76,936 Shares in Apple Inc. $AAPL Acquired by TRB Wealth Management LLC

Key Points

• TRB Wealth Management bought 76,936 Apple shares worth approximately $22.3 million, making Apple its seventh-largest portfolio holding at about 3% of assets.
• Institutional investors own 67.73% of Apple, with several major firms—including Amundi, Nuveen and Fisher Asset Management—recently increasing their positions.
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, beating estimates and marking 16.4% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus with an average price target of $340.14.

TRB Wealth Management LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 76,936 shares of the iPhone maker's stock, valued at approximately $22,262,000. Apple accounts for about 3.0% of TRB Wealth Management LLC's investment portfolio, making the stock its 7th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Nuveen LLC raised its holdings in Apple by 3.8% during the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock valued at $20,389,750,000 after buying an additional 2,725,121 shares during the last quarter. Amundi grew its holdings in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Apple by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker's stock worth $14,992,196,000 after acquiring an additional 704,293 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Apple by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock valued at $14,858,200,000 after acquiring an additional 979,832 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Apple in the second quarter valued at about $13,658,359,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the sale, the senior vice president owned 35,790 shares in the company, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders 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 Up 0.2%

AAPL stock opened at $339.75 on Wednesday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The company has a market capitalization of $4.96 trillion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 2.94 and a beta of 1.08. The business's 50 day moving average price is $321.17 and its two-hundred day moving average price is $295.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 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 analysts' expectations of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone momentum: Investor enthusiasm remains high following Apple’s introduction of the approximately $1,999 iPhone Duo, which represents the company’s biggest iPhone design change in years. Early interest and strong iPhone 18 Pro preorder lead times have reinforced expectations for an upgrade cycle and potentially higher revenue. Apple Folds & Meta Muses
• Positive Sentiment: AI-focused Macs: New Mac mini and Mac Studio systems are being marketed as a lower-cost alternative to cloud data-center computing because businesses can run AI models locally without recurring per-token charges. The strategy could support Mac demand and broaden Apple’s role in enterprise AI, even as Nvidia remains dominant in large-scale infrastructure. With new Macs, Apple aims to take on Microsoft, Nvidia in a rush to lower AI costs
• Positive Sentiment: Wearables expansion: Apple is reportedly developing a screenless fitness tracker to compete with Whoop and Oura. A lower-priced, health-focused wearable could expand Apple’s addressable market and generate additional services revenue, although the product may not launch until as early as 2028. Apple Considers Screenless Fitness Tracker to Expand Wearable Lineup Beyond Smartwatches
• Positive Sentiment: Services and international growth: Apple plans to launch Apple Pay in India next month, initially with Axis Bank, while hiring in digital assets could support future payments and tokenization initiatives. These efforts add to the company’s recurring-revenue ecosystem.
• Neutral Sentiment: Valuation and technical backdrop: Apple’s record run and roughly 39-times earnings multiple are attracting profit-taking concerns, but analysts continue to cite earnings beats, strong cash generation, and improving product momentum. The stock is trading near its 52-week high and close to technical breakout levels.
• Negative Sentiment: Legal and geopolitical risks: Apple is opening claims under a $250 million settlement related to alleged misleading Apple Intelligence advertising. Separately, pressure on the new CEO to reconsider Chinese chip sourcing highlights supply-chain and U.S.-China trade risks.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AAPL. The Goldman Sachs Group began coverage on shares of Apple in a report on Monday, August 17th. They set a "buy" rating for the company. Robert W. Baird upped their price target on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. TD Cowen reiterated a "buy" rating and issued a $400.00 price objective on shares of Apple in a research report on Thursday, September 10th. Wedbush reissued an "outperform" rating and set a $400.00 target price on shares of Apple in a research note on Friday, June 5th. Finally, Citic Securities raised their price target on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average 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 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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