Insight Wealth Partners LLC Makes New $2.98 Million Investment in Apple Inc. $AAPL

Insight Wealth Partners LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,293 shares of the iPhone maker's stock, valued at approximately $2,978,000. Apple accounts for 0.4% of Insight Wealth Partners LLC's holdings, making the stock its 21st largest holding.

A number of other hedge funds have also recently modified their holdings of the business. Prospect Hill Management LLC bought a new position in Apple in the 2nd quarter worth about $146,370,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Apple during the second quarter valued at approximately $168,646,000. Baron Silver Stevens Financial Advisors LLC boosted its holdings in shares of 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 valued at $19,305,000 after purchasing an additional 26,418 shares during the period. Rainier Family Wealth Inc. boosted its holdings in shares of Apple by 14.1% in 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. Finally, Eaton Cambridge Inc. grew its stake in Apple by 21.3% in the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after purchasing an additional 2,450 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $317.23, for a total value of $456,176.74. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 7,194 shares of company stock worth $2,245,142 over the last three months. Corporate insiders own 0.06% of the company's stock.

More 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 Price Performance

Shares of AAPL stock opened at $331.34 on Wednesday. The stock's 50-day moving average is $319.02 and its 200 day moving average is $293.47. Apple Inc. has a 1-year low of $236.32 and a 1-year high of $344.57. 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 PEG ratio of 2.89 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Research analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AAPL shares. Phillip Securities lifted their target price on Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a research report on Monday. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Argus raised their price target on Apple from $325.00 to $375.00 in a research note on Monday, June 8th. Wedbush restated an "outperform" rating and issued a $400.00 price objective on shares of Apple in a report on Friday, June 5th. Finally, Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. One 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 stock. Based on data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $338.80.

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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

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.