Aware Super Pty Ltd as trustee of Aware Super decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,829,755 shares of the iPhone maker's stock after selling 38,672 shares during the period. Apple comprises 7.5% of Aware Super Pty Ltd as trustee of Aware Super's portfolio, making the stock its 2nd biggest position. Aware Super Pty Ltd as trustee of Aware Super's holdings in Apple were worth $529,458,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Lifetime Wealth Management P.C. acquired a new position in Apple during the fourth quarter worth $41,000. ROSS JOHNSON & Associates LLC increased its stake in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in Apple during the 4th quarter worth about $65,000. Timmons Wealth Management LLC bought a new stake in Apple during the 4th quarter worth about $69,000. Finally, Inspire Investing LLC acquired a new position in shares of Apple during the 4th quarter worth about $76,000. Institutional investors and hedge funds own 67.73% of the company's stock.
Analysts Set New Price Targets
AAPL has been the subject of several analyst reports. Bank of America restated a "buy" rating and issued a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a report on Friday, July 31st. Rothschild & Co Redburn set a $400.00 price target on Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Morgan Stanley restated an "overweight" rating and issued a $360.00 price target on shares of Apple in a research note on Wednesday. Finally, KeyCorp reaffirmed an "underweight" rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $330.61.
Get Our Latest Stock Report on AAPL
Apple Stock Down 0.1%
Apple stock opened at $324.96 on Thursday. 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 company's 50-day moving average is $313.87 and its 200-day moving average is $289.62. The firm has a market capitalization of $4.74 trillion, a PE ratio of 37.27, a P/E/G ratio of 2.81 and a beta of 1.09. Apple Inc. has a fifty-two week low of $225.95 and a fifty-two week high of $344.57.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during 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 quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company posted $1.57 earnings per share. Sell-side analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current year.
Apple Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given 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 of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is presently 12.39%.
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: CEO transition initially welcomed: John Ternus officially became CEO on Sept. 1 after 25 years at Apple, while Tim Cook remains executive chairman. Investors view Ternus’s hardware expertise as providing continuity, and Apple shares rose sharply during his first day in the role. Apple shares rise as John Ternus takes over as CEO
- Positive Sentiment: Constructive analyst outlook: Morgan Stanley reaffirmed its overweight rating and set a $360 price target, while Bank of America reiterated Buy with a $380 target. Analysts see potential for Apple to strengthen its position in the AI era through hardware, services and a new product cycle.
- Positive Sentiment: Foldable iPhone could add significant revenue: Morgan Stanley estimates Apple’s anticipated foldable iPhone could contribute approximately $14 billion in December-quarter revenue, creating a potential new growth engine. Apple foldable iPhone revenue estimate
- Neutral Sentiment: Sept. 9 launch is the key near-term catalyst: Wall Street considers the upcoming iPhone event an important test of pricing power, consumer demand, AI capabilities and whether Apple can sustain growth beyond its mature smartphone franchise. Ternus has described the launch as “phenomenal.” Why the next iPhone launch matters
- Neutral Sentiment: Leadership incentives align with shareholders: Ternus’s approximately $55 million–$58 million compensation package is heavily tied to Apple’s performance relative to the S&P 500. Cook will receive about $47 million as executive chairman, supporting continuity but underscoring his continued influence.
- Negative Sentiment: Valuation and growth concerns remain: DA Davidson maintained a Neutral rating with a $270 target, and Rosenblatt kept Neutral despite raising its target to $303. Analysts warn that Apple may need the foldable iPhone and stronger AI execution to avoid a revenue slowdown next year, while its premium valuation leaves limited room for disappointment.
- Negative Sentiment: AI, memory costs and legal risks weigh on sentiment: Apple trails some rivals in AI, faces elevated memory-chip costs that could pressure margins, and is engaged in a contentious trade-secrets lawsuit with OpenAI. OpenAI denies Apple’s allegations, increasing uncertainty around the dispute.
Insider Activity at Apple
In related news, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total value of $447,457.05. Following the completion of the sale, the senior vice president owned 37,229 shares in the company, valued at approximately $11,576,357.55. This trade represents a 3.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,433 shares of company stock valued at $1,367,024 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.
About Apple
(
Free Report)
Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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