Apple Inc. $AAPL Stock Purchased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Apple stake by 9.8% in the second quarter, adding 1.3 million shares to reach 14.6 million shares valued at approximately $4.25 billion.
• Institutional ownership remains substantial, with State Street, Berkshire Hathaway, Bank of America, Legal & General, and Amundi among major Apple investors; institutions collectively own 67.73% of the stock.
• Analysts maintain a generally positive outlook, with Apple receiving a consensus “Moderate Buy” rating and an average price target of $340.39. The company also exceeded quarterly earnings and revenue estimates, reporting $2.02 in EPS and $109.42 billion in revenue.

Envestnet Asset Management Inc. boosted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 9.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,628,132 shares of the iPhone maker's stock after purchasing an additional 1,304,406 shares during the period. Apple makes up about 0.6% of Envestnet Asset Management Inc.'s portfolio, making the stock its 23rd largest holding. Envestnet Asset Management Inc. owned 0.10% of Apple worth $4,249,340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Apple by 4.7% in the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock valued at $182,897,769,000 after buying an additional 28,321,085 shares during the period. Berkshire Hathaway Inc bought a new position in Apple during the second quarter valued at about $65,950,297,000. Bank of America Corp DE acquired a new position in Apple during the second quarter worth about $36,986,090,000. Legal & General Group Plc acquired a new position in Apple during the second quarter worth about $30,443,242,000. Finally, Amundi raised its position 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 acquiring an additional 13,780,080 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Daiwa Securities Group upped their price target on shares of Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. BTIG Research began coverage on shares of Apple in a research report on Monday, August 17th. They set a "neutral" rating for the company. Maxim Group lifted their price objective on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Rosenblatt Securities reiterated a "neutral" rating and issued a $303.00 target price on shares of Apple in a report on Thursday, September 10th. Finally, Bank of America reiterated a "buy" rating and issued a $370.00 target price on shares of Apple in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $340.39.

Insider Buying and Selling

In other Apple news, CEO John Ternus sold 25,412 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the sale, the chief executive officer owned 59,567 shares in the company, valued at approximately $19,832,236.98. The trade was a 29.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 279,383 shares of company stock worth $92,912,517. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $340.97 on Tuesday. 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 $4.98 trillion, a price-to-earnings ratio of 39.10, a PEG ratio of 2.68 and a beta of 1.07. The stock's fifty day simple moving average is $323.36 and its 200 day simple moving average is $303.99. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm earned $1.57 earnings per share. Apple's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: JPMorgan raised its Apple price target from $340 to $360 and maintained an “Overweight” rating, citing improved iPhone 18 Pro demand. Bank of America reiterated its Buy rating and kept a $370 target, viewing potential Starlink competition as manageable. Apple Stock Climbs as JPMorgan Lifts Target, BofA Reiterates Buy
• Positive Sentiment: Apple reportedly reached a 22% share of the global smartphone market in the third quarter, supported by premium iPhone 18 Pro demand despite an overall industry shipment decline. Reports of strong orders for a new foldable iPhone also provided an additional growth narrative. Apple Stock Nears Record High as iPhone Market Share Hits 22%
• Positive Sentiment: Investors are anticipating Apple’s expanded smart-home strategy, including a rumored HomeView hub and updated Apple TV and HomePod mini. A successful launch could strengthen Apple’s ecosystem and open a new product category. Will the HomeView Be Apple’s First Smart Home Success?
• Neutral Sentiment: CEO succession is proceeding with John Ternus replacing Tim Cook, while Cook becomes executive chairman. Apple also met with Chinese officials, underscoring the importance of maintaining stable business and trade relations in its largest overseas market. Tim Cook Meets China’s Vice Premier
• Negative Sentiment: SpaceX’s planned Starlink mobile service could pressure wireless-carrier subsidies that support iPhone sales and eventually create a competing smartphone ecosystem. SpaceX’s Starlink Could Pose Risks to Apple
• Negative Sentiment: Reported supplier order reductions and rising memory costs are renewing concerns about iPhone 18 demand and margins. Google’s integration of wearable data with more than 160 lab tests also increases competition for Apple’s health-platform advantage. iPhone 18 Demand and Supplier Order Cuts

About Apple

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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