Apple Inc. $AAPL is International Assets Investment Management LLC’s 5th Largest Position

International Assets Investment Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 1.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,233 shares of the iPhone maker’s stock after selling 4,898 shares during the period. Apple comprises 1.9% of International Assets Investment Management LLC’s investment portfolio, making the stock its 5th biggest position. International Assets Investment Management LLC’s holdings in Apple were worth $81,362,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AAPL. Norges Bank purchased a new stake in shares of Apple in the 4th quarter worth about $52,266,468,000. Nuveen LLC acquired a new stake in Apple in the 1st quarter valued at about $17,472,482,000. Cardano Risk Management B.V. increased its holdings in Apple by 890.7% during the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock valued at $11,413,990,000 after acquiring an additional 37,746,784 shares in the last quarter. Laurel Wealth Advisors LLC raised its position in Apple by 20,464.8% during the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock worth $5,553,753,000 after acquiring an additional 26,937,401 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Apple by 1.9% during the fourth 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 last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 1,274 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following 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 sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAPL. Evercore reiterated an “outperform” rating on shares of Apple in a research report on Wednesday, July 8th. Royal Bank Of Canada set a $365.00 price objective on Apple in a research report on Wednesday, July 15th. KGI Securities lowered Apple from an “outperform” rating to a “hold” rating and set a $315.00 target price on the stock. in a research note on Monday, June 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Apple in a report on Wednesday, July 15th. Finally, Barclays reissued an “underweight” rating on shares of Apple in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $327.40.

Apple Price Performance

Apple stock opened at $333.02 on Monday. The stock has a market capitalization of $4.89 trillion, a P/E ratio of 40.27, a P/E/G ratio of 2.88 and a beta of 1.10. Apple Inc. has a 12-month low of $201.50 and a 12-month high of $334.99. 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’s 50-day moving average is $306.62 and its two-hundred day moving average is $279.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share 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 company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 earnings per share. Equities analysts predict that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Increases Dividend

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

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.