3,825 Shares of Apple Inc. $AAPL Bought by Lifetime Wealth Management P.C.

Key Points

• Lifetime Wealth Management P.C. purchased 3,825 Apple shares in the second quarter, valued at approximately $1.1 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Analysts maintain a generally positive outlook, with Apple receiving a consensus “Moderate Buy” rating and an average price target of $340.14.
• Apple reported quarterly EPS of $2.02, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also declared a quarterly dividend of $0.27 per share, representing a 0.3% yield.

Lifetime Wealth Management P.C. bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,825 shares of the iPhone maker's stock, valued at approximately $1,107,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avenir Tech Ltd purchased a new stake in shares of Apple during the 2nd quarter worth approximately $29,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Apple in the 2nd quarter valued at $30,000. Ascentis Wealth Management LLC raised its stake in Apple by 822.7% during the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after acquiring an additional 260,792 shares in the last quarter. Basso Capital Management L.P. acquired a new stake in Apple during the 4th quarter worth $88,000. Finally, Bard Associates Inc. purchased a new stake in Apple in the fourth quarter valued at $109,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the company a "buy" rating in a research note on Monday, August 17th. Bank of America reissued a "buy" rating and issued a $370.00 target price on shares of Apple in a report on Wednesday, September 23rd. The Goldman Sachs Group began coverage on Apple in a research report on Monday, August 17th. They issued a "buy" rating for the company. Loop Capital set a $380.00 price target on Apple in a research note on Friday, September 18th. Finally, Moffett Nathanson reaffirmed a "neutral" rating and set a $304.00 price target (up from $270.00) on shares of Apple in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Apple Stock Performance

NASDAQ AAPL opened at $329.40 on Wednesday. The firm has a market cap of $4.81 trillion, a P/E ratio of 37.78, a P/E/G ratio of 2.94 and a beta of 1.08. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34. The business's 50-day moving average price is $321.83 and its 200 day moving average price is $298.67. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

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

Apple Dividend Announcement

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

Insider Activity

In other news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 44,391 shares in the company, valued at $15,095,603.46. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 11,031 shares of company stock valued at $3,535,759 over the last quarter. Insiders own 0.06% of the company's stock.

More Apple News

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

Apple 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.

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