Madison Wealth Partners Inc Takes $16.70 Million Position in Apple Inc. $AAPL

Key Points

• Madison Wealth Partners bought 57,702 Apple shares worth approximately $16.7 million, making Apple its ninth-largest holding and representing 2.1% of its portfolio.
• Institutional investors own 67.73% of Apple, with several major firms—including Amundi, Nuveen and Dimensional Fund Advisors—recently increasing their positions.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $340.14. Apple also reported quarterly revenue growth of 16.4% and earnings of $2.02 per share, beating estimates.

Madison Wealth Partners Inc bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 57,702 shares of the iPhone maker's stock, valued at approximately $16,697,000. Apple comprises about 2.1% of Madison Wealth Partners Inc's investment portfolio, making the stock its 9th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Nuveen LLC increased its position 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 purchasing an additional 2,725,121 shares during the last quarter. Amundi boosted its holdings in shares of Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Apple by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock valued at $14,858,200,000 after buying an additional 979,832 shares during the period. Fisher Asset Management LLC grew its stake in shares of Apple by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker's stock valued at $14,992,196,000 after buying an additional 704,293 shares during the period. Finally, Deutsche Bank AG acquired a new stake in shares of Apple during the 2nd quarter worth $13,658,359,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research reports. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Moffett Nathanson restated a "neutral" rating and set a $304.00 price target (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. TD Cowen restated a "buy" rating and issued a $400.00 price objective on shares of Apple in a report on Thursday, September 10th. Wedbush reaffirmed an "outperform" rating and issued a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. Finally, KGI Securities cut Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price for the company. in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $340.14.

Trending Headlines about Apple

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 Trading Down 0.8%

NASDAQ:AAPL opened at $337.02 on Thursday. The stock has a market cap of $4.92 trillion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth 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. 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 business's 50-day simple moving average is $321.36 and its 200 day simple moving average is $296.51.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data 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. 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 period in the previous year, the business earned $1.57 EPS. Apple's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is 12.39%.

Insider Activity

In related news, SVP Jennifer Newstead sold 1,438 shares of the company's stock in a transaction 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 sale, the senior vice president directly owned 32,914 shares of the company's stock, valued at $10,867,873.66. This represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 8,632 shares of company stock valued at $2,719,955 in the last three months. 0.06% of the stock is currently owned by insiders.

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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