Montchanin Asset Management LLC Takes Position in Apple Inc. $AAPL

Key Points

• Montchanin Asset Management acquired 60,254 Apple shares worth approximately $15.3 million, making Apple its largest portfolio holding at 15.5%. Institutional investors collectively own 67.73% of Apple.
• Apple’s latest quarterly results exceeded expectations, with EPS of $2.02 versus the $1.89 consensus and revenue of $109.42 billion, up 16.4% year over year.
• Apple shares opened at $305.93, while analysts maintained a “Moderate Buy” consensus and an average price target of $328.60. The company also paid a quarterly dividend of $0.27 per share, yielding approximately 0.4% annually.

Montchanin Asset Management LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,254 shares of the iPhone maker's stock, valued at approximately $15,292,000. Apple comprises about 15.5% of Montchanin Asset Management LLC's portfolio, making the stock its largest position.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after purchasing an additional 26,856,752 shares during the last quarter. State Street Corp raised its holdings in Apple by 1.1% in the 4th quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker's stock valued at $164,218,801,000 after buying an additional 6,555,392 shares during the period. Geode Capital Management LLC lifted its position in Apple by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker's stock valued at $97,031,587,000 after buying an additional 1,866,103 shares during the last quarter. Morgan Stanley lifted its position in Apple by 0.6% in the fourth quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker's stock valued at $62,659,118,000 after buying an additional 1,379,651 shares during the last quarter. Finally, Norges Bank purchased a new position in Apple during the fourth quarter worth about $52,266,468,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Up 0.2%

Shares of AAPL stock opened at $305.93 on Friday. 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 has a market capitalization of $4.46 trillion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a 50 day moving average price of $308.98 and a 200 day moving average price of $285.19. Apple Inc. has a fifty-two week low of $223.78 and a fifty-two week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the prior year, the firm earned $1.57 EPS. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple's dividend payout ratio (DPR) is 12.39%.

Insider Activity

In other Apple news, insider Ben Borders sold 116 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $307.75, for a total value of $442,852.25. Following the completion of the transaction, the senior vice president owned 40,107 shares of the company's stock, valued at $12,342,929.25. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AAPL. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a report on Monday, June 8th. Wedbush reiterated an "outperform" rating and issued a $400.00 target price on shares of Apple in a report on Friday, June 5th. Jefferies Financial Group downgraded shares of Apple from a "buy" rating to an "underperform" rating and dropped their target price for the company from $285.56 to $263.66 in a report on Monday. UBS Group restated a "neutral" rating on shares of Apple in a research note on Friday, July 31st. Finally, Barclays restated an "underweight" rating and set a $245.00 price target (down from $253.00) on shares of Apple in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $328.60.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly training a China-specific large language model with Alibaba’s support. The initiative could bring Apple Intelligence to Chinese users, improve Apple’s competitive position against Huawei and reduce reliance on third-party AI models in a key market. Apple trains China-specific AI model
• Positive Sentiment: Apple opened an advanced manufacturing center in Houston that will support AI-server production, Mac mini assembly and workforce training. The facility reinforces Apple’s U.S. investment plans and may improve supply-chain resilience and relations with policymakers. Apple opens Houston manufacturing facility
• Positive Sentiment: Apple reportedly received about $2.2 billion in tariff refunds. The cash recovery could offset some trade-related expenses and support near-term earnings and cash flow. Apple tariff refund report
• Positive Sentiment: Apple is discussing usage-based content agreements with publishers to improve the upgraded Siri’s access to current information. A stronger Siri could help narrow Apple’s perceived AI gap and support future services growth. Apple publisher talks for Siri
• Neutral Sentiment: Apple proposed a 15% commission on purchases made through external links in iOS apps amid its continuing legal dispute with Epic. The proposal could preserve some App Store revenue, but the final regulatory and legal outcome remains uncertain. Apple proposes external purchase commission
• Neutral Sentiment: Apple’s valuation remains demanding, with a market capitalization near $4.5 trillion and a forward earnings outlook that leaves the stock sensitive to execution. An insider sale by SVP Jennifer Newstead was disclosed, though such transactions do not necessarily indicate a change in corporate fundamentals. Apple insider sale
• Negative Sentiment: Jefferies downgraded Apple, citing concerns about the canceled or delayed all-glass iPhone concept, limited near-term AI momentum and rising memory-chip costs. Higher component prices could pressure margins and make it harder for Apple to justify its premium valuation. Jefferies Apple downgrade and iPhone concerns
• Negative Sentiment: Google’s Pixel 11 is placing Gemini more deeply into the smartphone experience, raising the competitive stakes for Apple ahead of the iPhone 18 launch and Siri’s broader overhaul.

About Apple

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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