Professional Financial Solutions LLC ADV Buys Shares of 6,108 Apple Inc. $AAPL

Professional Financial Solutions LLC ADV purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,108 shares of the iPhone maker’s stock, valued at approximately $1,661,000. Apple comprises about 1.6% of Professional Financial Solutions LLC ADV’s portfolio, making the stock its 14th biggest holding.

A number of other large investors have also recently made changes to their positions in AAPL. Sellwood Investment Partners LLC lifted its holdings in Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC grew its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares during the period. Timmons Wealth Management LLC purchased a new stake in shares of Apple during the 4th quarter valued at about $69,000. LSV Asset Management bought a new position in shares of Apple in the 4th quarter worth approximately $65,000. Finally, Inspire Investing LLC purchased a new position in shares of Apple in the fourth quarter worth approximately $76,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley set a $325.00 target price on shares of Apple in a research report on Tuesday, June 9th. Barclays reiterated an “underweight” rating on shares of Apple in a research note on Tuesday, June 9th. Jefferies Financial Group reissued a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Tigress Financial restated a “strong-buy” rating and issued a $375.00 price objective (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $314.59.

Apple Stock Performance

AAPL opened at $298.01 on Friday. The company has a 50 day simple moving average of $288.95 and a two-hundred day simple moving average of $272.80. 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 firm has a market cap of $4.38 trillion, a P/E ratio of 36.04, a PEG ratio of 2.58 and a beta of 1.09. Apple Inc. has a 1-year low of $196.85 and a 1-year high of $317.40.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.65 EPS. Equities analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a $0.27 dividend. The ex-dividend date was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is presently 13.06%.

Insiders Place Their Bets

In other news, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares of the company’s stock, valued at $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction dated Thursday, April 23rd. The stock was 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 of the company’s stock, valued at $3,675,650. This represents a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 97,875 shares of company stock valued at $24,998,541 over the last three months. Insiders own 0.06% of the company’s stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reiterated a Buy rating on Apple and kept a $380 price target, citing Apple’s pricing power, strong supply-chain position, and ability to manage rising memory costs. Article Title
• Positive Sentiment: President Trump said Apple will work with Intel to design and build chips in the U.S., raising hopes for a domestic supply-chain boost and stronger strategic positioning for Apple. Article Title
• Positive Sentiment: Analysts said Apple is relatively well positioned to weather the AI-driven memory shortage because of its scale, inventory, and supplier relationships, which may help protect hardware margins. Article Title
• Neutral Sentiment: Apple reportedly plans to raise prices across its product lineup, which could support margins but may also weigh on consumer demand if the increases are too large. Article Title
• Neutral Sentiment: Apple is also reportedly developing new AI wearables and a foldable iPhone for 2027, which supports the long-term product pipeline but is unlikely to affect near-term earnings. Article Title
• Negative Sentiment: Italy opened a Digital Markets Act probe into Apple’s cloud interoperability practices, adding another regulatory risk for the company in Europe. Article Title

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.