Silverlake Wealth Management LLC Sells 2,212 Shares of Apple Inc. $AAPL

Silverlake Wealth Management LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,918 shares of the iPhone maker’s stock after selling 2,212 shares during the quarter. Apple accounts for 3.6% of Silverlake Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Silverlake Wealth Management LLC’s holdings in Apple were worth $16,289,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Congress Asset Management Co. raised its position in Apple by 16.2% during the fourth quarter. Congress Asset Management Co. now owns 1,643,557 shares of the iPhone maker’s stock valued at $446,817,000 after purchasing an additional 229,069 shares in the last quarter. Overbrook Management Corp boosted its holdings in shares of Apple by 57.4% in the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock valued at $28,449,000 after purchasing an additional 38,174 shares in the last quarter. Clear Trail Advisors LLC bought a new position in shares of Apple in the 4th quarter valued at $21,946,000. Carderock Capital Management Inc. increased its stake in shares of Apple by 12.7% in the 4th quarter. Carderock Capital Management Inc. now owns 51,335 shares of the iPhone maker’s stock valued at $13,956,000 after purchasing an additional 5,805 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Apple by 122.5% during the 4th quarter. SG Americas Securities LLC now owns 12,588,384 shares of the iPhone maker’s stock worth $3,422,278,000 after buying an additional 6,931,227 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 0.9%

Shares of AAPL stock opened at $246.63 on Tuesday. The firm has a market capitalization of $3.62 trillion, a P/E ratio of 31.18, a P/E/G ratio of 2.36 and a beta of 1.10. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $288.62. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The stock’s fifty day simple moving average is $260.06 and its 200 day simple moving average is $263.04.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The business had revenue of $143.76 billion during the quarter, compared to analysts’ expectations of $138.25 billion. During the same quarter in the prior year, the firm earned $2.40 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is currently 13.15%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Apple in a research report on Monday, December 29th. Maxim Group upgraded Apple from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Friday, January 30th. CLSA boosted their target price on Apple from $265.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. DA Davidson reissued a “neutral” rating and issued a $270.00 target price on shares of Apple in a report on Friday, January 30th. Finally, Stephens set a $315.00 price target on shares of Apple in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $297.58.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone demand in China remains robust, with Apple taking share as some Android rivals face pricing and inventory pressure — a direct revenue/cycle tailwind for AAPL. iPhone Demand Holds Strong in China
• Positive Sentiment: Wedbush and other outlets see WWDC/June events as potential catalysts; Wedbush reiterated Outperform ratings that support the view of near-term upside if new software/hardware impress. Wedbush: This June Will Be a Huge Month for Apple
• Positive Sentiment: Apple is staffing up for AI and plans a more capable Siri/standalone app and App Store–centric AI approach — moves that could bolster services revenue and device differentiation over time. Hiring of Google’s Lilian Rincon to lead AI marketing signals commitment. Apple Recruits Google Shopping Exec to Lead AI Marketing
• Neutral Sentiment: Apple’s 50th-anniversary events and retrospective coverage boost brand momentum and PR but are unlikely to move fundamentals immediately. Apple Celebrates 50 Years
• Neutral Sentiment: Options and derivatives flows show traders positioning for a near-term inflection — volatility is elevated and could amplify moves in either direction. Apple Stock at a Crossroads: Options Traders
• Negative Sentiment: Tech sector weakness/market-wide selloff is pressuring AAPL along with peers — broader risk-off is the dominant near-term driver of today’s decline. Sector Update: Tech Stocks Fall
• Negative Sentiment: A UK fine was levied on an Apple subsidiary for breaching Russian sanctions — a modest financial hit but a reminder of geographies/regulatory risk. Apple subsidiary fined for breaching Russian sanctions
• Negative Sentiment: Negative takes and forecasts (including pieces predicting Apple underperformance vs. other mega-caps) are contributing to headline risk and investor caution. Prediction: Apple Will Be the Worst “Magnificent Seven” Stock

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.