Vertrix Wealth Management LLC Makes New $8.16 Million Investment in Apple Inc. $AAPL

Posted by Amy Steele on Jul 12th, 2026

Vertrix Wealth Management LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) during the first quarter, HoldingsChannel reports. The institutional investor bought 32,155 shares of the iPhone maker’s stock, valued at approximately $8,161,000. Apple accounts for 3.0% of Vertrix Wealth Management LLC’s portfolio, making the stock its 7th biggest position.

Several other hedge funds also recently modified their holdings of AAPL. Vanguard Group Inc. grew its holdings in Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. State Street Corp grew its stake in shares of Apple by 1.1% during the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock worth $164,218,801,000 after purchasing an additional 6,555,392 shares during the period. Geode Capital Management LLC increased its holdings in Apple by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock valued at $97,031,587,000 after purchasing an additional 1,866,103 shares during the last quarter. Morgan Stanley lifted its stake in Apple by 0.6% in the fourth quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock valued at $62,659,118,000 after buying an additional 1,379,651 shares during the period. Finally, Norges Bank bought a new position in Apple during the fourth quarter worth about $52,266,468,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.3%

Shares of NASDAQ:AAPL traded down $0.90 during trading on Friday, hitting $315.32. 34,104,441 shares of the company’s stock traded hands, compared to its average volume of 60,736,044. 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 company has a 50-day moving average price of $299.55 and a 200-day moving average price of $275.26. Apple Inc. has a 52 week low of $201.50 and a 52 week high of $317.40. The company has a market cap of $4.63 trillion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 2.74 and a beta of 1.10.

Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results 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 analysts’ expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.Apple’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 EPS. As a group, research analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given 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 dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. Apple’s payout ratio is currently 13.06%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Apple in a research note on Tuesday, June 9th. Rosenblatt Securities reissued a “neutral” rating and set a $276.00 price objective on shares of Apple in a research note on Tuesday, June 9th. Jefferies Financial Group restated a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Tuesday, June 9th. Finally, Wedbush reiterated an “outperform” rating and issued a $400.00 target price on shares of Apple in a report on Friday, June 5th. One research 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 stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $314.85.

Check Out Our Latest Stock Report on AAPL

Insider Buying and Selling at Apple

In related news, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 2,924 shares of company stock valued at $825,546 in the last three months. 0.06% of the stock is owned by insiders.

More Apple News

Here are the key news stories impacting Apple this week:

Positive Sentiment: Apple’s new lawsuit against OpenAI could help protect its hardware roadmap and reinforce its control over proprietary technology, which may support its long-term competitive position. Reuters: Apple sues OpenAI, two former employees for trade secrets theft
Positive Sentiment: Recent headlines around Apple’s expanded multi-year chip deal with Broadcom continue to boost sentiment, since the agreement strengthens Apple’s supply chain, supports U.S. manufacturing, and deepens its custom silicon strategy. Yahoo Finance: Apple Secures Largest Ever US Chip Deal With Broadcom For $30 Billion
Neutral Sentiment: Apple was also named among approved U.S. companies eligible for license-free exports under eased UAE trade rules, which is supportive for international operations but not clearly a near-term stock catalyst. Quiver Quant: U.S. eases export controls on UAE
Neutral Sentiment: Short-interest data showed no meaningful change, suggesting today’s move is being driven more by news flow than by a shift in bearish positioning.
Negative Sentiment: The OpenAI lawsuit also highlights that Apple’s relationship with a major AI player has soured, adding uncertainty around future AI partnerships and potentially distracting management with litigation. Financial Times: Apple sues OpenAI, alleging it stole top-secret information

About Apple

(Free Report)

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.