CFO4Life Group LLC Invests $34.77 Million in Apple Inc. $AAPL

CFO4Life Group LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 120,154 shares of the iPhone maker's stock, valued at approximately $34,768,000. Apple comprises 4.7% of CFO4Life Group LLC's portfolio, making the stock its 4th biggest position.

Several other institutional investors also recently bought and sold shares of AAPL. Longfellow Investment Management Co. LLC purchased a new position in Apple during the 2nd quarter valued at approximately $30,000. Lifetime Wealth Management P.C. bought a new stake in Apple in the fourth quarter worth $41,000. Ascentis Wealth Management LLC raised its stake in Apple by 822.7% during the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock valued at $85,000 after purchasing an additional 260,792 shares in the last quarter. Basso Capital Management L.P. bought a new position in Apple during the fourth quarter valued at $88,000. Finally, Bard Associates Inc. bought a new position in Apple during the fourth quarter valued at $109,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research reports. CICC Research boosted their target price on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Evercore set a $380.00 price target on shares of Apple and gave the company an "outperform" rating in a report on Friday, September 18th. DA Davidson reissued a "neutral" rating and set a $270.00 price objective on shares of Apple in a research note on Wednesday, September 2nd. Robert W. Baird upped their price objective on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Finally, Argus raised their price objective on Apple from $325.00 to $375.00 in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $340.14.

Apple Trading Down 0.8%

NASDAQ AAPL opened at $337.02 on Thursday. The stock has a market cap of $4.92 trillion, a PE ratio of 38.65, a PEG ratio of 2.95 and a beta of 1.08. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $345.34. The company's 50-day moving average price is $321.36 and its 200-day moving average price is $296.51. The company has a current ratio of 1.00, a quick ratio of 0.93 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 for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. Equities research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the transaction, the senior vice president owned 35,790 shares of the company's stock, valued at $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 8,632 shares of company stock valued at $2,719,955 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reaffirmed its Buy rating and assigned a $370 price target, implying further upside. The firm highlighted improving iPhone 18 Pro Max availability trends, while premium demand remains relatively resilient. BofA Sends Stark Message to Apple Stock Investors on iPhone 18
• Positive Sentiment: Apple’s new M6 Mac mini and M5 Mac Studio are being marketed as lower-cost alternatives to cloud-based AI infrastructure, potentially expanding Apple’s enterprise opportunity. Their ability to run large AI models locally could create a new hardware growth driver. With new Macs, Apple aims to take on Microsoft and Nvidia
• Positive Sentiment: Reports that Apple is developing a screenless fitness tracker to compete with Whoop and Oura point to potential long-term expansion in health and wearables, although a launch may not occur until 2028. Apple could take on Whoop with a new fitness tracker

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.

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