5,601 Shares in Apple Inc. $AAPL Bought by Welch Capital Partners LLC NY

Key Points

• Welch Capital Partners LLC NY acquired 5,601 Apple shares worth approximately $1.62 million, while other institutional investors also increased or initiated positions. Institutions and hedge funds now own 67.73% of Apple’s stock.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations, with revenue up 16.4% year over year. The company also maintains a quarterly dividend of $0.27 per share, yielding about 0.3% annually.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $340.14 target price; however, insiders have sold 8,632 shares worth roughly $2.72 million over the past 90 days.

Welch Capital Partners LLC NY acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,601 shares of the iPhone maker's stock, valued at approximately $1,621,000. Apple makes up about 0.3% of Welch Capital Partners LLC NY's investment portfolio, making the stock its 11th largest holding.

Several other institutional investors have also modified their holdings of AAPL. Hudson Portfolio Management LLC increased its stake in shares of Apple by 8.1% during the second quarter. Hudson Portfolio Management LLC now owns 9,289 shares of the iPhone maker's stock worth $2,688,000 after purchasing an additional 696 shares in the last quarter. Compass Financial Management LLC purchased a new position in Apple in the 2nd quarter valued at about $25,894,000. Elevation Point Wealth Partners LLC acquired a new stake in Apple in the 2nd quarter worth about $169,902,000. Greenland Capital Management LP acquired a new stake in Apple in the 2nd quarter worth about $1,248,000. Finally, Alta Advisers Ltd purchased a new stake in Apple during the 2nd quarter worth approximately $16,716,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the completion of the sale, the senior vice president directly owned 35,790 shares in the company, valued at $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 8,632 shares of company stock worth $2,719,955 over the last ninety days. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

Apple stock opened at $337.02 on Thursday. The firm has a 50 day simple moving average of $321.36 and a 200-day simple moving average of $296.51. The stock has a market cap of $4.92 trillion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 earnings per share. On average, analysts expect 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 $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 yield of 0.3%. Apple's dividend payout ratio is presently 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reaffirmed its Buy rating and assigned a $370 price target, implying further upside. The firm highlighted improving iPhone 18 Pro Max availability trends, while premium demand remains relatively resilient. BofA Sends Stark Message to Apple Stock Investors on iPhone 18
• Positive Sentiment: Apple’s new M6 Mac mini and M5 Mac Studio are being marketed as lower-cost alternatives to cloud-based AI infrastructure, potentially expanding Apple’s enterprise opportunity. Their ability to run large AI models locally could create a new hardware growth driver. With new Macs, Apple aims to take on Microsoft and Nvidia
• Positive Sentiment: Reports that Apple is developing a screenless fitness tracker to compete with Whoop and Oura point to potential long-term expansion in health and wearables, although a launch may not occur until 2028. Apple could take on Whoop with a new fitness tracker

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AAPL shares. Daiwa Securities Group raised their target price on Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Weiss Ratings downgraded shares of Apple from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. Raymond James Financial restated a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Citic Securities upped their price objective on shares of Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. One equities research 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.com, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.

About Apple

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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