Prospect Financial Group LLC Acquires Shares of 9,494 Apple Inc. $AAPL

Prospect Financial Group LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,494 shares of the iPhone maker's stock, valued at approximately $2,747,000. Apple comprises about 2.2% of Prospect Financial Group LLC's holdings, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Apple by 1.9% in the 4th 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 in the last quarter. Diamant Asset Management Inc. raised its stake in shares of Apple by 24,974.3% during the 1st quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock worth $6,754,449,000 after buying an additional 26,508,181 shares in the last quarter. Amundi lifted its holdings 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 buying an additional 13,780,080 shares during the period. Ascentis Wealth Management LLC lifted its holdings in shares of Apple by 27,622.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 8,788,371 shares of the iPhone maker's stock valued at $2,543,003,000 after buying an additional 8,756,670 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Apple in the fourth quarter valued at approximately $2,359,212,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new iPhone Duo foldable is generating significant investor interest. Analysts and commentators including Jim Cramer and Gary Black believe demand could be substantial, while some coverage suggests the device could expand Apple’s addressable market and support a longer-term upgrade cycle. Jim Cramer on Apple foldable demand
• Positive Sentiment: Several analysts remain bullish. Bank of America reiterated a Buy rating with a $370 price target, JPMorgan reaffirmed its Buy rating, and Morgan Stanley reportedly increased its conviction as Apple’s hardware and AI offerings become more compelling. Bank of America Apple rating
• Positive Sentiment: Apple had a record Emmy performance, taking home the most awards and strengthening Apple TV+’s position in streaming. The recognition could support customer engagement and Apple’s services strategy, although the direct financial effect is difficult to quantify. Apple Emmy coverage
• Neutral Sentiment: Early iPhone 18 Pro delivery times are shorter than last year’s, producing mixed interpretations: they may indicate softer demand, or consumers may be waiting for the foldable Duo. Apple’s stock is also roughly 4% below its recent high, limiting the margin for disappointment.
• Negative Sentiment: Reports describe iPhone 18 Pro demand as lukewarm, with shorter lead times and some indications of surprisingly weak preorders. Investors are concerned that the standard premium iPhone cycle may not justify Apple’s valuation. Apple iPhone 18 Pro demand
• Negative Sentiment: The redesigned Siri is launching under a beta label with language, regional, device and waitlist restrictions. Reported usage caps and response times of five to 15 seconds could delay the expected AI-driven upgrade cycle. Apple Siri AI rollout
• Negative Sentiment: India’s consumer regulator escalated an investigation into Apple’s software warranty terms and repair costs, creating potential regulatory, reputational and financial risk in an important growth market. India investigation into Apple

Insider Buying and Selling

In other Apple 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 transaction of $456,176.74. Following the completion of the transaction, the senior vice president owned 34,352 shares of the company's stock, valued at approximately $10,897,484.96. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 7,194 shares of company stock worth $2,245,142. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Barclays reaffirmed an "underweight" rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a report on Friday, July 31st. Bank of America restated a "buy" rating and set a $370.00 target price (down from $380.00) on shares of Apple in a research report on Thursday, September 10th. UBS Group reaffirmed a "neutral" rating on shares of Apple in a research note on Thursday, September 10th. Citigroup reiterated a "buy" rating on shares of Apple in a report on Thursday, September 10th. Finally, Evercore reiterated an "outperform" rating on shares of Apple in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $338.80.

Apple Stock Performance

NASDAQ:AAPL opened at $331.34 on Wednesday. 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 company has a market capitalization of $4.84 trillion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. The firm has a 50-day moving average price of $319.02 and a two-hundred day moving average price of $293.47. Apple Inc. has a twelve month low of $236.32 and a twelve month high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating 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 business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the business earned $1.57 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

About Apple

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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