25,271 Shares in Apple Inc. $AAPL Purchased by Sandro Wealth Management LLC

Key Points

• Sandro Wealth Management LLC acquired 25,271 Apple shares during the second quarter, worth approximately $7.3 million. Apple now represents 5.3% of the firm’s portfolio and is its third-largest holding.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst estimates, while revenue increased 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and a $334.91 price target, though risks include Apple’s premium valuation, rising component costs, margin pressure and strong competition.

Sandro Wealth Management LLC acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,271 shares of the iPhone maker's stock, valued at approximately $7,312,000. Apple comprises about 5.3% of Sandro Wealth Management LLC's portfolio, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lifetime Wealth Management P.C. purchased a new stake in shares of Apple in the 4th quarter valued at about $41,000. ROSS JOHNSON & Associates LLC grew its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares in the last quarter. Timmons Wealth Management LLC purchased a new position in shares of Apple during the fourth quarter worth about $69,000. LSV Asset Management bought a new position in shares of Apple in the fourth quarter worth approximately $65,000. Finally, Inspire Investing LLC bought a new position in shares of Apple in the fourth quarter worth approximately $76,000. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of AAPL opened at $332.27 on Monday. The firm has a market cap of $4.85 trillion, a PE ratio of 38.10, a P/E/G ratio of 2.89 and a beta of 1.08. 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 firm has a fifty day simple moving average of $318.20 and a two-hundred day simple moving average of $292.63. Apple Inc. has a 1-year low of $229.02 and a 1-year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) 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 period in the prior year, the company posted $1.57 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

AAPL has been the subject of several research reports. Wells Fargo & Company reiterated an "overweight" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Robert W. Baird raised their price target on Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. KGI Securities downgraded Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective for the company. in a research report on Monday, June 22nd. Royal Bank Of Canada set a $365.00 target price on shares of Apple in a research note on Wednesday, July 15th. Finally, Maxim Group reaffirmed a "buy" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $334.91.

Insider Buying and Selling at Apple

In related news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,310 shares of company stock valued at $2,279,378. 0.06% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple’s $1,999 foldable iPhone, scheduled to arrive October 23, could drive upgrades, deepen ecosystem engagement and add a high-margin premium product category. Some analysts believe foldables could eventually account for 10% to 20% of iPhone revenue. How Wall Street viewed Apple's foldable iPhone
• Positive Sentiment: Analysts see renewed hardware momentum. Alongside the Duo, Apple unveiled the iPhone 18 Pro lineup, new Apple Watch models, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 target, supporting the bullish reaction. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions could reduce sticker-price resistance. T-Mobile, AT&T and Verizon are offering installment and trade-in incentives for the expensive Duo, potentially broadening access without an immediate industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America retained a Buy rating but lowered its price target to $370, while Rosenblatt kept a Neutral rating and $303 target. The debate centers on Duo demand, supply constraints, valuation and the durability of the upgrade cycle.
• Negative Sentiment: Margin pressure remains the main risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Management has already guided to lower gross margins, raising concerns that pricing may not fully offset higher costs. Apple margin pressure from memory costs
• Negative Sentiment: Premium valuation and competition limit upside. Apple trades near the upper end of its historical earnings multiple, while Huawei, Xiaomi and Samsung remain strong competitors in China and the foldable market.
• Negative Sentiment: Insider selling is a modest cautionary signal. SVP Jennifer Newstead sold approximately $456,000 of stock, reducing her direct holdings by about 4%, although she retains a substantial position.

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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