Edmond DE Rothschild Holding S.A. Buys Shares of 296,604 Apple Inc. $AAPL

Key Points

• Edmond DE Rothschild Holding S.A. purchased 296,604 Apple shares worth approximately $85.8 million in the second quarter, making Apple about 1.1% of its portfolio. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share, exceeding the $1.89 analyst estimate, while revenue rose 16.4% year over year to $109.42 billion.
• Analysts maintain a generally positive outlook, with Apple carrying a “Moderate Buy” consensus rating and an average price target of $340.14; the company also pays a quarterly dividend of $0.27 per share.

Edmond DE Rothschild Holding S.A. purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 296,604 shares of the iPhone maker's stock, valued at approximately $85,825,000. Apple makes up about 1.1% of Edmond DE Rothschild Holding S.A.'s holdings, making the stock its 21st biggest position.

A number of other institutional investors also recently made changes to their positions in AAPL. Longfellow Investment Management Co. LLC acquired a new stake in Apple in the second quarter worth approximately $30,000. Lifetime Wealth Management P.C. bought a new position in Apple during the 4th quarter valued at $41,000. Ascentis Wealth Management LLC raised its stake in shares of Apple by 822.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after buying an additional 260,792 shares in the last quarter. Basso Capital Management L.P. acquired a new stake in shares of Apple in the fourth quarter valued at $88,000. Finally, Bard Associates Inc. acquired a new stake in shares of Apple in the fourth quarter valued at $109,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 0.3%

Shares of NASDAQ:AAPL opened at $336.13 on Friday. 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 company has a market cap of $4.91 trillion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. Apple Inc. has a 52 week low of $240.21 and a 52 week high of $344.57. The firm has a 50 day simple moving average of $320.24 and a 200 day simple moving average of $294.69.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping 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 firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. The company's revenue was up 16.4% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on AAPL shares. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. Bank of America reissued a "buy" rating and set a $370.00 target price on shares of Apple in a research note on Thursday. Argus raised their target price on shares of Apple from $325.00 to $375.00 in a report on Monday, June 8th. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Finally, Citic Securities raised their price objective on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Insider Buying and Selling at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction 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. The trade was a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 8,632 shares of company stock worth $2,719,955 in the last quarter. 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.

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.