Beverly Hills Private Wealth LLC Acquires Shares of 79,542 Apple Inc. $AAPL

Key Points

• Beverly Hills Private Wealth LLC purchased 79,542 Apple shares worth approximately $23.0 million in the second quarter, making Apple its second-largest portfolio holding at 4.4%. Institutional investors collectively own 67.73% of Apple.
• Analyst sentiment remains broadly positive: Apple has an average “Moderate Buy” rating and a consensus price target of $338.80, despite some firms maintaining cautious or bearish views.
• Apple exceeded quarterly expectations with $2.02 in EPS and $109.42 billion in revenue, up 16.4% year over year. The company also maintains a quarterly dividend of $0.27 per share, yielding approximately 0.3%.

Beverly Hills Private Wealth LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 79,542 shares of the iPhone maker's stock, valued at approximately $23,016,000. Apple makes up approximately 4.4% of Beverly Hills Private Wealth LLC's portfolio, making the stock its 2nd largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Firetrail Investments PTY Ltd. acquired a new stake in Apple in the 2nd quarter valued at approximately $29,071,000. Plato Investment Management Ltd acquired a new position in Apple during the 2nd quarter worth $108,421,000. R.H. Investment Group LLC bought a new position in shares of Apple in the second quarter worth $6,312,000. Bell Investment Advisors Inc bought a new position in shares of Apple in the second quarter worth $10,539,000. Finally, Idaho Trust Co acquired a new position in shares of Apple during the second quarter valued at $1,275,000. Institutional investors own 67.73% of the company's stock.

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total transaction of $456,176.74. Following the transaction, the senior vice president directly owned 34,352 shares in the company, valued at $10,897,484.96. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 7,194 shares of company stock valued at $2,245,142. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on AAPL. TD Cowen reissued a "buy" rating and set a $400.00 target price on shares of Apple in a research note on Thursday, September 10th. Loop Capital reduced their price target on shares of Apple from $350.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Robert W. Baird increased their price objective on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. Finally, Rothschild & Co Redburn set a $400.00 target price on Apple and gave the stock a "buy" rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $338.80.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new iPhone Duo foldable is generating significant investor interest. Analysts and commentators including Jim Cramer and Gary Black believe demand could be substantial, while some coverage suggests the device could expand Apple’s addressable market and support a longer-term upgrade cycle. Jim Cramer on Apple foldable demand
• Positive Sentiment: Several analysts remain bullish. Bank of America reiterated a Buy rating with a $370 price target, JPMorgan reaffirmed its Buy rating, and Morgan Stanley reportedly increased its conviction as Apple’s hardware and AI offerings become more compelling. Bank of America Apple rating
• Positive Sentiment: Apple had a record Emmy performance, taking home the most awards and strengthening Apple TV+’s position in streaming. The recognition could support customer engagement and Apple’s services strategy, although the direct financial effect is difficult to quantify. Apple Emmy coverage
• Neutral Sentiment: Early iPhone 18 Pro delivery times are shorter than last year’s, producing mixed interpretations: they may indicate softer demand, or consumers may be waiting for the foldable Duo. Apple’s stock is also roughly 4% below its recent high, limiting the margin for disappointment.
• Negative Sentiment: Reports describe iPhone 18 Pro demand as lukewarm, with shorter lead times and some indications of surprisingly weak preorders. Investors are concerned that the standard premium iPhone cycle may not justify Apple’s valuation. Apple iPhone 18 Pro demand
• Negative Sentiment: The redesigned Siri is launching under a beta label with language, regional, device and waitlist restrictions. Reported usage caps and response times of five to 15 seconds could delay the expected AI-driven upgrade cycle. Apple Siri AI rollout
• Negative Sentiment: India’s consumer regulator escalated an investigation into Apple’s software warranty terms and repair costs, creating potential regulatory, reputational and financial risk in an important growth market. India investigation into Apple

Apple Stock Performance

Apple stock opened at $331.34 on Wednesday. Apple Inc. has a fifty-two week low of $236.32 and a fifty-two week high of $344.57. The firm's 50 day simple moving average is $319.02 and its 200-day simple moving average is $293.47. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company has a market cap of $4.84 trillion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 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 analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $1.57 EPS. As a group, equities research analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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

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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