Clear Harbor Asset Management LLC Acquires Shares of 308,205 Apple Inc. $AAPL

Clear Harbor Asset Management LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 308,205 shares of the iPhone maker's stock, valued at approximately $89,182,000. Apple comprises 5.5% of Clear Harbor Asset Management LLC's investment portfolio, making the stock its 2nd largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Prospect Hill Management LLC acquired a new stake in Apple in the second quarter worth about $146,370,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Apple in the 2nd quarter valued at about $168,646,000. Wealthfront Advisers LLC acquired a new stake in shares of Apple during the 2nd quarter worth approximately $482,388,000. Baron Silver Stevens Financial Advisors LLC raised its stake in shares of Apple by 65.6% during the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 66,717 shares of the iPhone maker's stock worth $19,305,000 after buying an additional 26,418 shares during the last quarter. Finally, Sterling Financial Planning Inc. bought a new stake in shares of Apple during the second quarter worth approximately $4,666,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

More Apple News

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

Insider Activity

In related news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total transaction of $474,813.22. Following the sale, the senior vice president directly owned 32,914 shares in the company, valued at $10,867,873.66. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 8,632 shares of company stock worth $2,719,955 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent research reports. Daiwa Securities Group raised their price objective on shares of Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Loop Capital set a $380.00 target price on shares of Apple in a research report on Friday, September 18th. Citigroup reissued a "buy" rating on shares of Apple in a research note on Thursday, September 10th. Robert W. Baird raised their price target on Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Apple in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Apple Stock Performance

AAPL stock opened at $337.02 on Thursday. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a market cap of $4.92 trillion, a PE ratio of 38.65, a P/E/G ratio of 2.95 and a beta of 1.08. The business's 50-day moving average price is $321.36 and its two-hundred day moving average price is $296.51.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly 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 return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

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

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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