Apple Inc. $AAPL is Financial Management Network Inc.’s 9th Largest Position

Financial Management Network Inc. boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,100 shares of the iPhone maker’s stock after purchasing an additional 2,061 shares during the period. Apple comprises 2.9% of Financial Management Network Inc.’s holdings, making the stock its 9th largest position. Financial Management Network Inc.’s holdings in Apple were worth $17,481,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Financial Futures Ltd Liability Co. increased its position in shares of Apple by 13.2% during the second quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker’s stock valued at $729,000 after acquiring an additional 415 shares in the last quarter. Monarch Capital Management Inc. lifted its position in Apple by 4.6% in the 2nd quarter. Monarch Capital Management Inc. now owns 66,967 shares of the iPhone maker’s stock valued at $13,740,000 after acquiring an additional 2,920 shares in the last quarter. Riverwater Partners LLC lifted its position in Apple by 17.9% in the 2nd quarter. Riverwater Partners LLC now owns 5,404 shares of the iPhone maker’s stock valued at $1,109,000 after acquiring an additional 819 shares in the last quarter. Highland Capital Management LLC boosted its stake in Apple by 2.2% during the 3rd quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker’s stock valued at $101,301,000 after purchasing an additional 8,446 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Apple by 48.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker’s stock worth $363,256,000 after purchasing an additional 465,393 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Down 5.0%

AAPL opened at $261.73 on Friday. The stock has a market cap of $3.84 trillion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 2.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The firm’s fifty day moving average is $267.08 and its 200 day moving average is $255.22. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $288.62.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.17. The business had revenue of $143.76 billion during 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 company’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $2.40 EPS. On average, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s dividend payout ratio (DPR) is currently 13.15%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AAPL shares. TD Cowen reissued a “buy” rating and issued a $325.00 target price on shares of Apple in a research report on Friday, January 30th. Loop Capital reiterated a “buy” rating and issued a $325.00 price target (up from $315.00) on shares of Apple in a research note on Tuesday, December 2nd. KGI Securities upgraded shares of Apple to an “outperform” rating and set a $306.00 price objective on the stock in a research report on Friday, January 30th. Royal Bank Of Canada set a $325.00 target price on shares of Apple in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Apple in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.13.

Trending Headlines about Apple

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

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.