Apple Inc. $AAPL Stock Bought by Endeavor Private Wealth Inc.

Key Points

• Endeavor Private Wealth increased its Apple stake by 22.3% in the second quarter, owning 16,311 shares valued at approximately $4.72 million. Institutional investors collectively own 67.73% of Apple’s outstanding stock.
• Wall Street’s consensus rating remains “Moderate Buy”, with a consensus price target of $340.02, although recent analyst actions range from bullish targets of $400 to bearish concerns about valuation and margins.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, beating estimates, while the stock traded near its 52-week high at $340.42 and continued paying a quarterly dividend of $0.27 per share.

Endeavor Private Wealth Inc. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 22.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,311 shares of the iPhone maker's stock after acquiring an additional 2,973 shares during the quarter. Apple comprises about 1.1% of Endeavor Private Wealth Inc.'s investment portfolio, making the stock its 22nd biggest position. Endeavor Private Wealth Inc.'s holdings in Apple were worth $4,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. Berkshire Hathaway Inc bought a new stake in shares of Apple in the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE bought a new position in Apple during the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple in the 2nd quarter worth about $30,443,242,000. Nuveen LLC lifted its stake in 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 purchasing an additional 2,725,121 shares during the last quarter. Finally, Amundi lifted its stake in 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 purchasing an additional 13,780,080 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AAPL. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. DZ Bank downgraded Apple from a "buy" rating to a "hold" rating and set a $310.00 price objective on the stock. in a research report on Tuesday, August 4th. Rothschild & Co Redburn set a $400.00 target price on Apple and gave the stock a "buy" rating in a research note on Monday, August 17th. UBS Group reiterated a "neutral" rating on shares of Apple in a research report on Tuesday. Finally, Barclays reissued an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.02.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: AI monetization opportunity: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by leveraging more than 2.5 billion active devices and its Services ecosystem. He sees the opportunity adding as much as $75 per share to Apple’s valuation. Apple Could Be the Toll Collector of Consumer AI
• Positive Sentiment: Smart-home expansion: Apple is expected to unveil new connected-home products, potentially including a doorbell, thermostat, lock and other accessories developed with LG Electronics, at its October 13 “Welcome Home” event. The initiative could broaden Apple’s hardware and Services opportunity while strengthening HomeKit against Amazon and Google. Apple Smart Home Push
• Positive Sentiment: M&A leadership change: Apple appointed veteran insider Steve Smith as head of mergers and acquisitions, replacing Adrian Perica, who is moving to the Services division. Investors may view the change as support for a more active acquisition strategy and tighter alignment between dealmaking and Services growth. Apple Names Steve Smith New M&A Chief
• Positive Sentiment: Tokenized-stock exposure: Securitize launched tokenized versions of Apple and 11 other major U.S. stocks on Solana. The offering could increase visibility for Apple’s shares and reflects broader demand for digital access to large-cap equities, although the direct financial effect on Apple is limited. Securitize Launches Tokenized U.S. Equities
• Neutral Sentiment: Management is pursuing faster execution: CEO John Ternus is reportedly considering more frequent product releases and fewer management layers. The changes could improve innovation, but commentary also highlights that Siri and Apple’s AI execution remain areas where investors want faster progress. Apple Is Speeding Up, Siri Isn’t
• Negative Sentiment: Valuation and margin risks: Apple trades at a premium earnings multiple after a strong year-to-date advance. Morgan Stanley lowered its price target to $355 despite raising revenue estimates, citing softer iPhone pricing and higher memory-chip costs. Bank of America also warned that Meta’s AI developments could challenge Apple’s Services ecosystem. Morgan Stanley Is Bullish on Apple With a Catch
• Negative Sentiment: Insider selling and concentration concerns: Senior Vice President Jennifer Newstead sold 2,399 shares, a relatively small transaction that may nevertheless add to investor caution. Separately, Apple’s huge weighting in the S&P 500 leaves index investors vulnerable if the stock or other mega-cap technology shares retreat. Apple Insider Transaction Filing

Insider Transactions at Apple

In other Apple news, CEO John Ternus sold 25,412 shares of the business's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the sale, the insider directly owned 3,264,168 shares in the company, valued at $1,086,837,377.28. This represents a 5.55% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 279,383 shares of company stock valued at $92,912,517. Insiders own 0.06% of the company's stock.

Apple Stock Up 1.1%

Apple stock opened at $340.42 on Friday. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34. The stock has a market capitalization of $4.97 trillion, a price-to-earnings ratio of 39.04, a PEG ratio of 2.68 and a beta of 1.07. 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 business has a fifty day moving average price of $322.06 and a 200-day moving average price of $302.76.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating 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 company earned $1.57 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. 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 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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