Apple Inc. $AAPL Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Key Points

• Tokio Marine Asset Management increased its Apple stake by 2.5% in the second quarter to 683,191 shares valued at approximately $197.7 million. Apple represents about 6.1% of the firm’s portfolio, while institutions and hedge funds collectively own 67.73% of the stock.
• Apple reported strong quarterly results, with revenue rising 16.4% year over year to $109.42 billion and earnings of $2.02 per share, beating estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $330.61.
• Investor focus is centered on Apple’s upcoming product launches, including a potential foldable iPhone, but supply constraints, rising memory costs, and ongoing litigation could weigh on growth and margins.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 683,191 shares of the iPhone maker's stock after acquiring an additional 16,983 shares during the period. Apple makes up approximately 6.1% of Tokio Marine Asset Management Co. Ltd.'s investment portfolio, making the stock its 3rd largest holding. Tokio Marine Asset Management Co. Ltd.'s holdings in Apple were worth $197,688,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Lifetime Wealth Management P.C. purchased a new position in shares of Apple during the fourth quarter worth $41,000. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management acquired a new stake in Apple during the 4th quarter worth about $65,000. Timmons Wealth Management LLC acquired a new stake in Apple during the 4th quarter worth about $69,000. Finally, 49 Wealth Management LLC raised its stake in shares of Apple by 15.7% during the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock valued at $76,000 after buying an additional 40,543 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares in the company, valued at $11,345,787.90. This trade represents a 3.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,872 shares of company stock valued at $1,823,201 over the last 90 days. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. The Goldman Sachs Group started coverage on Apple in a report on Monday, August 17th. They issued a "buy" rating for the company. Phillip Securities lowered shares of Apple from a "hold" rating to a "moderate sell" rating in a report on Monday, August 3rd. Maxim Group reiterated a "buy" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Oppenheimer reissued a "market perform" rating on shares of Apple in a report on Friday, July 31st. Finally, Wells Fargo & Company restated an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. One 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $330.61.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Sept. 9 product event is generating significant interest under new CEO John Ternus, with expectations for new iPhones, an Apple Watch update and potentially the company’s first foldable iPhone. Citi estimates the foldable device could sell 7.3 million units despite a possible price above $2,000. Citi foldable iPhone sales forecast
• Positive Sentiment: Apple’s latest quarter showed strong momentum, with revenue rising 16.4% year over year and earnings exceeding analyst expectations. Morgan Stanley has also suggested the foldable iPhone could contribute roughly $14 billion in December-quarter revenue if successfully launched. Morgan Stanley foldable iPhone estimate
• Neutral Sentiment: John Ternus has succeeded Tim Cook as CEO, while Cook remains executive chairman. The transition offers continuity through a longtime Apple executive but raises questions about whether Ternus can accelerate Apple’s artificial-intelligence strategy and sustain Cook-era growth. John Ternus becomes Apple CEO
• Negative Sentiment: Reports indicate initial foldable iPhone production was only a few hundred units per day in late August. Tight quality controls and memory shortages could limit launch supply, delay purchases and prevent Apple from fully capturing expected demand. Foldable iPhone production hurdles
• Negative Sentiment: Memory costs have reportedly surged, potentially forcing Apple to raise iPhone prices, absorb lower margins or risk weaker demand. Jefferies has also downgraded AAPL amid skepticism about the foldable product’s market potential. iPhone memory cost concerns
• Negative Sentiment: Apple faces a $2.7 billion UK lawsuit over alleged unfair app-tracking rules and a separate BASF patent lawsuit involving facial-authentication technology, adding regulatory and litigation risk. Apple UK app-tracking lawsuit

Apple Price Performance

Shares of NASDAQ AAPL opened at $319.97 on Monday. The firm has a 50-day simple moving average of $315.65 and a 200-day simple moving average of $290.59. 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 market capitalization of $4.67 trillion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Apple Inc. has a 52 week low of $225.95 and a 52 week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly 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 firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period in the previous year, the business posted $1.57 earnings per share. Apple's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Apple Company 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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