NFJ Investment Group LLC Invests $91.31 Million in Apple Inc. $AAPL

Key Points

• NFJ Investment Group purchased 315,565 Apple shares worth approximately $91.31 million in the second quarter, making Apple its second-largest holding at 3.1% of the portfolio. Institutional investors collectively own 67.73% of Apple’s outstanding shares.
• Apple reported quarterly earnings of $2.02 per share on revenue of $109.42 billion, exceeding analyst expectations, while revenue increased 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share.
• Wall Street maintains a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $340.14, although analyst opinions range from “Strong Buy” to “Sell” amid valuation and execution concerns.

NFJ Investment Group LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 315,565 shares of the iPhone maker's stock, valued at approximately $91,312,000. Apple accounts for approximately 3.1% of NFJ Investment Group LLC's investment portfolio, making the stock its 2nd biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. Deutsche Bank AG purchased a new stake in Apple in the 2nd quarter worth $13,658,359,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Apple during the second quarter worth approximately $10,588,946,000. Vanguard Group Inc. raised its position in Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares during the period. Diamant Asset Management Inc. raised its position in Apple by 24,974.3% during the first quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock valued at $6,754,449,000 after purchasing an additional 26,508,181 shares during the period. Finally, Amundi lifted its stake 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. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of Apple stock opened at $338.98 on Tuesday. The stock's fifty day moving average is $320.67 and its two-hundred day moving average is $295.43. The company has a market capitalization of $4.95 trillion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last released 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. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. As a group, analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AAPL. TD Cowen reiterated a "buy" rating and issued a $400.00 target price on shares of Apple in a report on Thursday, September 10th. Rosenblatt Securities restated a "neutral" rating and set a $303.00 price target on shares of Apple in a report on Thursday, September 10th. Jefferies Financial Group restated an "underperform" rating on shares of Apple in a research report on Wednesday, September 9th. Robert W. Baird lifted their price objective on shares of Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Finally, Loop Capital set a $380.00 price objective on shares of Apple in a research report on Friday. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone 18 Pro demand: JPMorgan said average delivery times increased to 23 days in the second preorder week from seven days in the first, suggesting demand may be stronger than expected. Analyst Gene Munster said current iPhone 18 estimates could be too conservative, while Evercore ISI raised its price target to $380. JPMorgan sees stronger iPhone 18 Pro demand
• Positive Sentiment: Foldable iPhone creates a potential premium-growth opportunity: Apple’s new iPhone Duo, priced at $1,999 and scheduled for an October 23 release, represents the company’s largest iPhone design change in years. Investors view the product as a possible catalyst for higher average selling prices and a new upgrade cycle under CEO John Ternus. Apple’s new CEO bets big on a foldable iPhone
• Positive Sentiment: AI and capital returns support the bullish case: Coverage highlighted the successful rollout of upgraded Siri AI, Apple’s reported interest in building AI inference servers, and its shrinking share count from buybacks. Apple’s large cash position, history of earnings beats and long-term shareholder returns are also reinforcing investor confidence. Apple’s shrinking share count
• Neutral Sentiment: Broader strategic opportunities: Apple and Google are hiring digital-asset specialists, potentially signaling future initiatives involving payments, stablecoins or tokenization. The company could also benefit if U.S.-China trade discussions reduce tariff pressure on technology companies. Google and Apple digital-asset hiring
• Negative Sentiment: Valuation and execution risks are rising: Commentators described AAPL as relatively expensive near its highs, while the $1,999 Duo could limit adoption and expose Apple to foldable-screen execution risks. Google’s AI-powered laptops and Meta’s Muse app also highlight intensifying competition in AI and consumer technology.
• Negative Sentiment: Legal overhang: Apple has begun a 90-day claims period tied to a $250 million settlement over allegations that it falsely advertised Apple Intelligence and Siri capabilities. The financial cost is manageable for Apple, but the dispute could weigh on trust in its AI strategy. $250 million Apple AI settlement claims period

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction of $456,177.39. Following the completion of the sale, the senior vice president directly owned 35,790 shares of the company's stock, valued at $11,345,787.90. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 8,632 shares of company stock valued at $2,719,955. 0.06% of the stock is owned by corporate insiders.

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.

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.