20,203 Shares in Apple Inc. $AAPL Acquired by Kirtland Hills Capital Management LLC

Key Points

• Kirtland Hills Capital Management acquired 20,203 Apple shares worth approximately $5.85 million in the second quarter, making Apple about 1.7% of its portfolio. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple’s outlook remains broadly positive: analysts give the stock a “Moderate Buy” consensus rating with an average price target of $340.14, while recent developments include potential AI-focused Mac growth and expansion into health wearables.
• Apple reported quarterly revenue of $109.42 billion and EPS of $2.02, beating consensus estimates, with revenue up 16.4% year over year. The company also maintains a quarterly dividend of $0.27 per share, yielding approximately 0.3%.

Kirtland Hills Capital Management LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,203 shares of the iPhone maker's stock, valued at approximately $5,846,000. Apple comprises about 1.7% of Kirtland Hills Capital Management LLC's portfolio, making the stock its 11th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Deutsche Bank AG purchased a new position in Apple in the second quarter valued at $13,658,359,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Apple during the 2nd quarter worth about $10,588,946,000. Diamant Asset Management Inc. boosted its position in shares of Apple by 24,974.3% during the 1st quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock worth $6,754,449,000 after acquiring an additional 26,508,181 shares in the last quarter. Amundi increased its holdings in shares of Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Apple during the 2nd quarter worth about $3,203,206,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reaffirmed its Buy rating and assigned a $370 price target, implying further upside. The firm highlighted improving iPhone 18 Pro Max availability trends, while premium demand remains relatively resilient. BofA Sends Stark Message to Apple Stock Investors on iPhone 18
• Positive Sentiment: Apple’s new M6 Mac mini and M5 Mac Studio are being marketed as lower-cost alternatives to cloud-based AI infrastructure, potentially expanding Apple’s enterprise opportunity. Their ability to run large AI models locally could create a new hardware growth driver. With new Macs, Apple aims to take on Microsoft and Nvidia
• Positive Sentiment: Reports that Apple is developing a screenless fitness tracker to compete with Whoop and Oura point to potential long-term expansion in health and wearables, although a launch may not occur until 2028. Apple could take on Whoop with a new fitness tracker

Insider Activity

In related news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the transaction, the senior vice president owned 35,790 shares in the company, valued at $11,345,787.90. The trade was a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 8,632 shares of company stock worth $2,719,955 over the last 90 days. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAPL. Arete Research boosted their target price on Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Phillip Securities raised their price objective on shares of Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, September 14th. Seaport Research Partners downgraded shares of Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. Jefferies Financial Group restated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $340.14.

Apple Price Performance

AAPL stock opened at $337.02 on Thursday. 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 company has a market capitalization of $4.92 trillion, a P/E ratio of 38.65, a PEG ratio of 2.95 and a beta of 1.08. The business has a 50 day simple moving average of $321.36 and a 200-day simple moving average of $296.51. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating 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 firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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

Apple Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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