Nwam LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,282 shares of the iPhone maker’s stock after buying an additional 18,523 shares during the period. Apple makes up 4.0% of Nwam LLC’s holdings, making the stock its 2nd largest position. Nwam LLC’s holdings in Apple were worth $79,366,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Piedmont Capital Management LLC lifted its position in Apple by 8.8% during the second quarter. Piedmont Capital Management LLC now owns 2,473 shares of the iPhone maker’s stock valued at $729,000 after purchasing an additional 200 shares during the period. Rehmann Capital Advisory Group raised its position in Apple by 1.8% during the second quarter. Rehmann Capital Advisory Group now owns 212,153 shares of the iPhone maker’s stock valued at $61,402,000 after acquiring an additional 3,810 shares in the last quarter. Railway Pension Investments Ltd increased its holdings in shares of Apple by 93.7% during the 2nd quarter. Railway Pension Investments Ltd now owns 1,320,786 shares of the iPhone maker’s stock valued at $382,183,000 after purchasing an additional 638,934 shares in the last quarter. Orgel Wealth Management LLC raised its position in shares of Apple by 32.3% in the second quarter. Orgel Wealth Management LLC now owns 10,340 shares of the iPhone maker’s stock worth $2,992,000 after acquiring an additional 2,525 shares during the period. Finally, JNBA Financial Advisors raised its holdings in Apple by 6.1% in the 2nd quarter. JNBA Financial Advisors now owns 31,180 shares of the iPhone maker’s stock worth $9,022,000 after purchasing an additional 1,786 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.
Apple Price Performance
AAPL stock opened at $333.69 on Friday. The company has a market capitalization of $4.87 trillion, a PE ratio of 38.27, a P/E/G ratio of 2.63 and a beta of 1.07. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $322.16 and its 200 day moving average price is $300.01.
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio is presently 12.39%.
Key Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
- Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
- Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
- Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
- Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
- Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing
Analyst Ratings Changes
A number of brokerages have recently issued reports on AAPL. Rothschild & Co Redburn set a $400.00 target price on Apple and gave the company a “buy” rating in a research report on Monday, August 17th. HSBC restated a “buy” rating and set a $366.00 price objective on shares of Apple in a research report on Tuesday, September 8th. Seaport Research Partners cut Apple from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. Weiss Ratings downgraded Apple from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Finally, Maxim Group lifted their price target on Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $340.02.
View Our Latest Report on AAPL
Insider Activity at Apple
In other news, SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares in the company, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 13,430 shares of company stock valued at $4,342,255. Corporate insiders own 0.06% of the company’s stock.
Apple Company Profile
Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.
Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.
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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).
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