Apple Stock Holdings Increase by 8.7% Amid Strong Quarterly Results

Apple Inc. (NASDAQ:AAPL) has seen its stock holdings increase by 8.7% in the first quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). Angeles Wealth Management LLC purchased an additional 14,521 shares during the quarter, bringing their total holdings to 182,360 shares.

The value of these shares is approximately $46,281,000. Apple makes up about 2.5% of Angeles Wealth Management LLC's holdings, making it the company's 10th largest holding. This increase in stock holdings comes after a strong quarter for Apple, with the company reporting record June-quarter revenue of $109.4 billion and diluted EPS of $2.02.

Apple has also recently announced a quarterly dividend of $0.27 per share, payable August 13 to shareholders of record August 10. Despite this, some analysts remain cautious about Apple's future guidance, with a recent report from TD Cowen raising concerns about the company's ability to meet its targets.