Apple Inc. $AAPL Position Increased by Brian Low Financial Group LLC

Brian Low Financial Group LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 15.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,859 shares of the iPhone maker’s stock after purchasing an additional 2,702 shares during the quarter. Apple accounts for 3.9% of Brian Low Financial Group LLC’s portfolio, making the stock its 4th largest position. Brian Low Financial Group LLC’s holdings in Apple were worth $5,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Apple by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker’s stock worth $290,506,933,000 after acquiring an additional 15,141,995 shares in the last quarter. State Street Corp lifted its position in shares of Apple by 0.9% during the second quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker’s stock worth $123,358,461,000 after purchasing an additional 5,224,229 shares during the last quarter. Geode Capital Management LLC grew its stake in Apple by 1.4% in the second quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker’s stock worth $72,506,336,000 after purchasing an additional 4,942,638 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in Apple by 573,627.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after buying an additional 205,656,808 shares during the last quarter. Finally, Norges Bank acquired a new stake in Apple during the second quarter valued at approximately $38,942,255,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: JPMorgan set to take over the Apple Card program, ending a drawn-out, costly partnership with Goldman Sachs and removing a persistent operational/regulatory headache for Apple; transition expected to take ~24 months. This reduces execution risk around Apple’s consumer-finance offering. JPMorgan reaches deal to take over Apple credit card, WSJ reports
• Positive Sentiment: Evercore names Apple a top tech pick ahead of a key iPhone upgrade cycle, signaling analyst conviction about near-term iPhone sales and upside to hardware/services revenue. AAPL: Evercore Calls Apple Top Tech Pick Ahead of Key iPhone Cycle
• Positive Sentiment: Foxconn’s strong Q4 revenue (AI/server and device demand) is read as a bullish signal for iPhone demand, providing a supplier-confirmation boost to Apple’s hardware outlook. Gene Munster Flags Positive Signal For Nvidia And Apple As Foxconn Smashes Q4 Revenue Estimates
• Neutral Sentiment: Investor calendar item: Apple has product/feature rollouts due Jan. 12 — a potential catalyst if new features meaningfully boost services engagement, but not yet a revenue-confirming event. Dear Apple Stock Fans, Mark Your Calendars for January 12
• Negative Sentiment: Alphabet surpassed Apple in market capitalization, a headline that can pressure sentiment toward Apple by shifting index/flows and signaling competitive momentum for AI leaders outside Apple. Alphabet Surpasses Apple in Market Cap for First Time Since 2019
• Negative Sentiment: Soaring memory prices pose margin pressure for hardware makers including Apple; higher component costs could compress gross margins if not passed to customers. Apple and Dell Face Soaring Memory Prices. How the Stocks Can Handle the Threat.
• Negative Sentiment: App Store net revenue growth decelerated in December, a flag for services growth momentum that investors watch closely given services’ role in valuation. Apple App Store Net Revenue Growth Decelerates In December

Wall Street Analyst Weigh In

Several research analysts have recently commented on AAPL shares. Wells Fargo & Company set a $300.00 target price on Apple and gave the stock an “overweight” rating in a research report on Friday, October 31st. Wedbush set a $350.00 price objective on shares of Apple and gave the stock an “outperform” rating in a report on Monday, December 8th. Cowen reiterated a “buy” rating on shares of Apple in a research note on Monday, October 27th. DZ Bank upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Tuesday, November 4th. Finally, TD Cowen lifted their price target on shares of Apple from $275.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $283.92.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 3,752 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the transaction, the insider owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. This represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kevan Parekh sold 4,199 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at $2,168,373.35. This trade represents a 32.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.06% of the company’s stock.

Apple Trading Down 0.8%

Apple stock opened at $260.35 on Thursday. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 34.85, a PEG ratio of 2.45 and a beta of 1.09. The firm has a 50-day moving average price of $273.30 and a two-hundred day moving average price of $246.00.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. The company had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. Apple had a net margin of 26.92% and a return on equity of 164.05%. Apple’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.64 earnings per share. Sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s payout ratio is presently 13.92%.

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.