49 Wealth Management LLC Buys 19,837 Shares of Apple Inc. $AAPL

Key Points

• 49 Wealth Management LLC purchased 19,837 Apple shares worth approximately $5.74 million in the second quarter, making Apple its 19th-largest holding and about 0.7% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02, exceeding the $1.89 analyst consensus, while revenue rose 16.4% year over year to $109.42 billion. The company also declared a quarterly dividend of $0.27 per share, or $1.08 annualized.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $340.14, though Apple faces concerns including AI competition, potential margin pressure from higher memory costs, insider selling and ongoing legal challenges.

49 Wealth Management LLC purchased 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 (SEC). The firm purchased 19,837 shares of the iPhone maker's stock, valued at approximately $5,740,000. Apple makes up about 0.7% of 49 Wealth Management LLC's holdings, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Avenir Tech Ltd purchased a new position in shares of Apple in the 2nd quarter worth about $29,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Apple in the 2nd quarter valued at about $30,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Apple during the 4th quarter worth about $41,000. ABS Investment Management LLC acquired a new stake in Apple during the 2nd quarter worth approximately $376,168,000. Finally, Basso Capital Management L.P. acquired a new stake in Apple during the 4th quarter worth approximately $88,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 2.7%

Shares of Apple stock opened at $329.40 on Wednesday. The business has a 50-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 P/E ratio of 37.78, a P/E/G ratio of 2.94 and a beta of 1.08. 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 announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating 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 business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared 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 was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio is currently 12.39%.

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

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the business'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 transaction, the senior vice president directly owned 44,391 shares in the company, valued at approximately $15,095,603.46. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 11,031 shares of company stock worth $3,535,759 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on AAPL shares. Citigroup reaffirmed a "buy" rating on shares of Apple in a research report on Thursday, September 10th. Piper Sandler assumed coverage on shares of Apple in a research report on Monday, August 17th. They issued an "overweight" rating for the company. The Goldman Sachs Group assumed coverage on shares of Apple in a report on Monday, August 17th. They set a "buy" rating on the stock. Morgan Stanley reiterated an "overweight" rating and set a $360.00 target price on shares of Apple in a report on Tuesday. Finally, Barclays restated an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $340.14.

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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