Greenspring Advisors LLC Purchases Shares of 66,729 Apple Inc. $AAPL

Key Points

• Greenspring Advisors LLC initiated a 66,729-share Apple position worth approximately $19.3 million, making Apple about 1.1% of its portfolio and its seventh-largest holding. Institutional investors collectively own 67.73% of Apple’s shares.
• Analyst sentiment remains positive overall, with Apple carrying a consensus “Moderate Buy” rating and an average price target of $340.14, despite several firms downgrading the stock to “Hold.”
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, beating estimates and delivering 16.4% year-over-year revenue growth. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 0.3% yield.

Greenspring Advisors LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 66,729 shares of the iPhone maker's stock, valued at approximately $19,309,000. Apple comprises about 1.1% of Greenspring Advisors LLC's investment portfolio, making the stock its 7th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Apple by 16.0% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 2,459,559 shares of the iPhone maker's stock valued at $711,697,000 after purchasing an additional 340,158 shares in the last quarter. TRU Independence Asset Management 2 LLC bought a new position in shares of Apple in the 2nd quarter worth approximately $2,600,000. NFJ Investment Group LLC bought a new position in shares of Apple in the 2nd quarter worth approximately $91,312,000. AlpenGlobal Capital LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $927,000. Finally, Virtus Advisers LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $3,410,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AAPL shares. China Renaissance downgraded Apple from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $329.00 to $280.00 in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft cut shares of Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. TD Cowen reaffirmed a "buy" rating and issued a $400.00 target price on shares of Apple in a research report on Thursday, September 10th. Moffett Nathanson reiterated a "neutral" rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. Finally, DZ Bank cut shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price target for the company. in a research report on Tuesday, August 4th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Apple Stock Performance

AAPL stock opened at $338.98 on Tuesday. The stock has a market capitalization of $4.95 trillion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock's 50 day simple moving average is $320.67 and its 200 day simple moving average is $295.43.

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

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid 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 dividend payout ratio is currently 12.39%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone 18 Pro demand: JPMorgan said average delivery times increased to 23 days in the second preorder week from seven days in the first, suggesting demand may be stronger than expected. Analyst Gene Munster said current iPhone 18 estimates could be too conservative, while Evercore ISI raised its price target to $380. JPMorgan sees stronger iPhone 18 Pro demand
• Positive Sentiment: Foldable iPhone creates a potential premium-growth opportunity: Apple’s new iPhone Duo, priced at $1,999 and scheduled for an October 23 release, represents the company’s largest iPhone design change in years. Investors view the product as a possible catalyst for higher average selling prices and a new upgrade cycle under CEO John Ternus. Apple’s new CEO bets big on a foldable iPhone
• Positive Sentiment: AI and capital returns support the bullish case: Coverage highlighted the successful rollout of upgraded Siri AI, Apple’s reported interest in building AI inference servers, and its shrinking share count from buybacks. Apple’s large cash position, history of earnings beats and long-term shareholder returns are also reinforcing investor confidence. Apple’s shrinking share count
• Neutral Sentiment: Broader strategic opportunities: Apple and Google are hiring digital-asset specialists, potentially signaling future initiatives involving payments, stablecoins or tokenization. The company could also benefit if U.S.-China trade discussions reduce tariff pressure on technology companies. Google and Apple digital-asset hiring
• Negative Sentiment: Valuation and execution risks are rising: Commentators described AAPL as relatively expensive near its highs, while the $1,999 Duo could limit adoption and expose Apple to foldable-screen execution risks. Google’s AI-powered laptops and Meta’s Muse app also highlight intensifying competition in AI and consumer technology.
• Negative Sentiment: Legal overhang: Apple has begun a 90-day claims period tied to a $250 million settlement over allegations that it falsely advertised Apple Intelligence and Siri capabilities. The financial cost is manageable for Apple, but the dispute could weigh on trust in its AI strategy. $250 million Apple AI settlement claims period

Insider Activity

In other 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 transaction of $474,813.22. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 8,632 shares of company stock worth $2,719,955. Company insiders own 0.06% of the company's stock.

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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