Global Retirement Partners LLC Buys Shares of 580,699 Apple Inc. $AAPL

Key Points

• Global Retirement Partners LLC bought 580,699 Apple shares worth approximately $168 million in the second quarter, making Apple its fourth-largest holding at 2.6% of its portfolio.
• Other institutions also increased or initiated Apple positions, and hedge funds and institutional investors collectively own 67.73% of the company.
• Apple reported quarterly EPS of $2.02, beating estimates, while revenue rose 16.4% year over year to $109.42 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $338.80, though valuation and rising costs remain risks.

Global Retirement Partners LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 580,699 shares of the iPhone maker's stock, valued at approximately $168,031,000. Apple comprises approximately 2.6% of Global Retirement Partners LLC's portfolio, making the stock its 4th biggest position.

Other institutional investors have also modified their holdings of the company. Prospect Hill Management LLC purchased a new stake in shares of Apple during the 2nd quarter valued at approximately $146,370,000. Focus Partners Advisor Solutions LLC acquired a new position in Apple in the second quarter valued at approximately $168,646,000. Baron Silver Stevens Financial Advisors LLC grew its position in Apple by 65.6% in the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 66,717 shares of the iPhone maker's stock worth $19,305,000 after acquiring an additional 26,418 shares during the period. Rainier Family Wealth Inc. grew its position in Apple by 14.1% in the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after acquiring an additional 3,014 shares during the period. Finally, Eaton Cambridge Inc. increased its stake in Apple by 21.3% during the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after acquiring an additional 2,450 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Up 0.2%

AAPL opened at $333.08 on Tuesday. Apple Inc. has a 52 week low of $235.03 and a 52 week high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $318.61 and a 200-day simple moving average of $293.06. The firm has a market cap of $4.86 trillion, a P/E ratio of 38.20, a P/E/G ratio of 2.89 and a beta of 1.08.

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

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a $0.27 dividend. 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 currently 12.39%.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent analyst reports. Argus upped their price target on Apple from $325.00 to $375.00 in a research note on Monday, June 8th. Royal Bank Of Canada set a $365.00 price objective on Apple in a research report on Wednesday, July 15th. Sanford C. Bernstein boosted their price objective on shares of Apple from $350.00 to $370.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a research report on Wednesday, September 9th. Finally, Wedbush reaffirmed an "outperform" rating and set a $400.00 target price on shares of Apple in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $338.80.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain bullish on the iPhone cycle. Bank of America reaffirmed its Buy rating and $370 price target, citing encouraging iPhone 18 trends and potential artificial-intelligence upside. JPMorgan also maintained a Buy rating, pointing to the longer-term opportunity from the iPhone 18 cycle and foldable Duo. Apple Buy Rating Reaffirmed
• Positive Sentiment: The iPhone Duo is fueling growth expectations. Analysts and industry observers believe Apple’s first foldable iPhone could expand the premium smartphone market, strengthen the product cycle and create a new source of revenue and earnings growth. Can New iPhone Duo Power Apple's Stock Higher?
• Positive Sentiment: Apple’s antitrust exposure has eased. Elon Musk’s X Corp. and SpaceXAI moved to resolve or dismiss their antitrust claims against Apple related to its ChatGPT integration, reducing one legal overhang, although related claims against OpenAI continue. Musk's X Corp and SpaceXAI Resolve Antitrust Lawsuit
• Neutral Sentiment: iPhone 18 Pro pre-orders are sending mixed signals. Delivery estimates are generally shorter than during last year’s iPhone 17 launch, which could indicate softer demand, but may also reflect supply improvements or customers waiting for the iPhone Duo. Apple iPhone 18 Pro Pre-orders Point to Mixed Demand Signals
• Neutral Sentiment: Apple released iOS 27 with a redesigned Siri. The update expands Apple’s AI capabilities, but the initial waitlist and support for existing devices could limit near-term iPhone replacement demand. Apple Releases Redesigned Siri AI
• Negative Sentiment: Valuation and cost risks remain. With Apple trading near its 52-week high at a premium earnings multiple, investors may demand strong Duo adoption. Reports of sharply higher memory prices could pressure hardware margins or force price increases, while OpenAI’s acquisition of an AI-camera startup founded by former Apple employees highlights intensifying competition in AI-enabled devices. Apple CEO Warns of Memory Price Crisis

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $317.23, for a total transaction of $456,176.74. Following the sale, the senior vice president directly owned 34,352 shares in the company, valued at $10,897,484.96. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,194 shares of company stock worth $2,245,142 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.