Apple Inc. $AAPL Shares Acquired by KFG Wealth Management LLC

Key Points

• KFG Wealth Management increased its Apple stake by 13.9% in the second quarter, bringing its holdings to 28,267 shares valued at approximately $8.18 million. Institutional investors collectively own 67.73% of Apple’s stock.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $340.02, although ratings range from Strong Buy to Sell.
• Apple exceeded quarterly earnings and revenue expectations, reporting $2.02 in EPS and $109.42 billion in revenue, while investors continue to monitor valuation concerns, potential AI-related disruption and a $5.7 billion patent verdict.

KFG Wealth Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 13.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,267 shares of the iPhone maker's stock after buying an additional 3,452 shares during the quarter. Apple makes up about 0.9% of KFG Wealth Management LLC's holdings, making the stock its 21st biggest position. KFG Wealth Management LLC's holdings in Apple were worth $8,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Avenir Tech Ltd acquired a new stake in shares of Apple during the 2nd quarter valued at about $29,000. Longfellow Investment Management Co. LLC acquired a new position in Apple in the second quarter worth approximately $30,000. Lifetime Wealth Management P.C. acquired a new position in Apple in the fourth quarter worth approximately $41,000. Ascentis Wealth Management LLC raised its position in Apple by 822.7% during the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock valued at $85,000 after acquiring an additional 260,792 shares in the last quarter. Finally, Basso Capital Management L.P. acquired a new stake in Apple in the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Loop Capital set a $380.00 price target on shares of Apple in a report on Friday, September 18th. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 price target on shares of Apple in a research report on Wednesday, September 2nd. Citigroup reiterated a "buy" rating on shares of Apple in a research note on Thursday, September 10th. UBS Group reissued a "buy" rating on shares of Apple in a report on Thursday, September 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded Apple from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.02.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $333.69 on Monday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34. The company has a market cap of $4.87 trillion, a P/E ratio of 38.27, a P/E/G ratio of 2.66 and a beta of 1.07. The stock's 50-day moving average is $322.16 and its 200-day moving average is $300.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the company posted $1.57 earnings per share. Apple's quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

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%.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 13,430 shares of company stock valued at $4,342,255 in the last three months. 0.06% of the stock is currently owned by company insiders.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Apple Company 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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