Apple Inc. $AAPL Stock Holdings Boosted by Glenview Trust Co

Glenview Trust Co grew its holdings in Apple Inc. (NASDAQ:AAPL) by 3.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,101,275 shares of the iPhone maker’s stock after buying an additional 32,927 shares during the quarter. Apple accounts for 4.4% of Glenview Trust Co’s investment portfolio, making the stock its 2nd largest position. Glenview Trust Co’s holdings in Apple were worth $279,493,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. DUTCH ASSET Corp grew its stake in Apple by 12.1% in the 1st quarter. DUTCH ASSET Corp now owns 8,128 shares of the iPhone maker’s stock valued at $2,063,000 after acquiring an additional 875 shares during the period. Long Road Investment Counsel LLC raised its position in Apple by 10.6% during the first quarter. Long Road Investment Counsel LLC now owns 29,100 shares of the iPhone maker’s stock worth $7,385,000 after acquiring an additional 2,800 shares during the period. One Charles Private Wealth Services LLC lifted its holdings in Apple by 0.4% during the first quarter. One Charles Private Wealth Services LLC now owns 30,121 shares of the iPhone maker’s stock valued at $7,644,000 after purchasing an additional 115 shares in the last quarter. Madison Asset Management LLC grew its position in shares of Apple by 2.8% in the first quarter. Madison Asset Management LLC now owns 201,086 shares of the iPhone maker’s stock valued at $51,033,000 after purchasing an additional 5,566 shares during the period. Finally, Resolute Advisors LLC grew its position in shares of Apple by 339.4% in the first quarter. Resolute Advisors LLC now owns 7,751 shares of the iPhone maker’s stock valued at $1,967,000 after purchasing an additional 5,987 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AAPL shares. DA Davidson restated a “neutral” rating and set a $270.00 price target on shares of Apple in a research report on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a report on Monday, June 8th. Royal Bank Of Canada set a $365.00 target price on Apple in a report on Wednesday, July 15th. Morgan Stanley decreased their target price on Apple from $364.00 to $360.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, China Renaissance downgraded Apple from a “buy” rating to a “hold” rating and set a $280.00 price objective for the company. in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $330.44.

Apple Stock Up 0.5%

Shares of AAPL opened at $312.41 on Friday. Apple Inc. has a 52-week low of $216.58 and a 52-week high of $344.57. The company has a market capitalization of $4.56 trillion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09. The stock has a fifty day simple moving average of $309.43 and a two-hundred day simple moving average of $283.02. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

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

Apple Announces Dividend

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

Insider Activity at Apple

In related news, insider Ben Borders sold 116 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.06% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: App Store revenue rose 0.6% year over year to $3.4 billion during the first 35 days of Apple’s fiscal fourth quarter, despite a 4% decline in iPhone and iPad downloads. Revenue per download increased 4.7% to $1.02, suggesting stronger monetization and supporting the Services business. Apple App Store revenue ticks up despite falling downloads
• Positive Sentiment: Apple’s fiscal third-quarter revenue reached a June-quarter record of $109.4 billion, up 16% year over year, while earnings exceeded estimates. Reports also point to broad iPhone, Mac and Services demand, resilient iPhone sales and continued growth in India, providing a fundamental counterweight to recent market concerns. Apple’s Quarterly iPhone Sales Were Even Better Than They Seem
• Positive Sentiment: Some analysts and market commentators continue to recommend buying the pullback, arguing that Apple’s ecosystem, product pipeline and long-term earnings potential remain attractive despite near-term volatility. 3 Reasons to Buy Apple Stock on the Dip
• Neutral Sentiment: OpenAI asked a federal judge to dismiss Apple’s trade-secrets lawsuit, denying that it misappropriated confidential information through former Apple employees. The filing creates legal and reputational uncertainty, although the financial impact is not yet clear. OpenAI asks US judge to dismiss Apple’s trade secrets case
• Negative Sentiment: Analysts at Phillip Securities, DZ Bank and China Renaissance lowered their views on Apple to Moderate Sell or Hold. Concerns include slowing Services growth, elevated memory costs, supply constraints, policy risks and Apple’s premium valuation.
• Negative Sentiment: Services revenue grew about 12% to $30.7 billion, making it the slowest-growing of Apple’s three largest businesses. Tim Cook also warned that rising memory prices could pressure margins, while the CEO transition adds uncertainty after a record quarter. Tim Cook’s Last Quarter as CEO

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.