Apple Inc. $AAPL Shares Newly Purchased by RB Capital Management LLC

Key Points

• RB Capital Management bought 264,080 Apple shares worth approximately $76.4 million in the second quarter, making Apple its largest portfolio holding at 14.9%. Institutional investors and hedge funds own 67.73% of Apple’s stock.
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, exceeding analyst expectations, while revenue increased 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share, equivalent to a 0.3% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.14, though recent coverage includes both upgrades and downgrades; Apple shares recently traded at $329.40.

RB Capital Management LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 264,080 shares of the iPhone maker's stock, valued at approximately $76,414,000. Apple comprises approximately 14.9% of RB Capital Management LLC's investment portfolio, making the stock its biggest position.

A number of other hedge funds have also recently made changes to their positions in AAPL. Sterling Wealth Management Inc. raised its stake in shares of Apple by 0.3% during the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock valued at $3,351,000 after acquiring an additional 30 shares during the last quarter. Evansbrook LLC grew its stake in shares of Apple by 0.4% in the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after purchasing an additional 34 shares during the last quarter. JMG Financial Group Ltd. grew its stake in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after purchasing an additional 35 shares during the last quarter. Advocate Investing Services LLC increased its holdings in Apple by 0.5% in the second quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after purchasing an additional 39 shares during the period. Finally, Interactive Financial Advisors Inc. raised its position in Apple by 4.0% during the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after purchasing an additional 40 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $329.40 on Wednesday. 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 company's 50-day moving average is $321.83 and its 200-day moving average is $298.67. The stock has a market capitalization of $4.81 trillion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.94 and a beta of 1.08. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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 business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the previous year, the company posted $1.57 EPS. The firm's revenue was up 16.4% compared to the same quarter last year. Equities research analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

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

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO John Ternus is reportedly considering a leaner, engineering-led structure that could eliminate layers of middle management, accelerate product launches and make Apple more experimental. Investors may view the changes as a response to concerns about slower innovation, particularly in artificial intelligence. Apple CEO overhaul report
• Positive Sentiment: Apple Pay is reportedly launching in a key market, potentially expanding transaction volume and services revenue. Separately, Apple remains a major customer for TSMC’s advanced 2-nanometer chips, supporting future device performance and product differentiation. Apple Pay launch report
• Neutral Sentiment: Apple’s large buyback program remains a relative strength among the Magnificent Seven, although the immediate effect is financial support rather than a new growth catalyst. Apple and Nvidia buybacks
• Negative Sentiment: Bank of America warned that Meta’s Muse could change how consumers search, shop and initiate payments. Even if users continue buying iPhones, AI agents could divert discovery and referral activity away from Apple’s ecosystem, putting pressure on services growth and Apple’s AI strategy. Apple faces threat from Meta Muse
• Negative Sentiment: Reports that Ternus may plan layoffs as memory-chip costs rise raise concerns about gross-margin pressure and slower near-term earnings growth. Apple has already indicated that higher memory expenses could reduce profit per device.
• Negative Sentiment: Apple also faces legal and operational overhangs, including a $5.7 billion patent verdict, a revived UK consumer lawsuit involving Amazon marketplace sales, and an emergency iOS security update addressing a flaw that could enable arbitrary code execution. Apple patent verdict

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94. Following the transaction, the senior vice president directly owned 44,391 shares of the company's stock, valued at $15,095,603.46. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 11,031 shares of company stock worth $3,535,759 in the last ninety days. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $303.00 price objective on shares of Apple in a research note on Thursday, September 10th. Loop Capital set a $380.00 target price on shares of Apple in a research report on Friday, September 18th. Citic Securities raised their price target on shares of Apple from $300.00 to $349.00 in a report on Thursday, August 6th. Seaport Research Partners downgraded shares of Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. Finally, HSBC reaffirmed a "buy" rating and issued a $366.00 price objective on shares of Apple in a research note on Tuesday, September 8th. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $340.14.

Apple Profile

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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