Great Lakes Advisors LLC Takes Position in Apple Inc. $AAPL

Great Lakes Advisors LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,569,106 shares of the iPhone maker's stock, valued at approximately $454,037,000. Apple accounts for about 3.5% of Great Lakes Advisors LLC's holdings, making the stock its 2nd biggest holding.

Other institutional investors also recently modified their holdings of the company. Balanced Wealth Group LLC bought a new stake in Apple during the 2nd quarter valued at about $18,620,000. Avaii Wealth Management LLC bought a new position in shares of Apple in the second quarter worth approximately $5,863,000. Compass Wealth Management LLC purchased a new stake in shares of Apple during the second quarter valued at approximately $3,174,000. Vista Cima Wealth Management LLC purchased a new stake in shares of Apple during the second quarter valued at approximately $5,821,000. Finally, Pacific Sun Financial Corp bought a new stake in shares of Apple during the second quarter valued at approximately $12,055,000. 67.73% of the stock is currently owned by institutional investors.

Key Stories Impacting 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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $303.00 price objective on shares of Apple in a research report on Thursday, September 10th. Evercore set a $380.00 target price on Apple and gave the stock an "outperform" rating in a report on Friday. Loop Capital set a $380.00 price target on Apple in a research note on Friday. DA Davidson reaffirmed a "neutral" rating and set a $270.00 price target on shares of Apple in a report on Wednesday, September 2nd. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Apple presently has an average 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 company's stock in a transaction dated Tuesday, September 15th. The stock was 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 owned 32,914 shares in the company, valued at $10,867,873.66. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 8,632 shares of company stock worth $2,719,955 over the last three months. Insiders own 0.06% of the company's stock.

Apple Stock Down 0.3%

Shares of AAPL stock opened at $336.13 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $240.21 and a 12 month high of $344.57. The stock has a market cap of $4.91 trillion, a P/E ratio of 38.55, a P/E/G ratio of 2.93 and a beta of 1.08. The company has a 50 day simple moving average of $320.24 and a two-hundred day simple moving average of $294.69.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 EPS. On average, research analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's payout ratio is 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.

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.