Apple Inc. $AAPL is Revolve Wealth Partners LLC's 9th Largest Position

Key Points

• Revolve Wealth Partners increased its Apple stake by 5.1% in the second quarter to 71,400 shares valued at approximately $20.66 million, making Apple its ninth-largest holding and 2.1% of its portfolio.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, both ahead of consensus, with revenue rising 16.4% year over year. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $330.53.
• Apple’s AI strategy remains a key investor focus: new AI-oriented Macs and on-device computing support its capital-light approach, but high valuation, rising Mac prices, memory shortages and restructuring in Siri and Vision Pro create execution and demand risks.

Revolve Wealth Partners LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,400 shares of the iPhone maker's stock after buying an additional 3,474 shares during the quarter. Apple accounts for approximately 2.1% of Revolve Wealth Partners LLC's portfolio, making the stock its 9th largest holding. Revolve Wealth Partners LLC's holdings in Apple were worth $20,660,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Lifetime Wealth Management P.C. purchased a new position in shares of Apple in the fourth quarter worth $41,000. ROSS JOHNSON & Associates LLC grew its holdings in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares during the last quarter. Timmons Wealth Management LLC purchased a new position in shares of Apple in the fourth quarter valued at about $69,000. LSV Asset Management bought a new position in shares of Apple during the fourth quarter valued at about $65,000. Finally, Inspire Investing LLC purchased a new stake in shares of Apple during the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other news, insider Ben Borders sold 116 shares of the company's 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 transaction, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total transaction 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. The trade was a 3.59% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,994 shares of company stock worth $919,567. 0.06% of the stock is currently owned by company insiders.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: New AI-focused Macs strengthen Apple’s edge-computing strategy. Apple launched updated Mac mini and Mac Studio desktops powered by the M6 and M5 Ultra chips, emphasizing local AI workloads. The M6 reportedly uses a 2-nanometer process, while the M5 Ultra supports large models with up to 512GB of unified memory. The products could expand Apple’s role in AI development without requiring the massive infrastructure spending undertaken by rivals. Apple announces new Mac Mini and Mac Studio models with AI upgrades
• Positive Sentiment: Evercore maintained an Outperform rating and $365 price target. The firm said the higher Mac mini prices appear justified by the performance improvements, providing a positive Wall Street signal even as AAPL trades at a demanding valuation. Apple Stock Reiterated as Outperform
• Positive Sentiment: Apple’s capital-light AI approach is attracting investor interest. With technology shares exposed to concerns about an AI infrastructure spending race, Apple’s focus on on-device AI and its existing hardware ecosystem is being viewed as a relative advantage. Apple Rises as Investors Flee the AI Spending Arms Race
• Neutral Sentiment: Apple reversed a planned change to Hide My Email. Preserving the privacy feature may support customer trust, but the move is unlikely to materially affect near-term revenue or earnings. Apple rescues Hide My Email feature
• Negative Sentiment: Higher Mac prices and memory shortages could limit demand. The new Mac mini reportedly starts at $899, while the top Mac Studio configuration can cost substantially more. Persistent memory constraints could raise component costs and eventually contribute to higher iPhone prices, pressuring consumer demand and margins. Apple launches faster Mac mini and Mac Studio
• Negative Sentiment: AI execution and restructuring remain concerns. Apple is cutting more than 200 positions across Siri and Vision Pro while redirecting resources toward AI and smart glasses. The shift may improve focus, but it also highlights delays and uncertainty around Apple’s AI product roadmap. Apple cuts 200 jobs in Siri and Vision Pro
• Negative Sentiment: Valuation leaves limited room for disappointment. Around $310 per share, AAPL carries a market value above $4.5 trillion and a forward-looking growth profile that depends heavily on the next iPhone cycle. Analysts remain constructive, but investors are sensitive to evidence of slower growth, pricing pressure or weaker AI adoption.

Apple Stock Performance

Apple stock opened at $309.90 on Wednesday. Apple Inc. has a twelve month low of $224.69 and a twelve month high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $4.52 trillion, a P/E ratio of 35.54, a PEG ratio of 2.66 and a beta of 1.09. The stock's 50 day moving average is $311.12 and its 200 day moving average is $287.69.

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, topping the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the previous year, the company posted $1.57 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup restated a "buy" rating and set a $365.00 price target (up from $315.00) on shares of Apple in a report on Monday, July 13th. Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the stock a "buy" rating in a report on Monday, August 17th. Bank of America reaffirmed a "buy" rating and issued a $380.00 target price on shares of Apple in a research report on Thursday, June 18th. Maxim Group reiterated a "buy" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. Finally, Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $330.53.

About Apple

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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

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