4,313 Shares in Apple Inc. $AAPL Purchased by Greenland Capital Management LP

Key Points

• Greenland Capital Management initiated a position in Apple during the second quarter, purchasing 4,313 shares valued at approximately $1.25 million. Institutional investors and hedge funds collectively own 67.73% of Apple’s shares.
• Apple reported quarterly earnings of $2.02 per share on revenue of $109.42 billion, surpassing analyst expectations; revenue increased 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $340.14, while the stock recently traded near $337.

Greenland Capital Management LP purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,313 shares of the iPhone maker's stock, valued at approximately $1,248,000.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC increased its stake in shares of Apple by 3.8% in the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock valued at $20,389,750,000 after buying an additional 2,725,121 shares during the period. Amundi grew its holdings in Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. Fisher Asset Management LLC increased its holdings in Apple by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker's stock worth $14,992,196,000 after purchasing an additional 704,293 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Apple by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock valued at $14,858,200,000 after acquiring an additional 979,832 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of Apple during the second quarter valued at about $13,658,359,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 0.8%

Shares of AAPL opened at $337.02 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $321.36 and a two-hundred day simple moving average of $296.51. The stock 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. 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 issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. On average, research analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors 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 12.39%.

Insider Activity at Apple

In related news, SVP Jennifer Newstead sold 1,438 shares of Apple stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $330.19, for a total value of $474,813.22. Following the completion of the sale, the senior vice president directly owned 32,914 shares in the company, valued at approximately $10,867,873.66. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 8,632 shares of company stock valued at $2,719,955. 0.06% of the stock is currently owned by company insiders.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on AAPL. Sanford C. Bernstein lifted their price objective on shares of Apple from $350.00 to $370.00 and gave the company an "outperform" rating in a report on Friday, July 31st. The Goldman Sachs Group started coverage on Apple in a research note on Monday, August 17th. They set a "buy" rating on the stock. Argus upped their price objective on Apple from $325.00 to $375.00 in a research note on Monday, June 8th. KGI Securities downgraded shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price for the company. in a research note on Monday, June 22nd. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $340.14.

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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