Alta Advisers Ltd Acquires Shares of 57,768 Apple Inc. $AAPL

Alta Advisers Ltd purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,768 shares of the iPhone maker's stock, valued at approximately $16,716,000. Apple comprises about 3.8% of Alta Advisers Ltd's investment portfolio, making the stock its 6th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG purchased a new stake in shares of Apple in the second quarter valued at about $13,658,359,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Apple during the 2nd quarter valued at approximately $10,588,946,000. Diamant Asset Management Inc. raised its position in shares of Apple by 24,974.3% during the 1st quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock valued at $6,754,449,000 after buying an additional 26,508,181 shares during the period. Amundi lifted its holdings in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares during the last quarter. Finally, Danske Bank A S acquired a new position in Apple in the second quarter valued at approximately $3,203,206,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reaffirmed its Buy rating and assigned a $370 price target, implying further upside. The firm highlighted improving iPhone 18 Pro Max availability trends, while premium demand remains relatively resilient. BofA Sends Stark Message to Apple Stock Investors on iPhone 18
• Positive Sentiment: Apple’s new M6 Mac mini and M5 Mac Studio are being marketed as lower-cost alternatives to cloud-based AI infrastructure, potentially expanding Apple’s enterprise opportunity. Their ability to run large AI models locally could create a new hardware growth driver. With new Macs, Apple aims to take on Microsoft and Nvidia
• Positive Sentiment: Reports that Apple is developing a screenless fitness tracker to compete with Whoop and Oura point to potential long-term expansion in health and wearables, although a launch may not occur until 2028. Apple could take on Whoop with a new fitness tracker

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AAPL. Evercore set a $380.00 target price on Apple and gave the stock an "outperform" rating in a research note on Friday, September 18th. Moffett Nathanson reaffirmed a "neutral" rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. KeyCorp reiterated an "underweight" rating on shares of Apple in a report on Friday, September 4th. Morgan Stanley reissued an "overweight" rating and set a $360.00 price objective on shares of Apple in a research report on Wednesday, September 2nd. Finally, Weiss Ratings lowered shares of Apple from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

Insider Activity

In other news, SVP Jennifer Newstead sold 1,438 shares of Apple 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 completion of the transaction, the senior vice president owned 32,914 shares in the company, valued at approximately $10,867,873.66. This trade represents a 4.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 8,632 shares of company stock valued at $2,719,955 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

AAPL opened at $337.02 on Thursday. The stock's 50-day moving average price is $321.36 and its 200 day moving average price is $296.51. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34. The firm has a market cap of $4.92 trillion, a price-to-earnings ratio of 38.65, a PEG ratio of 2.95 and a beta of 1.08. 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 quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 8.74 earnings per share 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 given 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 currently 12.39%.

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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