Dodds Wealth LLC Purchases Shares of 13,386 Apple Inc. $AAPL

Key Points

• Dodds Wealth LLC initiated a position in Apple, purchasing 13,386 shares valued at approximately $3.87 million. Apple now represents about 0.9% of the firm’s portfolio and is its 11th-largest holding.
• Institutional interest remains substantial, with hedge funds and other institutional investors owning approximately 67.73% of Apple’s stock; several firms also added new positions during the second quarter.
• Apple reported quarterly earnings and revenue above analyst expectations, but investors face a mixed outlook: analysts remain moderately bullish while citing the stock’s premium valuation, competition and potential margin pressure from rising component costs.

Dodds Wealth LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,386 shares of the iPhone maker's stock, valued at approximately $3,873,000. Apple accounts for approximately 0.9% of Dodds Wealth LLC's portfolio, making the stock its 11th largest holding.

Several other hedge funds have also bought and sold shares of AAPL. SCS Capital Management LLC acquired a new stake in Apple during the second quarter valued at $55,119,000. CORDA Investment Management LLC. grew its position in shares of Apple by 1.4% during the 2nd quarter. CORDA Investment Management LLC. now owns 186,531 shares of the iPhone maker's stock valued at $53,975,000 after acquiring an additional 2,621 shares during the period. Stonehaven Wealth & Tax Solutions LLC purchased a new position in Apple during the second quarter worth approximately $1,448,000. Sound Portfolio Advisors LLC purchased a new position in Apple during the second quarter worth approximately $521,000. Finally, Silverlake Wealth Management LLC acquired a new stake in Apple in the second quarter valued at approximately $17,214,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple’s $1,999 foldable iPhone, scheduled to arrive October 23, could drive upgrades, deepen ecosystem engagement and add a high-margin premium product category. Some analysts believe foldables could eventually account for 10% to 20% of iPhone revenue. How Wall Street viewed Apple's foldable iPhone
• Positive Sentiment: Analysts see renewed hardware momentum. Alongside the Duo, Apple unveiled the iPhone 18 Pro lineup, new Apple Watch models, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 target, supporting the bullish reaction. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions could reduce sticker-price resistance. T-Mobile, AT&T and Verizon are offering installment and trade-in incentives for the expensive Duo, potentially broadening access without an immediate industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America retained a Buy rating but lowered its price target to $370, while Rosenblatt kept a Neutral rating and $303 target. The debate centers on Duo demand, supply constraints, valuation and the durability of the upgrade cycle.
• Negative Sentiment: Margin pressure remains the main risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Management has already guided to lower gross margins, raising concerns that pricing may not fully offset higher costs. Apple margin pressure from memory costs
• Negative Sentiment: Premium valuation and competition limit upside. Apple trades near the upper end of its historical earnings multiple, while Huawei, Xiaomi and Samsung remain strong competitors in China and the foldable market.
• Negative Sentiment: Insider selling is a modest cautionary signal. SVP Jennifer Newstead sold approximately $456,000 of stock, reducing her direct holdings by about 4%, although she retains a substantial position.

Insider Buying and Selling

In other news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 dated Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,310 shares of company stock worth $2,279,378 over the last quarter. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

Shares of AAPL stock opened at $332.27 on Monday. The company's 50-day moving average price is $318.20 and its 200-day moving average price is $292.63. 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 stock has a market cap of $4.85 trillion, a price-to-earnings ratio of 38.10, a PEG ratio of 2.89 and a beta of 1.08. Apple Inc. has a twelve month low of $229.02 and a twelve month high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results 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 company had revenue of $109.42 billion for 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%. Apple's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 earnings per share. As a group, equities analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays restated an "underweight" rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Rosenblatt Securities reissued a "neutral" rating and set a $303.00 target price on shares of Apple in a research note on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Tuesday, August 25th. Finally, Phillip Securities cut Apple from a "hold" rating to a "moderate sell" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $334.91.

Apple Profile

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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