Apple Inc. $AAPL Shares Sold by GFG Capital LLC

Key Points

• GFG Capital reduced its Apple stake by 2.7% in the second quarter, selling 2,134 shares and retaining 77,561 shares worth approximately $22.4 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported strong quarterly results, earning $2.02 per share on $109.42 billion in revenue, with revenue up 16.4% year over year. The company also maintains a quarterly dividend of $0.27 per share, yielding approximately 0.3%.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $340.14. However, Apple’s elevated valuation, rising component costs, AI competition and legal issues remain notable risks.

GFG Capital LLC lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,561 shares of the iPhone maker's stock after selling 2,134 shares during the period. Apple comprises approximately 5.4% of GFG Capital LLC's investment portfolio, making the stock its 2nd largest holding. GFG Capital LLC's holdings in Apple were worth $22,443,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berkshire Hathaway Inc purchased a new stake in Apple during the second quarter worth $65,950,297,000. Bank of America Corp DE purchased a new position in Apple in the second quarter valued at $36,986,090,000. Legal & General Group Plc purchased a new position in Apple in the second quarter valued at $30,443,242,000. Nuveen LLC raised its position in shares of Apple by 3.8% in the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after acquiring an additional 2,725,121 shares during the period. Finally, Amundi raised its position in shares of Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total value of $815,803.94. Following the completion of the sale, the senior vice president owned 44,391 shares in the company, valued at approximately $15,095,603.46. This represents a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 11,031 shares of company stock valued at $3,535,759. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

NASDAQ AAPL opened at $341.07 on Monday. The company has a market cap of $4.98 trillion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.08. The stock's 50 day simple moving average is $321.56 and its 200-day simple moving average is $297.64. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

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, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities research analysts anticipate 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. Investors of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is currently 12.39%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AAPL shares. Bank of America restated a "buy" rating and set a $370.00 target price on shares of Apple in a research report on Wednesday, September 23rd. Evercore set a $380.00 price target on Apple and gave the stock an "outperform" rating in a report on Friday, September 18th. Morgan Stanley reiterated an "overweight" rating and set a $360.00 price target on shares of Apple in a research report on Wednesday, September 2nd. TD Cowen reissued a "buy" rating and issued a $400.00 price objective on shares of Apple in a report on Thursday, September 10th. Finally, CICC Research boosted their price objective on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, August 4th. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone 18 demand remains encouraging. Long lines in India and strong interest in the iPhone 18 Pro and Pro Max suggest Apple’s premium pricing is holding up in an important growth market. Evercore ISI raised its price target to $380 from $365 while maintaining an outperform rating. Apple iPhone demand in India
• Positive Sentiment: Momentum and technical positioning remain supportive. AAPL has gained roughly 10% over the past month and is approaching a potential buy point, helping sustain investor interest. Bank of America and JPMorgan have reiterated bullish ratings, while several analysts maintain targets above the current trading range. Apple stock approaches buy point
• Neutral Sentiment: Apple is expanding its product ecosystem. The company plans a refreshed HomePod mini, while reports suggest it may develop its own AI server chips. These initiatives could support future ecosystem engagement and infrastructure efficiency, but they are not yet material earnings drivers. Apple to release new HomePod mini
• Negative Sentiment: Rising component costs could pressure margins. Bernstein warned that surging memory and other smartphone component costs may weigh on gross margins and earnings in the December quarter, particularly as Apple introduces more expensive iPhones. Apple’s expensive new iPhones and margins
• Negative Sentiment: Valuation and AI execution remain key risks. At nearly $5 trillion in market value and about 38–39 times earnings, Apple requires continued earnings growth to justify its valuation. Analysts argue Alphabet’s Gemini ecosystem and monetization progress currently give it an edge in consumer AI, while Meta’s AI devices add competitive pressure. Alphabet versus Apple in consumer AI
• Negative Sentiment: Legal and product issues add uncertainty. A judge certified a class of payment card issuers in an Apple Pay antitrust lawsuit alleging improper fees. Separately, Apple is preparing a software fix for an iPhone 18 Pro reboot problem. Apple Pay class-action lawsuit

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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