11,540 Shares in Apple Inc. $AAPL Purchased by FSA Advisors Inc.

Key Points

• FSA Advisors acquired 11,540 Apple shares worth approximately $3.34 million during the second quarter, making Apple its 12th-largest holding and about 1.4% of its portfolio.
• Institutional investors own 67.73% of Apple, with several funds adding new positions. Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $340.14.
• Apple reported quarterly revenue of $109.42 billion, up 16.4% year over year, and earnings of $2.02 per share, exceeding analyst expectations. Shares opened at $338.40, near the company’s 12-month high.

FSA Advisors Inc. bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,540 shares of the iPhone maker's stock, valued at approximately $3,344,000. Apple accounts for about 1.4% of FSA Advisors Inc.'s portfolio, making the stock its 12th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. N10 Assets LLC acquired a new stake in shares of Apple in the 2nd quarter worth approximately $522,000. Coastal Bridge Advisors LLC acquired a new position in shares of Apple during the second quarter valued at approximately $63,783,000. Public Employees Retirement System of Ohio acquired a new position in shares of Apple during the second quarter valued at approximately $1,693,123,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in Apple during the second quarter worth approximately $48,314,000. Finally, AtlasMark Financial Inc bought a new stake in Apple during the second quarter worth approximately $1,262,000. Institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AAPL. DZ Bank lowered Apple from a "buy" rating to a "hold" rating and set a $310.00 price target for the company. in a research note on Tuesday, August 4th. Weiss Ratings downgraded Apple from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. JPMorgan Chase & Co. restated a "buy" rating on shares of Apple in a report on Monday, September 21st. DA Davidson reaffirmed a "neutral" rating and set a $270.00 target price on shares of Apple in a research note on Wednesday, September 2nd. Finally, Citic Securities lifted their target price on Apple from $300.00 to $349.00 in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $340.14.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s renewed patent agreement with Qualcomm helps preserve access to important cellular technology and reduces uncertainty surrounding future iPhone launches. The deal also supports Qualcomm’s royalty stream tied to Apple devices. What Is Going on With Qualcomm Stock on Monday?
• Positive Sentiment: Reports that Apple is increasing orders for TSMC’s next-generation 2-nanometer chips point to continued investment in more powerful and efficient processors for future iPhones and other products. TSMC Ramps Up 2nm Chip Capacity as Apple, Nvidia Orders Jump
• Neutral Sentiment: Apple’s foldable iPhone Duo and premium-device strategy could lift revenue and expand its addressable market, but the roughly $2,000 price raises questions about demand beyond affluent early adopters. Apple’s Premium iPhone Strategy Faces a Test Beyond Early Adopters
• Neutral Sentiment: X Corp. and SpaceXAI reportedly moved to dismiss antitrust claims against Apple and OpenAI, removing one legal challenge, although other regulatory matters remain unresolved. Musk’s X Corp and SpaceXAI Drop Apple From AI Antitrust Fight
• Negative Sentiment: A U.S. jury ordered Apple to pay approximately $5.7 billion to Taction Technology for infringing patents covering haptic feedback used in products such as the iPhone and Apple Watch. Apple denies wrongdoing and plans to appeal, but the potential liability is the largest U.S. patent award of its kind. Apple and Amazon Face Revived UK Consumer Lawsuit Over Product Sales
• Negative Sentiment: Britain’s Competition Appeal Tribunal revived part of a consumer case alleging that Apple and Amazon restricted competition for Apple products sold through Amazon’s U.K. marketplace. Apple also faces an expanded Indian investigation into alleged costly repairs following an iOS 18 software update, increasing potential legal and reputational risk. Apple and Amazon Face Revived UK Consumer Lawsuit Over Product Sales

Apple Trading Down 0.8%

Shares of NASDAQ AAPL opened at $338.40 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $345.34. The company has a market cap of $4.94 trillion, a price-to-earnings ratio of 38.81, a P/E/G ratio of 2.96 and a beta of 1.08. The business has a fifty day simple moving average of $321.79 and a 200-day simple moving average of $298.18.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. Apple's revenue was up 16.4% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's payout ratio is currently 12.39%.

Insider Activity

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 value of $815,803.94. Following the completion of the sale, the senior vice president owned 44,391 shares in the company, valued at approximately $15,095,603.46. This represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 11,031 shares of company stock worth $3,535,759 in the last quarter. 0.06% of the stock is owned by insiders.

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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