Apple Inc. $AAPL Stake Increased by Keebeck Wealth Management

Keebeck Wealth Management increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 9.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,275 shares of the iPhone maker’s stock after acquiring an additional 7,391 shares during the period. Apple makes up approximately 2.4% of Keebeck Wealth Management’s portfolio, making the stock its 5th biggest holding. Keebeck Wealth Management’s holdings in Apple were worth $21,388,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAPL. Vanguard Group Inc. lifted its stake in shares of Apple by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares during the period. State Street Corp grew its position in Apple by 1.1% during the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock worth $164,218,801,000 after buying an additional 6,555,392 shares during the period. Geode Capital Management LLC grew its position in Apple by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock worth $97,031,587,000 after buying an additional 1,866,103 shares during the period. Morgan Stanley increased its holdings in Apple by 0.6% in the fourth quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock valued at $62,659,118,000 after buying an additional 1,379,651 shares in the last quarter. Finally, Norges Bank purchased a new position in Apple in the fourth quarter valued at about $52,266,468,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 116 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company’s stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

Apple Price Performance

Apple stock opened at $313.33 on Monday. Apple Inc. has a 12-month low of $219.25 and a 12-month high of $344.57. The stock has a market capitalization of $4.57 trillion, a P/E ratio of 35.93, a P/E/G ratio of 2.68 and a beta of 1.09. The firm’s 50-day moving average is $309.45 and its two-hundred day moving average is $283.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. Equities analysts predict that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 10th. Apple’s payout ratio is presently 12.39%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AAPL shares. Wells Fargo & Company reissued an “overweight” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Barclays reaffirmed an “underweight” rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a report on Friday, July 31st. HSBC upgraded Apple from a “hold” rating to a “buy” rating and boosted their target price for the stock from $260.00 to $366.00 in a research report on Thursday, July 16th. Robert W. Baird upped their target price on Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.44.

About Apple

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.