Quantbot Technologies LP Invests $3.53 Million in Apple Inc. $AAPL

Key Points

• Quantbot Technologies LP initiated a $3.53 million position in Apple during the second quarter by purchasing 12,213 shares. Several other hedge funds also opened new positions, and institutional investors now own 67.73% of the stock.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $340.14, although some firms maintain neutral or underweight ratings.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding estimates, while year-over-year revenue increased 16.4%. Shares opened at $337.02, near their 52-week high, and the company maintains a $0.27 quarterly dividend.

Quantbot Technologies LP bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,213 shares of the iPhone maker's stock, valued at approximately $3,534,000.

A number of other hedge funds also recently made changes to their positions in AAPL. Fortress Financial Group LLC bought a new position in Apple during the 2nd quarter valued at $1,787,000. Evolve Private Wealth LLC acquired a new position in shares of Apple in the 2nd quarter valued at $46,134,000. Martin & Co. Inc. TN acquired a new position in shares of Apple in the 2nd quarter valued at $11,484,000. Greenbrier Partners Capital Management LLC acquired a new stake in Apple during the 2nd quarter worth about $288,256,000. Finally, WealthShield Partners LLC purchased a new stake in Apple during the second quarter valued at about $12,297,000. Institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAPL. Citic Securities lifted their target price on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Robert W. Baird increased their price target on shares of Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Seaport Research Partners cut shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Piper Sandler initiated coverage on shares of Apple in a research report on Monday, August 17th. They set an "overweight" rating on the stock. Finally, KeyCorp reiterated an "underweight" rating on shares of Apple in a research note on Friday, September 4th. One 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the sale, the senior vice president directly owned 35,790 shares in the company, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 8,632 shares of company stock valued at $2,719,955 over the last 90 days. Company insiders own 0.06% of the company's stock.

Apple Price Performance

NASDAQ AAPL opened at $337.02 on Thursday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The stock's 50-day moving average is $321.36 and its two-hundred day moving average is $296.51. The firm has a market cap of $4.92 trillion, a P/E ratio of 38.65, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The company 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 firm's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 EPS. On average, analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reaffirmed its Buy rating and assigned a $370 price target, implying further upside. The firm highlighted improving iPhone 18 Pro Max availability trends, while premium demand remains relatively resilient. BofA Sends Stark Message to Apple Stock Investors on iPhone 18
• Positive Sentiment: Apple’s new M6 Mac mini and M5 Mac Studio are being marketed as lower-cost alternatives to cloud-based AI infrastructure, potentially expanding Apple’s enterprise opportunity. Their ability to run large AI models locally could create a new hardware growth driver. With new Macs, Apple aims to take on Microsoft and Nvidia
• Positive Sentiment: Reports that Apple is developing a screenless fitness tracker to compete with Whoop and Oura point to potential long-term expansion in health and wearables, although a launch may not occur until 2028. Apple could take on Whoop with a new fitness tracker

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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