Simon Quick Advisors LLC Has $70.52 Million Stake in Apple Inc. $AAPL

Simon Quick Advisors LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 3.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 277,854 shares of the iPhone maker’s stock after selling 9,028 shares during the quarter. Apple accounts for 3.2% of Simon Quick Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Simon Quick Advisors LLC’s holdings in Apple were worth $70,517,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. FSA Advisors Inc. increased its holdings in shares of Apple by 550.0% during the first quarter. FSA Advisors Inc. now owns 11,109 shares of the iPhone maker’s stock worth $2,819,000 after buying an additional 9,400 shares in the last quarter. Future Fund LLC raised its stake in shares of Apple by 0.6% in the first quarter. Future Fund LLC now owns 14,010 shares of the iPhone maker’s stock valued at $3,556,000 after acquiring an additional 90 shares during the last quarter. Kera Capital Partners Inc. boosted its holdings in shares of Apple by 2.8% in the 1st quarter. Kera Capital Partners Inc. now owns 21,832 shares of the iPhone maker’s stock worth $5,541,000 after acquiring an additional 589 shares in the last quarter. SK Wealth Management LLC boosted its holdings in shares of Apple by 5.0% in the 1st quarter. SK Wealth Management LLC now owns 15,995 shares of the iPhone maker’s stock worth $4,140,000 after acquiring an additional 763 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its position in Apple by 8.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 29,522 shares of the iPhone maker’s stock worth $7,492,000 after acquiring an additional 2,285 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AAPL shares. Wedbush reaffirmed an “outperform” rating and set a $400.00 price target on shares of Apple in a report on Friday, June 5th. Evercore reissued an “outperform” rating on shares of Apple in a research note on Wednesday, July 8th. DA Davidson restated a “neutral” rating and set a $270.00 target price on shares of Apple in a report on Friday. Royal Bank Of Canada set a $365.00 target price on Apple in a research note on Wednesday, July 15th. Finally, KeyCorp reaffirmed an “underweight” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.60.

Apple Price Performance

NASDAQ:AAPL opened at $308.91 on Monday. The stock’s fifty day moving average price is $309.51 and its two-hundred day moving average price is $281.60. Apple Inc. has a 52-week low of $201.50 and a 52-week high of $344.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market cap of $4.54 trillion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.65 and a beta of 1.09.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 EPS. On average, analysts anticipate that Apple Inc. will post 8.8 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be issued a $0.27 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Insider Transactions at Apple

In related news, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the transaction, the insider owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Apple News Summary

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

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.