11,474 Shares of Apple Inc. $AAPL Bought by Maxele Advisors LLC

Key Points

• Maxele Advisors LLC acquired 11,474 Apple shares in the second quarter, valued at approximately $3.32 million and representing about 2.3% of its portfolio.
• Institutional investors and hedge funds own 67.73% of Apple, with major positions or purchases reported by Berkshire Hathaway, Bank of America, Legal & General, Nuveen and Amundi.
• Analysts maintain a generally positive outlook, giving Apple a consensus “Moderate Buy” rating and a $340.14 price target. Apple recently exceeded quarterly earnings and revenue estimates, though insiders have sold shares and the stock was trading down 2.7%.

Maxele Advisors LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,474 shares of the iPhone maker's stock, valued at approximately $3,320,000. Apple accounts for about 2.3% of Maxele Advisors LLC's investment portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc acquired a new stake in shares of Apple during the 2nd quarter worth approximately $65,950,297,000. Bank of America Corp DE acquired a new position in Apple in the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc acquired a new position in Apple in the second quarter valued at approximately $30,443,242,000. Nuveen LLC grew its position in Apple by 3.8% in the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after acquiring an additional 2,725,121 shares during the period. Finally, Amundi grew its position in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total transaction of $815,803.94. Following the sale, the senior vice president directly owned 44,391 shares of the company's stock, valued at $15,095,603.46. This represents a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 11,031 shares of company stock worth $3,535,759. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AAPL shares. Wells Fargo & Company restated an "overweight" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research report on Friday, July 31st. The Goldman Sachs Group initiated coverage on Apple in a report on Monday, August 17th. They set a "buy" rating for the company. Phillip Securities raised their price objective on Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a research report on Monday, September 14th. Oppenheimer restated a "market perform" rating on shares of Apple in a report on Thursday, September 10th. Finally, HSBC reaffirmed a "buy" rating and issued a $366.00 target price on shares of Apple in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

Apple Trading Down 2.7%

AAPL opened at $329.40 on Wednesday. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $321.83 and a 200-day simple moving average of $298.67. The firm has a market cap of $4.81 trillion, a P/E ratio of 37.78, a P/E/G ratio of 2.94 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the company earned $1.57 EPS. Apple's revenue was up 16.4% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is presently 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO John Ternus is reportedly considering a leaner, engineering-led structure that could eliminate layers of middle management, accelerate product launches and make Apple more experimental. Investors may view the changes as a response to concerns about slower innovation, particularly in artificial intelligence. Apple CEO overhaul report
• Positive Sentiment: Apple Pay is reportedly launching in a key market, potentially expanding transaction volume and services revenue. Separately, Apple remains a major customer for TSMC’s advanced 2-nanometer chips, supporting future device performance and product differentiation. Apple Pay launch report
• Neutral Sentiment: Apple’s large buyback program remains a relative strength among the Magnificent Seven, although the immediate effect is financial support rather than a new growth catalyst. Apple and Nvidia buybacks
• Negative Sentiment: Bank of America warned that Meta’s Muse could change how consumers search, shop and initiate payments. Even if users continue buying iPhones, AI agents could divert discovery and referral activity away from Apple’s ecosystem, putting pressure on services growth and Apple’s AI strategy. Apple faces threat from Meta Muse
• Negative Sentiment: Reports that Ternus may plan layoffs as memory-chip costs rise raise concerns about gross-margin pressure and slower near-term earnings growth. Apple has already indicated that higher memory expenses could reduce profit per device.
• Negative Sentiment: Apple also faces legal and operational overhangs, including a $5.7 billion patent verdict, a revived UK consumer lawsuit involving Amazon marketplace sales, and an emergency iOS security update addressing a flaw that could enable arbitrary code execution. Apple patent verdict

Apple 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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