TRU Independence Asset Management 2 LLC Acquires New Shares in Apple Inc. $AAPL

Key Points

• TRU Independence Asset Management 2 LLC acquired 8,987 Apple shares worth approximately $2.6 million, making Apple its 12th-largest holding at 1.4% of the portfolio.
• Institutional ownership remains substantial, with hedge funds and other institutional investors holding 67.73% of Apple; Vanguard, Amundi and Diamant Asset Management also increased their positions.
• Apple shares were trading near their 12-month high at $338.98, while the company reported quarterly EPS and revenue above analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.14.

TRU Independence Asset Management 2 LLC bought a new stake in shares of 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 fund bought 8,987 shares of the iPhone maker's stock, valued at approximately $2,600,000. Apple accounts for about 1.4% of TRU Independence Asset Management 2 LLC's portfolio, making the stock its 12th biggest holding.

Several other institutional investors have also recently made changes to their positions in AAPL. Deutsche Bank AG purchased a new stake in Apple during the 2nd quarter worth about $13,658,359,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Apple during the 2nd quarter valued at about $10,588,946,000. Vanguard Group Inc. increased its position in shares of Apple by 1.9% during the fourth 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 period. Diamant Asset Management Inc. increased its position in shares of 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 valued at $6,754,449,000 after buying an additional 26,508,181 shares during the period. Finally, Amundi lifted its holdings in shares of Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after buying an additional 13,780,080 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Up 0.8%

Shares of AAPL stock opened at $338.98 on Tuesday. 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 business has a 50-day moving average price of $320.67 and a two-hundred day moving average price of $295.43. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $344.57. The firm has a market cap of $4.95 trillion, a P/E ratio of 38.87, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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 during 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%.The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 EPS. Equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

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

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the 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 transaction, the senior vice president directly owned 32,914 shares in the company, valued at $10,867,873.66. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 8,632 shares of company stock valued at $2,719,955 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone 18 Pro demand: JPMorgan said average delivery times increased to 23 days in the second preorder week from seven days in the first, suggesting demand may be stronger than expected. Analyst Gene Munster said current iPhone 18 estimates could be too conservative, while Evercore ISI raised its price target to $380. JPMorgan sees stronger iPhone 18 Pro demand
• Positive Sentiment: Foldable iPhone creates a potential premium-growth opportunity: Apple’s new iPhone Duo, priced at $1,999 and scheduled for an October 23 release, represents the company’s largest iPhone design change in years. Investors view the product as a possible catalyst for higher average selling prices and a new upgrade cycle under CEO John Ternus. Apple’s new CEO bets big on a foldable iPhone
• Positive Sentiment: AI and capital returns support the bullish case: Coverage highlighted the successful rollout of upgraded Siri AI, Apple’s reported interest in building AI inference servers, and its shrinking share count from buybacks. Apple’s large cash position, history of earnings beats and long-term shareholder returns are also reinforcing investor confidence. Apple’s shrinking share count
• Neutral Sentiment: Broader strategic opportunities: Apple and Google are hiring digital-asset specialists, potentially signaling future initiatives involving payments, stablecoins or tokenization. The company could also benefit if U.S.-China trade discussions reduce tariff pressure on technology companies. Google and Apple digital-asset hiring
• Negative Sentiment: Valuation and execution risks are rising: Commentators described AAPL as relatively expensive near its highs, while the $1,999 Duo could limit adoption and expose Apple to foldable-screen execution risks. Google’s AI-powered laptops and Meta’s Muse app also highlight intensifying competition in AI and consumer technology.
• Negative Sentiment: Legal overhang: Apple has begun a 90-day claims period tied to a $250 million settlement over allegations that it falsely advertised Apple Intelligence and Siri capabilities. The financial cost is manageable for Apple, but the dispute could weigh on trust in its AI strategy. $250 million Apple AI settlement claims period

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AAPL. Maxim Group raised their price objective on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Robert W. Baird increased their target price on shares of Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a report on Wednesday, July 15th. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a report on Thursday, September 10th. Finally, KGI Securities downgraded Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective on the stock. in a research report on Monday, June 22nd. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.

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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