Apple Inc. $AAPL is K.J. Harrison & Partners Inc’s Largest Position

K.J. Harrison & Partners Inc lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 13.7% during the 1st quarter, Holdings Channel reports. The firm owned 170,472 shares of the iPhone maker’s stock after selling 27,099 shares during the quarter. Apple comprises approximately 7.1% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its largest position. K.J. Harrison & Partners Inc’s holdings in Apple were worth $43,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Peak Financial Management Inc. grew its holdings in shares of Apple by 29.0% during the first quarter. Peak Financial Management Inc. now owns 23,913 shares of the iPhone maker’s stock valued at $6,069,000 after buying an additional 5,369 shares during the last quarter. NBT Bank N A NY raised its stake in Apple by 2.4% in the 1st quarter. NBT Bank N A NY now owns 270,817 shares of the iPhone maker’s stock worth $68,731,000 after acquiring an additional 6,444 shares during the last quarter. Cobblestone Asset Management LLC lifted its position in Apple by 3.1% during the 1st quarter. Cobblestone Asset Management LLC now owns 8,733 shares of the iPhone maker’s stock worth $2,216,000 after acquiring an additional 263 shares during the period. St. Johns Investment Management Company LLC lifted its position in Apple by 0.7% during the 1st quarter. St. Johns Investment Management Company LLC now owns 50,443 shares of the iPhone maker’s stock worth $12,802,000 after acquiring an additional 367 shares during the period. Finally, Clear Retirement Advice LLC grew its stake in Apple by 190.7% during the 1st quarter. Clear Retirement Advice LLC now owns 9,147 shares of the iPhone maker’s stock valued at $2,321,000 after purchasing an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Apple stock opened at $333.26 on Friday. The stock has a market cap of $4.89 trillion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 2.84 and a beta of 1.10. Apple Inc. has a 1-year low of $201.50 and a 1-year high of $334.68. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $302.80 and a 200-day simple moving average of $276.70.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 earnings per share. On average, analysts expect that Apple Inc. will post 8.76 EPS for the current year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a dividend of $0.27 per share. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio (DPR) is 13.06%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: China approved Apple Intelligence for iPhones, clearing a major hurdle for Apple’s delayed AI rollout in its biggest international market. Reports also say Alibaba’s Qwen and Baidu models will help power the experience, which should support Apple’s AI adoption story. Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership
• Positive Sentiment: Several market commentators say Apple is benefiting from a “standard oil” style strategy: keep monetizing a massive installed base through hardware, services, and selective ecosystem expansion rather than chasing capital-intensive AI infrastructure. That narrative is helping justify the stock’s record highs. Why Apple’s ‘Standard Oil’ Strategy Is Driving the Stock to All-Time Highs
• Positive Sentiment: Warren Buffett reiterated that Apple remains one of Berkshire Hathaway’s favorite holdings, easing some investor concern about the planned CEO transition from Tim Cook. Warren Buffett Just Reaffirmed Apple as One of His Favorite Stocks
• Neutral Sentiment: KeyCorp raised earnings estimates for Apple for several future periods, but kept an Underweight rating and a $250 price target, signaling improving fundamentals while still warning that valuation is rich. Apple Inc. research notes and analyst updates
• Neutral Sentiment: Apple is reportedly exploring acquisitions of chip startups to strengthen its AI server and custom silicon efforts. That could help long-term competitiveness, but the impact is still speculative. Apple chasing AI chip company deals, The Information reports
• Negative Sentiment: Some reports say Apple’s iPhone manufacturing costs are rising because of higher component prices, and that could pressure margins if Apple can’t fully offset those costs with pricing or mix improvements. Apple’s New iPhone Is Going to Cost Significantly More Than Last Year
• Negative Sentiment: Apple is also facing scrutiny from U.S. lawmakers over its China memory-chip sourcing plans, adding a political and supply-chain overhang to the AI and hardware story. AAPL’s China Memory Chip Plans Draw National Security Scrutiny

Insider Transactions at Apple

In other news, CFO Kevan Parekh sold 1,534 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the transaction, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ben Borders sold 116 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 2,924 shares of company stock valued at $825,546. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AAPL. Bank of America reiterated a “buy” rating and issued a $380.00 target price on shares of Apple in a research report on Thursday, June 18th. Barclays restated an “underweight” rating on shares of Apple in a research report on Tuesday, June 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $310.00 price objective (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Evercore reaffirmed an “outperform” rating on shares of Apple in a research note on Wednesday, July 8th. Finally, Maxim Group reiterated a “buy” rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $318.43.

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.