Vista Investment Management Invests $2.78 Million in Apple Inc. $AAPL

Key Points

• Vista Investment Management acquired 9,593 Apple shares worth approximately $2.78 million in the second quarter, making Apple 0.8% 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 increased 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with Apple holding a “Moderate Buy” consensus rating and a $340.14 average price target, despite some firms downgrading the stock to “Hold.”

Vista Investment Management acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 9,593 shares of the iPhone maker's stock, valued at approximately $2,776,000. Apple comprises 0.8% of Vista Investment Management's investment portfolio, making the stock its 27th largest holding.

Several other large investors also recently made changes to their positions in the stock. Welch Capital Partners LLC NY bought a new position in shares of Apple in the 2nd quarter valued at approximately $1,621,000. Hudson Portfolio Management LLC boosted its position in Apple by 8.1% during the second quarter. Hudson Portfolio Management LLC now owns 9,289 shares of the iPhone maker's stock worth $2,688,000 after purchasing an additional 696 shares during the period. Compass Financial Management LLC acquired a new position in Apple during the second quarter valued at approximately $25,894,000. Elevation Point Wealth Partners LLC bought a new position in shares of Apple in the second quarter valued at approximately $169,902,000. Finally, Greenland Capital Management LP acquired a new position in Apple in the 2nd quarter valued at $1,248,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,438 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $330.19, for a total value 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 approximately $10,867,873.66. This represents a 4.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 8,632 shares of company stock valued at $2,719,955. Corporate insiders own 0.06% of the company's stock.

Apple Trading Down 0.8%

Shares of AAPL stock opened at $337.02 on Thursday. The firm has a fifty day moving average of $321.36 and a 200-day moving average of $296.51. The stock has a market cap of $4.92 trillion, a price-to-earnings ratio of 38.65, a P/E/G ratio of 2.95 and a beta of 1.08. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 EPS. On average, equities research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reaffirmed its Buy rating and assigned a $370 price target, implying further upside. The firm highlighted improving iPhone 18 Pro Max availability trends, while premium demand remains relatively resilient. BofA Sends Stark Message to Apple Stock Investors on iPhone 18
• Positive Sentiment: Apple’s new M6 Mac mini and M5 Mac Studio are being marketed as lower-cost alternatives to cloud-based AI infrastructure, potentially expanding Apple’s enterprise opportunity. Their ability to run large AI models locally could create a new hardware growth driver. With new Macs, Apple aims to take on Microsoft and Nvidia
• Positive Sentiment: Reports that Apple is developing a screenless fitness tracker to compete with Whoop and Oura point to potential long-term expansion in health and wearables, although a launch may not occur until 2028. Apple could take on Whoop with a new fitness tracker

Analysts Set New Price Targets

AAPL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Piper Sandler started coverage on Apple in a research report on Monday, August 17th. They issued an "overweight" rating on the stock. BTIG Research assumed coverage on Apple in a report on Monday, August 17th. They set a "neutral" rating for the company. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

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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