50,656 Shares in Apple Inc. $AAPL Purchased by Prosperitas Financial LLC

Key Points

• Prosperitas Financial purchased 50,656 Apple shares during the second quarter, valued at approximately $14.7 million. Apple now represents about 4.7% of the firm’s portfolio and is its fourth-largest holding.
• Institutional ownership remains substantial, with hedge funds and other institutional investors holding 67.73% of Apple’s stock. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.14.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, beating estimates and posting 16.4% year-over-year revenue growth. The stock opened at $333.02, while the company continues paying a $0.27 quarterly dividend.

Prosperitas Financial LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 50,656 shares of the iPhone maker's stock, valued at approximately $14,658,000. Apple comprises about 4.7% of Prosperitas Financial LLC's portfolio, making the stock its 4th largest position.

A number of other large investors also recently made changes to their positions in AAPL. Berkshire Hathaway Inc acquired a new position in Apple in the second quarter valued at $65,950,297,000. Bank of America Corp DE acquired a new stake in Apple in the 2nd quarter worth about $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple in the 2nd quarter worth about $30,443,242,000. Nuveen LLC grew its holdings in Apple by 3.8% in the 4th 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. Finally, Amundi grew its holdings in 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 buying an additional 13,780,080 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AAPL shares. Citigroup reiterated a "buy" rating on shares of Apple in a report on Thursday, September 10th. The Goldman Sachs Group assumed coverage on shares of Apple in a research report on Monday, August 17th. They set a "buy" rating for the company. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research note on Friday, September 25th. Barclays reiterated an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a report on Friday, July 31st. Finally, Loop Capital set a $380.00 price objective on shares of Apple in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $340.14.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Apple Stock Up 1.1%

AAPL opened at $333.02 on Thursday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. The firm has a 50 day moving average price of $321.97 and a 200 day moving average price of $299.21. 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 market cap of $4.86 trillion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.86 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share 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 firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the company posted $1.57 earnings per share. Apple's revenue was up 16.4% compared to the same quarter last year. Sell-side analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued 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 payout ratio is presently 12.39%.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total transaction of $815,803.94. Following the completion of the sale, the senior vice president directly owned 44,391 shares of the company's stock, valued at approximately $15,095,603.46. This represents a 5.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 11,031 shares of company stock worth $3,535,759. Insiders own 0.06% of the company's stock.

About Apple

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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