5,440,251 Shares in Apple Inc. $AAPL Bought by Nykredit A S

Key Points

• Nykredit A S acquired 5.44 million Apple shares worth approximately $1.58 billion in the second quarter, making Apple its third-largest holding and representing 4.9% of its portfolio.
• Institutional investors and hedge funds own 67.73% of Apple, while insiders own just 0.06%; company executives sold shares totaling roughly $92.9 million over the past three months, primarily including sales to cover tax obligations.
• Apple recently exceeded earnings expectations, reporting $2.02 in quarterly EPS and $109.42 billion in revenue, but investors face concerns about premium iPhone demand, elevated valuation and potential margin pressure from higher memory costs.

Nykredit A S acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,440,251 shares of the iPhone maker's stock, valued at approximately $1,576,750,000. Apple comprises 4.9% of Nykredit A S's investment portfolio, making the stock its 3rd biggest holding.

Other institutional investors also recently made changes to their positions in the company. Anchor Capital Advisors LLC grew its holdings in shares of Apple by 7.6% during the second quarter. Anchor Capital Advisors LLC now owns 31,079 shares of the iPhone maker's stock valued at $9,072,000 after purchasing an additional 2,184 shares during the last quarter. MLG Wealth Management DBA Pine Grove Financial Group raised its stake in shares of Apple by 28.3% in the 2nd quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 23,984 shares of the iPhone maker's stock worth $6,940,000 after buying an additional 5,292 shares in the last quarter. Kinetic Wealth Investment Advisors LLC acquired a new stake in Apple in the 2nd quarter valued at about $967,000. Range Advisory LLC boosted its holdings in Apple by 38.0% during the second quarter. Range Advisory LLC now owns 59,364 shares of the iPhone maker's stock worth $17,178,000 after buying an additional 16,353 shares in the last quarter. Finally, Capital & Planning LLC boosted its stake in shares of Apple by 0.4% during the 2nd quarter. Capital & Planning LLC now owns 21,860 shares of the iPhone maker's stock worth $6,325,000 after acquiring an additional 83 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of Apple stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $45,615,190.20. This trade represents a 25.32% 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 link. 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 stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president owned 41,992 shares of the company's stock, valued at $14,116,870.56. This trade represents a 5.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 279,383 shares of company stock valued at $92,912,517. 0.06% of the stock is owned by insiders.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Potential AI upside: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by monetizing its more than 2.5 billion active devices and Services ecosystem. He estimates AI could add approximately $75 per share to the company’s value. Apple Could Be the Toll Collector of Consumer AI
• Positive Sentiment: Smart-home expansion: Apple’s planned October 13 “Welcome Home” event could introduce products such as a smart lock, thermostat and doorbell. The initiative may expand Apple’s hardware and Services opportunities and strengthen its position against Amazon and Google. Apple Smart Home Push
• Neutral Sentiment: Possible seasonal order adjustment: Bespoke Investment Group noted that Apple’s autumn iPhone order reductions have occurred in prior years and have sometimes been followed by a stock recovery. Investors will look for evidence that the latest cuts reflect normal supply-chain management rather than lasting demand weakness. Apple’s iPhone Order Cut and Stock Rebound
• Negative Sentiment: iPhone demand concerns: Nikkei Asia reported that Apple asked suppliers to cut iPhone 18 Pro component production, raising concerns that premium pricing is discouraging consumers. The reports are particularly important because Apple is preparing to pursue an even higher-priced product strategy, including a rumored $1,999 foldable iPhone. Apple Cuts iPhone 18 Pro Orders Due to Soft Demand
• Negative Sentiment: Valuation and execution risks: Apple’s elevated earnings multiple leaves less room for disappointment, while higher memory costs could pressure margins. A recent senior vice president stock sale was relatively small but adds to near-term caution. Apple Senior Vice President Stock Sale

Apple Stock Performance

NASDAQ AAPL opened at $336.64 on Friday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34. 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 firm has a market capitalization of $4.91 trillion, a price-to-earnings ratio of 38.61, a P/E/G ratio of 2.68 and a beta of 1.07. The company's fifty day moving average is $322.61 and its two-hundred day moving average is $302.99.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the company posted $1.57 earnings per share. Apple's revenue was up 16.4% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AAPL shares. Raymond James Financial reissued a "market perform" rating on shares of Apple in a research report on Friday, July 31st. CICC Research lifted their price target on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. Seaport Research Partners lowered Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Finally, Morgan Stanley set a $355.00 price objective on shares of Apple and gave the stock an "overweight" rating in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $340.02.

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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