United Bank Takes $13.87 Million Position in Apple Inc. $AAPL

Key Points

• United Bank bought 47,939 Apple shares worth approximately $13.87 million in the second quarter, making Apple its fifth-largest holding and representing 4.2% of its portfolio.
• Institutional investors own 67.73% of Apple, with major holders including Vanguard, Nuveen, Amundi, Fisher Asset Management and Dimensional Fund Advisors increasing their positions.
• Analysts maintain a generally positive outlook, with Apple carrying a “Moderate Buy” consensus rating and an average price target of $340.14, despite some firms downgrading the stock to neutral.

United Bank bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,939 shares of the iPhone maker's stock, valued at approximately $13,872,000. Apple comprises 4.2% of United Bank's portfolio, making the stock its 5th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Apple by 1.9% in 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 purchasing an additional 26,856,752 shares in the last quarter. Nuveen LLC boosted its stake in shares of Apple by 3.8% during the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after purchasing an additional 2,725,121 shares during the period. Amundi grew its holdings in Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Apple by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker's stock worth $14,992,196,000 after acquiring an additional 704,293 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Apple by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock worth $14,858,200,000 after purchasing an additional 979,832 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research reports. Seaport Research Partners cut shares of Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. Moffett Nathanson reissued a "neutral" rating and set a $304.00 target price (up from $270.00) on shares of Apple in a research report on Tuesday, September 8th. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 price target on shares of Apple in a research report on Wednesday, September 2nd. Loop Capital set a $380.00 price objective on shares of Apple in a research note on Friday. Finally, Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average target price of $340.14.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the completion of the transaction, the senior vice president directly owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 8,632 shares of company stock valued at $2,719,955. 0.06% of the stock is currently owned by corporate insiders.

Trending Headlines about 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 Trading Down 0.3%

NASDAQ AAPL opened at $336.13 on Friday. The stock has a market cap of $4.91 trillion, a P/E ratio of 38.55, a P/E/G ratio of 2.92 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12-month low of $240.21 and a 12-month high of $344.57. The company has a fifty 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 issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The company 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 firm's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.57 EPS. On average, analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

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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