PeakShares LLC Buys 1,713 Shares of Apple Inc. $AAPL

PeakShares LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 41.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,885 shares of the iPhone maker’s stock after acquiring an additional 1,713 shares during the period. Apple accounts for about 1.4% of PeakShares LLC’s portfolio, making the stock its 21st largest position. PeakShares LLC’s holdings in Apple were worth $1,494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AAPL. Lifetime Wealth Management P.C. acquired a new stake in Apple in the 4th quarter valued at $41,000. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Timmons Wealth Management LLC purchased a new position in Apple during the fourth quarter worth about $69,000. LSV Asset Management bought a new stake in Apple in the 4th quarter worth about $65,000. Finally, Inspire Investing LLC bought a new stake in Apple in the 4th quarter worth about $76,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record June-quarter revenue of $109.4 billion, up 16.4% year over year, and diluted EPS of $2.02, exceeding Wall Street expectations. iPhone revenue rose 22% to $54.3 billion, while Mac revenue increased 29% to $10.4 billion. Apple reports third quarter results
• Positive Sentiment: Apple’s large installed base, strong hardware demand and potential consumer-AI opportunities remain long-term supports. Some analysts remain bullish: TD Cowen raised its price target to $400, while other firms maintained Buy or Overweight ratings despite trimming estimates. Analyst raises Apple price target
• Positive Sentiment: The company declared a quarterly dividend of $0.27 per share, payable August 13 to shareholders of record August 10. Apple also continues to emphasize an AI strategy that requires less capital spending than the infrastructure-heavy approach used by some peers. Apple Q3 financial results

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction on 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 directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AAPL shares. HSBC upgraded shares of Apple from a “hold” rating to a “buy” rating and increased their price objective for the company from $260.00 to $366.00 in a research note on Thursday, July 16th. JPMorgan Chase & Co. reduced their target price on Apple from $345.00 to $340.00 and set an “overweight” rating for the company in a report on Friday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday. Wedbush reiterated an “outperform” rating and set a $400.00 price target on shares of Apple in a report on Friday, June 5th. Finally, KeyCorp reissued an “underweight” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $331.60.

Apple Stock Down 7.4%

AAPL opened at $308.91 on Friday. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $344.57. The company’s 50-day moving average price is $309.51 and its two-hundred day moving average price is $281.45. The stock has a market cap of $4.54 trillion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.67 and a beta of 1.10. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 142.29%. Apple’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. As a group, equities analysts expect that Apple Inc. will post 8.8 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Apple’s dividend payout ratio is 12.39%.

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.