19,311 Shares in Apple Inc. $AAPL Acquired by Wealthspan Partners LLC

Key Points

• Wealthspan Partners acquired 19,311 Apple shares during the second quarter, valued at approximately $5.6 million. Apple now represents 1.8% of the firm’s portfolio, while institutional investors and hedge funds collectively own 67.73% of AAPL.
• Analysts remain generally bullish, citing potential growth from the iPhone 18 cycle and Apple’s first foldable iPhone, with the stock holding a “Moderate Buy” consensus rating and an average price target of $338.80.
• Apple reported quarterly revenue of $109.42 billion and EPS of $2.02, exceeding estimates, but investors face valuation and margin risks from the stock’s premium multiple, higher memory costs and mixed iPhone 18 Pro pre-order signals.

Wealthspan Partners LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,311 shares of the iPhone maker's stock, valued at approximately $5,588,000. Apple makes up 1.8% of Wealthspan Partners LLC's investment portfolio, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Prospect Hill Management LLC purchased a new stake in Apple in the second quarter valued at approximately $146,370,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Apple in the 2nd quarter valued at $168,646,000. Baron Silver Stevens Financial Advisors LLC increased its holdings in shares of Apple by 65.6% in the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 66,717 shares of the iPhone maker's stock valued at $19,305,000 after acquiring an additional 26,418 shares during the period. Rainier Family Wealth Inc. raised its position in Apple by 14.1% in the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after purchasing an additional 3,014 shares during the last quarter. Finally, Eaton Cambridge Inc. boosted its stake in Apple by 21.3% during the 1st quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after purchasing an additional 2,450 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain bullish on the iPhone cycle. Bank of America reaffirmed its Buy rating and $370 price target, citing encouraging iPhone 18 trends and potential artificial-intelligence upside. JPMorgan also maintained a Buy rating, pointing to the longer-term opportunity from the iPhone 18 cycle and foldable Duo. Apple Buy Rating Reaffirmed
• Positive Sentiment: The iPhone Duo is fueling growth expectations. Analysts and industry observers believe Apple’s first foldable iPhone could expand the premium smartphone market, strengthen the product cycle and create a new source of revenue and earnings growth. Can New iPhone Duo Power Apple's Stock Higher?
• Positive Sentiment: Apple’s antitrust exposure has eased. Elon Musk’s X Corp. and SpaceXAI moved to resolve or dismiss their antitrust claims against Apple related to its ChatGPT integration, reducing one legal overhang, although related claims against OpenAI continue. Musk's X Corp and SpaceXAI Resolve Antitrust Lawsuit
• Neutral Sentiment: iPhone 18 Pro pre-orders are sending mixed signals. Delivery estimates are generally shorter than during last year’s iPhone 17 launch, which could indicate softer demand, but may also reflect supply improvements or customers waiting for the iPhone Duo. Apple iPhone 18 Pro Pre-orders Point to Mixed Demand Signals
• Neutral Sentiment: Apple released iOS 27 with a redesigned Siri. The update expands Apple’s AI capabilities, but the initial waitlist and support for existing devices could limit near-term iPhone replacement demand. Apple Releases Redesigned Siri AI
• Negative Sentiment: Valuation and cost risks remain. With Apple trading near its 52-week high at a premium earnings multiple, investors may demand strong Duo adoption. Reports of sharply higher memory prices could pressure hardware margins or force price increases, while OpenAI’s acquisition of an AI-camera startup founded by former Apple employees highlights intensifying competition in AI-enabled devices. Apple CEO Warns of Memory Price Crisis

Apple Stock Up 0.2%

AAPL opened at $333.08 on Tuesday. 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 cap of $4.86 trillion, a price-to-earnings ratio of 38.20, a PEG ratio of 2.89 and a beta of 1.08. Apple Inc. has a one year low of $235.03 and a one year high of $344.57. The business's fifty day moving average is $318.61 and its two-hundred day moving average is $293.06.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. 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 is currently 12.39%.

Analyst Ratings Changes

A number of research firms recently issued reports on AAPL. Barclays reissued an "underweight" rating and set a $245.00 price target (down from $253.00) on shares of Apple in a report on Friday, July 31st. Loop Capital cut their price target on Apple from $350.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. China Renaissance downgraded Apple from a "buy" rating to a "hold" rating and decreased their price target for the stock from $329.00 to $280.00 in a report on Tuesday, August 4th. Bank of America reiterated a "buy" rating and issued a $370.00 price objective (down from $380.00) on shares of Apple in a research report on Thursday. Finally, Phillip Securities boosted their price objective on shares of Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $338.80.

Insider Activity

In related news, SVP Jennifer Newstead sold 1,438 shares of Apple stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total transaction of $456,176.74. Following the completion of the sale, the senior vice president owned 34,352 shares in the company, valued at approximately $10,897,484.96. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 7,194 shares of company stock valued at $2,245,142 in the last quarter. 0.06% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.