DAVENPORT & Co LLC Has $362.46 Million Position in Apple Inc. $AAPL

DAVENPORT & Co LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,332,623 shares of the iPhone maker’s stock after selling 156,149 shares during the period. Apple makes up 1.9% of DAVENPORT & Co LLC’s portfolio, making the stock its 6th biggest holding. DAVENPORT & Co LLC’s holdings in Apple were worth $362,459,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pensionfund Sabic purchased a new stake in shares of Apple in the fourth quarter worth $9,265,000. Lifelong Wealth Advisors Inc. boosted its stake in Apple by 1.2% during the fourth quarter. Lifelong Wealth Advisors Inc. now owns 6,967 shares of the iPhone maker’s stock valued at $1,894,000 after buying an additional 80 shares during the period. Abound Wealth Management grew its position in Apple by 8.7% during the fourth quarter. Abound Wealth Management now owns 42,326 shares of the iPhone maker’s stock worth $11,507,000 after buying an additional 3,386 shares in the last quarter. Tlwm grew its position in Apple by 3.4% during the fourth quarter. Tlwm now owns 14,449 shares of the iPhone maker’s stock worth $3,928,000 after buying an additional 472 shares in the last quarter. Finally, Lanham O Dell & Company Inc. increased its stake in Apple by 271.4% in the 4th quarter. Lanham O Dell & Company Inc. now owns 17,454 shares of the iPhone maker’s stock worth $4,745,000 after acquiring an additional 12,754 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Apple stock opened at $253.79 on Wednesday. The firm has a fifty day simple moving average of $260.20 and a two-hundred day simple moving average of $263.18. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. 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 $3.73 trillion, a PE ratio of 32.08, a P/E/G ratio of 2.34 and a beta of 1.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping the consensus estimate of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The firm had revenue of $143.76 billion for the quarter, compared to the consensus estimate of $138.25 billion. During the same quarter in the previous year, the business earned $2.40 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple’s payout ratio is 13.15%.

Analyst Ratings Changes

AAPL has been the subject of a number of research analyst reports. Moffett Nathanson lifted their price target on Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. CLSA upped their price objective on shares of Apple from $265.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Maxim Group raised shares of Apple from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Friday, January 30th. Evercore reiterated an “outperform” rating on shares of Apple in a research report on Monday, March 2nd. Finally, TD Cowen reissued a “buy” rating and issued a $325.00 price target on shares of Apple in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $297.58.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore reiterated an Outperform and kept a $330 price target, citing strong momentum in Apple’s services monetization that could accelerate revenue growth. Apple Inc. (AAPL) Focused on Service Monetization to Accelerate Revenue Growth
• Positive Sentiment: Wedbush reiterated Outperform with a $350 target and flagged WWDC / a possible foldable iPhone as a near-term catalyst that could re‑ignite device momentum. Wedbush Reiterates Outperform on Apple Inc. (AAPL) Amid Anticipation of Foldable iPhone
• Positive Sentiment: Large hedge-fund interest: D. E. Shaw holds a multibillion-dollar stake (listed among its top picks), signaling institutional confidence. D. E. Shaw Stock Portfolio: Top 5 Stocks to Buy
• Positive Sentiment: Warren Buffett publicly said he “sold Apple too soon” and would consider buying more at the right price — a credibility boost for long-term investors. Warren Buffett says he sold Apple too soon and would buy more of it, though not in this market
• Positive Sentiment: Product/AI upgrade: Reuters/Bloomberg reports Apple is testing a Siri feature that can handle multiple commands in one prompt — a visible AI catch-up move investors like. Apple tests Siri feature that handles multiple commands at once, Bloomberg News reports
• Positive Sentiment: Fundamentals: reports say iPhone demand remains resilient in China, helping offset weakness at some Android rivals and supporting device revenue outlooks. iPhone Demand Holds Strong in China Despite Market Slump
• Neutral Sentiment: Services integrations continue (Bandsintown added concert listings to Apple Music with iOS 26.4), which is constructive for engagement but a slow revenue play. BANDSINTOWN POWERS CONCERT LISTINGS ON APPLE MUSIC WITH THE RELEASE OF IOS 26.4
• Neutral Sentiment: Some analysts flag a recent pullback/valuation reset and tariff concerns — a reminder upside may depend on execution (services + new devices) rather than easy valuation re-rating. Assessing Apple (AAPL) Valuation After Recent Share Price Pullback And Tariff Concerns
• Negative Sentiment: Apple has stepped up App Store enforcement against “vibe‑coding” AI apps; critics say this risks alienating developers and slows AI ecosystem momentum. Apple Cracks Down on Vibe Coding Services in App Store
• Negative Sentiment: Regulatory & geopolitical noise: a UK fine for sanctions breaches at a European unit and inclusion on an Iran “retaliation” list highlight legal/security risks that can pressure shares. Apple subsidiary fined for breaching Russian sanctions Palantir, Tesla, Apple Top Iran Retaliation List

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.