3,810 Apple Inc. $AAPL Shares Bought by Rehmann Capital Advisory Group

Key Points

• Rehmann Capital Advisory Group increased its Apple position by 3,810 shares, or 1.8%, ending the second quarter with 212,153 shares valued at approximately $61.4 million. Institutional investors collectively own 67.73% of Apple.
• Apple’s latest quarter exceeded expectations, with EPS of $2.02 and revenue of $109.42 billion, up 16.4% year over year. Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $340.02.
• Key risks include a $5.7 billion patent verdict, potentially higher component costs, competitive AI agents threatening App Store services, and Apple’s elevated valuation. Separately, SVP Jennifer Newstead sold 2,399 shares worth about $806,496.

Rehmann Capital Advisory Group grew its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,153 shares of the iPhone maker's stock after buying an additional 3,810 shares during the quarter. Apple makes up 2.6% of Rehmann Capital Advisory Group's portfolio, making the stock its 7th largest position. Rehmann Capital Advisory Group's holdings in Apple were worth $61,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Berkshire Hathaway Inc acquired a new position 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 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple during the second quarter worth approximately $30,443,242,000. Nuveen LLC boosted its holdings in shares of Apple by 3.8% during 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 shares of Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. The Goldman Sachs Group initiated coverage on Apple in a report on Monday, August 17th. They set a "buy" rating for the company. Wedbush restated an "outperform" rating and set a $400.00 target price on shares of Apple in a research report on Friday, June 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Thursday. Citic Securities boosted their price target on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average price target of $340.02.

Insider Buying and Selling at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the transaction, the senior vice president owned 41,992 shares of the company's stock, valued at approximately $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 13,430 shares of company stock valued at $4,342,255. 0.06% of the stock is owned by insiders.

Apple Trading Up 1.0%

AAPL opened at $333.69 on Friday. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34. The company has a fifty day moving average of $322.16 and a 200-day moving average of $300.01. The stock has a market cap of $4.87 trillion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. 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 (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 earnings per share. On average, sell-side analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. 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 currently 12.39%.

Apple Company 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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