Kendall Capital Management Buys Shares of 25,526 Apple Inc. $AAPL

Key Points

• Kendall Capital Management purchased 25,526 Apple shares worth approximately $7.4 million, making Apple 1.2% of its portfolio and its 16th-largest holding.
• Institutional investors own 67.73% of Apple, with several major firms—including Amundi, Nuveen, Dimensional Fund Advisors, and Fisher Asset Management—recently increasing their positions.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations, while analysts maintain a “Moderate Buy” consensus with a $340.14 average price target.

Kendall Capital Management purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,526 shares of the iPhone maker's stock, valued at approximately $7,386,000. Apple makes up about 1.2% of Kendall Capital Management's investment portfolio, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC raised 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 worth $20,389,750,000 after buying an additional 2,725,121 shares during the last quarter. Amundi grew its holdings in Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after buying an additional 13,780,080 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Apple by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock valued at $14,858,200,000 after purchasing an additional 979,832 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Apple by 1.3% in the fourth 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 in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Apple during the 2nd quarter valued at $13,658,359,000. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $337.02 on Thursday. The company's fifty day moving average price is $321.36 and its 200-day moving average price is $296.51. 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 firm has a market capitalization of $4.92 trillion, a price-to-earnings ratio of 38.65, a PEG ratio of 2.95 and a beta of 1.08. Apple Inc. has a one year low of $243.42 and a one year high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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 business had revenue of $109.42 billion during 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 revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 earnings per share. On average, equities research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid 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 payout ratio is presently 12.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. TD Cowen reaffirmed a "buy" rating and issued a $400.00 price target on shares of Apple in a report on Thursday, September 10th. Royal Bank Of Canada set a $365.00 price target on Apple in a research note on Wednesday, July 15th. Needham & Company LLC reissued a "hold" rating on shares of Apple in a report on Tuesday, September 8th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of Apple in a research report on Sunday, September 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total transaction of $474,813.22. Following the completion of the sale, the senior vice president owned 32,914 shares of the company's stock, valued at $10,867,873.66. This represents a 4.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 8,632 shares of company stock worth $2,719,955. Corporate insiders own 0.06% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reaffirmed its Buy rating and assigned a $370 price target, implying further upside. The firm highlighted improving iPhone 18 Pro Max availability trends, while premium demand remains relatively resilient. BofA Sends Stark Message to Apple Stock Investors on iPhone 18
• Positive Sentiment: Apple’s new M6 Mac mini and M5 Mac Studio are being marketed as lower-cost alternatives to cloud-based AI infrastructure, potentially expanding Apple’s enterprise opportunity. Their ability to run large AI models locally could create a new hardware growth driver. With new Macs, Apple aims to take on Microsoft and Nvidia
• Positive Sentiment: Reports that Apple is developing a screenless fitness tracker to compete with Whoop and Oura point to potential long-term expansion in health and wearables, although a launch may not occur until 2028. Apple could take on Whoop with a new fitness tracker

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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