Apple Inc. $AAPL Shares Bought by Andra AP fonden

Key Points

• Andra AP fonden increased its Apple stake by 72.7% in the first quarter, adding 917,479 shares for a total of 2.18 million shares valued at approximately $553.2 million. Apple now represents about 6.9% of the fund’s portfolio.
• Apple reported strong quarterly results, with revenue rising 16.4% year over year to $109.42 billion and EPS of $2.02, exceeding analyst expectations. The company also declared a quarterly dividend of $0.27 per share.
• Analyst sentiment remains broadly positive but mixed: Apple carries a “Moderate Buy” consensus rating with an average price target of $330.44, while some firms downgraded the stock amid concerns about valuation, slower Services growth, rising memory costs and leadership-transition uncertainty.

Andra AP fonden lifted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 72.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,179,667 shares of the iPhone maker's stock after buying an additional 917,479 shares during the period. Apple makes up approximately 6.9% of Andra AP fonden's investment portfolio, making the stock its 2nd biggest position. Andra AP fonden's holdings in Apple were worth $553,178,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Lifetime Wealth Management P.C. bought a new position in shares of Apple in the 4th quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC increased its position in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management bought a new stake in Apple in the fourth quarter worth $65,000. Timmons Wealth Management LLC purchased a new stake in shares of Apple in the fourth quarter worth $69,000. Finally, 49 Wealth Management LLC increased its holdings in shares of Apple by 15.7% during the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock valued at $76,000 after acquiring an additional 40,543 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity

In other news, insider Ben Borders sold 116 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is currently owned by corporate insiders.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: App Store revenue rose 0.6% year over year to $3.4 billion during the first 35 days of Apple’s fiscal fourth quarter, despite a 4% decline in iPhone and iPad downloads. Revenue per download increased 4.7% to $1.02, suggesting stronger monetization and supporting the Services business. Apple App Store revenue ticks up despite falling downloads
• Positive Sentiment: Apple’s fiscal third-quarter revenue reached a June-quarter record of $109.4 billion, up 16% year over year, while earnings exceeded estimates. Reports also point to broad iPhone, Mac and Services demand, resilient iPhone sales and continued growth in India, providing a fundamental counterweight to recent market concerns. Apple’s Quarterly iPhone Sales Were Even Better Than They Seem
• Positive Sentiment: Some analysts and market commentators continue to recommend buying the pullback, arguing that Apple’s ecosystem, product pipeline and long-term earnings potential remain attractive despite near-term volatility. 3 Reasons to Buy Apple Stock on the Dip
• Neutral Sentiment: OpenAI asked a federal judge to dismiss Apple’s trade-secrets lawsuit, denying that it misappropriated confidential information through former Apple employees. The filing creates legal and reputational uncertainty, although the financial impact is not yet clear. OpenAI asks US judge to dismiss Apple’s trade secrets case
• Negative Sentiment: Analysts at Phillip Securities, DZ Bank and China Renaissance lowered their views on Apple to Moderate Sell or Hold. Concerns include slowing Services growth, elevated memory costs, supply constraints, policy risks and Apple’s premium valuation.
• Negative Sentiment: Services revenue grew about 12% to $30.7 billion, making it the slowest-growing of Apple’s three largest businesses. Tim Cook also warned that rising memory prices could pressure margins, while the CEO transition adds uncertainty after a record quarter. Tim Cook’s Last Quarter as CEO

Apple Price Performance

Shares of AAPL opened at $312.41 on Friday. The firm has a fifty day simple moving average of $309.43 and a two-hundred day simple moving average of $283.02. The firm has a market cap of $4.56 trillion, a PE ratio of 35.83, a P/E/G ratio of 2.67 and a beta of 1.09. 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 Inc. has a 1-year low of $216.58 and a 1-year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $109.04 billion. During the same period last year, the business posted $1.57 EPS. The company's revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, August 10th. Apple's payout ratio is currently 12.39%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several recent analyst reports. KGI Securities lowered 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. DZ Bank lowered shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price objective for the company. in a research note on Tuesday. Morgan Stanley decreased their target price on shares of Apple from $364.00 to $360.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research note on Friday, July 31st. Finally, Bank of America reiterated a "buy" rating and set a $380.00 price target on shares of Apple in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Apple has an average rating of "Moderate Buy" and an average price target of $330.44.

Apple Profile

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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