Apple Inc. $AAPL Stock Purchased by Angeles Wealth Management LLC

Key Points

• Angeles Wealth Management increased its Apple position by 6.2% in the second quarter, adding 11,237 shares to own 193,597 shares valued at approximately $56 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported stronger-than-expected quarterly results, with EPS of $2.02 and revenue of $109.42 billion, representing 16.4% year-over-year revenue growth. The company also declared a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $340.02, although concerns include Apple’s elevated valuation, softer iPhone pricing and rising memory-chip costs.

Angeles Wealth Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 193,597 shares of the iPhone maker's stock after purchasing an additional 11,237 shares during the quarter. Apple accounts for 2.2% of Angeles Wealth Management LLC's investment portfolio, making the stock its 10th biggest holding. Angeles Wealth Management LLC's holdings in Apple were worth $56,019,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Nuveen LLC raised its position in Apple by 3.8% during the fourth quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after acquiring an additional 2,725,121 shares during the last quarter. Amundi lifted its holdings in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Apple by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock valued at $14,858,200,000 after purchasing an additional 979,832 shares in the last quarter. Swiss National Bank boosted its stake in shares of Apple by 6.1% during the 1st quarter. Swiss National Bank now owns 43,134,968 shares of the iPhone maker's stock worth $10,947,224,000 after purchasing an additional 2,467,900 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Apple by 3.7% during the 1st quarter. California Public Employees Retirement System now owns 37,713,677 shares of the iPhone maker's stock worth $9,571,354,000 after purchasing an additional 1,338,411 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

NASDAQ AAPL opened at $336.67 on Thursday. 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 1-year low of $243.42 and a 1-year high of $345.34. The firm has a market capitalization of $4.91 trillion, a P/E ratio of 38.61, a P/E/G ratio of 2.66 and a beta of 1.07. The business's 50-day simple moving average is $321.92 and its 200-day simple moving average is $302.11.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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 firm had revenue of $109.42 billion during 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 revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. Equities analysts predict that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

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

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly partnering with LG Electronics to develop a smart-home lineup including a doorbell, smart lock, thermostat and other accessories tied to a new Apple home hub. The initiative could expand the HomeKit ecosystem, create new hardware and services revenue, and intensify competition with Amazon’s Ring and Google’s Nest. Apple partners with LG on smart-home devices
• Positive Sentiment: Apple’s App Store revenue growth reportedly rebounded to 5% in September after a weaker August. Continued Services momentum supports the company’s recurring-revenue profile, though investors are watching whether the improvement proves durable. Apple App Store growth rebounds
• Neutral Sentiment: CEO John Ternus sold 25,412 shares worth about $8.5 million to cover tax withholding tied to equity vesting. Because the transaction was tax-related rather than described as discretionary selling, it is unlikely to materially change the investment case, though it may create short-term headline pressure. Apple CEO stock sale
• Negative Sentiment: Morgan Stanley lowered its Apple price target to $355 despite raising revenue forecasts, citing softer iPhone pricing and higher memory-chip costs that could compress gross margins. The target is only modestly above recent trading levels, limiting perceived upside. Morgan Stanley cuts Apple price target
• Negative Sentiment: Several valuation comparisons highlight that investors pay substantially more for each dollar of Apple’s earnings than for Nvidia’s, despite Nvidia’s stronger recent profitability. With AAPL trading at an elevated earnings multiple, the stock may require sustained iPhone, Services and AI growth to justify its premium. Nvidia versus Apple valuation comparison

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research note on Thursday, October 1st. Daiwa Securities Group lifted their price objective on Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Wells Fargo & Company reiterated an "overweight" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Maxim Group increased their target price on Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. reissued a "buy" rating on shares of Apple in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $340.02.

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the sale, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. This trade represents a 29.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 276,984 shares of company stock worth $92,116,025 in the last ninety days. 0.06% of the stock is owned by corporate insiders.

About Apple

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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