Hoertkorn Richard Charles Has $23.85 Million Holdings in Apple Inc. $AAPL

Hoertkorn Richard Charles cut its position in Apple Inc. (NASDAQ:AAPL) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,656 shares of the iPhone maker’s stock after selling 3,123 shares during the quarter. Apple comprises about 9.3% of Hoertkorn Richard Charles’ holdings, making the stock its largest position. Hoertkorn Richard Charles’ holdings in Apple were worth $23,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobsen Capital Management raised its stake in Apple by 1.0% in the 3rd quarter. Jacobsen Capital Management now owns 34,977 shares of the iPhone maker’s stock valued at $8,906,000 after acquiring an additional 330 shares during the period. LVZ Inc. boosted its position in Apple by 2.1% during the third quarter. LVZ Inc. now owns 25,018 shares of the iPhone maker’s stock worth $6,370,000 after purchasing an additional 526 shares during the period. Cooper Capital Advisors LLC increased its stake in shares of Apple by 7.8% in the third quarter. Cooper Capital Advisors LLC now owns 6,613 shares of the iPhone maker’s stock worth $1,684,000 after purchasing an additional 477 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its position in shares of Apple by 5.5% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 20,506 shares of the iPhone maker’s stock valued at $5,074,000 after purchasing an additional 1,073 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Apple by 3.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 73,558 shares of the iPhone maker’s stock valued at $18,730,000 after buying an additional 2,210 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 0.8%

NASDAQ AAPL opened at $278.12 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $268.05 and its two-hundred day simple moving average is $253.62. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $288.62. The company has a market capitalization of $4.08 trillion, a price-to-earnings ratio of 35.16, a PEG ratio of 2.47 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results 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 analysts’ expectations of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $2.40 earnings per share. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Monday, February 9th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, February 9th. Apple’s dividend payout ratio is presently 13.15%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AAPL. Loop Capital reissued a “buy” rating and set a $325.00 target price (up previously from $315.00) on shares of Apple in a report on Tuesday, December 2nd. Bank of America lifted their price target on Apple from $270.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup reissued a “buy” rating and set a $315.00 price objective (down previously from $330.00) on shares of Apple in a report on Tuesday, January 20th. Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a research note on Monday. Finally, Robert W. Baird set a $300.00 price target on Apple in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $291.70.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple preparing to allow third‑party voice AI/chatbots (ChatGPT, Gemini, Claude) in CarPlay — a strategic shift that could boost in‑car services, user engagement and partnerships across the AI ecosystem. Apple plans to allow external voice-controlled AI chatbots in CarPlay
• Positive Sentiment: Strong Q1 results (higher‑than‑expected revenue and EPS, large iPhone sales) continue to support investor confidence and explain why AAPL is outperforming many Big Tech peers after the AI‑led sell‑off.
• Positive Sentiment: EU says Apple Ads and Apple Maps should not be designated under the Digital Markets Act — avoids potential regulatory constraints and commercial disruption in Europe. Apple Ads and Apple Maps should not be designated under Digital Markets Act, says EU
• Positive Sentiment: Analyst support and bullish price targets remain — several firms have reiterated Outperform/Overweight calls and above‑consensus targets (median recent target ~$310), underpinning investor interest. Evercore ISI stays Outperform on Apple
• Positive Sentiment: Inclusion in new Big Tech ETF offerings and continued institutional buying signal durable demand from funds and passive vehicles. Big Tech Core: New Burney ETF Packs Apple, Nvidia, Google, Broadcom Punch
• Neutral Sentiment: Short‑interest data currently shows anomalies (reporting zeros/NaN) and offers no clear signal on bearish positioning — not market‑moving as reported.
• Neutral Sentiment: Global memory‑chip shortages raise questions about iPhone pricing vs. margin trade‑offs; could preserve margins (price increases) or dent volume if Apple raises prices — impact unclear near term. Pricier iPhones? Global memory chip crunch puts spotlight on Apple
• Negative Sentiment: Apple has scaled back its AI health‑coach initiative (project “Mulberry”), highlighting execution and monetization challenges for new paid services tied to health/wearables. That could temper parts‑of‑services growth expectations. Apple Scales Back AI Health Coach Plans
• Negative Sentiment: Ongoing insider selling is visible in regulatory filings; while routine at large cap firms, it can be interpreted negatively by some investors when concentrated.

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.