Smithbridge Asset Management Inc. DE Has $39.47 Million Holdings in Apple Inc. $AAPL

Smithbridge Asset Management Inc. DE cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,009 shares of the iPhone maker’s stock after selling 2,627 shares during the quarter. Apple accounts for about 5.7% of Smithbridge Asset Management Inc. DE’s investment portfolio, making the stock its largest holding. Smithbridge Asset Management Inc. DE’s holdings in Apple were worth $39,470,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capstone Wealth Management LLC lifted its holdings in Apple by 0.5% in the third quarter. Capstone Wealth Management LLC now owns 8,537 shares of the iPhone maker’s stock worth $2,174,000 after acquiring an additional 42 shares during the last quarter. Baker Boyer National Bank raised its position in shares of Apple by 0.3% during the 2nd quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after purchasing an additional 47 shares during the period. Beddow Capital Management Inc. lifted its holdings in shares of Apple by 1.8% in the 2nd quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker’s stock worth $533,000 after purchasing an additional 47 shares during the last quarter. Uncommon Cents Investing LLC boosted its position in Apple by 0.4% during the 3rd quarter. Uncommon Cents Investing LLC now owns 10,609 shares of the iPhone maker’s stock valued at $2,701,000 after purchasing an additional 47 shares during the period. Finally, Vermillion Wealth Management Inc. grew its stake in Apple by 0.5% during the 3rd quarter. Vermillion Wealth Management Inc. now owns 9,646 shares of the iPhone maker’s stock worth $2,456,000 after buying an additional 47 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 5.0%

Shares of NASDAQ:AAPL opened at $261.73 on Friday. The company has a 50 day moving average of $267.08 and a 200-day moving average of $255.22. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. The firm has a market cap of $3.84 trillion, a P/E ratio of 33.09, a P/E/G ratio of 2.46 and a beta of 1.09. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $288.62.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.17. The business had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned $2.40 earnings per share. As a group, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple’s payout ratio is currently 13.15%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple posted stronger-than-expected quarterly results and continued iPhone strength, which underpins revenue and margin resilience. Here’s Why Apple’s Stock Dropped 5% Today
• Positive Sentiment: Bernstein raised its price target and bullish analyst notes highlight Apple’s AI roadmap and services upside, offering a longer-term constructive view. Sanford C. Bernstein Raises Apple Price Target to $340.00
• Positive Sentiment: Apple bought full rights to the hit show “Severance” and will produce future seasons in-house — a strategic push for Apple TV+ that can boost content control and margins long term. Apple acquires all rights to Severance, will produce future seasons in-house
• Neutral Sentiment: Vision Pro added YouTube, which improves platform utility, but VR demand is reported to be cooling — a mixed signal for device adoption and services monetization. Apple’s Vision Pro Gets YouTube, but VR Demand Keeps Sliding
• Negative Sentiment: Multiple reports say Apple’s major Siri AI upgrade has run into testing problems and will be delayed, undermining near-term AI momentum and stoking investor concern about execution. Apple has worst day since April as company faces FTC scrutiny, Siri delay reports
• Negative Sentiment: The FTC has publicly raised concerns about alleged bias in Apple News and asked CEO Tim Cook to review curation policies, adding regulatory risk and political headlines that can pressure shares. US FTC airs concerns over allegations that Apple suppresses right-wing content on Apple News
• Negative Sentiment: Wider market AI fears and reports that investors are marking down Apple’s valuation led to an estimated ~$200B market-cap hit as funds rotate away from megacap AI exposure. Apple sees $200 billion market-cap wipeout as stock slides on AI fears

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stephens set a $315.00 target price on Apple in a research note on Monday, January 26th. TD Cowen reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Apple in a report on Friday, January 30th. DA Davidson reissued a “neutral” rating and set a $270.00 target price on shares of Apple in a research note on Friday, January 30th. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 target price on shares of Apple in a research report on Friday, January 30th. Finally, CLSA lifted their price target on Apple from $265.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $292.13.

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.