Comprehensive Money Management Services LLC Acquires New Holdings in Apple Inc. $AAPL

Key Points

• Comprehensive Money Management Services LLC acquired 3,961 Apple shares worth approximately $1.15 million in the second quarter. Institutional investors and hedge funds collectively own 67.73% of Apple’s stock.
• Apple insiders sold 11,031 shares worth about $3.54 million over the past quarter, including SVP Jennifer Newstead’s sale of 2,399 shares for approximately $815,804.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst estimates, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $340.14.

Comprehensive Money Management Services LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,961 shares of the iPhone maker's stock, valued at approximately $1,146,000.

A number of other large investors have also recently bought and sold shares of the stock. Maxele Advisors LLC purchased a new stake in shares of Apple in the second quarter valued at $3,320,000. Valueworks LLC acquired a new stake in shares of Apple in the second quarter worth approximately $4,005,000. SwitchPoint Financial Planning LLC purchased a new stake in Apple in the second quarter valued at approximately $1,550,000. Empowered Funds LLC purchased a new stake in Apple in the second quarter valued at approximately $465,260,000. Finally, Papamarkou Wellner Asset Management inc. acquired a new position in Apple during the second quarter worth approximately $18,817,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the completion of the transaction, the senior vice president directly owned 44,391 shares in the company, valued at approximately $15,095,603.46. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 11,031 shares of company stock worth $3,535,759 over the last quarter. Company insiders own 0.06% of the company's stock.

Apple Stock Down 2.7%

AAPL stock opened at $329.40 on Wednesday. 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 50 day simple moving average of $321.83 and a 200-day simple moving average of $298.67. The company has a market capitalization of $4.81 trillion, a P/E ratio of 37.78, a PEG ratio of 2.94 and a beta of 1.08. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34.

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

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid 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 was Monday, August 10th. Apple's dividend payout ratio is 12.39%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AAPL. Seaport Research Partners lowered shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Evercore set a $380.00 target price on shares of Apple and gave the stock an "outperform" rating in a research report on Friday, September 18th. Rothschild & Co Redburn set a $400.00 price target on shares of Apple and gave the company a "buy" rating in a report on Monday, August 17th. China Renaissance cut shares of Apple from a "buy" rating to a "hold" rating and reduced their price target for the company from $329.00 to $280.00 in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group started coverage on shares of Apple in a research note on Monday, August 17th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $340.14.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO John Ternus is reportedly considering a leaner, engineering-led structure that could eliminate layers of middle management, accelerate product launches and make Apple more experimental. Investors may view the changes as a response to concerns about slower innovation, particularly in artificial intelligence. Apple CEO overhaul report
• Positive Sentiment: Apple Pay is reportedly launching in a key market, potentially expanding transaction volume and services revenue. Separately, Apple remains a major customer for TSMC’s advanced 2-nanometer chips, supporting future device performance and product differentiation. Apple Pay launch report
• Neutral Sentiment: Apple’s large buyback program remains a relative strength among the Magnificent Seven, although the immediate effect is financial support rather than a new growth catalyst. Apple and Nvidia buybacks
• Negative Sentiment: Bank of America warned that Meta’s Muse could change how consumers search, shop and initiate payments. Even if users continue buying iPhones, AI agents could divert discovery and referral activity away from Apple’s ecosystem, putting pressure on services growth and Apple’s AI strategy. Apple faces threat from Meta Muse
• Negative Sentiment: Reports that Ternus may plan layoffs as memory-chip costs rise raise concerns about gross-margin pressure and slower near-term earnings growth. Apple has already indicated that higher memory expenses could reduce profit per device.
• Negative Sentiment: Apple also faces legal and operational overhangs, including a $5.7 billion patent verdict, a revived UK consumer lawsuit involving Amazon marketplace sales, and an emergency iOS security update addressing a flaw that could enable arbitrary code execution. Apple patent verdict

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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.