Meeder Asset Management Inc. Makes New $132.46 Million Investment in Apple Inc. $AAPL

Key Points

• Meeder Asset Management purchased 457,767 Apple shares worth approximately $132.46 million, making Apple its second-largest holding at 6.8% of the portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst estimates, with revenue up 16.4% year over year. The company also maintains a $0.27 quarterly dividend, or a 0.3% yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $338.80, though concerns include lukewarm iPhone 18 Pro demand, narrowing margins, limited near-term AI rollout, and regulatory scrutiny in India.

Meeder Asset Management Inc. bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 457,767 shares of the iPhone maker's stock, valued at approximately $132,459,000. Apple accounts for about 6.8% of Meeder Asset Management Inc.'s holdings, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Tiemann Investment Advisors LLC bought a new position in shares of Apple in the 2nd quarter worth $16,395,000. Citizens Financial Group Inc. RI bought a new stake in Apple in the second quarter valued at about $392,462,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in Apple in the second quarter valued at about $46,245,000. Cornerstone Advisors LLC acquired a new position in Apple in the second quarter valued at about $208,838,000. Finally, Aegis Wealth Management LLC bought a new position in Apple during the second quarter worth about $2,431,000. Institutional investors own 67.73% of the company's stock.

More Apple News

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

Insider Activity

In related news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $317.23, for a total transaction of $456,176.74. Following 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 legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 7,194 shares of company stock worth $2,245,142 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AAPL shares. Loop Capital decreased their target price on Apple from $350.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. China Renaissance downgraded shares of Apple from a "buy" rating to a "hold" rating and cut their price target for the company from $329.00 to $280.00 in a research report on Tuesday, August 4th. Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price for the company. in a research note on Tuesday, August 4th. Finally, KGI Securities lowered shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price on the stock. in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average price target of $338.80.

Apple Trading Up 0.3%

NASDAQ AAPL opened at $332.41 on Thursday. Apple Inc. has a one year low of $236.65 and a one 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 firm has a market cap of $4.85 trillion, a P/E ratio of 38.12, a P/E/G ratio of 2.88 and a beta of 1.08. The stock's 50-day moving average is $319.40 and its 200-day moving average is $293.88.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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%.Apple's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. Sell-side analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Apple 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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