Expressive Wealth LLC Takes Position in Apple Inc. $AAPL

Expressive Wealth LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 6,757 shares of the iPhone maker's stock, valued at approximately $1,955,000. Apple accounts for 1.8% of Expressive Wealth LLC's investment portfolio, making the stock its 10th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Gambit Capital Management LLC purchased a new position in Apple in the second quarter valued at $2,840,000. Fund Advisors of America Inc FL purchased a new stake in shares of Apple during the 2nd quarter worth about $6,095,000. Heartland Advisors Inc. acquired a new stake in shares of Apple during the 2nd quarter valued at about $1,154,000. G2 Capital Management LLC OH purchased a new position in shares of Apple in the 2nd quarter valued at about $11,400,000. Finally, Manhattan West Asset Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at about $20,899,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Up 0.2%

Shares of AAPL opened at $339.75 on Wednesday. The stock has a 50 day moving average price of $321.17 and a 200 day moving average price of $295.97. Apple Inc. has a one year low of $243.42 and a one year high of $345.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The stock has a market capitalization of $4.96 trillion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.94 and a beta of 1.08.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. 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 dividend payout ratio (DPR) is currently 12.39%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone momentum: Investor enthusiasm remains high following Apple’s introduction of the approximately $1,999 iPhone Duo, which represents the company’s biggest iPhone design change in years. Early interest and strong iPhone 18 Pro preorder lead times have reinforced expectations for an upgrade cycle and potentially higher revenue. Apple Folds & Meta Muses
• Positive Sentiment: AI-focused Macs: New Mac mini and Mac Studio systems are being marketed as a lower-cost alternative to cloud data-center computing because businesses can run AI models locally without recurring per-token charges. The strategy could support Mac demand and broaden Apple’s role in enterprise AI, even as Nvidia remains dominant in large-scale infrastructure. With new Macs, Apple aims to take on Microsoft, Nvidia in a rush to lower AI costs
• Positive Sentiment: Wearables expansion: Apple is reportedly developing a screenless fitness tracker to compete with Whoop and Oura. A lower-priced, health-focused wearable could expand Apple’s addressable market and generate additional services revenue, although the product may not launch until as early as 2028. Apple Considers Screenless Fitness Tracker to Expand Wearable Lineup Beyond Smartwatches
• Positive Sentiment: Services and international growth: Apple plans to launch Apple Pay in India next month, initially with Axis Bank, while hiring in digital assets could support future payments and tokenization initiatives. These efforts add to the company’s recurring-revenue ecosystem.
• Neutral Sentiment: Valuation and technical backdrop: Apple’s record run and roughly 39-times earnings multiple are attracting profit-taking concerns, but analysts continue to cite earnings beats, strong cash generation, and improving product momentum. The stock is trading near its 52-week high and close to technical breakout levels.
• Negative Sentiment: Legal and geopolitical risks: Apple is opening claims under a $250 million settlement related to alleged misleading Apple Intelligence advertising. Separately, pressure on the new CEO to reconsider Chinese chip sourcing highlights supply-chain and U.S.-China trade risks.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. KeyCorp reiterated an "underweight" rating on shares of Apple in a research report on Friday, September 4th. Barclays restated an "underweight" rating and issued a $245.00 price objective (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Robert W. Baird upped their target price on Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Bank of America reissued a "buy" rating and issued a $370.00 price target on shares of Apple in a research note on Thursday, September 17th. Finally, Arete Research boosted their price target on shares of Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.

Insiders Place Their Bets

In related 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 completion of the sale, the senior vice president owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 8,632 shares of company stock worth $2,719,955 in the last quarter. Insiders own 0.06% of the company's stock.

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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