Montchanin Asset Management LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) in the 1st quarter, HoldingsChannel reports. The fund acquired 60,254 shares of the iPhone maker’s stock, valued at approximately $15,292,000. Apple comprises approximately 15.5% of Montchanin Asset Management LLC’s holdings, making the stock its biggest position.
Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Apple in the fourth quarter valued at approximately $52,266,468,000. Nuveen LLC purchased a new stake in shares of Apple during the 1st quarter worth approximately $17,472,482,000. Cardano Risk Management B.V. lifted its position in shares of Apple by 890.7% during the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock worth $11,413,990,000 after buying an additional 37,746,784 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after buying an additional 26,937,401 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Apple by 1.9% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
More Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple is reportedly training a China-specific large language model with Alibaba’s support. The initiative could bring Apple Intelligence to Chinese users, improve Apple’s competitive position against Huawei and reduce reliance on third-party AI models in a key market. Apple trains China-specific AI model
- Positive Sentiment: Apple opened an advanced manufacturing center in Houston that will support AI-server production, Mac mini assembly and workforce training. The facility reinforces Apple’s U.S. investment plans and may improve supply-chain resilience and relations with policymakers. Apple opens Houston manufacturing facility
- Positive Sentiment: Apple reportedly received about $2.2 billion in tariff refunds. The cash recovery could offset some trade-related expenses and support near-term earnings and cash flow. Apple tariff refund report
- Positive Sentiment: Apple is discussing usage-based content agreements with publishers to improve the upgraded Siri’s access to current information. A stronger Siri could help narrow Apple’s perceived AI gap and support future services growth. Apple publisher talks for Siri
- Neutral Sentiment: Apple proposed a 15% commission on purchases made through external links in iOS apps amid its continuing legal dispute with Epic. The proposal could preserve some App Store revenue, but the final regulatory and legal outcome remains uncertain. Apple proposes external purchase commission
- Neutral Sentiment: Apple’s valuation remains demanding, with a market capitalization near $4.5 trillion and a forward earnings outlook that leaves the stock sensitive to execution. An insider sale by SVP Jennifer Newstead was disclosed, though such transactions do not necessarily indicate a change in corporate fundamentals. Apple insider sale
- Negative Sentiment: Jefferies downgraded Apple, citing concerns about the canceled or delayed all-glass iPhone concept, limited near-term AI momentum and rising memory-chip costs. Higher component prices could pressure margins and make it harder for Apple to justify its premium valuation. Jefferies Apple downgrade and iPhone concerns
- Negative Sentiment: Google’s Pixel 11 is placing Gemini more deeply into the smartphone experience, raising the competitive stakes for Apple ahead of the iPhone 18 launch and Siri’s broader overhaul.
Insider Activity
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Monness Crespi & Hardt lifted their price target on shares of Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. UBS Group restated a “neutral” rating on shares of Apple in a research note on Friday, July 31st. Barclays reaffirmed an “underweight” rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a report on Friday, July 31st. Weiss Ratings upgraded Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $400.00 target price on shares of Apple in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $328.60.
Get Our Latest Research Report on Apple
Apple Trading Up 0.2%
Shares of Apple stock opened at $305.93 on Friday. Apple Inc. has a 1 year low of $223.78 and a 1 year high of $344.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market capitalization of $4.46 trillion, a P/E ratio of 35.08, a PEG ratio of 2.62 and a beta of 1.09. The company’s fifty day moving average is $308.98 and its two-hundred day moving average is $285.19.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. Analysts forecast that Apple Inc. will post 8.76 earnings per share for the current year.
Apple Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio (DPR) is 12.39%.
Apple Profile
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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