11,705 Shares in Apple Inc. $AAPL Acquired by Stonehage Fleming Financial Services Holdings Ltd

Key Points

• Stonehage Fleming acquired 11,705 Apple shares worth approximately $3.39 million during the second quarter. Several other institutional investors also initiated sizable positions, with institutions collectively owning 67.73% of Apple.
• Apple reported quarterly earnings and revenue above analyst expectations, with revenue up 16.4% year over year. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $340.14.
• Apple faces significant legal and regulatory risks, including a potential $5.7 billion patent-infringement judgment, a revived U.K. consumer case, and an expanded investigation in India.

Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,705 shares of the iPhone maker's stock, valued at approximately $3,387,000.

A number of other institutional investors and hedge funds have also modified their holdings of AAPL. Prospect Hill Management LLC acquired a new position in Apple in the 2nd quarter valued at approximately $146,370,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Apple in the second quarter worth $168,646,000. Wealthfront Advisers LLC purchased a new stake in shares of Apple during the second quarter worth $482,388,000. Satovsky Asset Management LLC acquired a new stake in Apple during the second quarter valued at $16,064,000. Finally, Saranac Partners Ltd acquired a new stake in Apple during the second quarter valued at $9,513,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Key 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 Stock Down 0.8%

Shares of AAPL opened at $338.40 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a 50-day simple moving average of $321.79 and a 200-day simple moving average of $298.18. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34. The firm has a market capitalization of $4.94 trillion, a P/E ratio of 38.81, a P/E/G ratio of 2.96 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last released its 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. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $1.57 earnings per share. On average, equities research analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a dividend of $0.27 per share. 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%.

Analysts Set New Price Targets

Several research analysts have weighed in on AAPL shares. CICC Research upped their target price on Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. Rosenblatt Securities reissued a "neutral" rating and issued a $303.00 target price on shares of Apple in a research report on Thursday, September 10th. KGI Securities lowered shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target on the stock. in a research note on Monday, June 22nd. DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price target on the stock. in a report on Tuesday, August 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Apple in a report on Tuesday, September 8th. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction on 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 owned 44,391 shares of the company's stock, valued at approximately $15,095,603.46. The trade was a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 11,031 shares of company stock valued at $3,535,759 in the last three months. Insiders own 0.06% of the company's stock.

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.

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.