iA Global Asset Management Inc. Has $380.93 Million Position in Apple Inc. $AAPL

Key Points

• iA Global Asset Management increased its Apple stake by 1.6% in the second quarter, adding 20,406 shares to own 1.32 million shares valued at approximately $380.9 million. Apple represents 4.5% of the firm’s portfolio and is its third-largest holding.
• Apple’s institutional ownership stands at 67.73%, while analyst sentiment remains a “Moderate Buy” with an average price target of $330.61, despite ratings ranging from Barclays’ Underweight to several higher targets.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding estimates and reflecting 16.4% year-over-year revenue growth. Investor attention is focused on the upcoming product event and potential foldable iPhone, though analysts cite valuation, litigation, memory costs and execution risks.

iA Global Asset Management Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,316,462 shares of the iPhone maker's stock after acquiring an additional 20,406 shares during the period. Apple comprises about 4.5% of iA Global Asset Management Inc.'s portfolio, making the stock its 3rd largest position. iA Global Asset Management Inc.'s holdings in Apple were worth $380,931,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. acquired a new stake in Apple in the 4th quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC boosted its position in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares during the last quarter. LSV Asset Management bought a new position in shares of Apple during the 4th quarter worth approximately $65,000. Timmons Wealth Management LLC bought a new stake in shares of Apple in the fourth quarter worth $69,000. Finally, Inspire Investing LLC acquired a new position in Apple during the fourth quarter worth $76,000. 67.73% of the stock is owned by institutional investors and hedge funds.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investor optimism is building ahead of Apple’s September 9 product event, the first major launch under new CEO John Ternus. Ternus described the event as “phenomenal,” raising expectations for new premium iPhones and the company’s first foldable iPhone. Apple’s New CEO Teases “Phenomenal” iPhone Launch
• Positive Sentiment: The foldable iPhone could provide a significant new growth catalyst. Morgan Stanley estimates the device could contribute approximately $14 billion to the December quarter, while other projections suggest strong market share and premium pricing potential if demand materializes. Apple’s Foldable iPhone May Contribute $14 Billion
• Positive Sentiment: Morgan Stanley reaffirmed its Overweight rating and set a $360 price target, supporting the view that Apple’s product pipeline and earnings growth can justify its premium valuation. Apple’s services business also continues to benefit from price increases to Apple TV and Apple One. Apple TV Price Hike
• Neutral Sentiment: John Ternus has formally succeeded Tim Cook, while Cook remains executive chairman. The structure provides continuity and preserves Cook’s government and China relationships, but Ternus must prove that a product-focused strategy can improve Apple’s position in AI. Apple Leadership Transition
• Negative Sentiment: Jefferies downgraded Apple to Underperform, reportedly citing the cancellation of an all-glass MacBook or foldable MacBook project and skepticism that the foldable iPhone will be more than a niche product. Jefferies Downgrades Apple
• Negative Sentiment: Apple faces a £2 billion ($2.7 billion) UK lawsuit alleging that its App Tracking Transparency rules unfairly restrict third-party developers while favoring Apple’s own advertising services. BASF has also filed a separate patent lawsuit over face-authentication technology. BASF Patent Lawsuit
• Negative Sentiment: Rising memory-chip costs could lift iPhone production expenses sharply, forcing Apple to raise prices, accept lower margins or risk weaker demand. Analysts remain divided, with DA Davidson maintaining a Neutral rating and a $270 price target. Apple Product and Leadership Outlook
• Negative Sentiment: An Apple senior vice president sold 1,439 shares worth about $456,000. The sale was relatively small, leaving the executive with nearly 35,800 shares, but it may add modestly to near-term investor caution. Apple Insider Trading Filing

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays reiterated an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a report on Friday, July 31st. Robert W. Baird lifted their price objective on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Citigroup reaffirmed a "buy" rating and issued a $365.00 target price (up from $315.00) on shares of Apple in a report on Monday, July 13th. DA Davidson reissued a "neutral" rating and set a $270.00 price target on shares of Apple in a research report on Wednesday. Finally, The Goldman Sachs Group started coverage on Apple in a research note on Monday, August 17th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $330.61.

Insider Activity

In other news, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction of $456,177.39. Following the sale, the senior vice president directly owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 5,872 shares of company stock worth $1,823,201. Insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $328.21 on Friday. The business has a fifty day moving average price of $314.94 and a two-hundred day moving average price of $290.13. The stock has a market capitalization of $4.79 trillion, a PE ratio of 37.64, a P/E/G ratio of 2.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a fifty-two week low of $225.95 and a fifty-two week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 EPS. As a group, equities analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

About Apple

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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