Frazier Financial Advisors LLC Buys New Position in Apple Inc. $AAPL

Key Points

• Frazier Financial Advisors acquired 12,254 Apple shares worth approximately $3.55 million, making Apple its eighth-largest holding and representing about 1.8% of its portfolio. Other institutional investors also initiated or expanded positions, with institutions and hedge funds owning 67.73% of the stock.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst expectations, while revenue increased 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, yielding approximately 0.3%.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $340.14, although some firms downgraded the stock to neutral; an Apple senior vice president also sold 1,439 shares, part of roughly $2.72 million in insider sales over the past 90 days.

Frazier Financial Advisors LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,254 shares of the iPhone maker's stock, valued at approximately $3,546,000. Apple makes up approximately 1.8% of Frazier Financial Advisors LLC's portfolio, making the stock its 8th largest position.

Several other large investors also recently modified their holdings of AAPL. Prospect Hill Management LLC acquired a new position in shares of Apple during the second quarter worth approximately $146,370,000. Focus Partners Advisor Solutions LLC acquired a new stake in Apple in the 2nd quarter valued at approximately $168,646,000. Wealthfront Advisers LLC acquired a new stake in Apple in the 2nd quarter valued at approximately $482,388,000. Baron Silver Stevens Financial Advisors LLC increased its holdings in shares of Apple by 65.6% during the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 66,717 shares of the iPhone maker's stock valued at $19,305,000 after purchasing an additional 26,418 shares during the period. Finally, Rainier Family Wealth Inc. increased its holdings in shares of Apple by 14.1% during the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock valued at $6,189,000 after purchasing an additional 3,014 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Apple Price Performance

NASDAQ AAPL opened at $336.13 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 1 year low of $240.21 and a 1 year high of $344.57. The company has a market cap of $4.91 trillion, a PE ratio of 38.55, a PEG ratio of 2.92 and a beta of 1.08. The stock's 50-day moving average price is $320.24 and its two-hundred day moving average price is $294.69.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share 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 business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same period last year, the firm posted $1.57 earnings per share. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. On average, analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on AAPL. Seaport Research Partners downgraded shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Sanford C. Bernstein raised their target price on shares of Apple from $350.00 to $370.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Daiwa Securities Group increased their price objective on shares of Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. BTIG Research started coverage on Apple in a report on Monday, August 17th. They set a "neutral" rating on the stock. Finally, Weiss Ratings cut Apple from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $340.14.

More Apple News

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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