Apple Inc. $AAPL Shares Acquired by New Mexico Educational Retirement Board

Key Points

• New Mexico Educational Retirement Board increased its Apple stake by 7.4% in the second quarter, adding 50,181 shares to reach 730,545 shares valued at approximately $211.4 million.
• Apple received a consensus “Moderate Buy” rating from analysts, with an average price target of $340.14; ratings included 26 Buys, 13 Holds, two Sells and one Strong Buy.
• Apple’s latest quarterly results exceeded expectations, with EPS of $2.02 and revenue of $109.42 billion, while revenue grew 16.4% year over year. Shares opened at $333.02, near their 12-month high of $345.34.

New Mexico Educational Retirement Board boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 730,545 shares of the iPhone maker's stock after purchasing an additional 50,181 shares during the period. Apple comprises approximately 5.3% of New Mexico Educational Retirement Board's holdings, making the stock its 2nd largest position. New Mexico Educational Retirement Board's holdings in Apple were worth $211,391,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AAPL. Avenir Tech Ltd purchased a new position in shares of Apple during the 2nd quarter valued at $29,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Apple during the second quarter worth $30,000. Lifetime Wealth Management P.C. acquired a new stake in Apple during the fourth quarter valued at $41,000. ABS Investment Management LLC acquired a new stake in Apple during the second quarter valued at $376,168,000. Finally, Basso Capital Management L.P. purchased a new position in Apple in the fourth quarter valued at about $88,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on AAPL shares. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Rothschild & Co Redburn set a $400.00 price target on Apple and gave the company a "buy" rating in a research note on Monday, August 17th. Wells Fargo & Company restated an "overweight" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. Maxim Group raised their price objective on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Seaport Research Partners cut shares of Apple from a "buy" rating to a "neutral" 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $340.14.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Insider Activity

In related news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total value of $815,803.94. Following the transaction, the senior vice president directly owned 44,391 shares in the company, valued at approximately $15,095,603.46. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 11,031 shares of company stock worth $3,535,759. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Up 1.1%

Shares of AAPL stock opened at $333.02 on Thursday. The stock's 50 day simple moving average is $321.97 and its 200 day simple moving average is $299.21. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market capitalization of $4.86 trillion, a price-to-earnings ratio of 38.19, a PEG ratio of 2.86 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. As a group, research analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a dividend of $0.27 per share. 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 is currently 12.39%.

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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