Rayburn West Financial Services LLC Invests $3.79 Million in Apple Inc. $AAPL

Rayburn West Financial Services LLC acquired a new position in Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,935 shares of the iPhone maker’s stock, valued at approximately $3,788,000. Apple accounts for 2.4% of Rayburn West Financial Services LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after buying an additional 26,856,752 shares during the period. State Street Corp raised its holdings in shares of Apple by 0.9% during the 2nd quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker’s stock valued at $123,358,461,000 after buying an additional 5,224,229 shares during the period. Geode Capital Management LLC raised its holdings in shares of Apple by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker’s stock valued at $72,506,336,000 after buying an additional 4,942,638 shares during the period. Norges Bank purchased a new stake in shares of Apple during the 2nd quarter valued at about $38,942,255,000. Finally, Northern Trust Corp raised its holdings in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AAPL. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Monday, March 2nd. Citigroup reiterated a “buy” rating on shares of Apple in a report on Monday. Barclays reiterated an “underweight” rating and set a $253.00 target price (up from $248.00) on shares of Apple in a report on Friday, May 1st. UBS Group reiterated a “neutral” rating on shares of Apple in a report on Wednesday. Finally, Jefferies Financial Group set a $330.00 price objective on Apple in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.82.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investors are looking for WWDC to showcase a major Siri overhaul and new AI features, which could help justify a higher valuation if Apple demonstrates stronger product momentum. Article Title
• Positive Sentiment: Apple’s App Store generated more than $1.4 trillion in developer sales and billings last year, reinforcing the scale and stickiness of its Services ecosystem. Article Title
• Positive Sentiment: Analysts remain constructive on Apple’s AI roadmap and ecosystem strength, with several price-target hikes and Buy calls suggesting upside if the company executes at WWDC. Article Title
• Neutral Sentiment: Apple approved Poke as the first AI agent on its Messages for Business platform, showing early AI adoption inside its messaging ecosystem, but the near-term financial impact appears limited. Article Title
• Neutral Sentiment: Reports that Apple may use Google cloud servers and Nvidia chips to help power Siri signal a faster AI rollout, though they also highlight Apple’s reliance on outside infrastructure. Article Title
• Negative Sentiment: UBS warned that App Store growth is decelerating, which matters because App Store revenue is a key driver of Apple’s high-margin Services segment. Article Title
• Negative Sentiment: Apple agreed to submit India financials in a long-running antitrust case, keeping regulatory risk in focus as authorities move closer to a penalty decision. Article Title

Apple Price Performance

Shares of NASDAQ AAPL opened at $311.24 on Friday. Apple Inc. has a fifty-two week low of $195.07 and a fifty-two week high of $316.94. The business has a 50 day moving average price of $280.29 and a two-hundred day moving average price of $271.11. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm has a market cap of $4.57 trillion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 2.70 and a beta of 1.09.

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

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is 13.06%.

Insider Transactions at Apple

In other news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the transaction, the chief financial officer owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,759 shares of company stock worth $24,964,305 in the last quarter. Insiders own 0.06% of the company’s stock.

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.