424,836 Apple Inc. $AAPL Shares Purchased by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its Apple stake by 8.3%, purchasing 424,836 shares to reach 5.53 million shares valued at approximately $1.6 billion. Apple now represents 5.9% of NEOS’s portfolio and is its second-largest holding.
• Apple reported quarterly revenue of $109.42 billion, up 16.4% year over year, and earnings of $2.02 per share, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.02.
• Apple shares opened at $332.89, near their 52-week high, while insiders sold shares primarily to cover tax obligations on vested equity awards. Institutional investors collectively own 67.73% of the company.

NEOS Investment Management LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,529,231 shares of the iPhone maker's stock after purchasing an additional 424,836 shares during the quarter. Apple comprises 5.9% of NEOS Investment Management LLC's holdings, making the stock its 2nd largest holding. NEOS Investment Management LLC's holdings in Apple were worth $1,599,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc bought 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 stake in Apple in the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple in the second quarter valued at approximately $30,443,242,000. Nuveen LLC grew its holdings in Apple by 3.8% in the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after purchasing an additional 2,725,121 shares during the last quarter. Finally, Amundi grew its holdings in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Down 0.2%

NASDAQ:AAPL opened at $332.89 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company's fifty day moving average price is $322.08 and its 200-day moving average price is $300.90. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34. The firm has a market capitalization of $4.86 trillion, a P/E ratio of 38.18, a PEG ratio of 2.66 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $109.04 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The firm's quarterly revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

AAPL has been the topic of several recent analyst reports. Royal Bank Of Canada set a $365.00 target price on Apple in a research report on Wednesday, July 15th. Argus raised their price target on Apple from $325.00 to $375.00 in a report on Monday, June 8th. Citic Securities boosted their price target on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Bank of America restated a "buy" rating and set a $370.00 price objective on shares of Apple in a report on Wednesday, September 23rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Friday, July 31st. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.02.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned Siri overhaul could help restore investor confidence in its AI capabilities. The bullish case also rests on record Services revenue, a strong iPhone cycle and recent fiscal third-quarter revenue of $109.4 billion, up 16% year over year, with EPS rising 29%. Will Siri Overhaul Help Apple Restore Its AI Credibility?
• Positive Sentiment: Apple is tightening Mac full-disk access controls to make AI-agent data requests more visible to users. The move may strengthen the company’s privacy differentiation as concerns grow about autonomous AI tools accessing personal information. Apple Makes It Tougher for AI Agents to Access Macs
• Neutral Sentiment: CEO John Ternus, SVP Deirdre O’Brien and insider Timothy Cook collectively sold approximately $87.8 million of AAPL shares. Each filing said the transactions covered tax-withholding obligations tied to vested equity awards, making them less indicative of a negative outlook, although the sales may add short-term headline pressure. Apple Insider Filing
• Neutral Sentiment: Counterpoint expects roughly 6 million sales of Apple’s high-priced iPhone Duo this year, potentially representing at least $12 billion in hardware revenue. However, the late launch window and limited volume are not expected to materially change the broader AAPL investment case. Analyst Sees 6 Million iPhone Duo Sales
• Negative Sentiment: Investors remain concerned that Apple is behind rivals in AI monetization and execution. Comparisons suggesting Microsoft could surpass Apple in market value by 2027 reinforce worries that AAPL’s premium valuation requires substantial AI progress. Microsoft Could Become More Valuable Than Apple
• Negative Sentiment: More restrictive Mac permissions could reduce the usefulness of AI agents or create friction for developers, potentially complicating Apple’s effort to make its ecosystem a leading AI platform. With AAPL trading at a relatively high earnings multiple, execution concerns may weigh more heavily on the stock.

Insider Buying and Selling

In related news, CEO John Ternus sold 25,412 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the transaction, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 276,984 shares of company stock worth $92,116,025. Corporate insiders own 0.06% of the company's stock.

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.

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.