159,436 Shares in Apple Inc. $AAPL Acquired by Evolve Private Wealth LLC

Key Points

• Evolve Private Wealth LLC acquired 159,436 Apple shares worth approximately $46.1 million, making Apple its fifth-largest holding and representing 2.8% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple reported strong quarterly results, with EPS of $2.02 exceeding estimates and revenue rising 16.4% year over year to $109.42 billion. The company also maintains a $0.27 quarterly dividend, equivalent to a 0.3% yield.
• Analysts remain broadly positive, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $340.14; recent targets range as high as $400. The stock opened at $337.02, near its 52-week high of $345.34.

Evolve Private Wealth LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 159,436 shares of the iPhone maker's stock, valued at approximately $46,134,000. Apple accounts for about 2.8% of Evolve Private Wealth LLC's investment portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC bought a new stake in shares of Apple in the second quarter worth about $30,000. Lifetime Wealth Management P.C. bought a new position in Apple during the 4th quarter valued at approximately $41,000. Ascentis Wealth Management LLC lifted its holdings in Apple by 822.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after buying an additional 260,792 shares during the period. Basso Capital Management L.P. purchased a new stake in Apple in the 4th quarter worth approximately $88,000. Finally, Bard Associates Inc. bought a new stake in shares of Apple in the 4th quarter worth approximately $109,000. Institutional investors own 67.73% of the company's stock.

Apple Stock Down 0.8%

NASDAQ:AAPL opened at $337.02 on Thursday. The firm's 50-day moving average price is $321.36 and its 200-day moving average price is $296.51. The company has a market capitalization of $4.92 trillion, a PE ratio of 38.65, a P/E/G ratio of 2.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34.

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 (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 company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same period last year, the company posted $1.57 EPS. Apple's revenue was up 16.4% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal 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 issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is presently 12.39%.

Trending Headlines about Apple

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 Activity

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 stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the sale, the senior vice president directly owned 35,790 shares of the company's stock, valued at $11,345,787.90. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 8,632 shares of company stock worth $2,719,955 in the last ninety days. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of recent analyst reports. Rothschild & Co Redburn set a $400.00 target price on Apple and gave the company a "buy" rating in a report on Monday, August 17th. Rosenblatt Securities reissued a "neutral" rating and set a $303.00 price objective on shares of Apple in a research report on Thursday, September 10th. 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. Piper Sandler started coverage on shares of Apple in a research note on Monday, August 17th. They set an "overweight" rating on the stock. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $340.14.

Apple Company 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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