Duncker Streett & Co. Inc. raised its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,776 shares of the iPhone maker's stock after buying an additional 5,168 shares during the quarter. Apple accounts for 4.2% of Duncker Streett & Co. Inc.'s portfolio, making the stock its 4th largest position. Duncker Streett & Co. Inc.'s holdings in Apple were worth $24,820,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Sugar Maple Asset Management LLC increased its position in shares of Apple by 3.2% in the second quarter. Sugar Maple Asset Management LLC now owns 2,093 shares of the iPhone maker's stock worth $606,000 after acquiring an additional 64 shares in the last quarter. Woodward Diversified Capital LLC lifted its position in shares of Apple by 7.1% in the 2nd quarter. Woodward Diversified Capital LLC now owns 48,916 shares of the iPhone maker's stock valued at $14,154,000 after acquiring an additional 3,245 shares in the last quarter. Defined Wealth Management LLC lifted its position in shares of Apple by 1.6% in the 2nd quarter. Defined Wealth Management LLC now owns 11,897 shares of the iPhone maker's stock valued at $3,443,000 after acquiring an additional 188 shares in the last quarter. Kane Co Wealth Management Inc. acquired a new position in Apple in the 2nd quarter worth approximately $203,000. Finally, North Star Investment Management Corp. boosted its stake in Apple by 1.9% in the 2nd quarter. North Star Investment Management Corp. now owns 239,122 shares of the iPhone maker's stock worth $69,192,000 after purchasing an additional 4,365 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have issued reports on AAPL shares. Wedbush reissued an "outperform" rating and set a $400.00 target price on shares of Apple in a research note on Friday, June 5th. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 target price on shares of Apple in a research report on Wednesday. Evercore reiterated an "outperform" rating on shares of Apple in a report on Tuesday, August 25th. Jefferies Financial Group lowered Apple from a "buy" rating to an "underperform" rating and dropped their price target for the company from $285.56 to $263.66 in a research report on Monday, August 10th. Finally, Citigroup reissued a "buy" rating and issued a $365.00 price objective (up from $315.00) on shares of Apple in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $330.61.
Check Out Our Latest Research Report on Apple
Apple Price Performance
Shares of AAPL opened at $324.96 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market cap of $4.74 trillion, a PE ratio of 37.27, a PEG ratio of 2.81 and a beta of 1.09. Apple Inc. has a twelve month low of $225.95 and a twelve month high of $344.57. The firm's 50 day moving average price is $313.87 and its 200 day moving average price is $289.62.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results 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. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the firm earned $1.57 EPS. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.
Apple Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.
Key Apple News
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
In other news, insider Ben Borders sold 116 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 dated Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total value of $447,457.05. Following the transaction, the senior vice president directly owned 37,229 shares in the company, valued at approximately $11,576,357.55. This represents a 3.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,433 shares of company stock worth $1,367,024. Corporate insiders own 0.06% of the company's stock.
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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