SSI Investment Management LLC Buys New Position in Apple Inc. $AAPL

Key Points

• SSI Investment Management acquired 10,656 Apple shares worth approximately $3.08 million during the second quarter. Several other institutional investors also initiated positions, with hedge funds and institutions owning 67.73% of Apple’s stock.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $340.14, though some firms maintain neutral or underweight views.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, beating estimates, while revenue increased 16.4% year over year. Shares opened at $336.13, near their 52-week high, at a valuation of about 38.6 times earnings.

SSI Investment Management LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,656 shares of the iPhone maker's stock, valued at approximately $3,083,000.

Other hedge funds have also modified their holdings of the company. Tacita Capital Inc purchased a new position in Apple in the second quarter valued at approximately $1,553,000. Knuff & Co LLC acquired a new stake in shares of Apple during the second quarter worth $46,810,000. NewEdge Wealth LLC acquired a new stake in shares of Apple during the second quarter worth approximately $403,397,000. Rockbridge Asset Management LLC bought a new stake in shares of Apple in the 2nd quarter valued at approximately $9,716,000. Finally, Ackerman Asset Management LLC acquired a new stake in shares of Apple in the second quarter worth $7,781,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple News Summary

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Thursday, September 10th. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Moffett Nathanson reaffirmed a "neutral" rating and issued a $304.00 target price (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. Arete Research increased their price objective on Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. Finally, KeyCorp reissued an "underweight" rating on shares of Apple in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have assigned 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 an average price target of $340.14.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the transaction, the senior vice president owned 35,790 shares of the company's stock, valued at $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 8,632 shares of company stock valued at $2,719,955 over the last 90 days. 0.06% of the stock is owned by company insiders.

Apple Stock Down 0.3%

Shares of NASDAQ AAPL opened at $336.13 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 52 week low of $240.21 and a 52 week high of $344.57. The company has a market cap of $4.91 trillion, a P/E ratio of 38.55, a P/E/G ratio of 2.93 and a beta of 1.08. The business has a 50-day simple moving average of $320.24 and a two-hundred day simple moving average of $294.69.

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 for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $1.57 EPS. Research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Apple Company 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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