Apple Inc. $AAPL is Keel Point LLC’s 7th Largest Position

Keel Point LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,218 shares of the iPhone maker’s stock after purchasing an additional 10,184 shares during the period. Apple accounts for about 2.3% of Keel Point LLC’s investment portfolio, making the stock its 7th biggest holding. Keel Point LLC’s holdings in Apple were worth $38,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Apple by 1.9% in the 4th 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 in the last quarter. State Street Corp increased its stake in shares of Apple by 0.9% in the 2nd quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker’s stock worth $123,358,461,000 after acquiring an additional 5,224,229 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Apple by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock worth $97,031,587,000 after acquiring an additional 1,866,103 shares in the last quarter. Norges Bank bought a new position in shares of Apple in the 4th quarter worth about $52,266,468,000. Finally, Northern Trust Corp increased its stake in shares of Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled a much more capable Siri AI and broader iOS/macOS upgrades, reinforcing the company’s AI strategy and supporting a longer-term growth narrative. Siri upgrades show promise, but questions remain
• Positive Sentiment: Several analysts lifted earnings expectations or reiterated confidence after WWDC, suggesting Apple’s fundamentals and services/iPhone ecosystem still support the stock. Analyst estimate updates
• Positive Sentiment: Coverage highlighted Apple’s strong cash flow, low debt, and momentum, with some commentary pointing to potential upside if the next iPhone cycle and services growth accelerate. Does Apple Stock Have More Upside?
• Neutral Sentiment: Apple was also cited as a “top stock” in Ken Griffin’s portfolio, which is supportive for sentiment but not a direct new catalyst. Apple Inc. (AAPL) Is A Top Stock In Ken Griffin’s Portfolio
• Negative Sentiment: Despite the AI reveal, multiple reports said investors were underwhelmed because much of the rollout looks incremental and some Siri features may not feel fully differentiated yet. Apple Unveils Siri AI. Here’s Why It’s Not Impressing Investors
• Negative Sentiment: Technical and options commentary pointed to caution, suggesting some traders still see limited near-term upside after the post-WWDC pullback. Option Activity Suggests Caution On Apple’s Intermediate-Term Outlook

Apple Stock Performance

Shares of AAPL stock opened at $295.63 on Friday. The company has a 50 day moving average price of $284.93 and a 200-day moving average price of $272.14. Apple Inc. has a 52 week low of $195.07 and a 52 week high of $317.40. The firm has a market capitalization of $4.34 trillion, a PE ratio of 35.75, a P/E/G ratio of 2.54 and a beta of 1.09. 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 announced 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. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.27 dividend. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio (DPR) is presently 13.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AAPL. Evercore reiterated an “outperform” rating on shares of Apple in a research note on Monday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research note on Monday. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research note on Monday, March 2nd. Bank of America reiterated a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of Apple in a research note on Tuesday, May 26th. Finally, Moffett Nathanson raised their price objective on shares of Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $314.59.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the sale, the chief executive officer directly owned 3,280,418 shares in the company, valued at $833,980,668.14. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of Apple stock in a transaction that occurred 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 completion of the sale, the insider owned 38,713 shares of the company’s stock, valued at $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 97,759 shares of company stock valued at $24,964,305. Insiders own 0.06% of the company’s 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.