Steinberganna Wealth Management Purchases New Position in Apple Inc. $AAPL

Steinberganna Wealth Management purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 49,435 shares of the iPhone maker’s stock, valued at approximately $12,588,000. Apple makes up 5.9% of Steinberganna Wealth Management’s holdings, making the stock its 4th biggest holding.

Other hedge funds have also modified their holdings of the company. ROSS JOHNSON & Associates LLC grew its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. Nexus Investment Management ULC lifted its holdings in shares of Apple by 333.3% in the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after acquiring an additional 200 shares during the last quarter. LSV Asset Management purchased a new position in Apple in the fourth quarter worth about $65,000. Morgan Dempsey Capital Management LLC increased its stake in Apple by 41.0% during the second quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker’s stock worth $88,000 after acquiring an additional 125 shares during the last quarter. Finally, HFM Investment Advisors LLC purchased a new stake in Apple during the first quarter valued at approximately $99,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Up 0.7%

AAPL stock opened at $258.28 on Friday. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The firm’s 50-day moving average is $268.62 and its 200 day moving average is $251.07. The company has a market capitalization of $3.80 trillion, a PE ratio of 34.58, a P/E/G ratio of 2.39 and a beta of 1.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.19. The business had revenue of $143.76 billion for the quarter, compared to the consensus estimate of $138.25 billion. Apple had a net margin of 26.92% and a return on equity of 164.05%. On average, research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Monday, February 9th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is 13.92%.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the sale, the insider directly owned 15,098 shares in the company, valued at approximately $4,095,030.54. This represents a 19.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Quarterly beat — Apple reported revenue of ~$143.8B and EPS $2.84, topping Street estimates and showing 16% revenue growth driven largely by iPhone strength. Reuters: Apple sales, profit beat
• Positive Sentiment: Upbeat guidance on margins — Management projected gross margins above expectations for the next quarter, reassuring investors that Apple can absorb higher memory costs through product mix and pricing. MarketWatch: Tim Cook addresses margin question
• Positive Sentiment: iPhone, China and installed base tailwinds — Record iPhone revenue (~$85B) and a big China rebound (double‑digit growth) plus an active installed base above 2.5B support services and upgrade opportunity. Benzinga: iPhone demand and installed base
• Neutral Sentiment: AI M&A signals intent — Apple bought audio‑AI startup Q.ai, strengthening its audio/voice AI capabilities, but the deal provides strategic signal more than immediate revenue upside. TechCrunch: Apple acquires Q.ai
• Neutral Sentiment: Services growth held up but was broadly in line with expectations, so the quarter’s upside was driven mainly by hardware mix rather than a surprise services acceleration. MarketBeat: Earnings and call transcript
• Negative Sentiment: Supply constraints — Apple said it couldn’t fully satisfy iPhone demand because of chip constraints, implying some near‑term upside was supply‑limited rather than demand‑capped. CNBC: Apple can’t secure enough chips
• Negative Sentiment: Rising component costs — Analysts flagged higher memory prices and cost pressure; investors remain watchful whether margin guidance can hold if input costs continue to climb. WSJ: Investors focus on higher costs
• Negative Sentiment: AI clarity still limited — Management declined to add material detail on broader AI strategy and how Gemini/partnered models will monetize at scale, leaving an open question for longer‑term growth expectations. TalkMarkets: Can Apple shake off AI struggles?

Analyst Ratings Changes

A number of brokerages have recently commented on AAPL. Barclays lifted their target price on Apple from $180.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. Bank of America lifted their price objective on shares of Apple from $270.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Jefferies Financial Group set a $276.47 price objective on shares of Apple and gave the company a “hold” rating in a research report on Monday. DA Davidson raised their target price on shares of Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Melius Research set a $345.00 price target on shares of Apple in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $282.80.

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.