Apple Inc. $AAPL Shares Acquired by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. grew its holdings in Apple Inc. (NASDAQ:AAPL) by 350.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,307 shares of the iPhone maker’s stock after purchasing an additional 1,795 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Apple were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Isthmus Partners LLC raised its holdings in shares of Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock valued at $25,000 after buying an additional 5,808 shares during the period. Sellwood Investment Partners LLC raised its holdings in shares of Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after buying an additional 71 shares during the period. ROSS JOHNSON & Associates LLC raised its holdings 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 valued at $42,000 after buying an additional 180 shares during the period. LSV Asset Management purchased a new stake in shares of Apple in the 4th quarter valued at $65,000. Finally, 49 Wealth Management LLC raised its holdings in shares of Apple by 15.7% in the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker’s stock valued at $76,000 after buying an additional 40,543 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the company’s 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 sale, the chief executive officer owned 3,280,418 shares in the company, valued at $833,980,668.14. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O’brien sold 30,002 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total value of $7,661,010.70. Following the completion of the transaction, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 97,759 shares of company stock worth $24,964,305 in the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a report on Monday. Bank of America reiterated a “buy” rating and issued a $380.00 price objective (up from $330.00) on shares of Apple in a report on Tuesday, May 26th. Moffett Nathanson boosted their price objective on Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Wells Fargo & Company reiterated an “overweight” rating and issued a $310.00 price objective (up from $300.00) on shares of Apple in a report on Friday, May 1st. Finally, Stifel Nicolaus set a $330.00 price objective on Apple in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $314.59.

Apple Price Performance

Shares of NASDAQ AAPL opened at $295.63 on Friday. The stock’s 50-day moving average is $284.93 and its two-hundred day moving average is $272.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a 1-year low of $195.07 and a 1-year high of $317.40. The company has a market cap of $4.34 trillion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 2.54 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results 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 return on equity of 146.69% and a net margin of 27.15%.The company had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same quarter in the prior year, the business earned $1.65 EPS. Apple’s revenue was up 16.6% on a year-over-year basis. Analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a dividend of $0.27 per share. This is a positive change from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 13.06%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled a much more capable Siri AI and broader iOS/macOS upgrades, reinforcing the company’s AI strategy and supporting a longer-term growth narrative. Siri upgrades show promise, but questions remain
• Positive Sentiment: Several analysts lifted earnings expectations or reiterated confidence after WWDC, suggesting Apple’s fundamentals and services/iPhone ecosystem still support the stock. Analyst estimate updates
• Positive Sentiment: Coverage highlighted Apple’s strong cash flow, low debt, and momentum, with some commentary pointing to potential upside if the next iPhone cycle and services growth accelerate. Does Apple Stock Have More Upside?
• Neutral Sentiment: Apple was also cited as a “top stock” in Ken Griffin’s portfolio, which is supportive for sentiment but not a direct new catalyst. Apple Inc. (AAPL) Is A Top Stock In Ken Griffin’s Portfolio
• Negative Sentiment: Despite the AI reveal, multiple reports said investors were underwhelmed because much of the rollout looks incremental and some Siri features may not feel fully differentiated yet. Apple Unveils Siri AI. Here’s Why It’s Not Impressing Investors
• Negative Sentiment: Technical and options commentary pointed to caution, suggesting some traders still see limited near-term upside after the post-WWDC pullback. Option Activity Suggests Caution On Apple’s Intermediate-Term Outlook

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.