First Nebraska Trust Co Purchases New Holdings in Apple Inc. $AAPL

Key Points

• First Nebraska Trust Co. acquired 279,302 Apple shares worth approximately $80.8 million in the second quarter, making Apple its second-largest holding at 6.5% of the portfolio. Institutional investors collectively own 67.73% of Apple.
• Analyst sentiment remains positive, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $340.14. Ratings range from Strong Buy to Sell, including a $400 target from TD Cowen and a $245 target from Barclays.
• Apple recently reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations, while revenue rose 16.4% year over year. Shares opened at $337.02, and the company maintains a quarterly dividend of $0.27 per share.

First Nebraska Trust Co acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 279,302 shares of the iPhone maker's stock, valued at approximately $80,819,000. Apple comprises about 6.5% of First Nebraska Trust Co's holdings, making the stock its 2nd largest holding.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on AAPL. UBS Group restated a "buy" rating on shares of Apple in a report on Thursday, September 17th. TD Cowen reiterated a "buy" rating and set a $400.00 price objective on shares of Apple in a research report on Thursday, September 10th. Oppenheimer reissued a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. Barclays restated an "underweight" rating and issued a $245.00 target price (down from $253.00) on shares of Apple in a report on Friday, July 31st. Finally, Citic Securities raised their target price on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Apple Stock Down 0.8%

Shares of NASDAQ AAPL opened at $337.02 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a market cap of $4.92 trillion, a price-to-earnings ratio of 38.65, a PEG ratio of 2.95 and a beta of 1.08. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34. The business's 50 day moving average is $321.36 and its two-hundred day moving average is $296.51.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. Research analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid 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%.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the stock in a transaction that occurred 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 represents a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 8,632 shares of company stock worth $2,719,955. 0.06% of the stock is owned by corporate insiders.

Trending Headlines about Apple

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

Apple 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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