RW Investment Management LLC Buys Shares of 25,662 Apple Inc. $AAPL

Key Points

• RW Investment Management LLC purchased 25,662 Apple shares worth approximately $7.4 million in the second quarter, making Apple its seventh-largest holding at 0.7% of the portfolio. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, surpassing analyst estimates, while revenue increased 16.4% year over year. The company also paid a quarterly dividend of $0.27, representing a 0.3% annualized yield.
• Analysts maintain a generally positive outlook, with MarketBeat assigning Apple a “Moderate Buy” consensus rating and an average price target of $338.80. However, the stock’s premium valuation and potential cost pressures remain key risks.

RW Investment Management LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,662 shares of the iPhone maker's stock, valued at approximately $7,426,000. Apple accounts for 0.7% of RW Investment Management LLC's investment portfolio, making the stock its 7th biggest position.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 buying an additional 26,856,752 shares during the last quarter. Diamant Asset Management Inc. raised its holdings 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 worth $6,754,449,000 after acquiring an additional 26,508,181 shares in the last quarter. Amundi raised its stake in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares in the last quarter. Ascentis Wealth Management LLC increased its stake in shares of Apple by 27,622.7% during the 2nd quarter. Ascentis Wealth Management LLC now owns 8,788,371 shares of the iPhone maker's stock worth $2,543,003,000 after purchasing an additional 8,756,670 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Apple in the 4th quarter valued at about $2,359,212,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 0.2%

AAPL stock opened at $333.08 on Tuesday. Apple Inc. has a 52 week low of $235.03 and a 52 week high of $344.57. The business has a 50-day simple moving average of $318.61 and a 200 day simple moving average of $293.06. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.86 trillion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $1.57 earnings per share. Sell-side analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the company's 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 in the company, valued at $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,194 shares of company stock worth $2,245,142 in the last three months. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AAPL shares. KeyCorp reissued an "underweight" rating on shares of Apple in a research report on Friday, September 4th. Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. DA Davidson reaffirmed a "neutral" rating and set a $270.00 price target on shares of Apple in a report on Wednesday, September 2nd. CICC Research upped their price objective on shares of Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Finally, HSBC reiterated a "buy" rating and set a $366.00 target price on shares of Apple in a research note on Tuesday, September 8th. One 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $338.80.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain bullish on the iPhone cycle. Bank of America reaffirmed its Buy rating and $370 price target, citing encouraging iPhone 18 trends and potential artificial-intelligence upside. JPMorgan also maintained a Buy rating, pointing to the longer-term opportunity from the iPhone 18 cycle and foldable Duo. Apple Buy Rating Reaffirmed
• Positive Sentiment: The iPhone Duo is fueling growth expectations. Analysts and industry observers believe Apple’s first foldable iPhone could expand the premium smartphone market, strengthen the product cycle and create a new source of revenue and earnings growth. Can New iPhone Duo Power Apple's Stock Higher?
• Positive Sentiment: Apple’s antitrust exposure has eased. Elon Musk’s X Corp. and SpaceXAI moved to resolve or dismiss their antitrust claims against Apple related to its ChatGPT integration, reducing one legal overhang, although related claims against OpenAI continue. Musk's X Corp and SpaceXAI Resolve Antitrust Lawsuit
• Neutral Sentiment: iPhone 18 Pro pre-orders are sending mixed signals. Delivery estimates are generally shorter than during last year’s iPhone 17 launch, which could indicate softer demand, but may also reflect supply improvements or customers waiting for the iPhone Duo. Apple iPhone 18 Pro Pre-orders Point to Mixed Demand Signals
• Neutral Sentiment: Apple released iOS 27 with a redesigned Siri. The update expands Apple’s AI capabilities, but the initial waitlist and support for existing devices could limit near-term iPhone replacement demand. Apple Releases Redesigned Siri AI
• Negative Sentiment: Valuation and cost risks remain. With Apple trading near its 52-week high at a premium earnings multiple, investors may demand strong Duo adoption. Reports of sharply higher memory prices could pressure hardware margins or force price increases, while OpenAI’s acquisition of an AI-camera startup founded by former Apple employees highlights intensifying competition in AI-enabled devices. Apple CEO Warns of Memory Price Crisis

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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