Granite Bay Wealth Management LLC Has $10.27 Million Position in Apple Inc. $AAPL

Granite Bay Wealth Management LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 7.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,448 shares of the iPhone maker’s stock after purchasing an additional 2,961 shares during the quarter. Apple comprises 2.2% of Granite Bay Wealth Management LLC’s portfolio, making the stock its 12th largest holding. Granite Bay Wealth Management LLC’s holdings in Apple were worth $10,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Simplicity Wealth LLC raised its position in shares of Apple by 4.9% in the first quarter. Simplicity Wealth LLC now owns 107,322 shares of the iPhone maker’s stock valued at $27,237,000 after purchasing an additional 5,018 shares during the period. Candriam S.C.A. lifted its stake in shares of Apple by 4.5% in the first quarter. Candriam S.C.A. now owns 3,503,348 shares of the iPhone maker’s stock worth $889,115,000 after buying an additional 149,720 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. boosted its holdings in shares of Apple by 11.5% during the 1st quarter. Beacon Harbor Wealth Advisors Inc. now owns 33,387 shares of the iPhone maker’s stock worth $8,473,000 after buying an additional 3,456 shares during the period. Osprey Private Wealth LLC grew its stake in Apple by 19.3% in the 1st quarter. Osprey Private Wealth LLC now owns 34,148 shares of the iPhone maker’s stock valued at $8,666,000 after buying an additional 5,515 shares during the last quarter. Finally, Avid Wealth Partners LLC grew its stake in Apple by 15.9% in the 1st quarter. Avid Wealth Partners LLC now owns 7,215 shares of the iPhone maker’s stock valued at $1,831,000 after buying an additional 992 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Ford said it will embed Apple Maps into upcoming EVs, expanding Apple’s software reach and reinforcing the value of its ecosystem. Ford Embeds Apple Maps Directly into Upcoming EVs
• Positive Sentiment: Baird raised its price target on Apple and reiterated an Outperform rating, adding to bullish analyst momentum. Finviz
• Positive Sentiment: Commentary highlighted Apple as outperforming the broader market, supported by strong ratings and a favorable chart setup ahead of earnings. Why is Apple stock outperforming the broader market?
• Neutral Sentiment: Apple was also the subject of discussion around upcoming product launches, AI features, and a possible device-leasing program, which could support demand but remain unconfirmed or longer-term in nature.
• Negative Sentiment: Some reports noted concerns that Apple’s valuation is stretched heading into earnings, and insider sales plus short-interest chatter may temper enthusiasm if results disappoint.

Apple Stock Performance

NASDAQ AAPL opened at $333.02 on Friday. 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 capitalization of $4.89 trillion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 2.78 and a beta of 1.10. The company’s fifty day moving average is $306.62 and its two-hundred day moving average is $279.01. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 earnings per share. Equities research analysts forecast that Apple Inc. will post 8.76 EPS 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 paid a dividend of $0.27 per share. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio is presently 13.06%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AAPL. Wells Fargo & Company reissued an “overweight” rating and set a $310.00 target price (up from $300.00) on shares of Apple in a research report on Friday, May 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research note on Monday, June 8th. Jefferies Financial Group reissued a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Maxim Group restated a “buy” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $327.40.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction that occurred on 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by company 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.