19,764 Shares of Apple Inc. $AAPL Acquired by Shah Wealth Advisors LLC

Key Points

• Shah Wealth Advisors LLC acquired 19,764 Apple shares during the second quarter, valued at approximately $5.7 million. Apple now represents about 1.3% of the firm’s portfolio, while institutional investors and hedge funds collectively own 67.73% of AAPL.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations; revenue increased 16.4% year over year.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $340.02 price target, though concerns include Apple’s elevated valuation, softer iPhone pricing and rising memory-chip costs that could pressure margins.

Shah Wealth Advisors LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,764 shares of the iPhone maker's stock, valued at approximately $5,719,000. Apple makes up approximately 1.3% of Shah Wealth Advisors LLC's investment portfolio, making the stock its 19th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. William John Sempolinski acquired a new stake in Apple in the second quarter worth $22,151,000. Arbor Wealth Management LLC AZ bought a new position in shares of Apple during the 2nd quarter worth about $231,000. Succession Financial Inc. acquired a new position in Apple during the 2nd quarter worth approximately $930,000. MW Advisory LLC acquired a new position in shares of Apple during the second quarter worth approximately $7,914,000. Finally, Maloon Powers Pitre Higgins & Dennehy LLC bought a new position in shares of Apple in the 2nd quarter worth $36,844,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly partnering with LG Electronics to develop a smart-home lineup including a doorbell, smart lock, thermostat and other accessories tied to a new Apple home hub. The initiative could expand the HomeKit ecosystem, create new hardware and services revenue, and intensify competition with Amazon’s Ring and Google’s Nest. Apple partners with LG on smart-home devices
• Positive Sentiment: Apple’s App Store revenue growth reportedly rebounded to 5% in September after a weaker August. Continued Services momentum supports the company’s recurring-revenue profile, though investors are watching whether the improvement proves durable. Apple App Store growth rebounds
• Neutral Sentiment: CEO John Ternus sold 25,412 shares worth about $8.5 million to cover tax withholding tied to equity vesting. Because the transaction was tax-related rather than described as discretionary selling, it is unlikely to materially change the investment case, though it may create short-term headline pressure. Apple CEO stock sale
• Negative Sentiment: Morgan Stanley lowered its Apple price target to $355 despite raising revenue forecasts, citing softer iPhone pricing and higher memory-chip costs that could compress gross margins. The target is only modestly above recent trading levels, limiting perceived upside. Morgan Stanley cuts Apple price target
• Negative Sentiment: Several valuation comparisons highlight that investors pay substantially more for each dollar of Apple’s earnings than for Nvidia’s, despite Nvidia’s stronger recent profitability. With AAPL trading at an elevated earnings multiple, the stock may require sustained iPhone, Services and AI growth to justify its premium. Nvidia versus Apple valuation comparison

Apple Stock Performance

Shares of AAPL stock opened at $336.67 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a 50-day moving average of $321.92 and a 200-day moving average of $302.11. Apple Inc. has a one year low of $243.42 and a one year high of $345.34. The company has a market cap of $4.91 trillion, a P/E ratio of 38.61, a P/E/G ratio of 2.66 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the company earned $1.57 earnings per share. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 8.75 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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is presently 12.39%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. Bank of America restated a "buy" rating and set a $370.00 price objective on shares of Apple in a report on Wednesday, September 23rd. Robert W. Baird lifted their price objective on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Oppenheimer reissued a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. TD Cowen restated a "buy" rating and issued a $400.00 target price on shares of Apple in a report on Thursday, September 10th. Finally, Seaport Research Partners lowered Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.02.

Insiders Place Their Bets

In related news, CEO John Ternus sold 25,412 shares of Apple stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy D. Cook sold 191,753 shares of the business's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the transaction, the insider directly owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This represents a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 276,984 shares of company stock worth $92,116,025 over the last 90 days. 0.06% of the stock is currently 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 best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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.