Henson Edgewater Management LLC Buys 81,809 Shares of Apple Inc. $AAPL

Key Points

• Henson Edgewater Management bought 81,809 Apple shares worth approximately $24.7 million, making Apple its largest portfolio holding at 13.9%.
• Institutional investors own 67.73% of Apple, while the stock recently traded at $329.40, down 2.7%. Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, both above analyst expectations.
• Analysts maintain a generally positive outlook, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $340.14; the company also pays a quarterly dividend of $0.27 per share.

Henson Edgewater Management LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 81,809 shares of the iPhone maker's stock, valued at approximately $24,727,000. Apple comprises about 13.9% of Henson Edgewater Management LLC's portfolio, making the stock its largest holding.

Several other hedge funds have also bought and sold shares of the stock. Berkshire Hathaway Inc purchased a new stake in shares of Apple in the second quarter worth about $65,950,297,000. Bank of America Corp DE purchased a new position in Apple during the 2nd quarter valued at approximately $36,986,090,000. Legal & General Group Plc bought a new stake in Apple in the 2nd quarter worth approximately $30,443,242,000. Deutsche Bank AG bought a new stake in Apple in the 2nd quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Apple during the 2nd quarter worth approximately $10,588,946,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Down 2.7%

Shares of AAPL opened at $329.40 on Wednesday. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34. The company has a market cap of $4.81 trillion, a P/E ratio of 37.78, a P/E/G ratio of 2.94 and a beta of 1.08. 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 company's fifty day simple moving average is $321.83 and its 200-day simple moving average is $298.67.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion during 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 firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 EPS. As a group, analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO John Ternus is reportedly considering a leaner, engineering-led structure that could eliminate layers of middle management, accelerate product launches and make Apple more experimental. Investors may view the changes as a response to concerns about slower innovation, particularly in artificial intelligence. Apple CEO overhaul report
• Positive Sentiment: Apple Pay is reportedly launching in a key market, potentially expanding transaction volume and services revenue. Separately, Apple remains a major customer for TSMC’s advanced 2-nanometer chips, supporting future device performance and product differentiation. Apple Pay launch report
• Neutral Sentiment: Apple’s large buyback program remains a relative strength among the Magnificent Seven, although the immediate effect is financial support rather than a new growth catalyst. Apple and Nvidia buybacks
• Negative Sentiment: Bank of America warned that Meta’s Muse could change how consumers search, shop and initiate payments. Even if users continue buying iPhones, AI agents could divert discovery and referral activity away from Apple’s ecosystem, putting pressure on services growth and Apple’s AI strategy. Apple faces threat from Meta Muse
• Negative Sentiment: Reports that Ternus may plan layoffs as memory-chip costs rise raise concerns about gross-margin pressure and slower near-term earnings growth. Apple has already indicated that higher memory expenses could reduce profit per device.
• Negative Sentiment: Apple also faces legal and operational overhangs, including a $5.7 billion patent verdict, a revived UK consumer lawsuit involving Amazon marketplace sales, and an emergency iOS security update addressing a flaw that could enable arbitrary code execution. Apple patent verdict

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the sale, the senior vice president directly owned 44,391 shares in the company, valued at approximately $15,095,603.46. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 11,031 shares of company stock worth $3,535,759 over the last quarter. Corporate insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AAPL. Arete Research raised their target price on shares of Apple from $305.00 to $335.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price target on the stock. in a research note on Tuesday, August 4th. Seaport Research Partners lowered shares of Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. HSBC reissued a "buy" rating and issued a $366.00 price objective on shares of Apple in a research note on Tuesday, September 8th. Finally, Phillip Securities boosted their target price on shares of Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have issued 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.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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.