Apple Inc. $AAPL is Xponance LLC’s 2nd Largest Position

Xponance LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,699,721 shares of the iPhone maker’s stock after acquiring an additional 25,834 shares during the period. Apple makes up 7.5% of Xponance LLC’s investment portfolio, making the stock its 2nd largest position. Xponance LLC’s holdings in Apple were worth $1,005,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parnassus Investments LLC increased its position in Apple by 43.0% in the fourth quarter. Parnassus Investments LLC now owns 5,049,172 shares of the iPhone maker’s stock worth $1,372,668,000 after buying an additional 1,518,322 shares during the last quarter. UniSuper Management Pty Ltd increased its position in Apple by 1.4% in the fourth quarter. UniSuper Management Pty Ltd now owns 4,440,224 shares of the iPhone maker’s stock worth $1,207,119,000 after buying an additional 61,046 shares during the last quarter. Canopy Partners LLC increased its position in Apple by 0.7% in the fourth quarter. Canopy Partners LLC now owns 53,834 shares of the iPhone maker’s stock worth $14,635,000 after buying an additional 371 shares during the last quarter. Keel Point LLC increased its position in Apple by 7.7% in the fourth quarter. Keel Point LLC now owns 142,218 shares of the iPhone maker’s stock worth $38,663,000 after buying an additional 10,184 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its position in Apple by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 2,924,490 shares of the iPhone maker’s stock worth $795,052,000 after buying an additional 10,968 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent research reports. Rosenblatt Securities reissued a “neutral” rating and issued a $276.00 target price on shares of Apple in a research report on Tuesday. Barclays reissued an “underweight” rating on shares of Apple in a research report on Tuesday. Oppenheimer reissued a “market perform” rating on shares of Apple in a research report on Tuesday. Wells Fargo & Company reissued an “overweight” rating and issued a $310.00 target price (up from $300.00) on shares of Apple in a research report on Friday, May 1st. Finally, UBS Group reissued a “buy” rating on shares of Apple in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $314.59.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 30,002 shares of Apple stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of Apple stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the sale, the insider directly owned 38,713 shares of the company’s stock, valued at $11,226,770. This represents a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,759 shares of company stock worth $24,964,305 over the last three months. Corporate insiders own 0.06% of the company’s stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts and market commentators say Apple’s new Siri AI, stronger AI integration across iOS/macOS, and continued iPhone growth could support a longer-term upgrade cycle and services expansion. AI Integration and iPhone Growth Assert Apple Inc. (AAPL) as One of the Best Forever Stocks to Buy
• Positive Sentiment: Erste Group Bank raised its earnings estimates for Apple, signaling confidence in profit growth over the next two fiscal years.
• Positive Sentiment: Some investors see Apple as a durable large-cap holding with strong cash flow, margins, and a favorable balance sheet, which may help limit downside. Does Apple Stock Have More Upside?
• Neutral Sentiment: Several reports said the WWDC AI reveal was solid but not a major surprise, which may explain why the market’s reaction has been muted. Apple Unveils Siri AI. Here’s Why It’s Not Impressing Investors
• Neutral Sentiment: Media coverage noted that Siri’s upgrades are promising, but questions remain about whether they are enough to reaccelerate the stock near term. Siri upgrades show promise, but questions remain
• Neutral Sentiment: Jim Cramer and other commentators described Apple as one of the cleanest big-cap stories, but also suggested the broader market is cautious around the AI rollout timing. Apple’s AI News Underwhelms. Siri AI Release Concerns Persist.
• Negative Sentiment: Some analysts argue Apple’s AI announcement may not be enough to lift the stock because the monetization timeline is still unclear. Apple Just Introduced Next-Generation Siri AI at WWDC. Why That Might Not Be Enough to Give AAPL Stock a Boost.
• Negative Sentiment: Coverage from investors and traders suggests the market is still skeptical that Siri AI will materially change Apple’s competitive position versus rivals like Google, OpenAI, and Anthropic in the near term. Apple Just Delivered Bad News for OpenAI and Anthropic, but Alphabet Could Be a Winner

Apple Price Performance

Apple stock opened at $295.63 on Friday. Apple Inc. has a one year low of $195.07 and a one year high of $317.40. The business has a fifty day moving average price of $284.93 and a 200-day moving average price of $272.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market capitalization of $4.34 trillion, a P/E ratio of 35.75, a PEG ratio of 2.54 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping 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 period last year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a dividend of $0.27 per share. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, May 11th. Apple’s dividend payout ratio is 13.06%.

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.