Hara Capital LLC Invests $1.26 Million in Apple Inc. $AAPL

Key Points

• Hara Capital initiated a position in Apple during the second quarter, purchasing 4,360 shares valued at approximately $1.26 million. Institutional investors collectively own 67.73% of Apple’s outstanding stock.
• Apple reported quarterly earnings of $2.02 per share, exceeding the $1.89 analyst consensus, while revenue rose 16.4% year over year to $109.42 billion.
• Analysts maintain a generally positive outlook, with Apple receiving a consensus “Moderate Buy” rating and an average price target of $340.14, despite one recent downgrade to “Hold.”

Hara Capital LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,360 shares of the iPhone maker's stock, valued at approximately $1,262,000.

Several other institutional investors also recently bought and sold shares of the stock. Fischer Financial Services Inc. bought a new stake in shares of Apple in the second quarter worth about $33,819,000. Ninepoint Partners LP purchased a new position in Apple during the second quarter worth $1,802,000. SGL Investment Advisors Inc. bought a new position in Apple during the 2nd quarter valued at about $11,731,000. Advisors Capital Management LLC bought a new stake in shares of Apple during the 2nd quarter worth approximately $304,485,000. Finally, Cannon Wealth Management Services LLC purchased a new stake in shares of Apple during the second quarter valued at $4,222,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of AAPL stock opened at $336.13 on Monday. 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 has a 50 day moving average of $320.24 and a 200 day moving average of $294.90. Apple Inc. has a twelve month low of $240.21 and a twelve 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 2.92 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, topping analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued 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%.

Insiders Place Their Bets

In related news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the sale, the senior vice president directly owned 35,790 shares in the company, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 8,632 shares of company stock valued at $2,719,955. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AAPL shares. Argus increased their price objective on Apple from $325.00 to $375.00 in a research note on Monday, June 8th. Royal Bank Of Canada set a $365.00 price target on Apple in a research report on Wednesday, July 15th. Morgan Stanley reiterated an "overweight" rating and issued a $360.00 target price on shares of Apple in a research note on Wednesday, September 2nd. CICC Research lifted their price objective on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.

Key Headlines 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

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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

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.