Ieq Capital LLC Makes New $669.46 Million Investment in Apple Inc. $AAPL

Ieq Capital LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,313,582 shares of the iPhone maker's stock, valued at approximately $669,458,000. Apple accounts for 3.1% of Ieq Capital LLC's portfolio, making the stock its 5th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. 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 during the period. Amundi boosted its position in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Apple by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker's stock worth $14,992,196,000 after purchasing an additional 704,293 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Apple by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock worth $14,858,200,000 after purchasing an additional 979,832 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Apple in the second quarter worth approximately $13,658,359,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 1,438 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total transaction of $474,813.22. Following the transaction, the senior vice president owned 32,914 shares in the company, valued at $10,867,873.66. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 8,632 shares of company stock worth $2,719,955. Insiders own 0.06% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone momentum: Investor enthusiasm remains high following Apple’s introduction of the approximately $1,999 iPhone Duo, which represents the company’s biggest iPhone design change in years. Early interest and strong iPhone 18 Pro preorder lead times have reinforced expectations for an upgrade cycle and potentially higher revenue. Apple Folds & Meta Muses
• Positive Sentiment: AI-focused Macs: New Mac mini and Mac Studio systems are being marketed as a lower-cost alternative to cloud data-center computing because businesses can run AI models locally without recurring per-token charges. The strategy could support Mac demand and broaden Apple’s role in enterprise AI, even as Nvidia remains dominant in large-scale infrastructure. With new Macs, Apple aims to take on Microsoft, Nvidia in a rush to lower AI costs
• Positive Sentiment: Wearables expansion: Apple is reportedly developing a screenless fitness tracker to compete with Whoop and Oura. A lower-priced, health-focused wearable could expand Apple’s addressable market and generate additional services revenue, although the product may not launch until as early as 2028. Apple Considers Screenless Fitness Tracker to Expand Wearable Lineup Beyond Smartwatches
• Positive Sentiment: Services and international growth: Apple plans to launch Apple Pay in India next month, initially with Axis Bank, while hiring in digital assets could support future payments and tokenization initiatives. These efforts add to the company’s recurring-revenue ecosystem.
• Neutral Sentiment: Valuation and technical backdrop: Apple’s record run and roughly 39-times earnings multiple are attracting profit-taking concerns, but analysts continue to cite earnings beats, strong cash generation, and improving product momentum. The stock is trading near its 52-week high and close to technical breakout levels.
• Negative Sentiment: Legal and geopolitical risks: Apple is opening claims under a $250 million settlement related to alleged misleading Apple Intelligence advertising. Separately, pressure on the new CEO to reconsider Chinese chip sourcing highlights supply-chain and U.S.-China trade risks.

Apple Trading Up 0.2%

AAPL opened at $339.75 on Wednesday. Apple Inc. has a one year low of $243.42 and a one year high of $345.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business has a 50 day simple moving average of $321.17 and a two-hundred day simple moving average of $295.97. The firm has a market capitalization of $4.96 trillion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.94 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $109.04 billion. During the same period last year, the company earned $1.57 EPS. The business's quarterly revenue was up 16.4% compared to the same quarter last year. Analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research reports. KeyCorp reissued an "underweight" rating on shares of Apple in a research note on Friday, September 4th. BTIG Research initiated coverage on Apple in a research report on Monday, August 17th. They set a "neutral" rating on the stock. Phillip Securities boosted their target price on Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a research report on Monday, September 14th. Argus upped their target price on Apple from $325.00 to $375.00 in a research note on Monday, June 8th. Finally, Robert W. Baird lifted their price target on shares of Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

About Apple

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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