11,696 Shares of Apple Inc. $AAPL Purchased by Denver PWM LLC

Key Points

• Denver PWM LLC purchased 11,696 Apple shares worth approximately $3.58 million in the second quarter, making Apple its 10th-largest holding and about 1.2% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Wall Street’s consensus remains positive, with Apple receiving a “Moderate Buy” rating and an average price target of $340.14, despite ratings ranging from “Strong Buy” to “Underperform.”
• Apple’s latest quarterly results exceeded expectations, with $2.02 in EPS and $109.42 billion in revenue, while shares recently traded down 2.7%; the company also declared a quarterly dividend of $0.27 per share.

Denver PWM LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,696 shares of the iPhone maker's stock, valued at approximately $3,578,000. Apple accounts for approximately 1.2% of Denver PWM LLC's holdings, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in AAPL. Sterling Wealth Management Inc. lifted its stake in Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock worth $3,351,000 after acquiring an additional 30 shares during the last quarter. Evansbrook LLC grew its holdings in shares of Apple by 0.4% during the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after purchasing an additional 34 shares during the last quarter. JMG Financial Group Ltd. grew its stake in Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after buying an additional 35 shares during the last quarter. Advocate Investing Services LLC increased its holdings in shares of Apple by 0.5% in the 2nd quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after acquiring an additional 39 shares during the period. Finally, Interactive Financial Advisors Inc. increased its stake in Apple by 4.0% in the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AAPL. HSBC restated a "buy" rating and set a $366.00 price target on shares of Apple in a research note on Tuesday, September 8th. The Goldman Sachs Group started coverage on shares of Apple in a research report on Monday, August 17th. They set a "buy" rating for the company. Moffett Nathanson reiterated a "neutral" rating and issued a $304.00 price objective (up from $270.00) on shares of Apple in a research report on Tuesday, September 8th. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $340.14.

Apple Trading Down 2.7%

Shares of AAPL stock opened at $329.40 on Wednesday. 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 fifty-two week low of $243.42 and a fifty-two week high of $345.34. The firm's 50 day moving average price is $321.83 and its two-hundred day moving average price is $298.67. The stock has a market cap of $4.81 trillion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 2.94 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data 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 net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the transaction, the senior vice president directly owned 44,391 shares of the company's stock, valued at $15,095,603.46. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 11,031 shares of company stock valued at $3,535,759. 0.06% of the stock is currently owned by corporate insiders.

Trending Headlines about Apple

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.