Apple Inc. $AAPL is Occidental Asset Management LLC’s 2nd Largest Position

Occidental Asset Management LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,600 shares of the iPhone maker’s stock after purchasing an additional 10,026 shares during the quarter. Apple makes up about 5.2% of Occidental Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Occidental Asset Management LLC’s holdings in Apple were worth $41,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AAPL. Vanguard Group Inc. boosted its position in Apple by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker’s stock valued at $290,506,933,000 after acquiring an additional 15,141,995 shares in the last quarter. State Street Corp lifted its stake in shares of Apple by 0.9% in 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 purchasing an additional 5,224,229 shares during the period. Geode Capital Management LLC boosted its position in shares of Apple by 1.4% during the second quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker’s stock valued at $72,506,336,000 after purchasing an additional 4,942,638 shares in the last quarter. Norges Bank bought a new stake in shares of Apple during the second quarter valued at approximately $38,942,255,000. Finally, Northern Trust Corp grew its stake in Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple posted stronger-than-expected quarterly results and continued iPhone strength, which underpins revenue and margin resilience. Here’s Why Apple’s Stock Dropped 5% Today
• Positive Sentiment: Bernstein raised its price target and bullish analyst notes highlight Apple’s AI roadmap and services upside, offering a longer-term constructive view. Sanford C. Bernstein Raises Apple Price Target to $340.00
• Positive Sentiment: Apple bought full rights to the hit show “Severance” and will produce future seasons in-house — a strategic push for Apple TV+ that can boost content control and margins long term. Apple acquires all rights to Severance, will produce future seasons in-house
• Neutral Sentiment: Vision Pro added YouTube, which improves platform utility, but VR demand is reported to be cooling — a mixed signal for device adoption and services monetization. Apple’s Vision Pro Gets YouTube, but VR Demand Keeps Sliding
• Negative Sentiment: Multiple reports say Apple’s major Siri AI upgrade has run into testing problems and will be delayed, undermining near-term AI momentum and stoking investor concern about execution. Apple has worst day since April as company faces FTC scrutiny, Siri delay reports
• Negative Sentiment: The FTC has publicly raised concerns about alleged bias in Apple News and asked CEO Tim Cook to review curation policies, adding regulatory risk and political headlines that can pressure shares. US FTC airs concerns over allegations that Apple suppresses right-wing content on Apple News
• Negative Sentiment: Wider market AI fears and reports that investors are marking down Apple’s valuation led to an estimated ~$200B market-cap hit as funds rotate away from megacap AI exposure. Apple sees $200 billion market-cap wipeout as stock slides on AI fears

Apple Trading Down 5.0%

Shares of NASDAQ AAPL opened at $261.73 on Friday. The firm’s 50 day moving average price is $267.08 and its 200-day moving average price is $255.22. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The company has a market cap of $3.84 trillion, a PE ratio of 33.09, a P/E/G ratio of 2.46 and a beta of 1.09.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a $0.26 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s payout ratio is currently 13.15%.

Analysts Set New Price Targets

AAPL has been the topic of a number of research reports. TD Cowen restated a “buy” rating and set a $325.00 target price on shares of Apple in a report on Friday, January 30th. UBS Group reissued a “buy” rating on shares of Apple in a research report on Tuesday, February 3rd. Morgan Stanley restated an “overweight” rating and issued a $315.00 price objective (up previously from $305.00) on shares of Apple in a report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their target price on shares of Apple from $315.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Rosenblatt Securities boosted their price target on Apple from $250.00 to $267.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $292.13.

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.