Avaii Wealth Management LLC Invests $5.86 Million in Apple Inc. $AAPL

Key Points

• Avaii Wealth Management acquired 20,261 Apple shares valued at approximately $5.86 million, making Apple about 1.7% of its portfolio and its 19th-largest holding.
• Apple received a consensus “Moderate Buy” rating from analysts, with an average price target of $340.14; institutional investors collectively own 67.73% of the company.
• Apple reported quarterly EPS of $2.02 on $109.42 billion in revenue, exceeding estimates and reflecting 16.4% year-over-year revenue growth. The company also declared a quarterly dividend of $0.27 per share.

Avaii Wealth Management LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,261 shares of the iPhone maker's stock, valued at approximately $5,863,000. Apple makes up about 1.7% of Avaii Wealth Management LLC's investment portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Longfellow Investment Management Co. LLC acquired a new position in Apple in the second quarter worth approximately $30,000. Lifetime Wealth Management P.C. acquired a new stake in Apple during the fourth quarter worth about $41,000. Basso Capital Management L.P. bought a new position in Apple during the fourth quarter valued at about $88,000. Bard Associates Inc. acquired a new position in Apple in the 4th quarter valued at approximately $109,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Apple in the fourth quarter valued at about $187,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the transaction, the senior vice president owned 35,790 shares in the company, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 8,632 shares of company stock worth $2,719,955 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. Citigroup reissued a "buy" rating on shares of Apple in a report on Thursday, September 10th. DA Davidson restated a "neutral" rating and issued a $270.00 price objective on shares of Apple in a research note on Wednesday, September 2nd. KeyCorp reaffirmed an "underweight" rating on shares of Apple in a research report on Friday, September 4th. Morgan Stanley restated an "overweight" rating and issued a $360.00 price target on shares of Apple in a research report on Wednesday, September 2nd. Finally, Piper Sandler started coverage on Apple in a research note on Monday, August 17th. They issued an "overweight" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $340.14.

Apple Stock Down 0.3%

Shares of NASDAQ AAPL opened at $336.13 on Friday. The business has a 50-day simple moving average of $320.24 and a two-hundred day simple moving average of $294.69. The company has a market cap of $4.91 trillion, a P/E ratio of 38.55, a P/E/G ratio of 2.93 and a beta of 1.08. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 52 week low of $240.21 and a 52 week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly 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. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The company's revenue was up 16.4% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Key Stories Impacting Apple

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

About Apple

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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