McIlrath & Eck LLC Buys 5,378 Shares of Apple Inc. $AAPL

McIlrath & Eck LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 10.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,866 shares of the iPhone maker’s stock after acquiring an additional 5,378 shares during the quarter. Apple makes up approximately 1.1% of McIlrath & Eck LLC’s investment portfolio, making the stock its 29th largest position. McIlrath & Eck LLC’s holdings in Apple were worth $14,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orographic Financial Advisors LLC acquired a new position in Apple during the first quarter valued at approximately $8,178,000. Cornerstone Wealth LLC TN acquired a new position in shares of Apple during the 1st quarter worth approximately $2,261,000. Paragon Private Wealth Management LLC increased its position in shares of Apple by 2.6% during the 1st quarter. Paragon Private Wealth Management LLC now owns 60,128 shares of the iPhone maker’s stock worth $15,260,000 after purchasing an additional 1,519 shares during the last quarter. Hamilton Wealth LLC raised its stake in shares of Apple by 203.5% during the 1st quarter. Hamilton Wealth LLC now owns 364,434 shares of the iPhone maker’s stock worth $92,490,000 after purchasing an additional 244,347 shares in the last quarter. Finally, Financial Insights Inc. raised its stake in shares of Apple by 1.6% during the 1st quarter. Financial Insights Inc. now owns 49,313 shares of the iPhone maker’s stock worth $12,515,000 after purchasing an additional 769 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 1,439 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total value of $442,852.25. Following the transaction, the senior vice president owned 40,107 shares of the company’s stock, valued at approximately $12,342,929.25. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben Borders sold 116 shares of the 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 owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.

Apple Price Performance

NASDAQ:AAPL opened at $305.26 on Friday. Apple Inc. has a one year low of $223.78 and a one year high of $344.57. The company has a market cap of $4.46 trillion, a P/E ratio of 35.01, a P/E/G ratio of 2.59 and a beta of 1.09. The firm’s fifty day moving average price is $309.00 and its two-hundred day moving average price is $285.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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 company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. Equities analysts expect that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reportedly received approximately $2.2 billion in tariff refunds, which could support near-term cash flow and earnings. More than 40 S&P 500 companies have reported receiving refunds from the broader tariff program. S&P 500 Companies Claim First Payouts From $100 Billion Tariff Refund Wave
• Positive Sentiment: Apple opened a 20,000-square-foot Advanced Manufacturing Center in Houston, where it plans to assemble Mac mini computers and co-locate advanced AI-server production. The facility strengthens Apple’s U.S. manufacturing narrative and may improve supplier capabilities. Apple’s Tim Cook joined by Howard Lutnick in opening Houston manufacturing plant
• Positive Sentiment: Norway’s sovereign wealth fund disclosed Apple as its second-largest global holding, valued at roughly 522 billion Norwegian kroner. The position provides a signal of continued confidence from a major long-term investor. Apple Stock Rises While Norway Fund Reveals Huge Position
• Neutral Sentiment: Apple is negotiating performance-based licensing agreements with publishers to supply current content for an upgraded, AI-powered Siri. The deals could improve Siri’s usefulness, but the potential nine-figure expense would pressure services margins and monetization remains uncertain. Apple in Talks to Pay Publishers to Improve AI-Powered Siri
• Negative Sentiment: Jefferies reduced its Apple price target, questioning whether the company has enough product and artificial-intelligence momentum to justify its premium valuation. Google’s new Pixel 11 lineup also intensifies competition ahead of Apple’s expected Siri and iPhone updates. Apple Stock Falls After Jefferies Slashes Price Target
• Negative Sentiment: Rising memory and other component costs could erode Apple’s margins even if demand remains strong. Apple is testing Chinese supplier CXMT for DRAM, which could diversify supply but introduces geopolitical and quality-related risks. Apple Stock’s Biggest Risk Is The Memory Bill, Not Demand
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 Apple shares for approximately $443,000, reducing her direct stake by 3.46%. The transaction is relatively small but may add modest insider-selling pressure. Apple SEC Form 4 Insider Sale

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AAPL shares. Phillip Securities cut shares of Apple from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 3rd. DZ Bank lowered shares of Apple from a “buy” rating to a “hold” rating and set a $310.00 price target on the stock. in a research report on Tuesday, August 4th. Raymond James Financial reiterated a “market perform” rating on shares of Apple in a research note on Friday, July 31st. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a research report on Wednesday, July 15th. Finally, Morgan Stanley lowered their price objective on shares of Apple from $364.00 to $360.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $328.60.

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.