Apple Inc. $AAPL Shares Bought by Del Sette Capital Management LLC

Key Points

• Del Sette Capital Management increased its Apple holdings by 93.1% in the second quarter, owning 10,082 shares valued at approximately $2.92 million. Institutional investors and hedge funds collectively own 67.73% of Apple’s stock.
• Analyst sentiment remains broadly positive, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $330.61, despite several analysts lowering ratings or targets.
• Apple’s latest quarter exceeded expectations, with $2.02 in EPS and $109.42 billion in revenue, while year-over-year revenue grew 16.4%. The company also pays a quarterly dividend of $0.27 per share, for an annualized yield of 0.3%.

Del Sette Capital Management LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 93.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,082 shares of the iPhone maker's stock after buying an additional 4,862 shares during the period. Apple comprises 1.7% of Del Sette Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Del Sette Capital Management LLC's holdings in Apple were worth $2,917,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after purchasing an additional 26,856,752 shares in the last quarter. State Street Corp grew its stake in shares of Apple by 1.1% during the 4th quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker's stock worth $164,218,801,000 after purchasing an additional 6,555,392 shares during the period. Geode Capital Management LLC increased its holdings in shares of Apple by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker's stock valued at $97,031,587,000 after purchasing an additional 1,866,103 shares in the last quarter. Morgan Stanley increased its holdings in shares of Apple by 0.6% in the 4th quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker's stock valued at $62,659,118,000 after purchasing an additional 1,379,651 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Apple in the fourth quarter valued at about $52,266,468,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAPL has been the topic of a number of research analyst reports. Barclays reissued an "underweight" rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a report on Friday, July 31st. Piper Sandler started coverage on Apple in a report on Monday, August 17th. They set an "overweight" rating for the company. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research report on Monday, June 8th. Jefferies Financial Group lowered Apple from a "buy" rating to an "underperform" rating and lowered their target price for the company from $285.56 to $263.66 in a report on Monday, August 10th. Finally, KeyCorp restated an "underweight" rating on shares of Apple in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $330.61.

Apple Stock Performance

Shares of Apple stock opened at $319.97 on Tuesday. Apple Inc. has a 1 year low of $225.95 and a 1 year high of $344.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business has a 50 day moving average price of $316.41 and a 200 day moving average price of $290.98. The company has a market capitalization of $4.67 trillion, a P/E ratio of 36.69, a P/E/G ratio of 2.77 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 EPS for the quarter, beating 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 analysts' expectations of $109.04 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. Apple's quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the transaction, the senior vice president owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 5,872 shares of company stock valued at $1,823,201. 0.06% of the stock is currently owned by company insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is expected to unveil its first foldable iPhone, alongside the iPhone 18 Pro and Pro Max, at John Ternus’s first major keynote as CEO. Analysts at Morgan Stanley estimate the foldable could represent a roughly $14 billion revenue opportunity if Apple can stimulate premium-device demand. Apple Faces Its Biggest iPhone Test in Years
• Positive Sentiment: Recent iPhone sales growth of more than 20% for three consecutive quarters, a large installed base and potential on-device artificial-intelligence features provide a favorable backdrop for the launch. Apple’s higher Apple TV and Apple One prices could also support Services revenue and margins. Apple’s New Mac Mini and Studio Bet Big on On-Device AI
• Neutral Sentiment: The leadership transition from Tim Cook to John Ternus is placing additional importance on Wednesday’s event. Investors are looking for evidence that Ternus can maintain Apple’s long-term innovation and shareholder-return record while emphasizing hardware development. Tim Cook Delivered a 2,720% Total Return
• Neutral Sentiment: Apple’s broad ecosystem and substantial cash generation remain important supports for the investment case, but the stock’s premium valuation means the market may already be pricing in a successful product cycle and strong demand.
• Negative Sentiment: KeyBanc warned that rising memory and component costs could force Apple to raise prices. Broad price increases could cause “sticker shock” and reduce unit volumes, while selective increases could pressure gross margins. KeyBanc Delivers Stark Warning on Apple Stock
• Negative Sentiment: Huawei and Xiaomi have introduced premium foldable devices ahead of Apple’s launch, intensifying competition—particularly in China, an important but challenging market for Apple. Huawei’s tri-fold Mate XT2 raises the bar on design and pricing. Huawei Unveils New Tri-Fold Smartphone
• Negative Sentiment: Apple faces a costly execution test: a premium foldable near $2,000 must generate meaningful incremental demand without weakening margins or cannibalizing existing iPhone sales. Disappointing specifications, pricing or guidance could weigh on the shares after the event.

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.