Apple Inc. $AAPL Stock Sold by Nissay Asset Management Corp Japan

Key Points

• Nissay Asset Management Japan trimmed its Apple stake by 0.3%, selling 10,037 shares and retaining 3.23 million shares worth approximately $933.6 million. Apple remains 4.0% of its portfolio and its fourth-largest holding.
• Other institutional investors added significant Apple positions during the second quarter, while hedge funds and institutions collectively owned 67.73% of the company’s stock.
• Apple recently exceeded quarterly earnings and revenue estimates, and analysts maintain a consensus “Moderate Buy” rating with a $340.14 target price, though some firms have downgraded the stock to neutral.

Nissay Asset Management Corp Japan decreased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,226,381 shares of the iPhone maker's stock after selling 10,037 shares during the period. Apple accounts for 4.0% of Nissay Asset Management Corp Japan's investment portfolio, making the stock its 4th largest holding. Nissay Asset Management Corp Japan's holdings in Apple were worth $933,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AAPL. Prospect Hill Management LLC acquired a new stake in Apple during the 2nd quarter worth approximately $146,370,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Apple in the second quarter valued at approximately $168,646,000. Wealthfront Advisers LLC acquired a new position in shares of Apple in the second quarter valued at approximately $482,388,000. Satovsky Asset Management LLC purchased a new stake in shares of Apple during the second quarter worth approximately $16,064,000. Finally, Saranac Partners Ltd purchased a new stake in shares of Apple during the second quarter worth approximately $9,513,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total transaction of $815,803.94. Following the completion of the sale, the senior vice president directly owned 44,391 shares of the company's stock, valued at $15,095,603.46. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 11,031 shares of company stock valued at $3,535,759. 0.06% of the stock is owned by company insiders.

Apple Trading Up 1.1%

Shares of AAPL stock opened at $333.02 on Thursday. The firm has a market cap of $4.86 trillion, a P/E ratio of 38.19, a PEG ratio of 2.86 and a beta of 1.08. 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. The firm's 50-day simple moving average is $321.97 and its 200-day simple moving average is $299.21.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wedbush restated an "outperform" rating and issued a $400.00 price objective on shares of Apple in a research report on Friday, June 5th. The Goldman Sachs Group initiated coverage on Apple in a research note on Monday, August 17th. They set a "buy" rating on the stock. Needham & Company LLC restated a "hold" rating on shares of Apple in a report on Tuesday, September 8th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $303.00 price objective on shares of Apple in a research note on Thursday, September 10th. Finally, Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

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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