OMERS ADMINISTRATION Corp Has $723.68 Million Stock Holdings in Apple Inc. $AAPL

Key Points

• OMERS Administration increased its Apple position by 22.5% in the first quarter, adding 523,765 shares for a total of 2.85 million shares valued at $723.7 million. Apple now represents 4.7% of OMERS’ portfolio and is its third-largest holding.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst estimates, while revenue rose 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, yielding approximately 0.4%.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $328.60, although concerns include rising memory costs, potential iPhone price increases, supply-chain risks and a recent Jefferies downgrade to “Underperform.”

OMERS ADMINISTRATION Corp increased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 22.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,851,506 shares of the iPhone maker's stock after acquiring an additional 523,765 shares during the period. Apple makes up 4.7% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 3rd biggest position. OMERS ADMINISTRATION Corp's holdings in Apple were worth $723,684,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. JMG Financial Group Ltd. raised its holdings in shares of Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after buying an additional 35 shares during the last quarter. Reyes Financial Architecture Inc. grew its holdings in Apple by 0.4% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock worth $2,520,000 after buying an additional 37 shares in the last quarter. Interactive Financial Advisors Inc. grew its holdings in Apple by 4.0% in the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after buying an additional 40 shares in the last quarter. Sugar Maple Asset Management LLC increased its position in Apple by 2.0% in the 1st quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock valued at $515,000 after acquiring an additional 40 shares during the period. Finally, Orion Investment Co increased its position in Apple by 0.3% in the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker's stock valued at $3,902,000 after acquiring an additional 41 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

Shares of Apple stock opened at $308.26 on Tuesday. Apple Inc. has a 52 week low of $223.78 and a 52 week high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.50 trillion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. The company's 50-day moving average price is $309.49 and its two-hundred day moving average price is $283.86.

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 for the quarter, beating the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AAPL shares. Tigress Financial reiterated a "strong-buy" rating and set a $375.00 price target (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 3rd. Barclays restated an "underweight" rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a research note on Friday, July 31st. Wedbush reaffirmed an "outperform" rating and issued a $400.00 price objective on shares of Apple in a report on Friday, June 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $360.00 target price (down from $370.00) 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-one have issued a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $328.60.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is testing memory chips from China’s CXMT for some iPhones and MacBooks sold in China. If approved by U.S. authorities, the move could provide an additional supply source and help mitigate shortages caused by surging AI-related demand. Apple tests China's CXMT memory chips
• Positive Sentiment: Some Apple-focused investors, including Deepwater Asset Management’s Gene Munster, argue that the shares remain undervalued and that future iPhone price increases, artificial-intelligence features and a potential upgrade cycle could support longer-term growth. Gene Munster disagrees with Apple downgrade
• Neutral Sentiment: Apple is scheduled to pay a quarterly dividend of $0.27 per share on August 13 to eligible shareholders, providing a modest near-term shareholder return. Apple dividend payment
• Negative Sentiment: Jefferies downgraded Apple from Hold to Underperform and cut its price target to $263.66 from $285.56. Analyst Edison Lee reportedly believes Apple has scrapped a planned all-glass iPhone because of production challenges, removing a potential premium product that could have lifted average selling prices and profitability. Apple could underperform without an all-glass iPhone
• Negative Sentiment: Memory and storage costs are rising sharply amid the AI-driven supply crunch; reports suggest iPhone 18 production costs could increase by roughly 38%. Apple may need to raise prices, risking weaker demand, or absorb the costs, pressuring margins. Apple's iPhone 18 costs could jump 38%
• Negative Sentiment: The CXMT testing also introduces geopolitical and execution risks: U.S. restrictions could limit Apple’s access to the supplier, while CXMT’s capacity and technology may lag established memory manufacturers. These issues add uncertainty to Apple’s supply chain and pricing strategy.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.06% of the company's stock.

Apple Profile

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.

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