56,659 Shares in Apple Inc. $AAPL Bought by Tiemann Investment Advisors LLC

Key Points

• Tiemann Investment Advisors LLC initiated a position in Apple by purchasing 56,659 shares valued at approximately $16.4 million, making Apple its second-largest holding at 5.9% of the portfolio.
• Institutional investors own 67.73% of Apple, while analyst sentiment remains favorable with a “Moderate Buy” consensus and an average price target of $338.80.
• Apple’s latest quarterly results exceeded expectations, with earnings per share of $2.02 and revenue of $109.42 billion, representing 16.4% year-over-year growth; the company also pays a quarterly dividend of $0.27 per share.

Tiemann Investment Advisors LLC acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 56,659 shares of the iPhone maker's stock, valued at approximately $16,395,000. Apple makes up 5.9% of Tiemann Investment Advisors LLC's holdings, making the stock its 2nd biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Wealth Management Inc. boosted its holdings in Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock valued at $3,351,000 after purchasing an additional 30 shares during the last quarter. Evansbrook LLC grew its stake in Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. increased its holdings in Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after purchasing an additional 35 shares during the last quarter. Advocate Investing Services LLC increased its holdings in Apple by 0.5% during the 2nd quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock worth $2,271,000 after purchasing an additional 39 shares during the last quarter. Finally, Interactive Financial Advisors Inc. raised its position in shares of Apple by 4.0% in the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after purchasing an additional 40 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AAPL. BTIG Research began coverage on shares of Apple in a research report on Monday, August 17th. They set a "neutral" rating for the company. HSBC reaffirmed a "buy" rating and issued a $366.00 price target on shares of Apple in a report on Tuesday, September 8th. KGI Securities lowered shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective for the company. in a report on Monday, June 22nd. Weiss Ratings upgraded shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of Apple in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $338.80.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $317.23, for a total value of $456,176.74. Following the transaction, the senior vice president owned 34,352 shares of the company's stock, valued at $10,897,484.96. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 7,194 shares of company stock worth $2,245,142 in the last quarter. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Apple stock opened at $332.41 on Thursday. The company has a market cap of $4.85 trillion, a PE ratio of 38.12, a P/E/G ratio of 2.88 and a beta of 1.08. The company has a fifty day moving average price of $319.40 and a two-hundred day moving average price of $293.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 12 month low of $236.65 and a 12 month high of $344.57.

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

Apple Announces Dividend

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

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Reports say Apple is developing enterprise AI servers using its upcoming M8 Ultra chips and is discussing NVIDIA’s NVLink networking technology. The project, potentially launching around 2029, could create a new hardware market, reduce reliance on third-party cloud providers, and help protect Services margins as AI usage grows. Apple Talks to Nvidia About NVLink for Its Own AI Server
• Positive Sentiment: The foldable iPhone Duo and higher-priced Pro models remain major catalysts for revenue and upgrade activity. TD Cowen reportedly set a $400 price target, while Citi survey data points to shorter smartphone replacement cycles and possible Apple market-share gains. Apple Stock Surges After Its Biggest Product Launch in Years
• Positive Sentiment: Analyst support remains favorable: JPMorgan reiterated its Buy rating, and Morgan Stanley is reportedly bullish on Apple’s new offerings. Apple’s Emmy success and continued ecosystem expansion also reinforce the long-term Services and brand story. Apple's Buy Rating Reiterated at JPMorgan
• Neutral Sentiment: The redesigned Siri and iOS 27 introduce broader AI capabilities, but the rollout is initially limited by beta labeling, language and regional restrictions, waitlists, and reports of slow response times. This makes the AI opportunity meaningful but its near-term financial impact uncertain. Apple Falls as Siri AI Arrives Behind a Beta Label
• Negative Sentiment: Analysts describe early iPhone 18 Pro and Pro Max preorders as lukewarm, potentially indicating that customers are delaying purchases for the foldable Duo. Weak Pro demand could pressure the current iPhone cycle if Duo demand does not offset it. iPhone 18 Pro Demand Is Already a Problem for Apple Stock
• Negative Sentiment: Investors are also monitoring slipping margins and an Indian consumer-regulator investigation into Apple’s software warranty and repair practices. Regulatory costs or changes to repair policies could weigh on cash flow and profitability. Indian Consumer Regulator Escalates Probe Into Apple’s Software Warranty Terms

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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