UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,509,444 Shares of Apple Inc. $AAPL

Key Points

• UBS Asset Management reduced its Apple stake by 1.4%, selling 1.51 million shares in the second quarter. It still held approximately 104 million shares worth $30.1 billion, making Apple its second-largest position.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst estimates; revenue increased 16.4% year over year.
• Analysts maintain a generally positive view, with Apple carrying a “Moderate Buy” consensus rating and an average price target of $340.14. The stock was trading near $333, with a market capitalization of about $4.86 trillion.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,001,309 shares of the iPhone maker's stock after selling 1,509,444 shares during the period. Apple makes up about 5.5% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's investment portfolio, making the stock its 2nd largest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.71% of Apple worth $30,093,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAPL. Prospect Hill Management LLC acquired a new stake in Apple during the 2nd quarter worth about $146,370,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Apple in the second quarter worth about $168,646,000. Wealthfront Advisers LLC purchased a new position in shares of Apple in the second quarter worth approximately $482,388,000. Satovsky Asset Management LLC acquired a new stake in shares of Apple during the second quarter valued at approximately $16,064,000. Finally, Saranac Partners Ltd purchased a new stake in shares of Apple in the 2nd quarter valued at approximately $9,513,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 1.1%

Apple stock opened at $333.02 on Thursday. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $345.34. 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 stock has a market cap of $4.86 trillion, a P/E ratio of 38.19, a P/E/G ratio of 2.86 and a beta of 1.08. The company's fifty day simple moving average is $321.97 and its 200-day simple moving average is $299.21.

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 the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared 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 12.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $360.00 price objective on shares of Apple in a research note on Tuesday. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a research report on Wednesday, September 9th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Friday, September 25th. Raymond James Financial reissued a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Finally, KeyCorp reissued an "underweight" rating on shares of Apple in a research note on Friday, September 4th. One equities research 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $340.14.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94. Following the completion of the sale, the senior vice president directly owned 44,391 shares in the company, valued at $15,095,603.46. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 11,031 shares of company stock worth $3,535,759. 0.06% of the stock is owned by company insiders.

Apple Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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