Linden Rose Investment LLC Invests $26.25 Million in Apple Inc. $AAPL

Linden Rose Investment LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL) during the 4th quarter, Holdings Channel reports. The fund acquired 96,541 shares of the iPhone maker’s stock, valued at approximately $26,246,000. Apple accounts for about 21.8% of Linden Rose Investment LLC’s portfolio, making the stock its 2nd largest holding.

Several other hedge funds have also made changes to their positions in the business. Fisher Asset Management LLC boosted its holdings in shares of Apple by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker’s stock worth $14,992,196,000 after purchasing an additional 704,293 shares during the last quarter. Rooted Wealth Advisors Inc. boosted its holdings in Apple by 1.1% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 16,422 shares of the iPhone maker’s stock valued at $4,541,000 after acquiring an additional 179 shares during the last quarter. CYBER HORNET ETFs LLC boosted its holdings in Apple by 4.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 43,694 shares of the iPhone maker’s stock valued at $11,879,000 after acquiring an additional 2,008 shares during the last quarter. Churchill Financial Advisors LLC acquired a new position in Apple in the fourth quarter valued at $17,152,000. Finally, RHL Group LLC acquired a new position in Apple in the fourth quarter valued at $1,051,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of Apple in a report on Monday, June 1st. Wells Fargo & Company reiterated an “overweight” rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a report on Friday, May 1st. Bank of America reiterated a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of Apple in a report on Tuesday, May 26th. Stifel Nicolaus set a $330.00 target price on Apple in a report on Monday, March 2nd. Finally, Rosenblatt Securities lifted their target price on Apple from $268.00 to $276.00 and gave the company a “neutral” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.82.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new Siri AI and broader Apple Intelligence rollout could improve user engagement, strengthen the ecosystem, and support longer-term monetization across its large installed base. Apple introduces Siri AI, a profoundly more capable and personal assistant
• Positive Sentiment: Wedbush and other bullish analysts said the WWDC announcements could unlock significant AI-driven upside, with one note calling the event a potential catalyst for meaningful monetization across Apple’s installed base. AI Could Add $75-$100 to Apple Stock (AAPL), Says Top Wedbush Analyst after WWDC Event
• Neutral Sentiment: Apple expanded developer tools and AI frameworks, including cheaper access to its Foundation Models for smaller developers, which may help grow the ecosystem but is unlikely to move near-term earnings immediately. Apple bets cheaper AI will woo small developers
• Negative Sentiment: The market’s reaction suggests investors wanted a bigger AI breakthrough; several reports said Apple shares faded after the announcements as the new platform was seen as underwhelming versus high expectations. Apple (AAPL) Stock Slides after New AI Platform Underwhelms
• Negative Sentiment: Apple is still being viewed as late to AI, and some coverage framed WWDC as catch-up rather than a clear leadership moment, raising concerns that the announcements may not be enough to drive a new wave of hardware upgrades right away. Apple plays catch-up at WWDC

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the sale, the chief executive officer directly owned 3,280,418 shares of the company’s stock, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 97,759 shares of company stock worth $24,964,305. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 1.9%

Shares of AAPL opened at $301.54 on Tuesday. The stock’s 50-day moving average is $282.36 and its two-hundred day moving average is $271.63. The stock has a market cap of $4.43 trillion, a PE ratio of 36.46, a P/E/G ratio of 2.68 and a beta of 1.09. Apple Inc. has a 12 month low of $195.07 and a 12 month high of $317.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. Equities analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid 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 0.4%. The ex-dividend date was Monday, May 11th. Apple’s payout ratio is presently 13.06%.

Apple Company 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.