Fortis Capital Management LLC Has $21.32 Million Stock Holdings in Apple Inc. $AAPL

Fortis Capital Management LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 17.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,002 shares of the iPhone maker’s stock after acquiring an additional 12,333 shares during the quarter. Apple comprises 2.2% of Fortis Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Fortis Capital Management LLC’s holdings in Apple were worth $21,319,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. CacheTech Inc. increased its holdings in shares of Apple by 31.8% in the first quarter. CacheTech Inc. now owns 21,411 shares of the iPhone maker’s stock valued at $5,434,000 after purchasing an additional 5,164 shares during the last quarter. Himension Capital Singapore PTE. LTD. lifted its position in Apple by 179.9% during the first quarter. Himension Capital Singapore PTE. LTD. now owns 188,185 shares of the iPhone maker’s stock worth $47,759,000 after acquiring an additional 120,946 shares during the last quarter. ABN Amro Investment Solutions boosted its holdings in shares of Apple by 29.9% during the first quarter. ABN Amro Investment Solutions now owns 1,531,854 shares of the iPhone maker’s stock worth $388,769,000 after acquiring an additional 352,439 shares during the period. Pacific Sun Financial Corp boosted its holdings in shares of Apple by 0.6% during the first quarter. Pacific Sun Financial Corp now owns 41,604 shares of the iPhone maker’s stock worth $10,559,000 after acquiring an additional 242 shares during the period. Finally, Oslo Pensjonsforsikring AS acquired a new position in shares of Apple in the first quarter valued at approximately $11,897,000. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Apple stock opened at $313.33 on Friday. The firm has a market cap of $4.57 trillion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The stock’s fifty day moving average price is $309.45 and its two-hundred day moving average price is $283.23. Apple Inc. has a one year low of $219.25 and a one year high of $344.57.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. As a group, research analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s dividend payout ratio is currently 12.39%.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on AAPL shares. China Renaissance cut Apple from a “buy” rating to a “hold” rating and set a $280.00 price target for the company. in a report on Tuesday. Tigress Financial reiterated a “strong-buy” rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. The Goldman Sachs Group reissued a “buy” rating and set a $360.00 target price (down from $370.00) on shares of Apple in a report on Friday, July 31st. Robert W. Baird boosted their target price on shares of Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Raymond James Financial restated a “market perform” rating on shares of Apple in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $330.44.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook’s Last Quarter as CEO Was Apple’s Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple’s Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple’s Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

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.