31,552 Shares of Apple Inc. $AAPL Purchased by E Wealth Partners LLC

Key Points

• E Wealth Partners LLC acquired 31,552 Apple shares worth approximately $9.13 million, making Apple its fourth-largest holding and representing 6.6% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple recently delivered better-than-expected quarterly results, with revenue up 16.4% year over year and EPS of $2.02 versus the $1.89 consensus estimate. Analysts maintain a “Moderate Buy” consensus rating with a $340.14 average price target.
• Apple shares opened at $329.40 after falling 2.7%, while investors weigh potential product and organizational changes against risks from rising memory costs, AI competition, legal challenges and recent insider selling.

E Wealth Partners LLC acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,552 shares of the iPhone maker's stock, valued at approximately $9,130,000. Apple accounts for 6.6% of E Wealth Partners LLC's investment portfolio, making the stock its 4th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc purchased a new position in Apple during the second quarter valued at $65,950,297,000. Bank of America Corp DE purchased a new stake in Apple in the second quarter worth about $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple in the second quarter worth about $30,443,242,000. Nuveen LLC raised its stake in shares of Apple by 3.8% in the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after buying an additional 2,725,121 shares during the period. Finally, Amundi lifted its position in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after buying an additional 13,780,080 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94. Following the sale, the senior vice president owned 44,391 shares in the company, valued at approximately $15,095,603.46. This represents a 5.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 11,031 shares of company stock worth $3,535,759. Insiders own 0.06% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO John Ternus is reportedly considering a leaner, engineering-led structure that could eliminate layers of middle management, accelerate product launches and make Apple more experimental. Investors may view the changes as a response to concerns about slower innovation, particularly in artificial intelligence. Apple CEO overhaul report
• Positive Sentiment: Apple Pay is reportedly launching in a key market, potentially expanding transaction volume and services revenue. Separately, Apple remains a major customer for TSMC’s advanced 2-nanometer chips, supporting future device performance and product differentiation. Apple Pay launch report
• Neutral Sentiment: Apple’s large buyback program remains a relative strength among the Magnificent Seven, although the immediate effect is financial support rather than a new growth catalyst. Apple and Nvidia buybacks
• Negative Sentiment: Bank of America warned that Meta’s Muse could change how consumers search, shop and initiate payments. Even if users continue buying iPhones, AI agents could divert discovery and referral activity away from Apple’s ecosystem, putting pressure on services growth and Apple’s AI strategy. Apple faces threat from Meta Muse
• Negative Sentiment: Reports that Ternus may plan layoffs as memory-chip costs rise raise concerns about gross-margin pressure and slower near-term earnings growth. Apple has already indicated that higher memory expenses could reduce profit per device.
• Negative Sentiment: Apple also faces legal and operational overhangs, including a $5.7 billion patent verdict, a revived UK consumer lawsuit involving Amazon marketplace sales, and an emergency iOS security update addressing a flaw that could enable arbitrary code execution. Apple patent verdict

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent research reports. TD Cowen reiterated a "buy" rating and set a $400.00 price objective on shares of Apple in a research note on Thursday, September 10th. Loop Capital set a $380.00 price target on shares of Apple in a report on Friday, September 18th. UBS Group reiterated a "buy" rating on shares of Apple in a research report on Thursday, September 17th. Citigroup reissued a "buy" rating on shares of Apple in a research note on Thursday, September 10th. Finally, Oppenheimer restated a "market perform" rating on shares of Apple in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.14.

Apple Trading Down 2.7%

AAPL stock opened at $329.40 on Wednesday. The firm has a fifty day moving average price of $321.83 and a 200 day moving average price of $298.67. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The firm has a market cap of $4.81 trillion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last announced its 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. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the prior year, the company earned $1.57 EPS. The business's revenue was up 16.4% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

About Apple

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.

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