Capital Financial Group Inc. Co. ADV Makes New $4.40 Million Investment in Apple Inc. $AAPL

Key Points

• Capital Financial Group Inc. Co. ADV acquired 15,204 Apple shares worth approximately $4.4 million in the second quarter, making Apple its eighth-largest holding and representing 2.3% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Analysts maintain a generally positive view of Apple, with a “Moderate Buy” consensus rating and an average price target of $338.80. Ratings range from Barclays’ $245 underweight target to Bernstein’s $370 outperform target.
• Apple reported quarterly EPS of $2.02, beating expectations, while revenue rose 16.4% year over year to $109.42 billion. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 0.3% yield.

Capital Financial Group Inc. Co. ADV acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,204 shares of the iPhone maker's stock, valued at approximately $4,399,000. Apple accounts for 2.3% of Capital Financial Group Inc. Co. ADV's holdings, making the stock its 8th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Apple in the second quarter valued at approximately $10,588,946,000. Vanguard Group Inc. lifted its holdings in Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after buying an additional 26,856,752 shares in the last quarter. Diamant Asset Management Inc. lifted its holdings in Apple by 24,974.3% during the 1st quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock worth $6,754,449,000 after buying an additional 26,508,181 shares in the last quarter. Amundi boosted its position in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after buying an additional 13,780,080 shares during the period. Finally, Ascentis Wealth Management LLC grew its stake in shares of Apple by 27,622.7% in the second quarter. Ascentis Wealth Management LLC now owns 8,788,371 shares of the iPhone maker's stock worth $2,543,003,000 after acquiring an additional 8,756,670 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AAPL. Barclays reaffirmed an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Moffett Nathanson restated a "neutral" rating and set a $304.00 target price (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. KGI Securities lowered shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price on the stock. in a research note on Monday, June 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research report on Tuesday, September 8th. Finally, Sanford C. Bernstein boosted their target price on shares of Apple from $350.00 to $370.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $338.80.

Apple Stock Performance

Shares of AAPL stock opened at $331.34 on Wednesday. The stock has a market capitalization of $4.84 trillion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. Apple Inc. has a 52-week low of $236.32 and a 52-week high of $344.57. The stock's 50-day moving average price is $319.02 and its 200 day moving average price is $293.47. 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 (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating 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 net margin of 27.62% and a return on equity of 135.46%. Apple's revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. As a group, equities research analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's payout ratio is 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new iPhone Duo foldable is generating significant investor interest. Analysts and commentators including Jim Cramer and Gary Black believe demand could be substantial, while some coverage suggests the device could expand Apple’s addressable market and support a longer-term upgrade cycle. Jim Cramer on Apple foldable demand
• Positive Sentiment: Several analysts remain bullish. Bank of America reiterated a Buy rating with a $370 price target, JPMorgan reaffirmed its Buy rating, and Morgan Stanley reportedly increased its conviction as Apple’s hardware and AI offerings become more compelling. Bank of America Apple rating
• Positive Sentiment: Apple had a record Emmy performance, taking home the most awards and strengthening Apple TV+’s position in streaming. The recognition could support customer engagement and Apple’s services strategy, although the direct financial effect is difficult to quantify. Apple Emmy coverage
• Neutral Sentiment: Early iPhone 18 Pro delivery times are shorter than last year’s, producing mixed interpretations: they may indicate softer demand, or consumers may be waiting for the foldable Duo. Apple’s stock is also roughly 4% below its recent high, limiting the margin for disappointment.
• Negative Sentiment: Reports describe iPhone 18 Pro demand as lukewarm, with shorter lead times and some indications of surprisingly weak preorders. Investors are concerned that the standard premium iPhone cycle may not justify Apple’s valuation. Apple iPhone 18 Pro demand
• Negative Sentiment: The redesigned Siri is launching under a beta label with language, regional, device and waitlist restrictions. Reported usage caps and response times of five to 15 seconds could delay the expected AI-driven upgrade cycle. Apple Siri AI rollout
• Negative Sentiment: India’s consumer regulator escalated an investigation into Apple’s software warranty terms and repair costs, creating potential regulatory, reputational and financial risk in an important growth market. India investigation into Apple

Insider Buying and Selling at Apple

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total value of $456,176.74. Following the sale, the senior vice president owned 34,352 shares of the company's stock, valued at approximately $10,897,484.96. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 7,194 shares of company stock valued at $2,245,142. Corporate insiders own 0.06% of the company's stock.

About Apple

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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.