Apple Inc. $AAPL Shares Acquired by Kintra Wealth LLC

Key Points

• Kintra Wealth increased its Apple stake by 30.4% in the second quarter, acquiring 31,081 additional shares for a total of 133,385 shares valued at approximately $40.7 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share on revenue of $109.42 billion, exceeding analyst estimates, while revenue increased 16.4% year over year.
• Apple shares opened at $340.42, near their 12-month high, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.02; valuation, margin pressure and insider selling remain key risks.

Kintra Wealth LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 30.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,385 shares of the iPhone maker's stock after acquiring an additional 31,081 shares during the quarter. Apple accounts for approximately 2.1% of Kintra Wealth LLC's investment portfolio, making the stock its 11th biggest holding. Kintra Wealth LLC's holdings in Apple were worth $40,717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Berkshire Hathaway Inc acquired a new position in shares of Apple during the 2nd quarter worth approximately $65,950,297,000. Bank of America Corp DE acquired a new stake in Apple in the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple in the 2nd quarter valued at $30,443,242,000. Nuveen LLC increased its holdings in Apple by 3.8% in the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after acquiring an additional 2,725,121 shares in the last quarter. Finally, Amundi raised its position in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ:AAPL opened at $340.42 on Friday. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34. The company has a market cap of $4.97 trillion, a P/E ratio of 39.04, a P/E/G ratio of 2.68 and a beta of 1.07. 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 company's 50-day moving average price is $322.06 and its 200-day moving average price is $302.76.

Apple (NASDAQ:AAPL - Get Free Report) last released 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. The business had revenue of $109.42 billion for 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 was up 16.4% on a year-over-year basis. During the same period last year, the company posted $1.57 EPS. On average, sell-side analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares in the company, valued at $14,116,870.56. This represents a 5.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy D. Cook sold 191,753 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares of the company's stock, valued at $1,086,837,377.28. This trade represents a 5.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 279,383 shares of company stock worth $92,912,517. 0.06% of the stock is owned by corporate insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: AI monetization opportunity: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by leveraging more than 2.5 billion active devices and its Services ecosystem. He sees the opportunity adding as much as $75 per share to Apple’s valuation. Apple Could Be the Toll Collector of Consumer AI
• Positive Sentiment: Smart-home expansion: Apple is expected to unveil new connected-home products, potentially including a doorbell, thermostat, lock and other accessories developed with LG Electronics, at its October 13 “Welcome Home” event. The initiative could broaden Apple’s hardware and Services opportunity while strengthening HomeKit against Amazon and Google. Apple Smart Home Push
• Positive Sentiment: M&A leadership change: Apple appointed veteran insider Steve Smith as head of mergers and acquisitions, replacing Adrian Perica, who is moving to the Services division. Investors may view the change as support for a more active acquisition strategy and tighter alignment between dealmaking and Services growth. Apple Names Steve Smith New M&A Chief
• Positive Sentiment: Tokenized-stock exposure: Securitize launched tokenized versions of Apple and 11 other major U.S. stocks on Solana. The offering could increase visibility for Apple’s shares and reflects broader demand for digital access to large-cap equities, although the direct financial effect on Apple is limited. Securitize Launches Tokenized U.S. Equities
• Neutral Sentiment: Management is pursuing faster execution: CEO John Ternus is reportedly considering more frequent product releases and fewer management layers. The changes could improve innovation, but commentary also highlights that Siri and Apple’s AI execution remain areas where investors want faster progress. Apple Is Speeding Up, Siri Isn’t
• Negative Sentiment: Valuation and margin risks: Apple trades at a premium earnings multiple after a strong year-to-date advance. Morgan Stanley lowered its price target to $355 despite raising revenue estimates, citing softer iPhone pricing and higher memory-chip costs. Bank of America also warned that Meta’s AI developments could challenge Apple’s Services ecosystem. Morgan Stanley Is Bullish on Apple With a Catch
• Negative Sentiment: Insider selling and concentration concerns: Senior Vice President Jennifer Newstead sold 2,399 shares, a relatively small transaction that may nevertheless add to investor caution. Separately, Apple’s huge weighting in the S&P 500 leaves index investors vulnerable if the stock or other mega-cap technology shares retreat. Apple Insider Transaction Filing

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AAPL. KeyCorp reiterated an "underweight" rating on shares of Apple in a research report on Friday, September 4th. KGI Securities downgraded shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target for the company. in a research report on Monday, June 22nd. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Raymond James Financial reiterated a "market perform" rating on shares of Apple in a research note on Friday, July 31st. Finally, Citigroup reissued a "buy" rating on shares of Apple in a 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 assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $340.02.

About Apple

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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