AssuredPartners Investment Advisors LLC Purchases Shares of 88,885 Apple Inc. $AAPL

Key Points

• AssuredPartners Investment Advisors acquired 88,885 Apple shares worth approximately $25.7 million, making Apple its ninth-largest holding and representing about 2.5% of its portfolio.
• Institutional investors own approximately 67.73% of Apple, with major firms including Vanguard, Amundi and Diamant Asset Management increasing their positions.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, beating analyst estimates, while analysts maintain a consensus “Moderate Buy” rating with a $340.14 price target.

AssuredPartners Investment Advisors LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 88,885 shares of the iPhone maker's stock, valued at approximately $25,720,000. Apple accounts for about 2.5% of AssuredPartners Investment Advisors LLC's holdings, making the stock its 9th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG acquired a new position in Apple in the second quarter valued at approximately $13,658,359,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Apple during the 2nd quarter valued at approximately $10,588,946,000. Vanguard Group Inc. lifted its stake in shares of Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares during the period. Diamant Asset Management Inc. lifted its stake in shares of Apple by 24,974.3% in the 1st quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock valued at $6,754,449,000 after purchasing an additional 26,508,181 shares during the period. Finally, Amundi boosted its holdings in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after buying an additional 13,780,080 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Down 0.3%

Shares of NASDAQ AAPL opened at $336.13 on Friday. The firm has a market cap of $4.91 trillion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. The company's 50-day simple moving average is $320.24 and its 200-day simple moving average is $294.69. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 52-week low of $240.21 and a 52-week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 EPS. Equities analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced 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 yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is 12.39%.

Analyst Ratings Changes

AAPL has been the topic of several analyst reports. Argus raised their price target on shares of Apple from $325.00 to $375.00 in a research report on Monday, June 8th. DZ Bank lowered shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price on the stock. in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft cut Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Weiss Ratings cut Apple from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. Finally, Sanford C. Bernstein increased their price target on Apple from $350.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $330.19, for a total value of $474,813.22. Following the sale, the senior vice president owned 32,914 shares of the company's stock, valued at $10,867,873.66. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 8,632 shares of company stock valued at $2,719,955 over the last 90 days. 0.06% of the stock is owned by insiders.

Apple 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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