Parr Mcknight Wealth Management Group LLC Has $30.70 Million Holdings in Apple Inc. $AAPL

Parr Mcknight Wealth Management Group LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 120,972 shares of the iPhone maker’s stock after buying an additional 2,499 shares during the period. Apple makes up approximately 4.0% of Parr Mcknight Wealth Management Group LLC’s holdings, making the stock its 2nd biggest holding. Parr Mcknight Wealth Management Group LLC’s holdings in Apple were worth $30,702,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First National Bank of Hutchinson raised its holdings in shares of Apple by 24.6% during the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after acquiring an additional 6,982 shares during the period. Eagle Capital Management LLC boosted its stake in Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock worth $13,544,000 after purchasing an additional 272 shares during the period. Brighton Jones LLC increased its holdings in Apple by 14.8% during the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock worth $134,554,000 after purchasing an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Apple by 4.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock worth $16,742,000 after purchasing an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE raised its stake in shares of Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock valued at $12,587,000 after purchasing an additional 1,155 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $336.91 on Tuesday. The firm has a market capitalization of $4.95 trillion, a P/E ratio of 40.74, 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. The firm’s fifty day moving average price is $307.40 and its two-hundred day moving average price is $279.61. Apple Inc. has a 1 year low of $201.50 and a 1 year high of $339.57.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 EPS. As a group, research analysts anticipate that Apple Inc. will post 8.76 EPS for the current year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This is an increase from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple’s dividend payout ratio is 13.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group restated a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Bank of America reissued a “buy” rating and issued a $380.00 target price on shares of Apple in a research report on Thursday, June 18th. Evercore restated an “outperform” rating on shares of Apple in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Apple in a research report on Wednesday, July 15th. Finally, Morgan Stanley set a $364.00 price target on shares of Apple and gave the stock an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $327.40.

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 1,274 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the transaction, the insider owned 38,713 shares of the company’s stock, valued at $11,226,770. The trade was a 3.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Market-cap leadership and momentum: Apple reclaimed the title of the world’s largest company as Nvidia shares declined. The move reinforces investor confidence in Apple’s resilient consumer business and has made AAPL a relative outperformer among major technology stocks. Apple ends day as world’s most valuable company, passing Nvidia
• Positive Sentiment: Earnings optimism: Apple reports results on July 30, with analysts expecting continued iPhone demand, Services growth, and potentially strong Mac revenue. Goldman Sachs raised its price target and expects performance above consensus on iPhone and Mac sales, while Bank of America anticipates a Services-driven earnings beat. Goldman Raises Apple Stock Price Target
• Positive Sentiment: Investor positioning: Options activity indicates traders are preparing for a sizable upward move following earnings. The stock has risen about 20% from its late-June low, reflecting elevated expectations for the report and Apple’s product ecosystem. Apple options are doing something unusual into earnings
• Neutral Sentiment: Future product catalysts: Apple is reportedly emphasizing privacy as it develops smart glasses for a potential 2027 launch, while investors continue to speculate about a foldable iPhone and incoming CEO John Ternus’s ability to drive the next major product cycle. Apple Puts Privacy at Center of Smart Glasses Push
• Negative Sentiment: AI execution concerns: Investors remain divided over Apple’s comparatively restrained AI spending and strategy, particularly as rivals commit hundreds of billions of dollars to AI infrastructure. A disappointing outlook or evidence that Apple is falling behind could pressure the stock after its strong run. Apple Is Barely Spending on AI
• Negative Sentiment: Valuation and component-cost risks: At roughly 41 times earnings, Apple has limited room for an earnings miss. Potential tariffs and higher memory-chip prices could increase iPhone production costs and compress hardware margins, although Apple is reportedly seeking permission to use Chinese memory components in international devices. Apple stock and memory-cost analysis

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.