Stark Wealth Management LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,943 shares of the iPhone maker’s stock, valued at approximately $1,072,000. Apple comprises about 3.8% of Stark Wealth Management LLC’s portfolio, making the stock its 7th biggest holding.
A number of other institutional investors have also bought and sold shares of AAPL. Overbrook Management Corp lifted its position in shares of Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock worth $28,449,000 after buying an additional 38,174 shares in the last quarter. Tufton Capital Management lifted its position in shares of Apple by 4.3% during the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock worth $25,496,000 after buying an additional 4,157 shares in the last quarter. Torren Management LLC bought a new position in shares of Apple during the 4th quarter worth approximately $1,178,000. Adventist Health System Sunbelt Healthcare Corp bought a new position in shares of Apple during the 4th quarter worth approximately $105,482,000. Finally, KBC Group NV lifted its position in shares of Apple by 3.1% during the 4th quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker’s stock worth $1,915,172,000 after buying an additional 214,215 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.
Insider Buying and Selling at Apple
In related 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 transaction, the chief executive officer directly owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O’brien sold 30,002 shares of Apple stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the transaction, the senior vice president owned 136,810 shares of the company’s stock, valued at $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. 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 valued at $24,964,305 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Analysis on AAPL
Apple Trading Up 1.0%
Shares of AAPL stock opened at $299.24 on Wednesday. The company has a 50 day moving average of $287.32 and a 200-day moving average of $272.54. 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 Inc. has a 12-month low of $195.07 and a 12-month high of $317.40. The firm has a market cap of $4.40 trillion, a P/E ratio of 36.18, a PEG ratio of 2.58 and a beta of 1.09.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same quarter last year, the business posted $1.65 EPS. Apple’s quarterly revenue was up 16.6% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current year.
Apple Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a $0.27 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio (DPR) is presently 13.06%.
Apple News Summary
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Wall Street is warming to Apple’s AI strategy after WWDC, with analysts saying Siri AI and related upgrades could help drive new Services revenue and support a longer-term stock rebound. Apple’s AI Plans Are Finally Taking Shape. Here’s What That Means for AAPL Stock.
- Positive Sentiment: Reports that Apple is planning a broader 2027 product push — including camera-equipped AirPods, a foldable iPhone, and AI-enabled accessories — reinforce the idea that the company has multiple growth catalysts ahead. Apple (AAPL) Faces Italy DMA Probe Over Cloud Interoperability
- Positive Sentiment: Several reports note that Apple shares have been recovering after the initial WWDC reaction, suggesting the market may be concluding the AI rollout is more promising than first feared. Apple Stock Is Down After WWDC. There’s More to Its AI Strategy Than Meets the Eye.
- Neutral Sentiment: Apple’s supplier Tata Electronics said India’s pollution board dropped scrutiny of its iPhone parts plant after contamination concerns were addressed, removing a potential supply-chain distraction. Tata says India pollution board drops scrutiny of Apple iPhone parts plant
- Neutral Sentiment: Apple is reportedly considering changes to its Hide My Email feature, which could make it less effective but may also help apps and websites limit abuse from anonymous sign-ups. Apple plans to change its Hide My Email privacy feature that could make it less effective
- Negative Sentiment: Italy’s competition authority opened a Digital Markets Act probe into Apple’s cloud interoperability practices, raising fresh regulatory risk in Europe and potential pressure on Apple’s ecosystem controls. Italian Competition Watchdog Launches Investigation Into Apple’s Cloud Service Practices (AAPL)
- Negative Sentiment: Rising memory-chip costs could squeeze margins as Apple’s AI features require more powerful hardware, adding a near-term profitability concern. Rising Memory Costs Test Apple Margins As AI Demands More Hardware
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.
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