Platform Wealth Management LLC Invests $61.86 Million in Apple Inc. $AAPL

Platform Wealth Management LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL) during the 4th quarter, Holdings Channel.com reports. The fund bought 227,553 shares of the iPhone maker’s stock, valued at approximately $61,863,000. Apple accounts for 16.5% of Platform Wealth Management LLC’s investment portfolio, making the stock its largest holding.

Several other hedge funds also recently made changes to their positions in the business. TD Asset Management Inc increased its holdings in shares of Apple by 4.8% during the fourth quarter. TD Asset Management Inc now owns 16,985,985 shares of the iPhone maker’s stock worth $4,617,810,000 after purchasing an additional 785,242 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Apple by 17.6% during the fourth quarter. Sivia Capital Partners LLC now owns 53,369 shares of the iPhone maker’s stock worth $14,509,000 after purchasing an additional 7,998 shares during the period. Greenspring Advisors LLC increased its holdings in shares of Apple by 74.8% during the fourth quarter. Greenspring Advisors LLC now owns 59,774 shares of the iPhone maker’s stock worth $16,250,000 after purchasing an additional 25,569 shares during the period. Evolution Wealth Management Inc. increased its holdings in shares of Apple by 43.9% during the fourth quarter. Evolution Wealth Management Inc. now owns 4,018 shares of the iPhone maker’s stock worth $1,092,000 after purchasing an additional 1,225 shares during the period. Finally, Chico Wealth RIA increased its holdings in shares of Apple by 13.7% during the fourth quarter. Chico Wealth RIA now owns 6,106 shares of the iPhone maker’s stock worth $1,660,000 after purchasing an additional 736 shares during the period. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAPL. DA Davidson reissued a “neutral” rating and issued a $270.00 price objective on shares of Apple in a research note on Friday, May 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research note on Monday. Bank of America reissued a “buy” rating and issued a $380.00 price objective (up from $330.00) on shares of Apple in a research note on Tuesday, May 26th. Wedbush reissued an “outperform” rating and issued a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Apple in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.59.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Morgan Stanley and TD Cowen raised their price targets on Apple after WWDC, signaling confidence that the AI rollout could support longer-term upside. Morgan Stanley revamps Apple stock target after key event
• Positive Sentiment: Analysts say Apple’s new AI features may help spark a bigger iPhone upgrade cycle and strengthen Services revenue over time. Apple’s AI could usher in a historic upgrade cycle that investors are overlooking
• Neutral Sentiment: Apple introduced a more capable Siri and platform-wide AI upgrades at WWDC, which could matter for future device demand, but investors are still waiting for proof of monetization. WWDC 2026: Everything announced on Siri AI, iOS 27, Apple Intelligence and more
• Negative Sentiment: The stock fell after WWDC because the AI reveal did not deliver the immediate breakthrough many investors expected, and the rollout looks gradual rather than explosive. Why Apple (AAPL) Shares Are Sliding Today
• Negative Sentiment: Some analysts warned that older iPhones may not be able to run the new AI features well, limiting the addressable installed base and near-term upside. Apple’s AI Siri will be held back by aging devices, Morgan Stanley says

Apple Price Performance

Shares of NASDAQ:AAPL opened at $291.58 on Thursday. The firm has a market cap of $4.28 trillion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.53 and a beta of 1.09. The firm’s fifty day moving average is $284.09 and its 200-day moving average is $271.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52 week low of $195.07 and a 52 week high of $317.40.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for 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%. Apple’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 earnings per share. Sell-side analysts predict that Apple Inc. will post 8.74 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. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio (DPR) is presently 13.06%.

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 1,534 shares of Apple 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 transaction, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 30,002 shares of Apple stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the transaction, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 97,759 shares of company stock worth $24,964,305 in the last three months. 0.06% of the stock is currently owned by company insiders.

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.