Meeder Advisory Services Inc. Acquires Shares of 387,376 Apple Inc. $AAPL

Key Points

• Meeder Advisory Services acquired 387,376 Apple shares in the second quarter, valued at approximately $112.1 million. Apple now represents about 4.1% of the firm’s portfolio and is its fifth-largest holding.
• Apple reported quarterly revenue of $109.42 billion and EPS of $2.02, exceeding analyst expectations, with revenue up 16.4% year over year. Analysts maintain a consensus “Moderate Buy” rating and a $338.80 price target.
• Growth prospects include foldable iPhones and potential AI server development, but investors face risks from lukewarm iPhone 18 Pro demand, limited initial Siri AI functionality, margin pressure, and an Indian regulatory investigation.

Meeder Advisory Services Inc. bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 387,376 shares of the iPhone maker's stock, valued at approximately $112,091,000. Apple makes up about 4.1% of Meeder Advisory Services Inc.'s holdings, making the stock its 5th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Longfellow Investment Management Co. LLC purchased a new stake in Apple in the 2nd quarter worth $30,000. Lifetime Wealth Management P.C. purchased a new position in shares of Apple during the fourth quarter valued at about $41,000. Basso Capital Management L.P. purchased a new position in shares of Apple during the fourth quarter valued at about $88,000. Bard Associates Inc. bought a new stake in shares of Apple in the fourth quarter worth about $109,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Apple in the fourth quarter worth about $187,000. Institutional investors own 67.73% of the company's stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Reports say Apple is developing enterprise AI servers using its upcoming M8 Ultra chips and is discussing NVIDIA’s NVLink networking technology. The project, potentially launching around 2029, could create a new hardware market, reduce reliance on third-party cloud providers, and help protect Services margins as AI usage grows. Apple Talks to Nvidia About NVLink for Its Own AI Server
• Positive Sentiment: The foldable iPhone Duo and higher-priced Pro models remain major catalysts for revenue and upgrade activity. TD Cowen reportedly set a $400 price target, while Citi survey data points to shorter smartphone replacement cycles and possible Apple market-share gains. Apple Stock Surges After Its Biggest Product Launch in Years
• Positive Sentiment: Analyst support remains favorable: JPMorgan reiterated its Buy rating, and Morgan Stanley is reportedly bullish on Apple’s new offerings. Apple’s Emmy success and continued ecosystem expansion also reinforce the long-term Services and brand story. Apple's Buy Rating Reiterated at JPMorgan
• Neutral Sentiment: The redesigned Siri and iOS 27 introduce broader AI capabilities, but the rollout is initially limited by beta labeling, language and regional restrictions, waitlists, and reports of slow response times. This makes the AI opportunity meaningful but its near-term financial impact uncertain. Apple Falls as Siri AI Arrives Behind a Beta Label
• Negative Sentiment: Analysts describe early iPhone 18 Pro and Pro Max preorders as lukewarm, potentially indicating that customers are delaying purchases for the foldable Duo. Weak Pro demand could pressure the current iPhone cycle if Duo demand does not offset it. iPhone 18 Pro Demand Is Already a Problem for Apple Stock
• Negative Sentiment: Investors are also monitoring slipping margins and an Indian consumer-regulator investigation into Apple’s software warranty and repair practices. Regulatory costs or changes to repair policies could weigh on cash flow and profitability. Indian Consumer Regulator Escalates Probe Into Apple’s Software Warranty Terms

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AAPL shares. Citigroup reissued a "buy" rating on shares of Apple in a research note on Thursday, September 10th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Evercore reiterated an "outperform" rating on shares of Apple in a research report on Monday. DA Davidson reissued a "neutral" rating and issued a $270.00 target price on shares of Apple in a report on Wednesday, September 2nd. Finally, UBS Group restated a "neutral" rating on shares of Apple in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $338.80.

Apple Trading Up 0.3%

Shares of NASDAQ AAPL opened at $332.41 on Thursday. Apple Inc. has a 1-year low of $236.65 and a 1-year high of $344.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business's 50 day moving average is $319.40 and its two-hundred day moving average is $293.88. The stock has a market capitalization of $4.85 trillion, a P/E ratio of 38.12, a PEG ratio of 2.88 and a beta of 1.08.

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, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.57 EPS. As a group, research analysts expect that Apple Inc. will post 8.74 EPS for the current 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 issued 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 dividend payout ratio is presently 12.39%.

Insider Transactions at Apple

In related news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total value of $456,176.74. Following the completion of the sale, the senior vice president directly owned 34,352 shares in the company, valued at $10,897,484.96. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 7,194 shares of company stock valued at $2,245,142 in the last ninety days. 0.06% of the stock is owned by company insiders.

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.

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