74,145 Shares in Apple Inc. $AAPL Bought by Papamarkou Wellner Asset Management inc.

Key Points

• Papamarkou Wellner Asset Management acquired 74,145 Apple shares worth approximately $18.8 million, making Apple its second-largest holding at 4% of the portfolio. Institutional investors and hedge funds own 67.73% of Apple.
• Apple insiders have been net sellers, with executives selling 11,031 shares worth about $3.5 million over the past three months; insiders own just 0.06% of the stock.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $340.14 price target. Apple recently reported 16.4% year-over-year revenue growth and earnings above expectations, though shares were trading down 2.7% amid concerns over AI competition, rising component costs and legal risks.

Papamarkou Wellner Asset Management inc. bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 74,145 shares of the iPhone maker's stock, valued at approximately $18,817,000. Apple makes up 4.0% of Papamarkou Wellner Asset Management inc.'s portfolio, making the stock its 2nd biggest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Avenir Tech Ltd acquired a new stake in Apple in the second quarter valued at approximately $29,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Apple during the second quarter worth $30,000. Lifetime Wealth Management P.C. acquired a new position in shares of Apple during the fourth quarter worth $41,000. Ascentis Wealth Management LLC boosted its stake in shares of Apple by 822.7% in the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock valued at $85,000 after purchasing an additional 260,792 shares during the period. Finally, Basso Capital Management L.P. acquired a new stake in Apple during the 4th quarter valued at $88,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In related 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 value of $815,803.94. Following the completion of the sale, the senior vice president owned 44,391 shares of the company's stock, valued at approximately $15,095,603.46. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 11,031 shares of company stock worth $3,535,759. 0.06% of the stock is owned by company insiders.

Apple News Summary

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AAPL shares. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Apple in a research note on Monday, September 21st. Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Bank of America reiterated a "buy" rating and issued a $370.00 price target on shares of Apple in a report on Wednesday, September 23rd. Moffett Nathanson reissued a "neutral" rating and set a $304.00 price target (up from $270.00) on shares of Apple in a report on Tuesday, September 8th. Finally, Barclays reaffirmed an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research note on Friday, July 31st. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $340.14.

Apple Trading Down 2.7%

Shares of NASDAQ AAPL opened at $329.40 on Wednesday. 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 Inc. has a 12 month low of $243.42 and a 12 month high of $345.34. The company has a market cap of $4.81 trillion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 2.94 and a beta of 1.08. The business has a fifty day simple moving average of $321.83 and a 200-day simple moving average of $298.67.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the prior year, the company earned $1.57 earnings per share. The company's revenue for the quarter was up 16.4% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Apple Company 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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