NovaPoint Capital LLC Has $15.14 Million Position in Apple Inc. $AAPL

NovaPoint Capital LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 59,675 shares of the iPhone maker’s stock after acquiring an additional 2,062 shares during the period. Apple comprises approximately 3.8% of NovaPoint Capital LLC’s portfolio, making the stock its 3rd biggest holding. NovaPoint Capital LLC’s holdings in Apple were worth $15,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Lifetime Wealth Management P.C. bought a new stake in shares of Apple during the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC boosted its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares during the last quarter. LSV Asset Management bought a new position in shares of Apple during the fourth quarter worth $65,000. Timmons Wealth Management LLC purchased a new position in Apple during the fourth quarter valued at $69,000. Finally, Inspire Investing LLC purchased a new position in Apple during the fourth quarter valued at $76,000. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAPL. KeyCorp reiterated an “underweight” rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday. Barclays restated an “underweight” rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a research report on Friday. Maxim Group reaffirmed a “buy” rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. Evercore reiterated an “outperform” rating on shares of Apple in a research report on Wednesday, July 8th. Finally, BNP Paribas Exane raised Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price target for the company in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $331.60.

Insider Buying and Selling

In related news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record June-quarter revenue of $109.4 billion, up 16.4% year over year, and diluted EPS of $2.02, exceeding Wall Street expectations. iPhone revenue rose 22% to $54.3 billion, while Mac revenue increased 29% to $10.4 billion. Apple reports third quarter results
• Positive Sentiment: Apple’s large installed base, strong hardware demand and potential consumer-AI opportunities remain long-term supports. Some analysts remain bullish: TD Cowen raised its price target to $400, while other firms maintained Buy or Overweight ratings despite trimming estimates. Analyst raises Apple price target
• Positive Sentiment: The company declared a quarterly dividend of $0.27 per share, payable August 13 to shareholders of record August 10. Apple also continues to emphasize an AI strategy that requires less capital spending than the infrastructure-heavy approach used by some peers. Apple Q3 financial results

Apple Price Performance

Apple stock opened at $308.91 on Friday. Apple Inc. has a 52-week low of $201.50 and a 52-week high of $344.57. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average is $309.51 and its 200 day moving average is $281.45. The company has a market cap of $4.54 trillion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.67 and a beta of 1.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 142.29%. The business had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same period last year, the company posted $1.57 EPS. The business’s revenue was up 16.4% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 8.8 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is presently 12.39%.

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.