Strategic Investment Solutions Inc. IL Has $15.16 Million Stock Holdings in Apple Inc. $AAPL

Strategic Investment Solutions Inc. IL raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,422 shares of the iPhone maker’s stock after buying an additional 3,342 shares during the quarter. Apple comprises 3.6% of Strategic Investment Solutions Inc. IL’s portfolio, making the stock its 7th biggest holding. Strategic Investment Solutions Inc. IL’s holdings in Apple were worth $15,160,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AAPL. Isthmus Partners LLC increased its position in Apple by 6.4% in the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock worth $25,000 after purchasing an additional 5,808 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its position in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management bought a new position in Apple during the fourth quarter valued at $65,000. Timmons Wealth Management LLC bought a new position in Apple during the fourth quarter valued at $69,000. Finally, Inspire Investing LLC purchased a new position in shares of Apple in the 4th quarter worth $76,000. Institutional investors own 67.73% of the company’s stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned price increases could protect margins as memory and storage costs rise, and Bank of America reiterated a Buy rating with a $380 target, citing Apple’s pricing power and supply-chain strength. Article Title
• Positive Sentiment: Reports of upcoming AI-focused devices and a second-generation iPhone Air support confidence in Apple’s product pipeline and longer-term growth story. Article Title
• Neutral Sentiment: Apple’s planned price hikes may help earnings, but they could also pressure demand if consumers balk at higher handset prices. Article Title
• Neutral Sentiment: Apple opening Brazil’s App Store to alternative marketplaces reduces regulatory friction there, but it also underscores ongoing global platform scrutiny. Article Title

Apple Stock Performance

Shares of NASDAQ AAPL opened at $298.01 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The business’s 50 day moving average price is $289.73 and its 200-day moving average price is $272.98. Apple Inc. has a fifty-two week low of $196.85 and a fifty-two week high of $317.40. The company has a market cap of $4.38 trillion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.59 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same period last year, the company earned $1.65 EPS. Apple’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, sell-side analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. This is a positive change from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio is 13.06%.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 30,002 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 136,810 shares of the company’s stock, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 116 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 97,875 shares of company stock valued at $24,998,541 in the last three months. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on AAPL shares. DA Davidson restated a “neutral” rating and issued a $270.00 target price on shares of Apple in a report on Friday, May 1st. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Bank of America reissued a “buy” rating and set a $380.00 price objective on shares of Apple in a research note on Thursday. Stifel Nicolaus set a $330.00 price objective on Apple in a research report on Monday, March 2nd. Finally, Evercore restated an “outperform” rating on shares of Apple in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $314.59.

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.