9,478 Shares in Apple Inc. $AAPL Bought by Johnson Wealth Management LLC

Key Points

• Johnson Wealth Management LLC bought 9,478 Apple shares worth approximately $2.74 million during the second quarter, making Apple its third-largest holding at 1.2% of the portfolio. Institutional investors collectively own 67.73% of Apple.
• Analysts remain broadly optimistic, citing the potential iPhone 18 cycle, AI improvements and a foldable iPhone Duo; Apple has a “Moderate Buy” consensus rating and an average price target of $338.80.
• Apple reported quarterly revenue growth of 16.4% and earnings of $2.02 per share, exceeding estimates, but investors still face valuation and margin risks from the stock’s premium multiple, higher memory costs and mixed iPhone 18 pre-order signals.

Johnson Wealth Management LLC bought 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. The institutional investor bought 9,478 shares of the iPhone maker's stock, valued at approximately $2,743,000. Apple makes up approximately 1.2% of Johnson Wealth Management LLC's holdings, making the stock its 3rd largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Vanguard Group Inc. grew its stake in shares of Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after acquiring an additional 26,856,752 shares during the last quarter. Diamant Asset Management Inc. raised its position in shares of Apple by 24,974.3% in the 1st quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock valued at $6,754,449,000 after purchasing an additional 26,508,181 shares during the last quarter. Amundi raised its position in shares of Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the last quarter. Ascentis Wealth Management LLC boosted its stake in Apple by 27,622.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 8,788,371 shares of the iPhone maker's stock worth $2,543,003,000 after purchasing an additional 8,756,670 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Apple in the 4th quarter worth approximately $2,359,212,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain bullish on the iPhone cycle. Bank of America reaffirmed its Buy rating and $370 price target, citing encouraging iPhone 18 trends and potential artificial-intelligence upside. JPMorgan also maintained a Buy rating, pointing to the longer-term opportunity from the iPhone 18 cycle and foldable Duo. Apple Buy Rating Reaffirmed
• Positive Sentiment: The iPhone Duo is fueling growth expectations. Analysts and industry observers believe Apple’s first foldable iPhone could expand the premium smartphone market, strengthen the product cycle and create a new source of revenue and earnings growth. Can New iPhone Duo Power Apple's Stock Higher?
• Positive Sentiment: Apple’s antitrust exposure has eased. Elon Musk’s X Corp. and SpaceXAI moved to resolve or dismiss their antitrust claims against Apple related to its ChatGPT integration, reducing one legal overhang, although related claims against OpenAI continue. Musk's X Corp and SpaceXAI Resolve Antitrust Lawsuit
• Neutral Sentiment: iPhone 18 Pro pre-orders are sending mixed signals. Delivery estimates are generally shorter than during last year’s iPhone 17 launch, which could indicate softer demand, but may also reflect supply improvements or customers waiting for the iPhone Duo. Apple iPhone 18 Pro Pre-orders Point to Mixed Demand Signals
• Neutral Sentiment: Apple released iOS 27 with a redesigned Siri. The update expands Apple’s AI capabilities, but the initial waitlist and support for existing devices could limit near-term iPhone replacement demand. Apple Releases Redesigned Siri AI
• Negative Sentiment: Valuation and cost risks remain. With Apple trading near its 52-week high at a premium earnings multiple, investors may demand strong Duo adoption. Reports of sharply higher memory prices could pressure hardware margins or force price increases, while OpenAI’s acquisition of an AI-camera startup founded by former Apple employees highlights intensifying competition in AI-enabled devices. Apple CEO Warns of Memory Price Crisis

Apple Stock Up 0.2%

AAPL stock opened at $333.08 on Tuesday. The firm's fifty day simple moving average is $318.61 and its 200-day simple moving average is $293.06. The company has a market capitalization of $4.86 trillion, a P/E ratio of 38.20, a price-to-earnings-growth ratio of 2.89 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 12 month low of $235.03 and a 12 month high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 earnings per share. As a group, equities research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared 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. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wedbush reaffirmed an "outperform" rating and issued a $400.00 price target on shares of Apple in a report on Friday, June 5th. Maxim Group boosted their price objective on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 31st. KeyCorp reissued an "underweight" rating on shares of Apple in a research report on Friday, September 4th. Sanford C. Bernstein raised their target price on Apple from $350.00 to $370.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, KGI Securities cut Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target for the company. in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average price target of $338.80.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the transaction, the senior vice president owned 35,790 shares of the company's stock, valued at $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 available through the SEC website. In the last ninety days, insiders sold 7,194 shares of company stock worth $2,245,142. Company insiders own 0.06% of the company's stock.

Apple Profile

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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