Financial Alternatives Inc Invests $3.40 Million in Apple Inc. $AAPL

Key Points

• Financial Alternatives Inc. purchased 11,739 Apple shares worth approximately $3.4 million in the second quarter, making Apple its ninth-largest holding and representing about 1.7% of its portfolio.
• Institutional investors own approximately 67.73% of Apple, while several funds recently initiated or increased positions in the stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $340.14. Apple also recently exceeded quarterly earnings and revenue estimates, reporting $2.02 EPS and $109.42 billion in revenue.

Financial Alternatives Inc bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,739 shares of the iPhone maker's stock, valued at approximately $3,397,000. Apple makes up about 1.7% of Financial Alternatives Inc's holdings, making the stock its 9th largest holding.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on AAPL shares. Oppenheimer reiterated a "market perform" rating on shares of Apple in a report on Thursday, September 10th. Maxim Group increased their price objective on Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Robert W. Baird lifted their target price on Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Phillip Securities upped their target price on Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a report on Monday, September 14th. Finally, Moffett Nathanson reiterated a "neutral" rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a research report on Tuesday, September 8th. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total value of $474,813.22. Following the completion of the sale, the senior vice president directly owned 32,914 shares of the company's stock, valued at $10,867,873.66. The trade was a 4.19% decrease in their ownership of the stock. The transaction 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 8,632 shares of company stock valued at $2,719,955 in the last ninety days. 0.06% of the stock is owned by insiders.

Trending Headlines about Apple

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

Apple Stock Performance

Shares of AAPL stock opened at $336.13 on Monday. Apple Inc. has a fifty-two week low of $240.21 and a fifty-two week high of $344.57. The stock's 50-day moving average is $320.24 and its two-hundred day moving average is $294.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market cap of $4.91 trillion, a P/E ratio of 38.55, a PEG ratio of 2.92 and a beta of 1.08.

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, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm's revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 EPS. Analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors 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 (DPR) is presently 12.39%.

Apple Company Profile

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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