56,621 Shares in Apple Inc. $AAPL Purchased by BOK Financial Private Wealth Inc.

Key Points

• BOK Financial Private Wealth purchased 56,621 Apple shares in the second quarter, valued at approximately $16.4 million, making Apple its ninth-largest portfolio holding at 0.8%.
• Institutional investors own 67.73% of Apple, while company insiders hold just 0.06%; insiders have sold 8,632 shares worth about $2.72 million over the past three months.
• Apple recently beat quarterly earnings and revenue estimates, with revenue rising 16.4% year over year. Analysts maintain a “Moderate Buy” consensus, with an average price target of $340.14, while the stock recently traded near $336.

BOK Financial Private Wealth Inc. purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 56,621 shares of the iPhone maker's stock, valued at approximately $16,384,000. Apple makes up 0.8% of BOK Financial Private Wealth Inc.'s portfolio, making the stock its 9th biggest position.

Other hedge funds have also bought and sold shares of the company. Deutsche Bank AG purchased a new stake in Apple during the second quarter worth $13,658,359,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Apple in the second quarter valued at $10,588,946,000. Vanguard Group Inc. raised its position in shares of Apple by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. Diamant Asset Management Inc. raised its position in shares of Apple by 24,974.3% in the first quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock worth $6,754,449,000 after acquiring an additional 26,508,181 shares during the period. Finally, Amundi boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the completion of the transaction, the senior vice president owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 8,632 shares of company stock worth $2,719,955. Company insiders own 0.06% of the company's stock.

Apple Stock Down 0.3%

Shares of NASDAQ:AAPL opened at $336.13 on Friday. The company has a market capitalization of $4.91 trillion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.93 and a beta of 1.08. Apple Inc. has a 12-month low of $240.21 and a 12-month high of $344.57. The business has a 50-day moving average price of $320.24 and a 200 day moving average price of $294.69. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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. The company had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. Sell-side analysts expect that Apple Inc. will post 8.74 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 was Monday, August 10th. Apple's dividend payout ratio is currently 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada set a $365.00 price target on Apple in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft lowered Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. CICC Research upped their target price on Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Argus increased their target price on Apple from $325.00 to $375.00 in a research report on Monday, June 8th. Finally, Wedbush reissued an "outperform" rating and issued a $400.00 price target on shares of Apple in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Apple presently 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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