Addison Advisors LLC Takes Position in Apple Inc. $AAPL

Key Points

• Addison Advisors LLC bought 5,926 Apple shares worth approximately $1.715 million, making Apple 0.8% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02, surpassing the $1.89 consensus, while revenue rose 16.4% year over year to $109.42 billion. The company also paid a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with Apple carrying a consensus “Moderate Buy” rating and an average price target of $340.14, although some firms downgraded the stock to “Hold.”

Addison Advisors LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,926 shares of the iPhone maker's stock, valued at approximately $1,715,000. Apple accounts for 0.8% of Addison Advisors LLC's portfolio, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Prospect Hill Management LLC bought a new position in Apple in the 2nd quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC purchased a new stake in Apple in the second quarter worth $168,646,000. Wealthfront Advisers LLC bought a new stake in shares of Apple during the second quarter worth $482,388,000. Baron Silver Stevens Financial Advisors LLC lifted its position in shares of Apple by 65.6% during the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 66,717 shares of the iPhone maker's stock worth $19,305,000 after purchasing an additional 26,418 shares during the last quarter. Finally, Rainier Family Wealth Inc. boosted its stake in shares of Apple by 14.1% during the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after purchasing an additional 3,014 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Trading Down 0.3%

NASDAQ:AAPL opened at $336.13 on Friday. Apple Inc. has a one year low of $240.21 and a one year high of $344.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market cap of $4.91 trillion, a P/E ratio of 38.55, a P/E/G ratio of 2.92 and a beta of 1.08. The firm has a 50-day simple moving average of $320.24 and a 200-day simple moving average of $294.69.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $109.42 billion for 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 quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. Equities analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal 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 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 12.39%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citic Securities raised their price target on shares of Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Citigroup reissued a "buy" rating on shares of Apple in a research report on Thursday, September 10th. Piper Sandler initiated coverage on shares of Apple in a research note on Monday, August 17th. They issued an "overweight" rating on the stock. KGI Securities lowered shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price on the stock. in a research report on Monday, June 22nd. Finally, DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price target for the company. in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $340.14.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Insider Activity

In other news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares in the company, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 8,632 shares of company stock valued at $2,719,955. 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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