its holdings in Apple by 32.7% during the first quarter. BetterWealth LLC now owns 175,212 shares of the iPhone maker’s stock worth $44,467,000 after buying an additional 43,131 shares in the last quarter. Finally, Reliant Investment Management LLC grew its holdings in Apple by 0.9% during the first quarter. Reliant Investment Management LLC now owns 43,715 shares of the iPhone maker’s stock worth $11,094,000 after buying an additional 410 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. KGI Securities cut Apple from an “outperform” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Monday, June 22nd. Robert W. Baird set a $310.00 target price on shares of Apple in a report on Friday, May 1st. DA Davidson reiterated a “neutral” rating and issued a $270.00 target price on shares of Apple in a report on Friday, May 1st. Tigress Financial reissued a “strong-buy” rating and set a $375.00 price target (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Finally, Barclays restated an “underweight” rating on shares of Apple in a report on Tuesday, June 9th. One 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 given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $316.32.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Citi raised its price target on Apple to $365 from $315 and kept a Buy rating, saying Apple should keep gaining market share and may benefit from premium iPhone demand, selective price increases, and an upcoming iPhone 18 launch as a catalyst. Article Title
• Positive Sentiment: Several reports highlighted Apple’s stock hitting record highs, with analysts arguing the company is benefiting from relative restraint on AI spending versus peers and that investors still see more upside after the recent rally. Article Title
• Positive Sentiment: Apple was also tied to a reported acquisition of open-source observability developer SigScalr, which could support its internal data and software tooling efforts. Article Title
• Neutral Sentiment: News that Apple sued OpenAI over alleged trade-secret theft is generating headlines and could help Apple strategically if it protects future AI hardware plans, but it also adds legal uncertainty and keeps pressure on the company’s AI narrative. Article Title
• Neutral Sentiment: Commentary around Apple’s AI strategy, including reports that it may accelerate chip releases, reflects investor focus on whether the company can keep up in AI-enabled hardware without ramping spending as aggressively as rivals. Article Title
• Negative Sentiment: The OpenAI lawsuit could intensify Apple’s legal battles, including renewed scrutiny of App Store fees and broader competitive risks, which may create headline volatility even if the core business remains strong. Article Title

Insiders Place Their Bets

In related 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 value of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 business’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 completion of the sale, the chief financial officer owned 13,366 shares in the company, valued at $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 sold 2,924 shares of company stock valued at $825,546 over the last three months. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.6%

Shares of Apple stock opened at $317.31 on Tuesday. The firm has a market cap of $4.66 trillion, a PE ratio of 38.37, a P/E/G ratio of 2.74 and a beta of 1.10. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $323.45. 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 stock has a fifty day moving average price of $300.47 and a 200-day moving average price of $275.60.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 earnings per share. Equities research analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a $0.27 dividend. This is an increase from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. Apple’s dividend payout ratio (DPR) is 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.