Iams Wealth Management LLC Has $4.91 Million Stake in Apple Inc. $AAPL

Iams Wealth Management LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,041 shares of the iPhone maker’s stock after selling 5,005 shares during the period. Apple comprises about 1.8% of Iams Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Iams Wealth Management LLC’s holdings in Apple were worth $4,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Apple by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after acquiring an additional 5,005,297 shares during the period. State Street Corp grew its position 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 acquiring an additional 5,224,229 shares during the period. Geode Capital Management LLC grew its position in shares of Apple by 1.4% in 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 acquiring an additional 4,942,638 shares during the period. Norges Bank bought a new position in shares of Apple in the 2nd quarter valued at about $38,942,255,000. Finally, Northern Trust Corp grew its position in shares of Apple by 13.3% in 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 acquiring an additional 20,079,472 shares during the period. Institutional investors own 67.73% of the company’s stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s latest earnings showed record-like strength, with revenue and EPS beating estimates and iPhone sales surging, reinforcing confidence in the company’s core business and margin profile.
• Positive Sentiment: Apple is being viewed more favorably on AI and product innovation, with analysts and commentators highlighting a coming WWDC catalyst, deeper AI integration, and potential new growth from wearables, Vision products, and smart glasses.
• Positive Sentiment: Reports that Apple may use Intel for some chip production could be seen as strategically positive because it reduces reliance on a single supplier and may improve long-term supply-chain resilience. Article Title
• Positive Sentiment: Apple’s pricing power remains intact, as it reportedly raised the Mac mini’s starting price while still seeing strong demand and backorders, suggesting healthy interest in its hardware lineup.
• Neutral Sentiment: Apple will pay its quarterly dividend today, which supports the stock’s income appeal but is not likely a major near-term share-price driver.
• Negative Sentiment: Director Arthur Levinson’s $71 million stock sale may temper enthusiasm a bit, since insider selling near highs can signal management caution or profit-taking.
• Negative Sentiment: Some coverage warns that Apple’s stock may be getting stretched after its run-up, and rising component costs could pressure future margins if consumer hardware pricing becomes harder to manage.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. KGI Securities raised shares of Apple to an “outperform” rating and set a $306.00 price objective for the company in a research report on Friday, January 30th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $310.00 target price (up from $300.00) on shares of Apple in a report on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $330.00 target price (up from $315.00) on shares of Apple in a report on Friday, May 1st. Wedbush reaffirmed an “outperform” rating and set a $400.00 target price (up from $350.00) on shares of Apple in a report on Friday. Finally, Monness Crespi & Hardt lifted their target price on shares of Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $305.74.

Apple Price Performance

Shares of Apple stock opened at $292.68 on Tuesday. Apple Inc. has a twelve month low of $193.46 and a twelve month high of $294.76. 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 company has a 50-day simple moving average of $262.63 and a two-hundred day simple moving average of $266.47. The stock has a market capitalization of $4.30 trillion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

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, topping the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter in the previous year, the company earned $1.65 EPS. The business’s revenue was up 16.6% on a year-over-year basis. Analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be paid a $0.27 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio is presently 12.58%.

Insiders Place Their Bets

In other Apple news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. The trade was a 10.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the sale, the chief executive officer owned 3,280,418 shares of the company’s stock, valued at $833,980,668.14. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 96,485 shares of company stock worth $24,594,845 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

About Apple

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.