SGL Investment Advisors Inc. Invests $11.73 Million in Apple Inc. $AAPL

Key Points

• SGL Investment Advisors acquired 38,055 Apple shares worth approximately $11.73 million, making Apple its fourth-largest holding and representing about 4.1% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst expectations, while revenue rose 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $340.14, although analyst views range from bullish targets as high as $360 to bearish concerns about valuation, pricing and regulatory risks.

SGL Investment Advisors Inc. acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 38,055 shares of the iPhone maker's stock, valued at approximately $11,731,000. Apple makes up about 4.1% of SGL Investment Advisors Inc.'s portfolio, making the stock its 4th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prospect Hill Management LLC purchased a new stake in Apple during the 2nd quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC purchased a new position in Apple during the second quarter worth $168,646,000. Wealthfront Advisers LLC bought a new position in Apple during the second quarter valued at $482,388,000. Baron Silver Stevens Financial Advisors LLC increased its position in Apple by 65.6% during the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 66,717 shares of the iPhone maker's stock valued at $19,305,000 after acquiring an additional 26,418 shares during the last quarter. Finally, Rainier Family Wealth Inc. raised its stake in shares of Apple by 14.1% in the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after acquiring an additional 3,014 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 1,438 shares of Apple stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total transaction of $474,813.22. Following the completion of the transaction, the senior vice president directly owned 32,914 shares of the company's stock, valued at $10,867,873.66. The trade was a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 8,632 shares of company stock worth $2,719,955. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Shares of Apple stock opened at $336.13 on Monday. The company has a market capitalization of $4.91 trillion, a PE ratio of 38.55, a P/E/G ratio of 2.92 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a 50-day simple moving average of $320.24 and a two-hundred day simple moving average of $294.90. Apple Inc. has a one year low of $240.21 and a one year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly 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 company's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share. Research analysts expect 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. Stockholders of record on Monday, August 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is presently 12.39%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Apple in a research note on Monday, August 17th. They issued a "buy" rating for the company. Morgan Stanley reissued an "overweight" rating and set a $360.00 price target on shares of Apple in a research note on Wednesday, September 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research report on Tuesday, September 8th. Moffett Nathanson reissued a "neutral" rating and set a $304.00 target price (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. Finally, Barclays restated an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $340.14.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

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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