67,800 Shares in Apple Inc. $AAPL Purchased by Allied Private Wealth LLC

Key Points

• Allied Private Wealth LLC purchased 67,800 Apple shares worth approximately $21.25 million in the second quarter, making Apple its largest portfolio holding at 13.5% of assets.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, surpassing analyst estimates, while revenue rose 16.4% year over year. Institutional investors collectively own 67.73% of the company.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $330.53, though some firms recently downgraded the stock and Apple faces pressure from EU App Store fee changes and ongoing AI execution challenges.

Allied Private Wealth LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,800 shares of the iPhone maker's stock, valued at approximately $21,248,000. Apple comprises 13.5% of Allied Private Wealth LLC's investment portfolio, making the stock its largest position.

Other hedge funds have also recently bought and sold shares of the company. Evansbrook LLC grew its position in shares of Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. raised its position in shares of Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after acquiring an additional 35 shares in the last quarter. Reyes Financial Architecture Inc. raised its position in shares of Apple by 0.4% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after acquiring an additional 37 shares in the last quarter. Interactive Financial Advisors Inc. lifted its stake in Apple by 4.0% during the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after purchasing an additional 40 shares during the last quarter. Finally, Sugar Maple Asset Management LLC lifted its stake in Apple by 2.0% during the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock worth $515,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s restrained infrastructure spending is increasingly viewed as an advantage while other large technology companies spend heavily on AI data centers. Investors appear to be rewarding the prospect of strong AI-related products without comparable capital-investment pressure. Apple Rises as Investors Flee the AI Spending Arms Race
• Positive Sentiment: Recent coverage highlighted Apple’s record quarterly performance, including earnings and revenue above analyst expectations. The results reinforce the company’s financial momentum and provide support for the stock. Q2 Earnings Season Winds Down: 3 Companies That Broke Records
• Positive Sentiment: Reports of a premium foldable iPhone expected in early September, along with a possible iPhone 18 cycle, are boosting expectations for a meaningful product refresh and higher average selling prices. However, memory shortages could also raise the device’s cost and weigh on demand. Apple to launch $2,000-plus foldable iPhone Ultra
• Positive Sentiment: Apple is reportedly developing a China-specific large language model with Alibaba’s support, potentially improving its ability to offer AI services in a strategically important market. Apple’s China AI Strategy
• Neutral Sentiment: Apple is cutting more than 200 positions in Siri, Vision Pro and related teams to redirect resources toward AI, smart glasses and other hardware. The move may improve long-term focus but also underscores weak Vision Pro traction and delays in Apple’s AI execution. Apple Cuts 200 Jobs in Siri and Vision Pro
• Negative Sentiment: Apple’s revised European App Store terms reduce its standard commission from 30% to 26% and set a 5% fee for alternative app-store transactions. While the changes could ease regulatory conflict, they pressure high-margin services revenue and reflect continuing EU scrutiny. Apple Cut Its Standard EU App Store Commission
• Negative Sentiment: Reports that Apple may source memory chips from China’s CXMT highlight ongoing supply constraints and could weaken the position of existing suppliers. For Apple, the move may lower costs, but it also introduces geopolitical, qualification and supply-chain risks. Memory Stocks Slide on Report Apple May Source Chinese Chips

Apple Price Performance

Shares of NASDAQ AAPL opened at $310.34 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market capitalization of $4.53 trillion, a PE ratio of 35.59, a P/E/G ratio of 2.65 and a beta of 1.09. Apple Inc. has a 1-year low of $224.69 and a 1-year high of $344.57. The business's fifty day moving average price is $310.91 and its two-hundred day moving average price is $287.45.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly 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. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. On average, research analysts expect that Apple Inc. will post 8.76 EPS for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

AAPL has been the subject of several recent research reports. Phillip Securities lowered shares of Apple from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 3rd. Evercore restated an "outperform" rating on shares of Apple in a research report on Wednesday, July 8th. Seaport Research Partners lowered shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Tigress Financial reaffirmed a "strong-buy" rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Finally, Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the stock a "buy" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average price target of $330.53.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total value of $442,478.11. Following the sale, the senior vice president owned 38,668 shares in the company, valued at approximately $11,890,023.32. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 2,994 shares of company stock valued at $919,567 over the last three months. 0.06% of the stock is currently owned by company insiders.

Apple Profile

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source