Kennedy Investment Group Inc. Has $20.08 Million Stock Position in Apple Inc. $AAPL

Key Points

• Kennedy Investment Group reduced its Apple stake by 3% in the second quarter, selling 2,153 shares and retaining 69,387 shares valued at approximately $20.08 million. Apple represents 6.8% of the firm's portfolio and is its third-largest holding.
• Apple reported quarterly earnings of $2.02 per share, beating expectations, while revenue rose 16.4% year over year to $109.42 billion. The company also paid a quarterly dividend of $0.27 per share, equivalent to a 0.3% annual yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $331.53 price target, but investors face risks from high valuation, potential memory-cost pressures, and strong foldable-phone competition ahead of Apple’s expected product launches.

Kennedy Investment Group Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,387 shares of the iPhone maker's stock after selling 2,153 shares during the quarter. Apple makes up 6.8% of Kennedy Investment Group Inc.'s holdings, making the stock its 3rd largest holding. Kennedy Investment Group Inc.'s holdings in Apple were worth $20,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Lifetime Wealth Management P.C. purchased a new stake in Apple during the fourth quarter valued at about $41,000. ROSS JOHNSON & Associates LLC increased its position in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Timmons Wealth Management LLC acquired a new stake in shares of Apple during the fourth quarter valued at approximately $69,000. LSV Asset Management purchased a new stake in shares of Apple in the 4th quarter valued at approximately $65,000. Finally, Inspire Investing LLC purchased a new stake in shares of Apple in the 4th quarter valued at approximately $76,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Down 1.2%

AAPL stock opened at $316.22 on Wednesday. Apple Inc. has a 12-month low of $225.95 and a 12-month high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.61 trillion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.77 and a beta of 1.08. The company has a 50 day moving average of $316.95 and a two-hundred day moving average of $291.35.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating 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 business 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. Apple's revenue was up 16.4% on a year-over-year basis. On average, equities analysts anticipate 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. Investors of record on Monday, August 10th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's dividend payout ratio (DPR) is presently 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is expected to introduce its first foldable iPhone, alongside the iPhone 18 Pro and Pro Max. Morgan Stanley estimates the foldable could ship about 6.5 million units in the December quarter and generate approximately $14 billion in revenue, creating a potentially significant new growth category. Apple’s foldable iPhone could add $14 billion
• Positive Sentiment: Bank of America maintained a Buy rating and a $380 price target, anticipating a roughly $2,099 foldable model and higher prices for the iPhone 18 Pro lineup. Premium pricing could support revenue and margins if demand holds. Apple’s Wednesday event and Bank of America’s price target
• Positive Sentiment: Apple’s acquisition of Sonera Magnetics, a company developing non-invasive neural-signal sensors, could strengthen its long-term health, wearable and human-computer-interface ambitions. The deal was completed in May but became public through a European Commission notice. Apple Purchases Neural Signal Sensor Company Sonera
• Neutral Sentiment: The launch is also the first major keynote for new CEO John Ternus. Investors will look for evidence that his leadership can accelerate hardware innovation while addressing Apple’s perceived artificial-intelligence shortcomings. Apple’s New CEO Has a Hardware Event and an AI Problem
• Neutral Sentiment: Historical analysis suggests Apple stock often has a muted or mixed reaction after major iPhone reveals, increasing the risk that strong results are already reflected in the valuation. Berkshire Hathaway’s continued large Apple position provides a supportive long-term signal but is not a near-term catalyst. How Apple stock usually reacts to big iPhone reveal events
• Negative Sentiment: AI data-center demand is diverting premium memory capacity away from smartphone components, potentially raising Apple’s costs and pressuring iPhone margins. AI diverts memory from phones
• Negative Sentiment: Huawei and Xiaomi have launched premium foldables ahead of Apple, raising competitive pressure—particularly in China. Analysts also warn that the stock could experience a “sell-the-news” reaction because expectations and valuation are high. Huawei launches a tri-fold smartphone ahead of Apple

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AAPL shares. TD Cowen lifted their price objective on shares of Apple from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Citigroup restated 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. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Morgan Stanley reiterated an "overweight" rating and set a $360.00 price target on shares of Apple in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $331.53.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the sale, the senior vice president directly owned 35,790 shares of the company's stock, valued at $11,345,787.90. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 5,872 shares of company stock worth $1,823,201 in the last 90 days. Corporate insiders own 0.06% of the company's stock.

Apple 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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