Running Point Capital Advisors LLC Purchases 1,570 Shares of Apple Inc. (NASDAQ: AAPL)

2 min read | January 31, 2025 02:08 AM PST | By Team Kalkine Media

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Running Point Capital Advisors LLC Purchases 1,570 Shares of Apple Inc. (NASDAQ: AAPL)

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Highlights

Running Point Capital Advisors LLC increases its holdings in Apple by 11.2% during the third quarter.

Numerous institutional investors and hedge funds have significantly increased their Apple shares recently.

Apple stock is widely held by institutional investors, accounting for 67.73% of its ownership.

Apple Inc. (NASDAQ:AAPL) continues to attract significant interest from institutional investors. In the latest developments, Running Point Capital Advisors LLC has increased its holdings in Apple by 11.2% during the third quarter. This growth was highlighted in the company's most recent Form 13F filing with the Securities and Exchange Commission (SEC). Following the acquisition of an additional 1,570 shares, Running Point Capital Advisors now owns 15,646 shares of Apple, making it the 22nd largest holding in their investment portfolio, valued at $3,645,000.

Similarly, other prominent hedge funds and institutional investors have made notable changes to their Apple positions. International Assets Investment Management LLC dramatically increased its stake in Apple, acquiring an additional 93,886,664 shares during the last quarter, ultimately owning 94,347,510 shares valued at $219,829,700,000. This marks an impressive growth of more than 20,000%. Additionally, Strategic Financial Concepts LLC and Pathway Financial Advisers LLC have also shown substantial interest, with each firm increasing their holdings by over 14,000% and 22,000%, respectively.

In the third quarter alone, National Pension Service increased its holdings by 14.0%, now holding 27,882,996 shares worth $6,496,738,000. The collective efforts of these and other institutional investors currently account for 67.73% ownership of Apple's stock, indicating a strong institutional belief in the company's future performance.

Moreover, Apple has announced a quarterly dividend, reflecting a commitment to returning value to shareholders. The dividend yield stands at 0.42%, with a payout ratio of 16.45%. Meanwhile, insider trading activities involving company leaders such as COO Jeffrey E. Williams display a continued reallocation of shares, potentially indicating strategic long-term positioning.

Moving forward, institutional investor interest in Apple suggests a steady confidence in the tech giant's ability to maintain its market leadership. With its diversified product portfolio including smartphones, personal computers, tablets, and wearables, Apple remains a pivotal player in the technology sector.

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