Kentucky Farm Bureau Mutual Insurance Co Invests $15.51 Million in Apple Inc. $AAPL

Key Points

• Kentucky Farm Bureau Mutual Insurance Co. bought 53,601 Apple shares worth approximately $15.51 million in the second quarter, making Apple its fourth-largest holding at 4.3% of the portfolio.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst estimates; revenue rose 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Apple stock opened at $336.13, near its 52-week high, while analysts maintained a generally positive outlook with a consensus “Moderate Buy” rating and a $340.14 target price. Institutional investors own 67.73% of the shares.

Kentucky Farm Bureau Mutual Insurance Co purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 53,601 shares of the iPhone maker's stock, valued at approximately $15,510,000. Apple makes up approximately 4.3% of Kentucky Farm Bureau Mutual Insurance Co's investment portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sterling Wealth Management Inc. grew its stake in shares of Apple by 0.3% during the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock worth $3,351,000 after buying an additional 30 shares during the last quarter. Evansbrook LLC increased its holdings in shares of Apple by 0.4% during the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. lifted its stake in shares of Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after acquiring an additional 35 shares during the last quarter. Advocate Investing Services LLC lifted its stake in shares of Apple by 0.5% in the 2nd quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after acquiring an additional 39 shares during the last quarter. Finally, Interactive Financial Advisors Inc. boosted its holdings in shares of Apple by 4.0% during the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after acquiring an additional 40 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 8,632 shares of company stock valued at $2,719,955. Company insiders own 0.06% of the company's stock.

Apple Stock Down 0.3%

Apple stock opened at $336.13 on Friday. The firm has a market cap of $4.91 trillion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.92 and a beta of 1.08. Apple Inc. has a 52-week low of $240.21 and a 52-week high of $344.57. 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 firm has a 50 day moving average price of $320.24 and a two-hundred day moving average price of $294.69.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued 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 (DPR) is presently 12.39%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AAPL shares. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. KeyCorp reissued an "underweight" rating on shares of Apple in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft cut Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $303.00 price objective on shares of Apple in a research note on Thursday, September 10th. Finally, Piper Sandler started coverage on shares of Apple in a report on Monday, August 17th. They issued an "overweight" rating for the company. One 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 company's stock. According to data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.