M1 Capital Management LLC Invests $21.50 Million in Apple Inc. $AAPL

Key Points

• M1 Capital Management purchased 74,315 Apple shares worth approximately $21.5 million in the second quarter, making Apple its fourth-largest holding and representing 7.9% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly revenue of $109.42 billion and EPS of $2.02, exceeding analyst expectations, while revenue increased 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share.
• Apple shares opened at $339.75, near their 52-week high, with analysts maintaining a “Moderate Buy” consensus and an average price target of $340.14. Growth prospects include foldable iPhones, AI-focused Macs and expanded services, though valuation, legal and geopolitical risks remain.

M1 Capital Management LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 74,315 shares of the iPhone maker's stock, valued at approximately $21,504,000. Apple makes up 7.9% of M1 Capital Management LLC's investment portfolio, making the stock its 4th largest holding.

Several other institutional investors also recently bought and sold shares of AAPL. Longfellow Investment Management Co. LLC purchased a new stake in Apple during the 2nd quarter valued at $30,000. Lifetime Wealth Management P.C. purchased a new position in shares of Apple in the fourth quarter worth $41,000. Ascentis Wealth Management LLC raised its stake in shares of Apple by 822.7% in the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after purchasing an additional 260,792 shares during the last quarter. Basso Capital Management L.P. bought a new position in shares of Apple during the fourth quarter valued at $88,000. Finally, Bard Associates Inc. bought a new position in shares of Apple during the fourth quarter valued at $109,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total value of $474,813.22. Following the transaction, the senior vice president directly owned 32,914 shares in the company, valued at approximately $10,867,873.66. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 8,632 shares of company stock worth $2,719,955 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 0.2%

Shares of NASDAQ:AAPL opened at $339.75 on Wednesday. The stock 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. 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 stock's 50-day simple moving average is $321.17 and its two-hundred day simple moving average is $295.97. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last released 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 firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. Analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The firm also recently announced 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. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is 12.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AAPL shares. KGI Securities downgraded Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective for the company. in a report on Monday, June 22nd. Needham & Company LLC restated a "hold" rating on shares of Apple in a research note on Tuesday, September 8th. Maxim Group raised their price target on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 31st. HSBC reiterated a "buy" rating and issued a $366.00 price target on shares of Apple in a research note on Tuesday, September 8th. Finally, CICC Research boosted their price objective on shares of Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average target price 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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