Wed Sep 25 07:08:55 UTC 2024: ## Apple Stock Sees Increased Interest from Institutional Investors

**New York, NY – September 25, 2024** – Apple Inc. (AAPL) continues to be a popular choice among institutional investors, with several funds increasing their holdings in the company during the second quarter.

Inlet Private Wealth LLC, the largest holder of Apple stock in its portfolio, boosted its stake by 0.2%, adding 144 shares to its holdings, totaling 89,853 shares worth $18,925,000. This demonstrates continued confidence in the company’s future performance.

Other notable investors who increased their positions in Apple include:

* **Moss Adams Wealth Advisors LLC** (up 1.3%)
* **American National Bank** (up 2.2%)
* **Madison Park Capital Advisors LLC** (up 1.1%)
* **NewSquare Capital LLC** (up 4.9%)
* **Horst & Graben Wealth Management LLC** (up 8.2%)

Overall, hedge funds and other institutional investors now own 60.41% of Apple’s outstanding shares.

Apple’s stock opened at $227.37 on Wednesday, with the company’s current ratio standing at 0.95, a quick ratio of 0.91, and a debt-to-equity ratio of 1.29. The company’s market capitalization sits at a staggering $3.49 trillion.

Apple recently declared a quarterly dividend of $0.25 per share, payable on August 15th. This represents an annualized dividend of $1.00 and a yield of 0.44%.

Analysts remain optimistic about Apple’s future prospects, with the majority of analysts rating the stock as a “buy.” The stock has an average rating of “Moderate Buy” and an average price target of $239.17, according to MarketBeat.com.

Recent insider transactions include Chris Kondo’s sale of 5,178 shares and Katherine L. Adams’ sale of 100,000 shares. Overall, insiders sold 113,884 shares of company stock valued at $23,723,887 over the past 90 days.

Apple Inc. remains a dominant player in the technology sector, designing, manufacturing, and marketing a wide range of products, including iPhones, Macs, iPads, wearables, and accessories. The company’s continued success is likely to attract further investment from institutional investors seeking a slice of the Apple pie.

Read More