W1M Asset Management Ltd Invests $21.02 Million in Apple Inc. $AAPL

Key Points

• W1M Asset Management bought 72,701 Apple shares in the second quarter, valued at approximately $21.02 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Wall Street sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $340.14; targets from major firms range as high as $400.
• Apple’s latest quarterly results exceeded expectations, with earnings of $2.02 per share and revenue of $109.42 billion, up 16.4% year over year. The company also maintains a quarterly dividend of $0.27 per share.

W1M Asset Management Ltd bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 72,701 shares of the iPhone maker's stock, valued at approximately $21,022,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. New Dimensions Wealth Management LLC bought a new position in Apple during the second quarter worth about $251,182. Madison Wealth Partners Inc bought a new stake in Apple in the 2nd quarter valued at about $16,697,000. Krane Financial Solutions LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $6,265,000. Varma Mutual Pension Insurance Co bought a new stake in shares of Apple in the second quarter valued at approximately $719,026,000. Finally, X Square Capital LLC acquired a new stake in Apple during the second quarter worth approximately $3,137,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Key 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

Insider Transactions at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the business'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 value of $456,177.39. Following the transaction, the senior vice president owned 35,790 shares in the company, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 8,632 shares of company stock worth $2,719,955. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AAPL. HSBC reaffirmed a "buy" rating and issued a $366.00 price objective on shares of Apple in a report on Tuesday, September 8th. Royal Bank Of Canada set a $365.00 target price on Apple in a report on Wednesday, July 15th. Wedbush restated an "outperform" rating and issued a $400.00 price target on shares of Apple in a research report on Friday, June 5th. Citic Securities increased their price target on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Finally, Maxim Group lifted their price objective on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research note on Friday, July 31st. One research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

Apple Stock Performance

Shares of AAPL stock opened at $337.02 on Thursday. The business's 50-day moving average price is $321.36 and its 200-day moving average price is $296.51. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $345.34. The firm has a market capitalization of $4.92 trillion, a price-to-earnings ratio of 38.65, a PEG ratio of 2.95 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 (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 27.62% and a return on equity of 135.46%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $1.57 EPS. Equities research analysts forecast that Apple Inc. will post 8.74 EPS for the current 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 given 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 dividend payout ratio is currently 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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.