Private Wealth Advisors LLC Takes $3.41 Million Position in Apple Inc. $AAPL

Key Points

• Private Wealth Advisors LLC purchased 11,772 Apple shares worth approximately $3.41 million in the second quarter, making Apple its 22nd-largest holding and 0.9% of its portfolio.
• Institutional investors own 67.73% of Apple, with major firms including Vanguard, Amundi and Ascentis Wealth Management increasing their positions.
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, surpassing estimates; analysts maintain a “Moderate Buy” consensus with an average price target of $338.80. The company also pays a quarterly dividend of $0.27 per share.

Private Wealth Advisors LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,772 shares of the iPhone maker's stock, valued at approximately $3,406,000. Apple accounts for about 0.9% of Private Wealth Advisors LLC's portfolio, making the stock its 22nd largest position.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares in the last quarter. Diamant Asset Management Inc. increased its stake in shares of Apple by 24,974.3% in the first quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock worth $6,754,449,000 after purchasing an additional 26,508,181 shares in the last quarter. Amundi raised its position in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the period. Ascentis Wealth Management LLC raised its position in shares of Apple by 27,622.7% during the 2nd quarter. Ascentis Wealth Management LLC now owns 8,788,371 shares of the iPhone maker's stock valued at $2,543,003,000 after purchasing an additional 8,756,670 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Apple during the 4th quarter valued at $2,359,212,000. Institutional investors own 67.73% of the company's stock.

Apple Stock Up 0.2%

Shares of NASDAQ 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 firm has a market capitalization of $4.86 trillion, a price-to-earnings ratio of 38.20, a PEG ratio of 2.89 and a beta of 1.08. The stock has a 50 day moving average price of $318.61 and a 200 day moving average price of $293.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. Sell-side analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given 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 is presently 12.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a report on Friday, July 31st. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the company a "buy" rating in a research report on Monday, August 17th. KeyCorp restated an "underweight" rating on shares of Apple in a research note on Friday, September 4th. The Goldman Sachs Group started coverage on shares of Apple in a report on Monday, August 17th. They set a "buy" rating for the company. Finally, Wedbush reiterated an "outperform" rating and set a $400.00 price objective on shares of Apple in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus 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 Activity

In other news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were 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 in the company, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 7,194 shares of company stock worth $2,245,142 in the last 90 days. 0.06% of the stock is currently owned by company 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.

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