613,564 Shares in Apple Inc. $AAPL Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC bought 613,564 Apple shares worth approximately $177.5 million in the second quarter, making Apple its fourth-largest holding and representing about 3.5% of its portfolio.
• Institutional investors own approximately 67.73% of Apple’s outstanding stock, with several other firms also establishing new positions during the quarter.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $340.14. Apple recently exceeded quarterly earnings and revenue expectations, reporting $2.02 in EPS and $109.42 billion in revenue.

Callan Family Office LLC acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 613,564 shares of the iPhone maker's stock, valued at approximately $177,541,000. Apple accounts for approximately 3.5% of Callan Family Office LLC's investment portfolio, making the stock its 4th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Expressive Wealth LLC purchased a new stake in Apple during the second quarter valued at about $1,955,000. Gambit Capital Management LLC acquired a new stake in shares of Apple during the second quarter valued at approximately $2,840,000. Fund Advisors of America Inc FL purchased a new stake in shares of Apple in the 2nd quarter valued at approximately $6,095,000. Heartland Advisors Inc. acquired a new position in Apple in the 2nd quarter worth approximately $1,154,000. Finally, G2 Capital Management LLC OH acquired a new position in Apple in the 2nd quarter worth approximately $11,400,000. Institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AAPL shares. KGI Securities downgraded shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price on the stock. in a research note on Monday, June 22nd. Evercore set a $380.00 target price on Apple and gave the stock an "outperform" rating in a research report on Friday. DA Davidson reissued a "neutral" rating and set a $270.00 price target on shares of Apple in a research report on Wednesday, September 2nd. Raymond James Financial reissued a "market perform" rating on shares of Apple in a research note on Friday, July 31st. Finally, The Goldman Sachs Group assumed coverage on Apple in a research report on Monday, August 17th. They set a "buy" rating for the company. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $340.14.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone momentum: Investor enthusiasm remains high following Apple’s introduction of the approximately $1,999 iPhone Duo, which represents the company’s biggest iPhone design change in years. Early interest and strong iPhone 18 Pro preorder lead times have reinforced expectations for an upgrade cycle and potentially higher revenue. Apple Folds & Meta Muses
• Positive Sentiment: AI-focused Macs: New Mac mini and Mac Studio systems are being marketed as a lower-cost alternative to cloud data-center computing because businesses can run AI models locally without recurring per-token charges. The strategy could support Mac demand and broaden Apple’s role in enterprise AI, even as Nvidia remains dominant in large-scale infrastructure. With new Macs, Apple aims to take on Microsoft, Nvidia in a rush to lower AI costs
• Positive Sentiment: Wearables expansion: Apple is reportedly developing a screenless fitness tracker to compete with Whoop and Oura. A lower-priced, health-focused wearable could expand Apple’s addressable market and generate additional services revenue, although the product may not launch until as early as 2028. Apple Considers Screenless Fitness Tracker to Expand Wearable Lineup Beyond Smartwatches
• Positive Sentiment: Services and international growth: Apple plans to launch Apple Pay in India next month, initially with Axis Bank, while hiring in digital assets could support future payments and tokenization initiatives. These efforts add to the company’s recurring-revenue ecosystem.
• Neutral Sentiment: Valuation and technical backdrop: Apple’s record run and roughly 39-times earnings multiple are attracting profit-taking concerns, but analysts continue to cite earnings beats, strong cash generation, and improving product momentum. The stock is trading near its 52-week high and close to technical breakout levels.
• Negative Sentiment: Legal and geopolitical risks: Apple is opening claims under a $250 million settlement related to alleged misleading Apple Intelligence advertising. Separately, pressure on the new CEO to reconsider Chinese chip sourcing highlights supply-chain and U.S.-China trade risks.

Apple Trading Up 0.2%

Shares of NASDAQ:AAPL opened at $339.75 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $4.96 trillion, a PE ratio of 38.96, a P/E/G ratio of 2.94 and a beta of 1.08. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. The firm has a fifty day moving average price of $321.17 and a 200 day moving average price of $295.97.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly 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 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 analyst estimates of $109.04 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The company's quarterly revenue was up 16.4% compared to the same quarter last year. Analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In other news, SVP Jennifer Newstead sold 1,438 shares of the firm's 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 sale, the senior vice president directly owned 32,914 shares of the company's stock, valued at approximately $10,867,873.66. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 8,632 shares of company stock worth $2,719,955 in the last three months. 0.06% of the stock is owned by corporate insiders.

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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