Forum Private Client Group LLC Takes Position in Apple Inc. $AAPL

Forum Private Client Group LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,322 shares of the iPhone maker's stock, valued at approximately $961,000. Apple makes up approximately 0.3% of Forum Private Client Group LLC's holdings, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC lifted its holdings in shares of Apple by 3.8% in the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after purchasing an additional 2,725,121 shares in the last quarter. Amundi raised its holdings in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after buying an additional 13,780,080 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Apple by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock worth $14,858,200,000 after buying an additional 979,832 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Apple by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker's stock valued at $14,992,196,000 after buying an additional 704,293 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Apple during the second quarter valued at about $13,658,359,000. Institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Apple in a report on Monday, August 17th. They issued a "buy" rating on the stock. Arete Research boosted their price objective on Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. Oppenheimer reissued a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. Evercore set a $380.00 target price on Apple and gave the company an "outperform" rating in a research report on Friday. Finally, Rosenblatt Securities restated a "neutral" rating and set a $303.00 price objective on shares of Apple in a research note on Thursday, September 10th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the sale, the senior vice president directly owned 35,790 shares of the company's stock, valued at $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 8,632 shares of company stock worth $2,719,955 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 0.2%

Shares of Apple stock opened at $339.75 on Wednesday. The firm has a market cap of $4.96 trillion, a PE ratio of 38.96, a P/E/G ratio of 2.94 and a beta of 1.08. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. 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 stock has a fifty day moving average price of $321.17 and a 200-day moving average price of $295.97.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio is presently 12.39%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone momentum: Investor enthusiasm remains high following Apple’s introduction of the approximately $1,999 iPhone Duo, which represents the company’s biggest iPhone design change in years. Early interest and strong iPhone 18 Pro preorder lead times have reinforced expectations for an upgrade cycle and potentially higher revenue. Apple Folds & Meta Muses
• Positive Sentiment: AI-focused Macs: New Mac mini and Mac Studio systems are being marketed as a lower-cost alternative to cloud data-center computing because businesses can run AI models locally without recurring per-token charges. The strategy could support Mac demand and broaden Apple’s role in enterprise AI, even as Nvidia remains dominant in large-scale infrastructure. With new Macs, Apple aims to take on Microsoft, Nvidia in a rush to lower AI costs
• Positive Sentiment: Wearables expansion: Apple is reportedly developing a screenless fitness tracker to compete with Whoop and Oura. A lower-priced, health-focused wearable could expand Apple’s addressable market and generate additional services revenue, although the product may not launch until as early as 2028. Apple Considers Screenless Fitness Tracker to Expand Wearable Lineup Beyond Smartwatches
• Positive Sentiment: Services and international growth: Apple plans to launch Apple Pay in India next month, initially with Axis Bank, while hiring in digital assets could support future payments and tokenization initiatives. These efforts add to the company’s recurring-revenue ecosystem.
• Neutral Sentiment: Valuation and technical backdrop: Apple’s record run and roughly 39-times earnings multiple are attracting profit-taking concerns, but analysts continue to cite earnings beats, strong cash generation, and improving product momentum. The stock is trading near its 52-week high and close to technical breakout levels.
• Negative Sentiment: Legal and geopolitical risks: Apple is opening claims under a $250 million settlement related to alleged misleading Apple Intelligence advertising. Separately, pressure on the new CEO to reconsider Chinese chip sourcing highlights supply-chain and U.S.-China trade risks.

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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