Apple Inc. $AAPL is Eagle Global Advisors LLC’s Largest Position

Eagle Global Advisors LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,070,107 shares of the iPhone maker’s stock after selling 2,065 shares during the quarter. Apple accounts for approximately 10.8% of Eagle Global Advisors LLC’s investment portfolio, making the stock its biggest holding. Eagle Global Advisors LLC’s holdings in Apple were worth $290,919,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Financial Plan Inc. purchased a new stake in shares of Apple during the 4th quarter valued at $8,074,000. Carmel Capital Management L.L.C. increased its position in shares of Apple by 0.3% during the 4th quarter. Carmel Capital Management L.L.C. now owns 49,687 shares of the iPhone maker’s stock valued at $13,508,000 after purchasing an additional 145 shares during the last quarter. Salomon & Ludwin LLC increased its position in shares of Apple by 1.0% during the 4th quarter. Salomon & Ludwin LLC now owns 69,693 shares of the iPhone maker’s stock valued at $18,626,000 after purchasing an additional 710 shares during the last quarter. Planned Solutions Inc. increased its position in shares of Apple by 12.6% during the 4th quarter. Planned Solutions Inc. now owns 22,206 shares of the iPhone maker’s stock valued at $6,037,000 after purchasing an additional 2,488 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC increased its position in shares of Apple by 0.3% during the 4th quarter. Morey & Quinn Wealth Partners LLC now owns 29,141 shares of the iPhone maker’s stock valued at $7,922,000 after purchasing an additional 91 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly planning a broad set of AI features for iOS 27, including writing help, app shortcuts, and other Siri enhancements, signaling a stronger product roadmap for the next iPhone cycle.
• Positive Sentiment: Reports that Apple’s revamped Siri may lean on Google Gemini suggest Apple is willing to use outside AI to accelerate its assistant overhaul, which could improve competitive positioning faster than building everything in-house. Apple’s Next-Gen Siri App May Lean Heavily on Google’s AI
• Positive Sentiment: Wall Street commentary highlighted Apple’s services business as a potential earnings engine, with some analysts seeing a path to higher EPS if the ecosystem continues to expand.
• Positive Sentiment: Hedge-fund interest also remains supportive, with Viking Global reportedly opening a fresh Apple stake worth nearly $1 billion, reinforcing institutional confidence in the stock.
• Neutral Sentiment: Apple’s upcoming WWDC is expected to center on AI integration, but it is still a preview event rather than a revenue event, so the near-term impact depends on how compelling the announcements are. Apple Reveals Dates of Tim Cook’s Final WWDC as CEO
• Neutral Sentiment: Social chatter around satellite connectivity and other hardware upgrades points to continued innovation interest, but these themes are longer-term and less likely to move the stock immediately.
• Negative Sentiment: Apple is facing renewed regulatory pressure after an Indian court ordered the company to fully cooperate in an App Store antitrust probe, adding another legal overhang for investors.
• Negative Sentiment: Reports that Apple is discounting iPhone 17 models in China highlight ongoing competition and margin pressure in a critical market, which could temper enthusiasm if price cuts deepen.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value of $16,511,984.27. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 97,759 shares of company stock worth $24,964,305. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stifel Nicolaus set a $330.00 price target on Apple in a research note on Monday, March 2nd. Rosenblatt Securities increased their price target on Apple from $268.00 to $276.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Royal Bank Of Canada set a $325.00 price target on Apple in a research note on Monday, February 2nd. KGI Securities upgraded Apple to an “outperform” rating and set a $306.00 price target for the company in a research note on Friday, January 30th. Finally, Wedbush reiterated an “outperform” rating and set a $400.00 price target (up from $350.00) on shares of Apple in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $308.74.

Apple Stock Down 0.8%

Shares of NASDAQ AAPL opened at $297.84 on Tuesday. The business has a 50-day simple moving average of $266.12 and a two-hundred day simple moving average of $267.68. Apple Inc. has a 52 week low of $193.46 and a 52 week high of $303.20. The company has a market cap of $4.37 trillion, a P/E ratio of 36.01, a P/E/G ratio of 2.61 and a beta of 1.06. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $109.46 billion. During the same quarter last year, the firm posted $1.65 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

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

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.