Apple Inc. $AAPL Stock Position Cut by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,979 shares of the iPhone maker’s stock after selling 5,380 shares during the quarter. Apple makes up 2.7% of Marks Group Wealth Management Inc’s holdings, making the stock its 2nd biggest position. Marks Group Wealth Management Inc’s holdings in Apple were worth $28,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Reyes Financial Architecture Inc. increased its stake in shares of Apple by 0.4% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after purchasing an additional 37 shares in the last quarter. WESPAC Advisors LLC raised its holdings in Apple by 0.3% in the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker’s stock worth $3,351,000 after purchasing an additional 39 shares during the period. Interactive Financial Advisors Inc. boosted its position in Apple by 4.0% during the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker’s stock worth $286,000 after purchasing an additional 40 shares in the last quarter. Sugar Maple Asset Management LLC boosted its position in Apple by 2.0% during the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker’s stock worth $515,000 after purchasing an additional 40 shares in the last quarter. Finally, Orion Investment Co grew its holdings in Apple by 0.3% in the fourth quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker’s stock valued at $3,902,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction 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 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AAPL. HSBC upgraded Apple from a “hold” rating to a “buy” rating and boosted their price objective for the company from $260.00 to $366.00 in a research report on Thursday, July 16th. Bank of America reiterated a “buy” rating and set a $380.00 target price on shares of Apple in a research report on Thursday, June 18th. DA Davidson reissued a “neutral” rating and issued a $270.00 price target on shares of Apple in a research note on Friday. Raymond James Financial reissued a “market perform” rating on shares of Apple in a report on Friday. Finally, TD Cowen upped their price objective on shares of Apple from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.60.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported record June-quarter revenue of $109.4 billion, up 16.4% year over year, and diluted EPS of $2.02, exceeding Wall Street expectations. iPhone revenue rose 22% to $54.3 billion, while Mac revenue increased 29% to $10.4 billion. Apple reports third quarter results
• Positive Sentiment: Apple’s large installed base, strong hardware demand and potential consumer-AI opportunities remain long-term supports. Some analysts remain bullish: TD Cowen raised its price target to $400, while other firms maintained Buy or Overweight ratings despite trimming estimates. Analyst raises Apple price target
• Positive Sentiment: The company declared a quarterly dividend of $0.27 per share, payable August 13 to shareholders of record August 10. Apple also continues to emphasize an AI strategy that requires less capital spending than the infrastructure-heavy approach used by some peers. Apple Q3 financial results

Apple Price Performance

NASDAQ:AAPL opened at $308.91 on Friday. The stock has a 50 day moving average of $309.51 and a two-hundred day moving average of $281.45. Apple Inc. has a 12 month low of $201.50 and a 12 month high of $344.57. The firm has a market cap of $4.54 trillion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 2.88 and a beta of 1.10. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL) last released its 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. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 142.29% and a net margin of 27.62%.The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share. On average, analysts expect that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

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.