Apple Inc. $AAPL Shares Bought by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors increased its Apple stake by 6% in the second quarter, acquiring 5,185 additional shares for a total of 92,232 shares valued at approximately $26.7 million. Institutional investors and hedge funds own 67.73% of Apple.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations, while revenue grew 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and a $334.91 average price target, but cite premium valuation, rising component costs and margin pressure as key risks. Recent insider sales included approximately $456,000 of stock sold by SVP Jennifer Newstead.

Fortis Capital Advisors LLC raised its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,232 shares of the iPhone maker's stock after acquiring an additional 5,185 shares during the quarter. Apple makes up approximately 3.0% of Fortis Capital Advisors LLC's investment portfolio, making the stock its 8th largest position. Fortis Capital Advisors LLC's holdings in Apple were worth $26,688,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rainier Family Wealth Inc. boosted its stake in Apple by 14.1% during the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after acquiring an additional 3,014 shares in the last quarter. Eaton Cambridge Inc. boosted its position in shares of Apple by 21.3% during the 1st quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after purchasing an additional 2,450 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Apple in the 4th quarter valued at about $1,178,000. Summit Wealth Partners LLC increased its position in Apple by 108.3% in the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock valued at $8,880,000 after buying an additional 18,188 shares in the last quarter. Finally, Davis R M Inc. raised its stake in Apple by 2.1% during the 1st quarter. Davis R M Inc. now owns 1,151,352 shares of the iPhone maker's stock worth $292,202,000 after buying an additional 23,162 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 1.7%

AAPL stock opened at $332.27 on Friday. Apple Inc. has a twelve month low of $229.02 and a twelve month high of $344.57. The firm has a market capitalization of $4.85 trillion, a PE ratio of 38.10, a PEG ratio of 2.83 and a beta of 1.08. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of $318.20 and a two-hundred day simple moving average of $292.45.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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. 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 analyst estimates of $109.04 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. Apple's revenue was up 16.4% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's payout ratio is presently 12.39%.

Insider Activity

In other Apple news, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred on 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 directly owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction of $456,177.39. Following the completion of the transaction, the senior vice president directly owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,310 shares of company stock valued at $2,279,378 in the last three months. 0.06% of the stock is owned by insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple’s $1,999 foldable iPhone, scheduled to arrive October 23, could drive upgrades, deepen ecosystem engagement and add a high-margin premium product category. Some analysts believe foldables could eventually account for 10% to 20% of iPhone revenue. How Wall Street viewed Apple's foldable iPhone
• Positive Sentiment: Analysts see renewed hardware momentum. Alongside the Duo, Apple unveiled the iPhone 18 Pro lineup, new Apple Watch models, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 target, supporting the bullish reaction. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions could reduce sticker-price resistance. T-Mobile, AT&T and Verizon are offering installment and trade-in incentives for the expensive Duo, potentially broadening access without an immediate industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America retained a Buy rating but lowered its price target to $370, while Rosenblatt kept a Neutral rating and $303 target. The debate centers on Duo demand, supply constraints, valuation and the durability of the upgrade cycle.
• Negative Sentiment: Margin pressure remains the main risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Management has already guided to lower gross margins, raising concerns that pricing may not fully offset higher costs. Apple margin pressure from memory costs
• Negative Sentiment: Premium valuation and competition limit upside. Apple trades near the upper end of its historical earnings multiple, while Huawei, Xiaomi and Samsung remain strong competitors in China and the foldable market.
• Negative Sentiment: Insider selling is a modest cautionary signal. SVP Jennifer Newstead sold approximately $456,000 of stock, reducing her direct holdings by about 4%, although she retains a substantial position.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AAPL shares. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the company a "buy" rating in a research note on Monday, August 17th. Royal Bank Of Canada set a $365.00 target price on Apple in a report on Wednesday, July 15th. BTIG Research started coverage on shares of Apple in a research report on Monday, August 17th. They issued a "neutral" rating for the company. Morgan Stanley restated an "overweight" rating and set a $360.00 price target on shares of Apple in a research note on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Apple from $345.00 to $340.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $334.91.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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