HFG Wealth Management LLC Buys New Position in Apple Inc. $AAPL

Key Points

• HFG Wealth Management purchased 6,590 Apple shares worth approximately $1.91 million, making Apple its 10th-largest holding and 1.9% of its portfolio. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also maintains a quarterly dividend of $0.27 per share, yielding 0.3% annually.
• Wall Street’s consensus rating remains “Moderate Buy,” with an average price target of $340.14, although analysts cite Apple’s high valuation and uncertainty around AI execution as key risks.

HFG Wealth Management LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 6,590 shares of the iPhone maker's stock, valued at approximately $1,907,000. Apple makes up approximately 1.9% of HFG Wealth Management LLC's investment portfolio, making the stock its 10th biggest position.

Several other hedge funds also recently modified their holdings of the company. Nuveen LLC boosted its stake in Apple by 3.8% during the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock valued at $20,389,750,000 after buying an additional 2,725,121 shares in the last quarter. Amundi raised its position in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Apple by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker's stock valued at $14,992,196,000 after acquiring an additional 704,293 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Apple by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock valued at $14,858,200,000 after acquiring an additional 979,832 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Apple during the 2nd quarter valued at about $13,658,359,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 0.3%

Shares of NASDAQ:AAPL opened at $335.92 on Friday. The firm has a 50 day simple moving average of $321.41 and a 200 day simple moving average of $297.07. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market cap of $4.90 trillion, a PE ratio of 38.52, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data 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 net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the company posted $1.57 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, research analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94. Following the transaction, the senior vice president directly owned 44,391 shares of the company's stock, valued at approximately $15,095,603.46. The trade was a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 11,031 shares of company stock worth $3,535,759 in the last quarter. Insiders own 0.06% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone 18 demand supports near-term revenue. Long customer lines in India and sustained interest in the iPhone 18 Pro and Pro Max suggest Apple’s premium pricing has not materially weakened demand in a key growth market. However, regional trends are mixed, with China remaining a concern. Inside India newsletter: Apple set to take a bigger bite of the world's second-largest smartphone market
• Positive Sentiment: New hardware and possible AI expansion provide growth catalysts. Apple’s iPhone Duo foldable, M6 Mac mini and M5 Ultra Mac Studio are being positioned as evidence that the company can still generate product excitement. Reports that Apple may develop its own AI server chips could also improve control over infrastructure costs and AI performance. Could John Ternus’ Product Strategy Reshape Apple’s Next Growth Phase?
• Positive Sentiment: Analyst support remains favorable. JPMorgan reaffirmed a “buy” rating, while Bank of America maintained its “buy” rating and set a $370 target, implying further upside from recent levels. Apple analyst ratings
• Neutral Sentiment: Apple renewed Qualcomm’s global patent license agreement. The deal, effective April 1, 2027, removes a potential licensing uncertainty but also highlights Apple’s continuing relationship with Qualcomm for modem-related technology. Qualcomm, Apple extend licensing agreement for chips
• Negative Sentiment: Valuation and AI execution are major investor concerns. Commentators argue that AAPL’s large gains and roughly $4.9 trillion market capitalization leave limited room for disappointment, particularly if Apple’s AI products fail to match Meta’s rapidly advancing AI agents and wearables. Apple stock could be 32% overpriced after fresh AI cost warnings
• Negative Sentiment: Near-term execution issues add pressure. Reports of an iPhone 18 Pro reboot problem requiring a software update, Fitness+ layoffs and an executive’s stock sale may reinforce concerns about product quality, cost control and insider confidence. Apple says software update to fix iPhone 18 Pro rebooting bug is coming next week

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAPL. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 price objective on shares of Apple in a research note on Wednesday, September 2nd. Raymond James Financial restated a "market perform" rating on shares of Apple in a report on Friday, July 31st. The Goldman Sachs Group initiated coverage on shares of Apple in a research report on Monday, August 17th. They issued a "buy" rating on the stock. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Apple in a report on Monday. Finally, Evercore set a $380.00 price objective on Apple and gave the company an "outperform" rating in a research report on Friday, September 18th. One 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $340.14.

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.

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