Envestnet Asset Management Inc. Lowers Position in Apple Inc. $AAPL

Envestnet Asset Management Inc. reduced its stake in Apple Inc. (NASDAQ:AAPL) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,378,348 shares of the iPhone maker’s stock after selling 355,512 shares during the period. Apple makes up 0.9% of Envestnet Asset Management Inc.’s portfolio, making the stock its 18th largest holding. Envestnet Asset Management Inc. owned approximately 0.08% of Apple worth $3,151,899,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Apple by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker’s stock valued at $290,506,933,000 after purchasing an additional 15,141,995 shares during the last quarter. State Street Corp lifted its holdings in shares of Apple by 0.9% in the 2nd quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker’s stock valued at $123,358,461,000 after acquiring an additional 5,224,229 shares during the last quarter. Geode Capital Management LLC grew its position 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 acquiring an additional 4,942,638 shares in the last quarter. Norges Bank bought a new stake in Apple during the second quarter worth approximately $38,942,255,000. Finally, Northern Trust Corp raised its position in Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. Institutional investors own 67.73% of the company’s stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: New addressable market: Apple launched the low‑cost MacBook Neo starting at $599 ($499 student), a clear push into education and budget PC segments that could drive volume and new users for the ecosystem. Apple debuts $599 MacBook Neo to challenge Chromebooks, Windows PCs
• Positive Sentiment: AI and upgrade cycle upside: Apple rolled out M5 chips, new displays and device updates that support an AI/hardware upgrade thesis; some Wall Street firms maintain bullish targets and Buy ratings reflecting multi‑quarter upside. Wedbush maintains $350 Apple target as product blitz reinforces AI hardware push
• Neutral Sentiment: Mixed pricing strategy: Apple paired the Neo with higher base prices for M5 MacBook Air/Pro models — a potential boost to ASPs but an uncertain demand trade‑off in a price‑sensitive market. Apple raises MacBook prices across the board as M5 chips, new displays signal AI-first strategy
• Negative Sentiment: Near‑term market reaction: Despite the announcements, shares slipped as investors digested potential margin pressure from the mix of low‑priced models and costlier M5 upgrades; some outlets reported analyst target revisions and short‑term selling. Analyst revises Apple stock price target as new MacBook Neo announced
• Negative Sentiment: Supply/cost risks: A global memory‑chip shortage and higher component costs have forced Apple to raise some Mac prices and could squeeze margins or constrain supply for higher‑end models. Apple Uses Low Prices to Attack Rivals During Memory-Chip Crunch

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAPL. Weiss Ratings reissued a “buy (b-)” rating on shares of Apple in a research report on Monday, December 29th. Royal Bank Of Canada set a $325.00 target price on shares of Apple in a research note on Monday, February 2nd. Loop Capital reaffirmed a “buy” rating and set a $325.00 price target (up from $315.00) on shares of Apple in a research note on Tuesday, December 2nd. Citigroup reiterated a “buy” rating and set a $315.00 price target (down from $330.00) on shares of Apple in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $297.56.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $262.52 on Thursday. The firm’s 50 day simple moving average is $264.14 and its 200-day simple moving average is $260.06. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The firm has a market cap of $3.85 trillion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10.

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, topping the consensus estimate of $2.67 by $0.17. The company had revenue of $143.76 billion for the quarter, compared to analysts’ expectations of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.Apple’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.40 earnings per share. As a group, equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

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.