13,190 Shares in Apple Inc. $AAPL Purchased by Smith Partners Wealth Management LLC

Key Points

• Smith Partners Wealth Management acquired 13,190 Apple shares worth approximately $3.8 million, making Apple 3% of its portfolio and its 10th-largest holding. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02, beating the $1.89 consensus, while revenue rose 16.4% year over year to $109.42 billion. The company also maintained its quarterly dividend at $0.27 per share.
• Wall Street remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $340.14, though analysts cite valuation, premium pricing and regulatory issues as risks.

Smith Partners Wealth Management LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,190 shares of the iPhone maker's stock, valued at approximately $3,817,000. Apple comprises 3.0% of Smith Partners Wealth Management LLC's investment portfolio, making the stock its 10th biggest position.

Several other hedge funds have also made changes to their positions in AAPL. Deutsche Bank AG purchased a new position in Apple in the second quarter worth approximately $13,658,359,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Apple in the second quarter valued at $10,588,946,000. Vanguard Group Inc. raised its position in Apple by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares during the period. Diamant Asset Management Inc. lifted its stake in shares of Apple by 24,974.3% in the 1st quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock valued at $6,754,449,000 after purchasing an additional 26,508,181 shares during the last quarter. Finally, Amundi lifted its stake in shares of Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Price Performance

AAPL stock opened at $336.13 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $4.91 trillion, a P/E ratio of 38.55, a PEG ratio of 2.93 and a beta of 1.08. The business has a 50 day simple moving average of $320.24 and a 200-day simple moving average of $294.69. Apple Inc. has a twelve month low of $240.21 and a twelve month high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping 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 firm had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the prior year, the business earned $1.57 EPS. Apple's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio is 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Insider Activity

In related news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was 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 $11,345,787.90. The trade was a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 8,632 shares of company stock worth $2,719,955 over the last 90 days. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent analyst reports. Moffett Nathanson reissued a "neutral" rating and set a $304.00 price objective (up from $270.00) on shares of Apple in a research report on Tuesday, September 8th. UBS Group reaffirmed a "buy" rating on shares of Apple in a research note on Thursday. Morgan Stanley reiterated an "overweight" rating and set a $360.00 price target on shares of Apple in a research report on Wednesday, September 2nd. HSBC reissued a "buy" rating and issued a $366.00 price target on shares of Apple in a research note on Tuesday, September 8th. Finally, Maxim Group upped their price objective on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $340.14.

Apple 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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