Apple Inc. $AAPL Stock Bought by Orgel Wealth Management LLC

Key Points

• Orgel Wealth Management increased its Apple position by 32.3% in the second quarter, bringing its holdings to 10,340 shares valued at approximately $2.99 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02 on revenue of $109.42 billion, exceeding analyst estimates, while revenue grew 16.4% year over year. Shares opened at $333.69, near their 12-month high of $345.34.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $340.02 price target, although concerns include Apple’s rich valuation, rising component costs, AI competition, and a $5.7 billion patent verdict.

Orgel Wealth Management LLC raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 32.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,340 shares of the iPhone maker's stock after purchasing an additional 2,525 shares during the period. Orgel Wealth Management LLC's holdings in Apple were worth $2,992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AAPL. Berkshire Hathaway Inc acquired a new position in shares of Apple during the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple during the 2nd quarter worth about $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple during the second quarter worth approximately $30,443,242,000. Nuveen LLC boosted its holdings in Apple by 3.8% in the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock valued at $20,389,750,000 after purchasing an additional 2,725,121 shares in the last quarter. Finally, Amundi increased its stake in Apple by 23.2% in the first 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. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 1.0%

Shares of AAPL stock opened at $333.69 on Friday. The company has a market capitalization of $4.87 trillion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $322.16 and its two-hundred day moving average is $300.01. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34.

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 analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 EPS. Equities analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is 12.39%.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Analyst Ratings Changes

A number of research firms have weighed in on AAPL. KGI Securities cut shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective on the stock. in a report on Monday, June 22nd. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 target price on shares of Apple in a research report on Wednesday, September 2nd. Moffett Nathanson reiterated a "neutral" rating and set a $304.00 price target (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. Jefferies Financial Group restated an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. Finally, China Renaissance cut Apple from a "buy" rating to a "hold" rating and cut their target price for the stock from $329.00 to $280.00 in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $340.02.

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares in the company, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 13,430 shares of company stock worth $4,342,255 over the last quarter. 0.06% of the stock is currently owned by insiders.

Apple 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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