Apple Inc. $AAPL Shares Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 120,972 shares of the iPhone maker’s stock after buying an additional 2,499 shares during the quarter. Apple comprises about 4.0% of Parr Mcknight Wealth Management Group LLC’s portfolio, making the stock its 2nd largest holding. Parr Mcknight Wealth Management Group LLC’s holdings in Apple were worth $30,702,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. GHE LLC grew its stake in Apple by 321.2% in the 1st quarter. GHE LLC now owns 6,764 shares of the iPhone maker’s stock valued at $1,717,000 after buying an additional 5,158 shares during the last quarter. Vantage Point Financial LLC boosted its holdings in shares of Apple by 3.1% during the first quarter. Vantage Point Financial LLC now owns 22,430 shares of the iPhone maker’s stock worth $5,693,000 after acquiring an additional 678 shares during the period. Arbejdsmarkedets Tillaegspension grew its position in shares of Apple by 3,759.2% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 100,686 shares of the iPhone maker’s stock valued at $25,553,000 after purchasing an additional 98,077 shares during the last quarter. AMF Tjanstepension AB grew its position in shares of Apple by 1.8% in the first quarter. AMF Tjanstepension AB now owns 3,258,851 shares of the iPhone maker’s stock valued at $827,064,000 after purchasing an additional 56,254 shares during the last quarter. Finally, Hibernia Wealth Partners LLC increased its stake in shares of Apple by 9.8% during the first quarter. Hibernia Wealth Partners LLC now owns 7,206 shares of the iPhone maker’s stock worth $1,829,000 after purchasing an additional 642 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Market-cap leadership and momentum: Apple reclaimed the title of the world’s largest company as Nvidia shares declined. The move reinforces investor confidence in Apple’s resilient consumer business and has made AAPL a relative outperformer among major technology stocks. Apple ends day as world’s most valuable company, passing Nvidia
• Positive Sentiment: Earnings optimism: Apple reports results on July 30, with analysts expecting continued iPhone demand, Services growth, and potentially strong Mac revenue. Goldman Sachs raised its price target and expects performance above consensus on iPhone and Mac sales, while Bank of America anticipates a Services-driven earnings beat. Goldman Raises Apple Stock Price Target
• Positive Sentiment: Investor positioning: Options activity indicates traders are preparing for a sizable upward move following earnings. The stock has risen about 20% from its late-June low, reflecting elevated expectations for the report and Apple’s product ecosystem. Apple options are doing something unusual into earnings
• Neutral Sentiment: Future product catalysts: Apple is reportedly emphasizing privacy as it develops smart glasses for a potential 2027 launch, while investors continue to speculate about a foldable iPhone and incoming CEO John Ternus’s ability to drive the next major product cycle. Apple Puts Privacy at Center of Smart Glasses Push
• Negative Sentiment: AI execution concerns: Investors remain divided over Apple’s comparatively restrained AI spending and strategy, particularly as rivals commit hundreds of billions of dollars to AI infrastructure. A disappointing outlook or evidence that Apple is falling behind could pressure the stock after its strong run. Apple Is Barely Spending on AI
• Negative Sentiment: Valuation and component-cost risks: At roughly 41 times earnings, Apple has limited room for an earnings miss. Potential tariffs and higher memory-chip prices could increase iPhone production costs and compress hardware margins, although Apple is reportedly seeking permission to use Chinese memory components in international devices. Apple stock and memory-cost analysis

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AAPL shares. Maxim Group reissued a “buy” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. Evercore reiterated an “outperform” rating on shares of Apple in a research report on Wednesday, July 8th. UBS Group set a $365.00 target price on Apple in a report on Tuesday, July 21st. DA Davidson reissued a “neutral” rating and issued a $270.00 target price on shares of Apple in a research report on Friday, May 1st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $327.40.

Insider Transactions at Apple

In related news, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at $11,226,770. This represents a 3.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $336.91 on Tuesday. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $339.57. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $307.40 and its 200 day simple moving average is $279.61. The firm has a market capitalization of $4.95 trillion, a PE ratio of 40.74, a price-to-earnings-growth ratio of 2.88 and a beta of 1.10.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. The firm had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.65 earnings per share. On average, analysts anticipate that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Increases Dividend

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

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.