62,125 Shares of Apple Inc. $AAPL Purchased by Muhlenkamp & Co. Inc.

Key Points

• Muhlenkamp & Co. initiated a $17.98 million position in Apple by purchasing 62,125 shares during the second quarter, making Apple its eighth-largest holding and roughly 5.2% of its portfolio.
• Institutional investors remain heavily involved, owning approximately 67.73% of Apple’s stock, with Berkshire Hathaway, Bank of America and Legal & General among other major investors reporting significant positions.
• Apple’s latest quarter exceeded expectations, with $2.02 in EPS and $109.42 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $340.14; shares recently opened at $329.40.

Muhlenkamp & Co. Inc. bought a new position in shares of 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 bought 62,125 shares of the iPhone maker's stock, valued at approximately $17,976,000. Apple accounts for approximately 5.2% of Muhlenkamp & Co. Inc.'s investment portfolio, making the stock its 8th biggest holding.

A number of other large investors have also recently bought and sold shares of AAPL. Berkshire Hathaway Inc purchased a new stake in shares of Apple in the 2nd quarter valued at $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple in the second quarter worth $36,986,090,000. Legal & General Group Plc purchased a new position in shares of Apple during the second quarter worth $30,443,242,000. Nuveen LLC raised its holdings in shares of Apple by 3.8% during the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after purchasing an additional 2,725,121 shares during the last quarter. Finally, Amundi lifted its position in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO John Ternus is reportedly considering a leaner, engineering-led structure that could eliminate layers of middle management, accelerate product launches and make Apple more experimental. Investors may view the changes as a response to concerns about slower innovation, particularly in artificial intelligence. Apple CEO overhaul report
• Positive Sentiment: Apple Pay is reportedly launching in a key market, potentially expanding transaction volume and services revenue. Separately, Apple remains a major customer for TSMC’s advanced 2-nanometer chips, supporting future device performance and product differentiation. Apple Pay launch report
• Neutral Sentiment: Apple’s large buyback program remains a relative strength among the Magnificent Seven, although the immediate effect is financial support rather than a new growth catalyst. Apple and Nvidia buybacks
• Negative Sentiment: Bank of America warned that Meta’s Muse could change how consumers search, shop and initiate payments. Even if users continue buying iPhones, AI agents could divert discovery and referral activity away from Apple’s ecosystem, putting pressure on services growth and Apple’s AI strategy. Apple faces threat from Meta Muse
• Negative Sentiment: Reports that Ternus may plan layoffs as memory-chip costs rise raise concerns about gross-margin pressure and slower near-term earnings growth. Apple has already indicated that higher memory expenses could reduce profit per device.
• Negative Sentiment: Apple also faces legal and operational overhangs, including a $5.7 billion patent verdict, a revived UK consumer lawsuit involving Amazon marketplace sales, and an emergency iOS security update addressing a flaw that could enable arbitrary code execution. Apple patent verdict

Apple Stock Down 2.7%

AAPL stock opened at $329.40 on Wednesday. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a 50-day simple moving average of $321.83 and a 200-day simple moving average of $298.67. The stock has a market capitalization of $4.81 trillion, a P/E ratio of 37.78, a P/E/G ratio of 2.94 and a beta of 1.08.

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

Apple Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's dividend payout ratio is presently 12.39%.

Analyst Ratings Changes

Several research firms have commented on AAPL. Bank of America reaffirmed a "buy" rating and issued a $370.00 price target on shares of Apple in a report on Wednesday, September 23rd. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a report on Wednesday, July 15th. China Renaissance lowered shares of Apple from a "buy" rating to a "hold" rating and dropped their price target for the company from $329.00 to $280.00 in a research report on Tuesday, August 4th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Finally, Arete Research upped their price objective on shares of Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $340.14.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the transaction, the senior vice president owned 44,391 shares in the company, valued at $15,095,603.46. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 11,031 shares of company stock valued at $3,535,759 in the last quarter. Company insiders own 0.06% of the company's stock.

Apple 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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