Kinetic Wealth Investment Advisors LLC Buys 3,341 Shares of Apple Inc. $AAPL

Key Points

• Kinetic Wealth Investment Advisors initiated a position in Apple by purchasing 3,341 shares valued at approximately $967,000, representing 0.5% of its portfolio.
• Institutional investors and hedge funds own 67.73% of Apple, with several firms increasing their stakes during the second quarter.
• Apple holds a “Moderate Buy” consensus rating with an average price target of $340.02, though investors face concerns over elevated valuation, potential iPhone demand weakness and supplier order cuts.

Kinetic Wealth Investment Advisors LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,341 shares of the iPhone maker's stock, valued at approximately $967,000. Apple comprises 0.5% of Kinetic Wealth Investment Advisors LLC's investment portfolio, making the stock its 28th largest position.

A number of other large investors have also made changes to their positions in AAPL. Range Advisory LLC lifted its holdings in shares of Apple by 38.0% during the 2nd quarter. Range Advisory LLC now owns 59,364 shares of the iPhone maker's stock worth $17,178,000 after acquiring an additional 16,353 shares during the period. Capital & Planning LLC boosted its position in shares of Apple by 0.4% during the 2nd quarter. Capital & Planning LLC now owns 21,860 shares of the iPhone maker's stock valued at $6,325,000 after acquiring an additional 83 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in Apple by 14.2% in the second quarter. Brown Lisle Cummings Inc. now owns 57,100 shares of the iPhone maker's stock valued at $16,706,000 after acquiring an additional 7,084 shares during the period. Alternative Investment Advisors LLC. increased its stake in Apple by 3.7% in the second quarter. Alternative Investment Advisors LLC. now owns 7,129 shares of the iPhone maker's stock valued at $2,063,000 after acquiring an additional 257 shares during the period. Finally, Cornerstone Financial Management LLC raised its position in Apple by 8.0% in the second quarter. Cornerstone Financial Management LLC now owns 7,544 shares of the iPhone maker's stock worth $2,183,000 after purchasing an additional 557 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Potential AI upside: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by monetizing its more than 2.5 billion active devices and Services ecosystem. He estimates AI could add approximately $75 per share to the company’s value. Apple Could Be the Toll Collector of Consumer AI
• Positive Sentiment: Smart-home expansion: Apple’s planned October 13 “Welcome Home” event could introduce products such as a smart lock, thermostat and doorbell. The initiative may expand Apple’s hardware and Services opportunities and strengthen its position against Amazon and Google. Apple Smart Home Push
• Neutral Sentiment: Possible seasonal order adjustment: Bespoke Investment Group noted that Apple’s autumn iPhone order reductions have occurred in prior years and have sometimes been followed by a stock recovery. Investors will look for evidence that the latest cuts reflect normal supply-chain management rather than lasting demand weakness. Apple’s iPhone Order Cut and Stock Rebound
• Negative Sentiment: iPhone demand concerns: Nikkei Asia reported that Apple asked suppliers to cut iPhone 18 Pro component production, raising concerns that premium pricing is discouraging consumers. The reports are particularly important because Apple is preparing to pursue an even higher-priced product strategy, including a rumored $1,999 foldable iPhone. Apple Cuts iPhone 18 Pro Orders Due to Soft Demand
• Negative Sentiment: Valuation and execution risks: Apple’s elevated earnings multiple leaves less room for disappointment, while higher memory costs could pressure margins. A recent senior vice president stock sale was relatively small but adds to near-term caution. Apple Senior Vice President Stock Sale

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Thursday, October 1st. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. TD Cowen restated a "buy" rating and set a $400.00 target price on shares of Apple in a research report on Thursday, September 10th. CICC Research boosted their price target on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of Apple in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $340.02.

Insider Buying and Selling

In other Apple news, insider Timothy Cook sold 191,753 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the transaction, the insider owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the transaction, the senior vice president owned 41,992 shares of the company's stock, valued at $14,116,870.56. The trade was a 5.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 279,383 shares of company stock worth $92,912,517. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

AAPL opened at $336.64 on Friday. The company has a fifty day moving average price of $322.61 and a two-hundred day moving average price of $302.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34. The firm has a market capitalization of $4.91 trillion, a PE ratio of 38.61, a P/E/G ratio of 2.71 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating 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 company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The firm's quarterly revenue was up 16.4% on a year-over-year basis. As a group, analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

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

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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