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Tag: AAPL

  • Asset Management Advisors LLC Cuts Holdings in Apple Inc. $AAPL

    Asset Management Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,557 shares of the iPhone maker’s stock after selling 405 shares during the quarter. Apple makes up approximately 4.6% of Asset Management Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Asset Management Advisors LLC’s holdings in Apple were worth $6,885,000 as of its most recent filing with the SEC.

    A number of other institutional investors also recently bought and sold shares of AAPL. Kingstone Capital Partners Texas LLC grew its holdings in Apple by 573,627.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after purchasing an additional 205,656,808 shares during the last quarter. Nuveen LLC bought a new stake in Apple in the first quarter worth about $17,472,482,000. Northern Trust Corp boosted its position in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. Amundi grew its stake in shares of Apple by 27.4% during the first quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock valued at $13,870,795,000 after buying an additional 14,651,321 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Apple by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after buying an additional 13,137,968 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

    Insiders Place Their Bets

    In other news, insider Chris Kondo sold 3,752 shares of Apple stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the transaction, the insider owned 15,098 shares of the company’s stock, valued at $4,095,030.54. The trade was a 19.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 228,052 shares of company stock worth $58,604,588. Insiders own 0.06% of the company’s stock.

    Apple Stock Down 0.0%

    Shares of NASDAQ AAPL opened at $267.44 on Wednesday. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $277.32. The stock’s fifty day simple moving average is $257.18 and its two-hundred day simple moving average is $227.87. The stock has a market capitalization of $3.95 trillion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

    Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. During the same period in the prior year, the business posted $1.64 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

    Apple Dividend Announcement

    The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s dividend payout ratio is presently 13.92%.

    Wall Street Analyst Weigh In

    A number of equities research analysts recently issued reports on the company. Rosenblatt Securities raised their price target on Apple from $241.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. CLSA upgraded Apple to a “strong-buy” rating in a research report on Sunday, October 5th. Raymond James Financial reissued an “outperform” rating and set a $240.00 target price (up from $230.00) on shares of Apple in a research note on Friday, August 1st. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and raised their price target for the stock from $226.00 to $315.00 in a research note on Monday, October 20th. Finally, TD Cowen boosted their price objective on shares of Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.22.

    Read Our Latest Research Report on Apple

    Apple Profile

    (Free Report)

    Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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    Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

    Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)



    Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • These 5 tech stocks could let you play earnings season like a pro

    These 5 tech stocks could let you play earnings season like a pro

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  • Apple, Trade Thaw Lift Stocks Toward New Highs

    Easing trade tensions and a big gain in Apple shares helped drive stocks back toward records on Monday, the start of a heavy week of corporate earnings.

    Indexes opened with gains, with some investors saying sentiment was buoyed by President Trump saying he will soon meet with China’s leader, Xi Jinping, and Treasury Secretary Scott Bessent’s Friday comments that he will meet with his Chinese counterpart in person this week. 

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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  • Apple Inc. $AAPL Position Raised by Stevens Capital Management LP

    Stevens Capital Management LP raised its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 631.1% during the first quarter, HoldingsChannel reports. The firm owned 94,932 shares of the iPhone maker’s stock after buying an additional 81,947 shares during the quarter. Apple comprises 5.2% of Stevens Capital Management LP’s holdings, making the stock its 3rd largest position. Stevens Capital Management LP’s holdings in Apple were worth $21,087,000 as of its most recent SEC filing.

    A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Apple by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock valued at $349,532,608,000 after buying an additional 49,168,843 shares during the last quarter. Geode Capital Management LLC grew its stake in Apple by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock worth $84,999,145,000 after purchasing an additional 6,307,413 shares in the last quarter. Norges Bank bought a new position in Apple in the fourth quarter worth approximately $46,868,648,000. Northern Trust Corp boosted its position in Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after acquiring an additional 20,079,472 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Apple by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after acquiring an additional 13,137,968 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

    Analyst Upgrades and Downgrades

    Several analysts have issued reports on the company. Bank of America increased their target price on Apple from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 target price (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $217.00 target price on shares of Apple in a research report on Tuesday, July 29th. Barclays increased their target price on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. Finally, Loop Capital dropped their target price on Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $237.73.

    Check Out Our Latest Research Report on Apple

    Apple Stock Performance

    Shares of AAPL stock opened at $238.47 on Thursday. The firm has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 36.19, a price-to-earnings-growth ratio of 2.42 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The business has a fifty day moving average of $217.73 and a 200 day moving average of $212.92. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10.

    Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. As a group, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

    Apple Announces Dividend

    The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is 15.78%.

    Insider Transactions at Apple

    In related news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the transaction, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is owned by company insiders.

    Apple Company Profile

    (Free Report)

    Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

    Read More

    Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

    Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)



    Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Stonebridge Capital Management Inc. Sells 8,650 Shares of Apple Inc. (NASDAQ:AAPL)

    Stonebridge Capital Management Inc. Sells 8,650 Shares of Apple Inc. (NASDAQ:AAPL)

    Stonebridge Capital Management Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 8.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,538 shares of the iPhone maker’s stock after selling 8,650 shares during the period. Apple comprises 9.0% of Stonebridge Capital Management Inc.’s investment portfolio, making the stock its biggest holding. Stonebridge Capital Management Inc.’s holdings in Apple were worth $16,528,000 as of its most recent SEC filing.

    A number of other institutional investors and hedge funds also recently made changes to their positions in the business. IFM Investors Pty Ltd grew its position in shares of Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. grew its position in shares of Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after acquiring an additional 1,040 shares during the period. Markel Corp grew its position in shares of Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC grew its position in shares of Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC grew its position in shares of Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 58.51% of the company’s stock.

    Insider Buying and Selling at Apple

    In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

    Wall Street Analysts Forecast Growth

    AAPL has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. DA Davidson started coverage on shares of Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target for the company. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and raised their price target for the company from $208.00 to $225.00 in a report on Thursday, January 18th. Piper Sandler cut their price target on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Finally, Morgan Stanley raised their price target on shares of Apple from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $205.27.

    Get Our Latest Stock Analysis on AAPL

    Apple Stock Down 0.2 %

    AAPL opened at $172.62 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average price of $183.39 and a 200-day moving average price of $183.31. Apple Inc. has a twelve month low of $151.64 and a twelve month high of $199.62. The stock has a market capitalization of $2.67 trillion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.06 and a beta of 1.29.

    Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the previous year, the company earned $1.88 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 6.55 earnings per share for the current year.

    Apple Dividend Announcement

    The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. Apple’s dividend payout ratio is currently 14.95%.

    Apple Company Profile

    (Free Report)

    Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

    Read More

    Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

    Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

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  • Stock investors fear ‘no-landing’ economy could spell trouble. What’s next?.

    Stock investors fear ‘no-landing’ economy could spell trouble. What’s next?.


    While the U.S. stock market has been pricing in a “soft-landing” scenario for the economy, a blowout January jobs report, relatively strong corporate earnings, and Federal Reserve Jerome Powell’s comments during the past week could point to the possibility of “no landing,” where the economy is resilient while inflation stays on target.  

    Such a scenario could still be positive for U.S. stocks, as long as inflation remains steady, according to Richard Flax, chief investment officer at Moneyfarm. However, if inflation reaccelerates, the Fed may be hesitant to cut its policy interest rate much, which could spell trouble, Flax said in a call. 

    What the past week tells us

    Investors have just gone through the busiest week so far this year for economic data and corporate earnings reports, with stocks ending at or near their record highs.

    The Dow Jones Industrial Average
    DJIA
    finished the week with its nineth record close of 2024, according to Dow Jones Market Data. The S&P 500 index
    SPX
    scored its seventh record close this year on Friday, while the Nasdaq Composite
    COMP
    is about 2.7% lower from its peak.

    The Fed kept its policy interest rate unchanged in the range of 5.25% to 5.5% at its Wednesday meeting, as expected. However, in the subsequent press conference, Fed Chair Jerome Powell threw cold water on market expectations that the central bank may start cutting its key interest rate in March, and underscored that they want “greater confidence” in disinflation. 

    Roger Ferguson, former Fed vice chairman, said Powell introduced “a new kind of risk, the risk of no landing.” 

    In that scenario, inflation will stop falling, while the economy is strong, Ferguson said in an interview with CNBC on Thursday. However, Ferguson said he doesn’t think it is the likely outcome.   

    Traders were pricing in a 20.5% likelihood on Friday that the Fed will cut its interest rates in its March meeting, according to the CME FedWatch tool and that’s down from over 46% chance a week ago. The likelihood that the Fed will kick off its rate cutting program in May stood at 58.6% on Friday.  

    The stronger-than-expected January jobs data released on Friday further eliminates the chance of a rate cut in March, said Flax. 

    The U.S. economy added a whopping 353,000 new jobs in January while economists polled by The Wall Street Journal had forecast a 185,000 increase in new jobs. Hourly wages rose a sharp 0.6% in January, the biggest increase in almost two years.

    The past week has also been heavy with earnings reports, as several tech giants including Microsoft
    MSFT,
    +1.84%    ,
    Apple
    AAPL,
    -0.54%    ,
    Meta
    META,
    +20.32%    ,
    and Amazon
    AMZN,
    +7.87%
    reported their financial results for the fourth quarter of 2023. 

    Among the 220 S&P 500 companies that have reported their earnings so far, 68% have beaten estimates, with their earnings exceeding the expectation by a median of 7%, analysts at Fundstrat wrote in a Friday note.  

    While the reported earnings by big tech companies have been “okay,” the guidance was not, said José Torres, senior economist at Interactive Brokers.

    What has been driving the tech stocks’ rally since last year was mostly the prospect of sales from artificial intelligence products, but tech companies are not able to monetize the trend yet, Torres said in a phone interview. 

    Adding to the headwinds is a comeback of concerns around regional banks. 

    On Thursday, New York Community Bancorp Inc.’s stock triggered the steepest drop in regional-bank stocks since the collapse of Silicon Valley Bank in March 2023. New York Community Bancorp on Wednesday posted a surprise loss and signaled challenges in the commercial real estate sector with troubled loans.

    Meanwhile, the Fed’s bank term funding program, which was launched in March last year to bolster the capacity of the banking system, will expire on March 11. 

    If the Fed could start cutting its key interest rate in March, it would be “sort of like the ambulance that was going to pick regional banks up and save them,” said Torres. “Now the ambulance is coming in May at the earliest, I think that we’re in a particularly risky period from now to May,” Torres said. 

    What should investors do 

    Investors should go risk-off before May, according to Torres. “Last year, goods and commodities helped a lot on the disinflationary front. This year for disinflation to continue, we’re going to need services to start contributing to that. Then we’re going to need to see an increase in the unemployment rate,” Torres said. 

    He said he prefers U.S. Treasurys with a tenor of four years or shorter, as the long-dated ones may be susceptible to risks around the fiscal deficit and government borrowing. For stocks, he prefers the healthcare, utilities, consumer staples and energy sectors, he said. 

    Keith Buchanan, senior portfolio manager at Globalt Investments, is more optimistic. The slowdown in inflation and the relatively strong economic data and earnings “don’t really paint a picture for a risk-off scenario,” he said. “The setup for risk assets still leans towards the bullish expectation,” Buchanan added. 

    In the week ahead, investors will be watching the ISM services sector data on Monday, the U.S. trade deficit on Wednesday and weekly initial jobless benefit claims numbers on Thursday. Several Fed officials will speak as well, potentially providing more clues on the possible trajectory of rate cuts.



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  • So Long, Apple and Tesla. We Built a Better Magnificent 7.

    So Long, Apple and Tesla. We Built a Better Magnificent 7.

    By Nicholas Jasinski

    Jan 12, 2024, 1:00 am EST

    In this article

    AMZN

    AAPL

    MSFT

    NVDA

    SPX

    The Magnificent Seven had an extraordinary year in 2023—one that will be very difficult to repeat. And there will be a new Magnificent Seven in 2024.

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  • Apple's stock falls after 'sell' call from Barclays

    Apple's stock falls after 'sell' call from Barclays

    Shares of Apple Inc. are starting 2024 with a selloff, after Barclays analyst Tim Long said it was “time for a breather,” citing weak hardware sales as iPhone 15 demand disappoints.

    “We are still picking up weakness on iPhone volumes and mix, as well as a lack of bounce-back in Macs, iPads and wearables,” Long wrote in a note to clients. “The biggest takeaway from the latest checks is incrementally worse [iPhone] 15 data points out of China, together with developed markets remaining soft.”

    He cut his rating on the stock
    AAPL,
    -0.54%
    to underweight from neutral, and trimmed his price target to $160 from $161. The new target implies about 17% downside from Friday’s closing price of $192.53.

    The stock slumped 1.8% in premarket trading Tuesday, putting it on track to open at a seven-week low.

    Long said iPhone 15 sales have been “lackluster” and believes Phone 16 sales will be the same, as he expects other hardware categories to remain weak. He said it’s time for investors to take a “breather” on the stock, as he doesn’t think it can keep rallying in the face of downbeat demand data, like it did in 2023.

    “We expect reversion after a year when most quarters were missed and the stock outperformed,” Long wrote.

    He expects Apple to report “in-line” fiscal first-quarter results, which runs through December, but he trimmed his second-quarter to further below consensus expectations.

    He now expects earnings per share and revenue for the quarter through March to be down in the low-single-digit percentage range, while the FactSet consensus calls for EPS to be up 2.6% at $1.57 and revenue to rise 1.1% to $95.8 billion.

    Apple’s stock surged 48.2% in 2023, or almost double the S&P 500 index’s
    SPX
    gain of 24.2%, even as revenue for each quarter of fiscal 2023 through September was below that of a year ago.

    Long is now one of just four of the 44 analysts surveyed by FactSet who are bearish on Apple’s stock, while 27 (61%) are bullish and 13 are neutral. His $160 price target is 19.2% below the average target of $197.92.

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  • Apple can sell its latest smartwatches again after court pauses FTC import ban

    Apple can sell its latest smartwatches again after court pauses FTC import ban

    The latest Apple Watches are available again after the company scored a legal victory Wednesday.

    “We are thrilled to return the full Apple Watch lineup to customers in time for the new year,” Apple
    AAPL,
    +0.05%
    said in a statement to MarketWatch. “Apple Watch Series 9 and Apple Watch Ultra 2, including the blood-oxygen feature, will become available for purchase again in the United States at Apple Stores starting today and from apple.com tomorrow by 3 p.m. ET.”

    A U.S. appeals court earlier Wednesday temporarily blocked a government commission’s import ban on popular Apple Watch models following a patent dispute with medical-technology firm Masimo Corp.
    MASI,
    -4.57%    .

    The court’s order allows Apple to temporarily resume selling the Apple Watch Series 9 and Apple Watch Ultra 2. Both watches were pulled from Apple’s website last week and off store shelves this week when the ban went into effect. The appeals court is weighing a longer halt on the import and sales ban.

    Masimo declined to comment.

    On Tuesday, the tech giant filed an emergency request for the U.S. Court of Appeals for the Federal Circuit to halt the ban at least until U.S. Customs and Border Protection decides whether redesigned versions of its watches infringe Masimo’s patents.

    The appeals court’s decision will allow the U.S. Customs department to consider Apple’s redesign of the offending Apple Watch models. A fix is expected by Jan. 12. Apple said in the motion Tuesday it could “suffer irreparable harm” if the ban is kept in place while the appeal is ongoing.

    Shares of Apple were flat in trading Wednesday.

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  • Intel, Tesla, Apple, Iovance, NetEase, Coherus BioSciences, and More Stock Market Movers

    Intel, Tesla, Apple, Iovance, NetEase, Coherus BioSciences, and More Stock Market Movers

    Updated Dec 27, 2023, 7:34 am EST / Original Dec 27, 2023, 4:26 am EST

    Stock futures traded slightly lower Wednesday after the S&P 500 finished higher Tuesday and just 0.45% below its record close of 4,796.56 hit Jan. 3, 2022. The broad market index has risen 24% this year and has gained 4.5% this month as traders bet the Federal Reserve will begin cutting interest rates as soon as March.

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  • Why Alphabet Could Be the Best Bet Among Magnificent 7 Stocks in the New Year

    Why Alphabet Could Be the Best Bet Among Magnificent 7 Stocks in the New Year

    Alphabet could be the best bet among the Magnificent Seven stocks that led the market higher in 2023.

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  • Covea Finance Has $71.01 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

    Covea Finance Has $71.01 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

    Covea Finance boosted its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 414,740 shares of the iPhone maker’s stock after purchasing an additional 5,980 shares during the quarter. Apple comprises 4.0% of Covea Finance’s holdings, making the stock its 2nd largest holding. Covea Finance’s holdings in Apple were worth $71,008,000 as of its most recent SEC filing.

    A number of other hedge funds have also added to or reduced their stakes in AAPL. IFM Investors Pty Ltd grew its stake in Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. grew its stake in Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after acquiring an additional 1,040 shares during the period. Markel Corp grew its stake in Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC grew its stake in Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC grew its stake in Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares during the period. 58.51% of the stock is currently owned by institutional investors.

    Insiders Place Their Bets

    In other Apple news, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $184.04, for a total transaction of $884,496.24. Following the sale, the insider now directly owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Timothy D. Cook sold 240,569 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the transaction, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,806 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $184.04, for a total value of $884,496.24. Following the transaction, the insider now directly owns 34,687 shares in the company, valued at approximately $6,383,795.48. The disclosure for this sale can be found here. Insiders have sold 573,352 shares of company stock valued at $101,734,290 over the last ninety days. 0.06% of the stock is owned by insiders.

    Wall Street Analyst Weigh In

    A number of equities research analysts have commented on AAPL shares. Wedbush raised their price objective on Apple from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, December 11th. Tigress Financial lifted their target price on Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 16th. Bank of America reaffirmed a “neutral” rating and issued a $173.00 price objective on shares of Apple in a report on Tuesday, October 24th. Morgan Stanley lifted their price objective on Apple from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 8th. Finally, Jefferies Financial Group cut their price objective on Apple from $220.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.82.

    View Our Latest Stock Analysis on AAPL

    Apple Price Performance

    NASDAQ:AAPL opened at $195.89 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $3.05 trillion, a P/E ratio of 32.01, a P/E/G ratio of 2.74 and a beta of 1.31. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $199.62. The business’s 50-day moving average is $184.40 and its 200 day moving average is $183.67.

    Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. Apple had a return on equity of 160.78% and a net margin of 25.31%. The company had revenue of $89.50 billion for the quarter, compared to analysts’ expectations of $89.34 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 6.56 earnings per share for the current fiscal year.

    Apple Dividend Announcement

    The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, November 10th. This represents a $0.96 annualized dividend and a yield of 0.49%. Apple’s payout ratio is currently 15.69%.

    Apple Profile

    (Free Report)

    Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

    Read More

    Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

    Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

    Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

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  • Apple Stock Looks Set to Break Through $200. 3 Reasons It Can.

    Apple Stock Looks Set to Break Through $200. 3 Reasons It Can.

    By Adam Clark

    Updated Dec 14, 2023, 9:22 am EST / Original Dec 14, 2023, 8:09 am EST

    Apple shares have set an all-time high and the stock is hovering just below $200. There are three reasons to think Apple can break through the barrier.

    Continue reading this article with a Barron’s subscription.

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  • Apple braces for EU antitrust order over App Store: report

    Apple braces for EU antitrust order over App Store: report

    The European Union is about to hit Apple Inc. 
    AAPL,
    +0.75%
    with a ban on App Store rules that govern music-streaming rivals like Spotify Technology
    SPOT,
    -0.93%
    and a potential hefty fine in the regulatory body’s latest bid to thwart the power and reach of Big Tech. A Bloomberg report Wednesday said the EU’s imminent antitrust order would prohibit Apple’s practice of blocking music services from pushing their users away from the App Store to alternative subscription options. Regulators are also mulling a fine of up to 10% of Apple’s annual sales. Apple was not immediately available to comment on the report.

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  • Apple iPhone, Watch product design head to leave: report

    Apple iPhone, Watch product design head to leave: report

    Tang Tan, the Apple Inc. executive who headed product design for the iPhone and Apple Watch, is leaving amid a shake-up of the division responsible for the company’s most critical product lines, according to a Bloomberg report.

    Tan reports to John Ternus, senior vice president of hardware engineering, and the division is reshuffling duties to handle the transition.

    Earlier this week, Bloomberg reported that Steve Hotelling, who worked on key technologies like the iPhone’s multitouch screen, Touch ID, and Face ID, is retiring from Apple.

    Shares of Apple
    AAPL,
    +0.74%
    are up 0.7% in trading Friday. Apple had no comment on the departures.

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  • November's rally just erased two months of Fed tightening, economist says

    November's rally just erased two months of Fed tightening, economist says

    Financial conditions are now looser than in September, says economist

    Financial conditions in the U.S. are looser than in September, says economist.


    Getty Images

    The feel-good tone gripping markets in the home stretch of 2023 may not be what the Federal Reserve had penciled in for the holidays.

    The stock market in December, once again, has been knocking on the door of record levels, driven by optimism about easing inflation and potential Fed rate cuts next year.

    But while the prospect of double-digit equity gains this year would be a reprieve for investors after a brutal 2022, the latest rally also points to looser financial conditions.

    Ultimately, the risk of looser financial conditions is that they could backfire, particularly if they rub against the Fed’s own goal of keeping credit restrictive until inflation has been decisively tamed.

    Read: Inflation is falling but interest rates will be higher for longer. Way longer.

    Specifically, the November rally for the S&P 500 index
    SPX
    can be traced to the 10-year Treasury yield
    BX:TMUBMUSD10Y
    dropping to 4.1% on Thursday from a 16-year peak of 5% in October.

    Falling 10-year Treasury yields from a 5% peak in October coincides with a sharp rally in the S&P 500 at the tail end of 2023.


    Oxford Economics

    The Fed only exerts direct control over short-term rates, but 10-year and 30-year Treasury yields
    BX:TMUBMUSD30Y
    are important because they are a peg for pricing auto loans, corporate debt and mortgages.

    That makes long-term rates matter a lot to investors in stocks, bonds and other assets, since higher rates can lead to rising defaults, but also can crimp corporate earnings, growth and the U.S. economy.

    Michael Pearce, lead U.S. economist at Oxford Economics, thinks the November rally may put Fed officials in a difficult spot ahead of next week’s Dec. 12 to 13 Federal Open Market Committee meeting — the eighth and final policy gathering of 2023.

    “The decline in yields and surge in equity prices more than fully unwinds the tightening in conditions seen since the September FOMC meeting,” Pearce said in a Thursday client note.

    The Fed next week isn’t expected to raise rates, but instead opt to keep its benchmark rate steady at a 22-year high in a 5.25% to 5.5% range, which was set in July. The hope is that higher rates will keep bringing inflation down to the central bank’s 2% annual target.

    Ahead of the Fed’s July meeting, stocks were extending a spring rally into summer, largely driven by shares of six meg-cap technology companies and AI optimism.

    From June: Nvidia officially closes in $1 trillion territory, becoming seventh U.S. company to hit market-cap milestone

    Rates in September were kept unchanged, but central bankers also drove home a “higher for longer” message at that meeting, by penciling in only two rate cuts in 2024, instead of four earlier. That spooked markets and triggered a string of monthly losses in stocks.

    Pearce said he expects the Fed next week to “push back against the idea that rate cuts could come onto the agenda anytime soon,” but also to “err on the side of leaving rates high for too long.”

    That might mean the first rate cut comes in September, he said, later than market odds of a 52.8% chance of the first cut in March, as reflected by Thursday by the CME FedWatch Tool.

    Stocks were higher Thursday, poised to snap a three-session drop. A day earlier, the S&P 500 closed 5.2% off its record high set nearly two years ago, the Dow Jones Industrial Average
    DJIA
    was 2% away from its record close and the Nasdaq Composite Index
    COMP
    was almost 12% below its November 2021 record, according to Dow Jones Market Data.

    Related: What investors can expect in 2024 after a 2-year battle with the bond market

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  • Apple scotches credit-card partnership with Goldman Sachs: report

    Apple scotches credit-card partnership with Goldman Sachs: report

    Apple Inc. AAPL is calling it quits on its credit-card partnership with Goldman Sachs Group Inc. GS, ending the Wall Street bank’s push into consumer lending, according to a Wall Street Journal report Tuesday. The iPhone maker sent a proposal to Goldman to leave the contract within 15 months, according to people briefed on the matter. The exit would cover the companies’ consumer partnership, which includes the credit card the companies launched in 2019 and the savings account rolled out in 2023. It is unclear if Apple has lined up a new issuer for the card.

    …

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  • Musk Strategy to Contain Anti-Semitism Fallout Is to Go ‘Thermonuclear’

    Musk Strategy to Contain Anti-Semitism Fallout Is to Go ‘Thermonuclear’

    Elon Musk employed an aggressive strategy—including the threat of a “thermonuclear” lawsuit— to contain the fallout after his endorsement of anti-Semitic rhetoric on X that prompted an advertising backlash at the billionaire’s social media company and some on Wall Street to call for his censure.

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  • Elon Musk’s X apocalyptic moment

    Elon Musk’s X apocalyptic moment

    Is this the beginning of the end for X, the social-media site previously known as Twitter?

    In the last two days, major advertisers, ranging from IBM Corp. IBM, Apple Inc. AAPL, Lions Gate Entertainment Corp. LGF.A, Walt Disney Co. DIS, even the European Union, have pulled their ads from X, after Elon Musk appeared to endorse antisemitic conspiracy theories and because these big spenders weren’t thrilled with the algorithm’s product placement nestled alongside pro-Nazi posts.

    Earlier…

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  • Disney, Warner Bros., Comcast, Paramount Global are the latest to pull ads from Elon Musk’s X

    Disney, Warner Bros., Comcast, Paramount Global are the latest to pull ads from Elon Musk’s X

    Add Walt Disney Co. DIS, Warner Bros. Discovery Inc. WBD, Comcast Corp. CMCSA and Paramount Global PARA to the growing list of major brands pausing advertising on Elon Musk’s embattled X. Lions Gate Entertainment Corp. LGF.A also said it would be pulling ads, just as its Hunger Games prequel is hitting movie theaters. The media giants follow Apple Inc. AAPL and IBM Corp. IBM who halted marketing — and tens of millions of dollars a year — as Musk faces blowback over antisemitic abuse on his social media platform as well as his own comments.

    …

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