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Penn Davis Mcfarland Inc, managed by R. Van Ogden, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 1,277 shares.
Recent Updates on Apple Inc stock
Apple (AAPL) shares have declined about 0.8% over the past week and just over 5% in the last month, though they remain up roughly 11.5% over the past year, with the latest close at $260.25. Despite this pullback, Wall Street maintains a “Moderate Buy” consensus and an average 12‑month price target of $299.49, implying solid upside. Bank of America analyst Wamsi Mohan reiterated his Buy rating on January 12, 2026 with a $325 target, citing a “bullish setup into earnings” for Apple’s fiscal Q1 2026: he forecasts revenue of $140 billion and EPS of $2.69, slightly above Street estimates. Mohan expects about 13% year‑over‑year revenue growth, supported by strong iPhone 17 demand (with raised unit forecasts to 85 million in the December quarter and 54 million in March) and double‑digit Services growth, and he anticipates Q2 revenue growth around 10% with improving gross margins. He also points to potential future catalysts such as a foldable iPhone launch in the fall and an enhanced Siri integrated with Gemini AI, as well as scope for gross margins to eventually exceed 50% and Services margins to expand, all of which support his long‑term bullish stance and slightly higher fiscal 2026 forecasts of $463 billion in revenue and $8.26 EPS.
Spark’s Take on AAPL Stock
According to Spark, TipRanks’ AI Analyst, AAPL is a Outperform.
The score is driven primarily by Apple’s strong financial performance (elite margins and robust free cash flow) and a supportive earnings outlook with record results and solid guidance. Offsetting factors are weak near-term technical momentum and a demanding valuation (high P/E and low yield), with leverage remaining a secondary balance-sheet risk.
To see Spark’s full report on AAPL stock, click here.
More about Apple Inc
YTD Price Performance: -6.01%
Average Trading Volume: 46,225,519
Current Market Cap: $3795.2B