Hurley Capital LLC Raises Stock Holdings in Apple Inc. $AAPL

Hurley Capital LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 45.9% during the third quarter, Holdings Channel reports. The fund owned 8,339 shares of the iPhone maker’s stock after purchasing an additional 2,622 shares during the quarter. Apple comprises 1.2% of Hurley Capital LLC’s portfolio, making the stock its 22nd biggest holding. Hurley Capital LLC’s holdings in Apple were worth $2,123,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC lifted its holdings in Apple by 21.0% in the 3rd quarter. Empirical Asset Management LLC now owns 93,681 shares of the iPhone maker’s stock valued at $23,854,000 after purchasing an additional 16,270 shares in the last quarter. Lummis Asset Management LP raised its position in shares of Apple by 18.7% in the third quarter. Lummis Asset Management LP now owns 55,408 shares of the iPhone maker’s stock valued at $14,109,000 after buying an additional 8,714 shares during the last quarter. RWA Wealth Partners LLC raised its position in shares of Apple by 7.0% in the third quarter. RWA Wealth Partners LLC now owns 785,404 shares of the iPhone maker’s stock valued at $199,739,000 after buying an additional 51,682 shares during the last quarter. Vawter Financial Ltd. purchased a new position in shares of Apple during the third quarter valued at approximately $2,750,000. Finally, Waddell & Associates LLC boosted its position in Apple by 13.1% during the third quarter. Waddell & Associates LLC now owns 58,951 shares of the iPhone maker’s stock worth $15,011,000 after acquiring an additional 6,831 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: India manufacturing surge lowers China concentration and tariff risk — Apple now makes roughly 25% of iPhones after a ~53% increase in India production last year, reducing geopolitical/tariff exposure and supporting margin resilience. Apple now makes one in four iPhones in India: report
• Positive Sentiment: Move into lower‑priced devices could grow ecosystem and unit volumes — coverage highlights Apple’s new budget‑friendly iPhone 17e and a $599 MacBook Neo as deliberate steps to expand market share while protecting services revenue. Apple’s Newest Phone and Laptop Are More Budget-Friendly. Premium Products Could Be Next
• Positive Sentiment: Analyst support remains — Citi reiterated a Buy and $315 target, citing resilient margins, expanding services and emerging AI upside, which underpins upside narratives despite cost pressures. Apple: Resilient Margins, Expanding Services, and Emerging AI Upside Support Buy Rating and $315 Target
• Neutral Sentiment: PC market dynamics could be a relative winner for Apple — analysis suggests industry weakness (memory cost shock) may hurt rivals more than Apple, potentially supporting Mac share gains. The PC Collapse Has a Winner — and It’s Not Who You Think
• Neutral Sentiment: Supplier shifts and competitor headlines — Bank of America warns Qualcomm faces loss of Apple business; this is more a negative for Qualcomm but signals Apple’s growing in‑house or alternate sourcing strategies. Qualcomm faces loss of Apple business, competitive pressures, says Bank of America
• Negative Sentiment: Siri/AI issues delaying smart‑home hardware — Reported Siri troubles have pushed back a smart home display launch, signaling execution and AI software risks for new product lines. Apple’s Siri Troubles Put Smart Home Display On Hold
• Negative Sentiment: Regulatory friction in Europe — German publishers say Apple’s revised app tracking rules don’t fix antitrust concerns and urge fines, adding potential regulatory/legal risk to its services/advertising ecosystem. German publishers reject Apple’s revised app tracking rules, urge antitrust fine
• Negative Sentiment: Memory cost headwinds — Coverage flags rising DRAM prices as a near‑term margin pressure (a possible ~140bps headwind), which could temper profit expansion even as revenue grows. Apple Stock — Why Analysts Still Like It Despite A Memory Squeeze

Analyst Ratings Changes

Several research firms have commented on AAPL. Wedbush reaffirmed an “outperform” rating and issued a $350.00 target price on shares of Apple in a research note on Wednesday, March 4th. KGI Securities raised Apple to an “outperform” rating and set a $306.00 price objective for the company in a research report on Friday, January 30th. Raymond James Financial reiterated a “market perform” rating on shares of Apple in a research report on Friday, January 2nd. Citigroup reissued a “buy” rating and issued a $315.00 price target (down from $330.00) on shares of Apple in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $297.58.

Apple Trading Up 0.4%

NASDAQ AAPL opened at $260.83 on Wednesday. The firm has a market capitalization of $3.83 trillion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The company’s 50 day moving average price is $263.04 and its 200 day moving average price is $261.18.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were given a dividend of $0.26 per share. 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 dividend payout ratio is 13.15%.

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.