Onex Canada Asset Management Inc. Has $29.39 Million Holdings in Apple Inc. $AAPL

Onex Canada Asset Management Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 115,428 shares of the iPhone maker’s stock after selling 2,296 shares during the quarter. Apple accounts for about 3.7% of Onex Canada Asset Management Inc.’s investment portfolio, making the stock its 7th biggest position. Onex Canada Asset Management Inc.’s holdings in Apple were worth $29,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. M Holdings Securities Inc. bought a new stake in shares of Apple during the 3rd quarter worth approximately $100,205,000. Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its holdings in Apple by 177.2% during the 3rd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 2,883 shares of the iPhone maker’s stock valued at $734,000 after acquiring an additional 1,843 shares during the period. Maia Wealth LLC grew its position in Apple by 7.7% in the 3rd quarter. Maia Wealth LLC now owns 32,723 shares of the iPhone maker’s stock valued at $8,817,000 after acquiring an additional 2,352 shares during the last quarter. Main Street Research LLC increased its stake in Apple by 19.3% in the third quarter. Main Street Research LLC now owns 351,315 shares of the iPhone maker’s stock worth $89,455,000 after purchasing an additional 56,921 shares during the period. Finally, Nicolet Advisory Services LLC increased its stake in Apple by 17.1% in the third quarter. Nicolet Advisory Services LLC now owns 190,450 shares of the iPhone maker’s stock worth $48,847,000 after purchasing an additional 27,794 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Scotiabank set a $330.00 target price on shares of Apple in a research note on Monday, February 2nd. Evercore reaffirmed an “outperform” rating on shares of Apple in a research note on Monday, March 2nd. KeyCorp reiterated a “sector weight” rating on shares of Apple in a report on Thursday. Citigroup reissued a “buy” rating and issued a $315.00 price objective (down from $330.00) on shares of Apple in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Apple from $315.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $297.58.

Apple Trading Down 2.2%

AAPL opened at $250.12 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. The firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 31.62, a PEG ratio of 2.28 and a beta of 1.10. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The stock has a fifty day moving average price of $262.08 and a 200-day moving average price of $261.30.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.17. The company had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.40 earnings per share. As a group, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s dividend payout ratio (DPR) is currently 13.15%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new low-cost devices (MacBook Neo, iPhone 17e) broaden addressable market and could win share versus cheaper Windows/Chromebooks — a strategic growth lever even if it pressures near-term margins. How Apple’s new low-cost MacBook Neo may shake up the market
• Positive Sentiment: Early Formula 1 ratings for AppleTV’s exclusive U.S. stream were strong, supporting the thesis that exclusive sports/content deals can grow Services subscriptions and engagement over time. Apple Gets Early Formula 1 Ratings Win
• Positive Sentiment: India’s plan to roll fresh smartphone manufacturing incentives could help Apple expand local production and improve margin/market access over the medium term. India plans fresh incentives for phone production
• Neutral Sentiment: Analyst views are mixed: a few firms raised targets or reiterated buys while others stay cautious/neutral; median price targets remain above the market, keeping a longer-term bullish backdrop but no unanimous near-term catalyst. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Apple cut its mainland China App Store commission to 25% (and mini-app fees to 12%) after regulator talks — good for developer relations but a direct hit to Services take-rate and near-term revenue in its second‑largest market. Apple cuts China App Store commission fees after government pressure
• Negative Sentiment: Strong insider selling and social/board chatter about a tech pullback and China demand risks are weighing on sentiment — traders are highlighting technical weakness and short-term bearish views. Apple Stock Opinions on Tech Sector Pullback
• Negative Sentiment: Macro and supply‑chain risks (memory/storage cost inflation and geopolitical disruption tied to the Iran war) could raise component costs and compress device margins if Apple absorbs price moves to hold consumer prices. The Iran War Could Upend AI. Here’s How.

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.