Apple Inc. $AAPL Shares Purchased by Arrowstreet Capital Limited Partnership

Key Points

• Arrowstreet Capital increased its Apple stake by 12% in the first quarter, purchasing 2.08 million additional shares to hold 19.44 million shares valued at approximately $4.93 billion. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported a strong latest quarter, with EPS of $2.02 beating estimates of $1.89 and revenue of $109.42 billion rising 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, equal to a 0.3% yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $330.44, although some analysts cited valuation, rising costs, policy risks and increasing competition in emerging hardware markets.

Arrowstreet Capital Limited Partnership boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,443,190 shares of the iPhone maker's stock after purchasing an additional 2,083,564 shares during the period. Apple makes up approximately 2.7% of Arrowstreet Capital Limited Partnership's portfolio, making the stock its 5th biggest holding. Arrowstreet Capital Limited Partnership owned approximately 0.13% of Apple worth $4,934,487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Rainier Family Wealth Inc. increased its holdings in Apple by 14.1% in the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after buying an additional 3,014 shares during the last quarter. Eaton Cambridge Inc. lifted its holdings in 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 buying an additional 2,450 shares during the last quarter. Torren Management LLC acquired a new position in shares of Apple in the 4th quarter worth approximately $1,178,000. Summit Wealth Partners LLC grew its position in shares of Apple by 108.3% in the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock worth $8,880,000 after acquiring an additional 18,188 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp bought a new stake in shares of Apple in the 4th quarter valued at approximately $105,482,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In other Apple news, insider Ben Borders sold 116 shares of the business'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 sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

Shares of AAPL stock opened at $313.33 on Monday. Apple Inc. has a 1 year low of $219.25 and a 1 year high of $344.57. The firm has a market capitalization of $4.57 trillion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. The stock has a fifty day moving average of $309.45 and a two-hundred day moving average of $283.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly 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 company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period last year, the company earned $1.57 earnings per share. The company's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, research analysts expect that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio (DPR) is presently 12.39%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America restated a "buy" rating and set a $380.00 price objective on shares of Apple in a research note on Thursday, June 18th. Phillip Securities lowered shares of Apple from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 3rd. Royal Bank Of Canada set a $365.00 target price on shares of Apple in a report on Wednesday, July 15th. BNP Paribas Exane upgraded shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target on the stock in a research report on Friday, April 17th. Finally, KeyCorp reaffirmed an "underweight" rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $330.44.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Planned CEO transition appears orderly. Tim Cook will step down in September and be succeeded by longtime Apple executive John Ternus, a veteran with experience dating back to the Steve Jobs era. Cook’s endorsement and Ternus’ familiarity with Apple’s products may reduce concerns about strategic disruption. Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple
• Positive Sentiment: Core business momentum remains strong. Apple’s latest quarter exceeded earnings and revenue expectations, with revenue up roughly 16% year over year. Broad iPhone, Mac and Services demand continues to support the bullish case. Tim Cook's Last Quarter as CEO Was Apple's Best June Quarter Ever
• Positive Sentiment: App Store monetization is holding up. App Store revenue increased slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%. This suggests continued pricing and engagement resilience in a key Services business. Apple App Store Revenue Ticks Up Despite Falling Downloads
• Neutral Sentiment: OpenAI is seeking dismissal of Apple’s trade-secrets lawsuit. OpenAI denies misappropriating confidential information related to Apple’s consumer-hardware efforts. The filing does not resolve the dispute, leaving legal and competitive uncertainty in place. OpenAI Seeks Dismissal of Apple's Trade Secrets Lawsuit
• Negative Sentiment: Near-term cost and growth pressures are weighing on sentiment. Rising memory prices, supply constraints and policy risks could pressure margins, while slower Services growth has prompted some firms to downgrade Apple to Hold or Moderate Sell. Apple's Capex Strategy Worked But Other Pressures Are Mounting
• Negative Sentiment: Competition in emerging hardware is increasing. Samsung reported a 30% rise in foldable-device preorders, highlighting a market Apple has yet to enter. Investors may view future Apple foldables as an opportunity, but execution and timing remain uncertain. Samsung Foldable Preorders Jump 30%

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.

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